COII.L vs. KWE3.L
COII.L (IncomeShares Coinbase (COIN) Options ETP GBP) and KWE3.L (Leverage Shares 3x Long China Tech ETC Securities) are both exchange-traded funds - COII.L is a Derivative Income fund actively managed by Leverage Shares, while KWE3.L is a Leveraged Equities fund actively managed by Leverage Shares. Both are actively managed. Over the past year, COII.L returned -65.82% vs -55.50% for KWE3.L. At a 0.28 correlation, their price movements are largely independent. COII.L charges 0.55%/yr vs 0.75%/yr for KWE3.L.
Performance
COII.L vs. KWE3.L - Performance Comparison
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Different Trading Currencies
COII.L is traded in GBp, while KWE3.L is traded in USD. To make them comparable, the KWE3.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, COII.L achieves a -44.56% return, which is significantly higher than KWE3.L's -57.24% return.
COII.L
- 1D
- -0.71%
- 1M
- -12.47%
- YTD
- -44.56%
- 6M
- -52.15%
- 1Y
- -65.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KWE3.L
- 1D
- -11.55%
- 1M
- -16.76%
- YTD
- -57.24%
- 6M
- -62.50%
- 1Y
- -55.50%
- 3Y*
- -37.16%
- 5Y*
- —
- 10Y*
- —
COII.L vs. KWE3.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
COII.L IncomeShares Coinbase (COIN) Options ETP GBP | -44.56% | -47.27% | 15.90% |
KWE3.L Leverage Shares 3x Long China Tech ETC Securities | -57.22% | 3.56% | -31.57% |
Correlation
The correlation between COII.L and KWE3.L is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2024 | 0.28 |
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Return for Risk
COII.L vs. KWE3.L — Risk / Return Rank
COII.L
KWE3.L
COII.L vs. KWE3.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 Long China Tech ETC Securities (KWE3.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 | KWE3.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -1.01 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 0.90 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | -0.70 | -0.18 |
| Martin ratioReturn relative to average drawdown | -1.34 | -1.26 | -0.08 |
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 | KWE3.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.09 | -0.70 | -0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.81 | -0.46 | -0.35 |
Drawdowns
COII.L vs. KWE3.L - Drawdown Comparison
The maximum COII.L drawdown since its inception was -76.00%, smaller than the maximum KWE3.L drawdown of -98.71%. Use the drawdown chart below to compare losses from any high point for COII.L and KWE3.L.
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Drawdown Indicators
| COII.L | KWE3.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.00% | -98.71% | +22.71% |
Max Drawdown (1Y)Largest decline over 1 year | -74.77% | -78.99% | +4.22% |
Max Drawdown (3Y)Largest decline over 3 years | — | -83.77% | — |
Current DrawdownCurrent decline from peak | -75.01% | -98.61% | +23.60% |
Average DrawdownAverage peak-to-trough decline | -34.14% | -89.91% | +55.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.16% | 44.09% | +5.07% |
Volatility
COII.L vs. KWE3.L - Volatility Comparison
The current volatility for IncomeShares Coinbase (COIN) Options ETP GBP (COII.L) is 16.24%, while Leverage Shares 3x Long China Tech ETC Securities (KWE3.L) has a volatility of 35.43%. This indicates that COII.L experiences smaller price fluctuations and is considered to be less risky than KWE3.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 | KWE3.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.24% | 35.43% | -19.19% |
Volatility (6M)Calculated over the trailing 6-month period | 41.47% | 60.21% | -18.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.26% | 79.43% | -19.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.71% | 134.52% | -75.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.71% | 134.52% | -75.81% |
COII.L vs. KWE3.L - Expense Ratio Comparison
COII.L has a 0.55% expense ratio, which is lower than KWE3.L's 0.75% expense ratio.
Dividends
COII.L vs. KWE3.L - Dividend Comparison
COII.L's dividend yield for the trailing twelve months is around 105.73%, while KWE3.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
COII.L IncomeShares Coinbase (COIN) Options ETP GBP | 105.73% | 191.72% | 18.99% |
KWE3.L Leverage Shares 3x Long China Tech ETC Securities | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
COII.L and KWE3.L have a correlation of 0.29, 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 KWE3.L.
COII.L is categorized as Derivative Income, while KWE3.L is Leveraged Equities. Their fees differ too: 0.55% for COII.L and 0.75% for KWE3.L.
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