CPXR vs. 3GLE.L

Last updated Apr 1, 2026

Compare and contrast key facts about USCF Daily Target 2X Copper Index ETF (CPXR) and Leverage Shares 3x Long Gold ETP Securities (3GLE.L).

CPXR and 3GLE.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CPXR is a passively managed fund by USCF that tracks the performance of the SummerHaven Copper Index. It was launched on Jan 21, 2025. 3GLE.L is an actively managed fund by Leverage Shares. It was launched on Jun 6, 2022.

Performance

CPXR vs. 3GLE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USCF Daily Target 2X Copper Index ETF (CPXR) and Leverage Shares 3x Long Gold ETP Securities (3GLE.L). The values are adjusted to include any dividend payments, if applicable.

CPXR vs. 3GLE.L - Yearly Performance Comparison

	2026 (YTD)	2025
CPXR USCF Daily Target 2X Copper Index ETF	-6.04%	36.03%
3GLE.L Leverage Shares 3x Long Gold ETP Securities	5.32%	149.26%

Returns By Period

In the year-to-date period, CPXR achieves a -6.04% return, which is significantly lower than 3GLE.L's 5.32% return.

CPXR

• 1D: 4.58%
• 1M: -13.97%
• YTD: -6.04%
• 6M: 22.56%
• 1Y: -5.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

3GLE.L

• 1D: 4.58%
• 1M: -33.25%
• YTD: 5.32%
• 6M: 34.79%
• 1Y: 97.12%
• 3Y*: 70.83%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CPXR vs. 3GLE.L - Expense Ratio Comparison

CPXR has a 1.20% expense ratio, which is higher than 3GLE.L's 0.75% expense ratio.

CPXR

USCF Daily Target 2X Copper Index ETF

3GLE.L

Leverage Shares 3x Long Gold ETP Securities

Return for Risk

CPXR vs. 3GLE.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CPXR

CPXR Risk / Return Rank: 13
CPXR Sharpe Ratio Rank: 10
CPXR Sortino Ratio Rank: 17
CPXR Omega Ratio Rank: 19
CPXR Calmar Ratio Rank: 9
CPXR Martin Ratio Rank: 10

3GLE.L

3GLE.L Risk / Return Rank: 68
3GLE.L Sharpe Ratio Rank: 68
3GLE.L Sortino Ratio Rank: 68
3GLE.L Omega Ratio Rank: 70
3GLE.L Calmar Ratio Rank: 74
3GLE.L Martin Ratio Rank: 61

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CPXR vs. 3GLE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USCF Daily Target 2X Copper Index ETF (CPXR) and Leverage Shares 3x Long Gold ETP Securities (3GLE.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.

	CPXR	3GLE.L	Difference
Sharpe ratio Return per unit of total volatility	-0.07	1.21	-1.28
Sortino ratio Return per unit of downside risk	0.42	1.72	-1.30
Omega ratio Gain probability vs. loss probability	1.07	1.26	-0.19
Calmar ratio Return relative to maximum drawdown	-0.15	1.94	-2.09
Martin ratio Return relative to average drawdown	-0.27	6.14	-6.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CPXR vs. 3GLE.L - Sharpe Ratio Comparison

The current CPXR Sharpe Ratio is -0.07, which is lower than the 3GLE.L Sharpe Ratio of 1.21. The chart below compares the historical Sharpe Ratios of CPXR and 3GLE.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CPXR	3GLE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.07	1.21	-1.28
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	1.02	-0.69

Correlation

The correlation between CPXR and 3GLE.L is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CPXR vs. 3GLE.L - Dividend Comparison

CPXR's dividend yield for the trailing twelve months is around 0.75%, while 3GLE.L has not paid dividends to shareholders.

	TTM	2025
CPXR USCF Daily Target 2X Copper Index ETF	0.75%	0.70%
3GLE.L Leverage Shares 3x Long Gold ETP Securities	0.00%	0.00%

Drawdowns

CPXR vs. 3GLE.L - Drawdown Comparison

The maximum CPXR drawdown since its inception was -47.87%, roughly equal to the maximum 3GLE.L drawdown of -49.48%. Use the drawdown chart below to compare losses from any high point for CPXR and 3GLE.L.

Drawdown Indicators

	CPXR	3GLE.L	Difference
Max Drawdown Largest peak-to-trough decline	-47.87%	-49.48%	+1.61%
Max Drawdown (1Y) Largest decline over 1 year	-47.87%	-49.48%	+1.61%
Current Drawdown Current decline from peak	-22.99%	-40.79%	+17.80%
Average Drawdown Average peak-to-trough decline	-21.15%	-11.73%	-9.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.53%	15.67%	+10.86%

Volatility

CPXR vs. 3GLE.L - Volatility Comparison

The current volatility for USCF Daily Target 2X Copper Index ETF (CPXR) is 18.18%, while Leverage Shares 3x Long Gold ETP Securities (3GLE.L) has a volatility of 34.51%. This indicates that CPXR experiences smaller price fluctuations and is considered to be less risky than 3GLE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CPXR	3GLE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.18%	34.51%	-16.33%
Volatility (6M) Calculated over the trailing 6-month period	44.09%	72.16%	-28.07%
Volatility (1Y) Calculated over the trailing 1-year period	73.45%	79.90%	-6.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.44%	53.20%	+17.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	70.44%	53.20%	+17.24%