JD3.L vs. GLDI.L
JD3.L (Leverage Shares 3x JD.Com ETP Securities) and GLDI.L (IncomeShares Gold+ Yield ETP) are both exchange-traded funds - JD3.L is a Leveraged Equities fund tracking the iSTOXX Leveraged 3x JD Index, while GLDI.L is a Derivative Income fund actively managed by Leverage Shares. JD3.L is passively managed, while GLDI.L is actively managed. Over the past year, JD3.L returned -53.45% vs 26.77% for GLDI.L. At a 0.14 correlation, their price movements are largely independent. JD3.L charges 0.75%/yr vs 0.35%/yr for GLDI.L.
Performance
JD3.L vs. GLDI.L - Performance Comparison
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Returns By Period
In the year-to-date period, JD3.L achieves a -3.88% return, which is significantly lower than GLDI.L's -0.81% return.
JD3.L
- 1D
- -1.16%
- 1M
- -10.54%
- YTD
- -3.88%
- 6M
- -16.34%
- 1Y
- -53.45%
- 3Y*
- -57.63%
- 5Y*
- —
- 10Y*
- —
GLDI.L
- 1D
- -0.21%
- 1M
- -2.73%
- YTD
- -0.81%
- 6M
- 0.96%
- 1Y
- 26.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JD3.L vs. GLDI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JD3.L Leverage Shares 3x JD.Com ETP Securities | -3.88% | -69.43% | 41.59% |
GLDI.L IncomeShares Gold+ Yield ETP | -0.81% | 61.04% | 6.19% |
Correlation
The correlation between JD3.L and GLDI.L is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2024 | 0.14 |
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Return for Risk
JD3.L vs. GLDI.L — Risk / Return Rank
JD3.L
GLDI.L
JD3.L vs. GLDI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x JD.Com ETP Securities (JD3.L) and IncomeShares Gold+ Yield ETP (GLDI.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.
| JD3.L | GLDI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.77 | ||
| Sortino ratioReturn per unit of downside risk | -2.08 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.24 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | 1.62 | -2.36 |
| Martin ratioReturn relative to average drawdown | -1.25 | 4.13 | -5.38 |
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
| JD3.L | GLDI.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.54 | 1.23 | -1.77 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.47 | 1.74 | -2.21 |
Drawdowns
JD3.L vs. GLDI.L - Drawdown Comparison
The maximum JD3.L drawdown since its inception was -99.97%, which is greater than GLDI.L's maximum drawdown of -16.47%. Use the drawdown chart below to compare losses from any high point for JD3.L and GLDI.L.
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Drawdown Indicators
| JD3.L | GLDI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.97% | -16.47% | -83.50% |
Max Drawdown (1Y)Largest decline over 1 year | -72.04% | -16.47% | -55.57% |
Max Drawdown (3Y)Largest decline over 3 years | -96.55% | — | — |
Current DrawdownCurrent decline from peak | -99.95% | -15.11% | -84.84% |
Average DrawdownAverage peak-to-trough decline | -88.83% | -3.38% | -85.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.90% | 6.46% | +36.44% |
Volatility
JD3.L vs. GLDI.L - Volatility Comparison
Leverage Shares 3x JD.Com ETP Securities (JD3.L) has a higher volatility of 43.93% compared to IncomeShares Gold+ Yield ETP (GLDI.L) at 4.55%. This indicates that JD3.L's price experiences larger fluctuations and is considered to be riskier than GLDI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JD3.L | GLDI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 43.93% | 4.55% | +39.38% |
Volatility (6M)Calculated over the trailing 6-month period | 71.96% | 18.56% | +53.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 99.26% | 21.67% | +77.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 162.88% | 18.78% | +144.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 162.88% | 18.78% | +144.10% |
JD3.L vs. GLDI.L - Expense Ratio Comparison
JD3.L has a 0.75% expense ratio, which is higher than GLDI.L's 0.35% expense ratio.
Dividends
JD3.L vs. GLDI.L - Dividend Comparison
JD3.L has not paid dividends to shareholders, while GLDI.L's dividend yield for the trailing twelve months is around 12.75%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GLDI.L IncomeShares Gold+ Yield ETP | 12.75% | 9.15% | 1.08% |
JD3.L Leverage Shares 3x JD.Com ETP Securities | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JD3.L and GLDI.L have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLDI.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLDI.L is cheaper with a 0.35% expense ratio, compared with 0.75% for JD3.L.
JD3.L is categorized as Leveraged Equities, while GLDI.L is Derivative Income. Their fees differ too: 0.75% for JD3.L and 0.35% for GLDI.L.
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