COII.L vs. 3MSE.L
COII.L (IncomeShares Coinbase (COIN) Options ETP GBP) and 3MSE.L (Leverage Shares 3x Microsoft ETP EUR) are both exchange-traded funds - COII.L is a Derivative Income fund actively managed by Leverage Shares, while 3MSE.L is a Leveraged Equities fund tracking the iSTOXX Leveraged 3X MSFT Index. COII.L is actively managed, while 3MSE.L is passively managed. Over the past year, COII.L returned -65.82% vs -43.35% for 3MSE.L. At a 0.40 correlation, their price movements are largely independent. COII.L charges 0.55%/yr vs 0.75%/yr for 3MSE.L.
Performance
COII.L vs. 3MSE.L - Performance Comparison
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Different Trading Currencies
COII.L is traded in GBp, while 3MSE.L is traded in EUR. To make them comparable, the 3MSE.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with COII.L having a -44.56% return and 3MSE.L slightly higher at -43.52%.
COII.L
- 1D
- -0.71%
- 1M
- -12.47%
- YTD
- -44.56%
- 6M
- -52.15%
- 1Y
- -65.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3MSE.L
- 1D
- 1.83%
- 1M
- 11.71%
- YTD
- -43.52%
- 6M
- -41.91%
- 1Y
- -43.35%
- 3Y*
- -9.45%
- 5Y*
- 2.73%
- 10Y*
- —
COII.L vs. 3MSE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
COII.L IncomeShares Coinbase (COIN) Options ETP GBP | -44.56% | -47.27% | 15.90% |
3MSE.L Leverage Shares 3x Microsoft ETP EUR | -43.52% | -1.06% | -3.29% |
Correlation
The correlation between COII.L and 3MSE.L is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2024 | 0.40 |
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Return for Risk
COII.L vs. 3MSE.L — Risk / Return Rank
COII.L
3MSE.L
COII.L vs. 3MSE.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 Microsoft ETP EUR (3MSE.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 | 3MSE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -1.50 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 0.95 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | -0.57 | -0.31 |
| Martin ratioReturn relative to average drawdown | -1.34 | -1.00 | -0.34 |
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 | 3MSE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.09 | -0.55 | -0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.04 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.81 | 0.02 | -0.83 |
Drawdowns
COII.L vs. 3MSE.L - Drawdown Comparison
The maximum COII.L drawdown since its inception was -76.00%, smaller than the maximum 3MSE.L drawdown of -81.40%. Use the drawdown chart below to compare losses from any high point for COII.L and 3MSE.L.
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Drawdown Indicators
| COII.L | 3MSE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.00% | -81.40% | +5.40% |
Max Drawdown (1Y)Largest decline over 1 year | -74.77% | -76.03% | +1.26% |
Max Drawdown (3Y)Largest decline over 3 years | — | -76.03% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -81.40% | — |
Current DrawdownCurrent decline from peak | -75.01% | -62.74% | -12.27% |
Average DrawdownAverage peak-to-trough decline | -34.14% | -37.24% | +3.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.16% | 43.52% | +5.64% |
Volatility
COII.L vs. 3MSE.L - Volatility Comparison
The current volatility for IncomeShares Coinbase (COIN) Options ETP GBP (COII.L) is 16.24%, while Leverage Shares 3x Microsoft ETP EUR (3MSE.L) has a volatility of 30.92%. This indicates that COII.L experiences smaller price fluctuations and is considered to be less risky than 3MSE.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 | 3MSE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.24% | 30.92% | -14.68% |
Volatility (6M)Calculated over the trailing 6-month period | 41.47% | 75.07% | -33.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.26% | 79.12% | -18.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.71% | 78.19% | -19.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.71% | 80.00% | -21.29% |
COII.L vs. 3MSE.L - Expense Ratio Comparison
COII.L has a 0.55% expense ratio, which is lower than 3MSE.L's 0.75% expense ratio.
Dividends
COII.L vs. 3MSE.L - Dividend Comparison
COII.L's dividend yield for the trailing twelve months is around 105.73%, while 3MSE.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
3MSE.L Leverage Shares 3x Microsoft ETP EUR | 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 3MSE.L have a correlation of 0.37, 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 3MSE.L.
COII.L is categorized as Derivative Income, while 3MSE.L is Leveraged Equities. Their fees differ too: 0.55% for COII.L and 0.75% for 3MSE.L.
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