COII.L vs. 3BA.L
COII.L (IncomeShares Coinbase (COIN) Options ETP GBP) and 3BA.L (Leverage Shares 3x Boeing ETP GBX) are both exchange-traded funds - COII.L is a Derivative Income fund actively managed by Leverage Shares, while 3BA.L is a Leveraged Equities fund tracking the iSTOXX Leveraged 3x BA Index. COII.L is actively managed, while 3BA.L is passively managed. Over the past year, COII.L returned -68.34% vs -11.11% for 3BA.L. At a 0.25 correlation, their price movements are largely independent. COII.L charges 0.55%/yr vs 0.75%/yr for 3BA.L.
Performance
COII.L vs. 3BA.L - Performance Comparison
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Returns By Period
In the year-to-date period, COII.L achieves a -45.18% return, which is significantly lower than 3BA.L's -16.03% return.
COII.L
- 1D
- 0.00%
- 1M
- -11.69%
- YTD
- -45.18%
- 6M
- -46.55%
- 1Y
- -68.34%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3BA.L
- 1D
- 5.22%
- 1M
- -1.52%
- YTD
- -16.03%
- 6M
- -14.09%
- 1Y
- -11.11%
- 3Y*
- -35.77%
- 5Y*
- -45.21%
- 10Y*
- —
COII.L vs. 3BA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
COII.L IncomeShares Coinbase (COIN) Options ETP GBP | -45.18% | -47.27% | 12.24% |
3BA.L Leverage Shares 3x Boeing ETP GBX | -16.03% | -4.22% | 57.12% |
Correlation
The correlation between COII.L and 3BA.L is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2024 | 0.25 |
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Return for Risk
COII.L vs. 3BA.L — Risk / Return Rank
COII.L
3BA.L
COII.L vs. 3BA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares Coinbase (COIN) Options ETP GBP (COII.L) and Leverage Shares 3x Boeing ETP GBX (3BA.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| COII.L | 3BA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -2.03 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 1.05 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | -0.21 | -0.69 |
| Martin ratioReturn relative to average drawdown | -1.30 | -0.38 | -0.92 |
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Drawdowns
COII.L vs. 3BA.L - Drawdown Comparison
The maximum COII.L drawdown since its inception was -76.85%, smaller than the maximum 3BA.L drawdown of -98.40%. Use the drawdown chart below to compare losses from any high point for COII.L and 3BA.L.
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Drawdown Indicators
| COII.L | 3BA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.85% | -98.40% | +21.55% |
Max Drawdown (1Y)Largest decline over 1 year | -75.91% | -60.76% | -15.15% |
Max Drawdown (3Y)Largest decline over 3 years | — | -94.05% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -97.95% | — |
Current DrawdownCurrent decline from peak | -75.30% | -96.15% | +20.85% |
Average DrawdownAverage peak-to-trough decline | -36.13% | -82.39% | +46.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 52.43% | 33.52% | +18.91% |
Volatility
COII.L vs. 3BA.L - Volatility Comparison
The current volatility for IncomeShares Coinbase (COIN) Options ETP GBP (COII.L) is 17.54%, while Leverage Shares 3x Boeing ETP GBX (3BA.L) has a volatility of 26.55%. This indicates that COII.L experiences smaller price fluctuations and is considered to be less risky than 3BA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COII.L | 3BA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.54% | 26.55% | -9.01% |
Volatility (6M)Calculated over the trailing 6-month period | 43.04% | 66.45% | -23.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 77.95% | 88.38% | -10.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.27% | 107.46% | -38.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.27% | 106.37% | -37.10% |
COII.L vs. 3BA.L - Expense Ratio Comparison
COII.L has a 0.55% expense ratio, which is lower than 3BA.L's 0.75% expense ratio.
Dividends
COII.L vs. 3BA.L - Dividend Comparison
COII.L's dividend yield for the trailing twelve months is around 106.93%, while 3BA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
3BA.L Leverage Shares 3x Boeing ETP GBX | 0.00% | 0.00% | 0.00% |
COII.L IncomeShares Coinbase (COIN) Options ETP GBP | 106.93% | 191.72% | 18.98% |
Frequently Asked Questions
COII.L and 3BA.L have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, COII.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
COII.L is cheaper with a 0.55% expense ratio, compared with 0.75% for 3BA.L.
COII.L is categorized as Derivative Income, while 3BA.L is Leveraged Equities. Their fees differ too: 0.55% for COII.L and 0.75% for 3BA.L.
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