COII.L vs. 3BP.L
COII.L (IncomeShares Coinbase (COIN) Options ETP GBP) and 3BP.L (Leverage Shares 3x BP ETP GBX) are both exchange-traded funds - COII.L is a Derivative Income fund actively managed by Leverage Shares, while 3BP.L is a Leveraged Equities fund tracking the iSTOXX Leveraged 3x BP Index. COII.L is actively managed, while 3BP.L is passively managed. Over the past year, COII.L returned -65.82% vs 168.94% for 3BP.L. At a correlation of -0.03, they often move in opposite directions. COII.L charges 0.55%/yr vs 0.75%/yr for 3BP.L.
Performance
COII.L vs. 3BP.L - Performance Comparison
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Returns By Period
In the year-to-date period, COII.L achieves a -44.56% return, which is significantly lower than 3BP.L's 75.30% return.
COII.L
- 1D
- -0.71%
- 1M
- -12.47%
- YTD
- -44.56%
- 6M
- -52.15%
- 1Y
- -65.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3BP.L
- 1D
- -1.59%
- 1M
- -16.33%
- YTD
- 75.30%
- 6M
- 37.46%
- 1Y
- 168.94%
- 3Y*
- -2.25%
- 5Y*
- 4.91%
- 10Y*
- —
COII.L vs. 3BP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
COII.L IncomeShares Coinbase (COIN) Options ETP GBP | -44.56% | -47.27% | 15.90% |
3BP.L Leverage Shares 3x BP ETP GBX | 75.30% | 16.83% | -11.87% |
Correlation
The correlation between COII.L and 3BP.L is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.15 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2024 | -0.03 |
The correlation between COII.L and 3BP.L shifts across timeframes, from -0.15 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
COII.L vs. 3BP.L — Risk / Return Rank
COII.L
3BP.L
COII.L vs. 3BP.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 BP ETP GBX (3BP.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.
| COII.L | 3BP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.07 | ||
| Sortino ratioReturn per unit of downside risk | -4.17 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.31 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | 4.23 | -5.11 |
| Martin ratioReturn relative to average drawdown | -1.34 | 11.67 | -13.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| COII.L | 3BP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.09 | 1.98 | -3.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.06 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.81 | 0.06 | -0.87 |
Drawdowns
COII.L vs. 3BP.L - Drawdown Comparison
The maximum COII.L drawdown since its inception was -76.00%, smaller than the maximum 3BP.L drawdown of -85.47%. Use the drawdown chart below to compare losses from any high point for COII.L and 3BP.L.
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Drawdown Indicators
| COII.L | 3BP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.00% | -85.47% | +9.47% |
Max Drawdown (1Y)Largest decline over 1 year | -74.77% | -39.67% | -35.10% |
Max Drawdown (3Y)Largest decline over 3 years | — | -82.48% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -85.47% | — |
Current DrawdownCurrent decline from peak | -75.01% | -46.91% | -28.10% |
Average DrawdownAverage peak-to-trough decline | -34.14% | -43.64% | +9.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.16% | 14.42% | +34.74% |
Volatility
COII.L vs. 3BP.L - Volatility Comparison
The current volatility for IncomeShares Coinbase (COIN) Options ETP GBP (COII.L) is 16.24%, while Leverage Shares 3x BP ETP GBX (3BP.L) has a volatility of 29.33%. This indicates that COII.L experiences smaller price fluctuations and is considered to be less risky than 3BP.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 | 3BP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.24% | 29.33% | -13.09% |
Volatility (6M)Calculated over the trailing 6-month period | 41.47% | 74.08% | -32.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.26% | 84.97% | -24.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.71% | 89.78% | -31.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.71% | 90.19% | -31.48% |
COII.L vs. 3BP.L - Expense Ratio Comparison
COII.L has a 0.55% expense ratio, which is lower than 3BP.L's 0.75% expense ratio.
Dividends
COII.L vs. 3BP.L - Dividend Comparison
COII.L's dividend yield for the trailing twelve months is around 105.73%, while 3BP.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
3BP.L Leverage Shares 3x BP ETP GBX | 0.00% | 0.00% | 0.00% |
COII.L IncomeShares Coinbase (COIN) Options ETP GBP | 105.73% | 191.72% | 18.99% |
Frequently Asked Questions
COII.L and 3BP.L have a correlation of -0.15, 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 3BP.L.
COII.L is categorized as Derivative Income, while 3BP.L is Leveraged Equities. Their fees differ too: 0.55% for COII.L and 0.75% for 3BP.L.
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