KWE3.L vs. 3BP.L
Compare and contrast key facts about Leverage Shares 3x Long China Tech ETC Securities (KWE3.L) and Leverage Shares 3x BP ETP GBX (3BP.L).
KWE3.L and 3BP.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KWE3.L is an actively managed fund by Leverage Shares. It was launched on Dec 10, 2021. 3BP.L is a passively managed fund by Leverage Shares that tracks the performance of the iSTOXX Leveraged 3x BP Index. It was launched on Mar 15, 2021.
Performance
KWE3.L vs. 3BP.L - Performance Comparison
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KWE3.L vs. 3BP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
KWE3.L Leverage Shares 3x Long China Tech ETC Securities | -48.88% | 11.50% | -22.89% | -61.89% | -87.79% | -17.62% |
3BP.L Leverage Shares 3x BP ETP GBX | 111.16% | 25.64% | -50.82% | -10.77% | 42.43% | 3.94% |
Different Trading Currencies
KWE3.L is traded in USD, while 3BP.L is traded in GBp. To make them comparable, the 3BP.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, KWE3.L achieves a -48.88% return, which is significantly lower than 3BP.L's 111.16% return.
KWE3.L
- 1D
- 4.80%
- 1M
- -21.55%
- YTD
- -48.88%
- 6M
- -71.40%
- 1Y
- -61.53%
- 3Y*
- -42.77%
- 5Y*
- —
- 10Y*
- —
3BP.L
- 1D
- -12.96%
- 1M
- 52.64%
- YTD
- 111.16%
- 6M
- 105.85%
- 1Y
- 86.12%
- 3Y*
- -1.93%
- 5Y*
- 14.64%
- 10Y*
- —
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KWE3.L vs. 3BP.L - Expense Ratio Comparison
Both KWE3.L and 3BP.L have an expense ratio of 0.75%.
Return for Risk
KWE3.L vs. 3BP.L — Risk / Return Rank
KWE3.L
3BP.L
KWE3.L vs. 3BP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long China Tech ETC Securities (KWE3.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.
| KWE3.L | 3BP.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.71 | 0.94 | -1.66 |
Sortino ratioReturn per unit of downside risk | -0.93 | 1.57 | -2.50 |
Omega ratioGain probability vs. loss probability | 0.89 | 1.22 | -0.33 |
Calmar ratioReturn relative to maximum drawdown | -0.82 | 1.71 | -2.53 |
Martin ratioReturn relative to average drawdown | -1.73 | 4.89 | -6.62 |
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
| KWE3.L | 3BP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.71 | 0.94 | -1.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.17 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.45 | 0.10 | -0.55 |
Correlation
The correlation between KWE3.L and 3BP.L is 0.19, 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
KWE3.L vs. 3BP.L - Dividend Comparison
Neither KWE3.L nor 3BP.L has paid dividends to shareholders.
Drawdowns
KWE3.L vs. 3BP.L - Drawdown Comparison
The maximum KWE3.L drawdown since its inception was -98.42%, which is greater than 3BP.L's maximum drawdown of -84.47%. Use the drawdown chart below to compare losses from any high point for KWE3.L and 3BP.L.
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Drawdown Indicators
| KWE3.L | 3BP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.42% | -85.47% | -12.95% |
Max Drawdown (1Y)Largest decline over 1 year | -74.02% | -59.39% | -14.63% |
Max Drawdown (5Y)Largest decline over 5 years | — | -85.47% | — |
Current DrawdownCurrent decline from peak | -98.34% | -35.33% | -63.01% |
Average DrawdownAverage peak-to-trough decline | -90.05% | -43.72% | -46.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.93% | 18.26% | +16.67% |
Volatility
KWE3.L vs. 3BP.L - Volatility Comparison
The current volatility for Leverage Shares 3x Long China Tech ETC Securities (KWE3.L) is 26.88%, while Leverage Shares 3x BP ETP GBX (3BP.L) has a volatility of 35.44%. This indicates that KWE3.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
| KWE3.L | 3BP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.88% | 35.44% | -8.56% |
Volatility (6M)Calculated over the trailing 6-month period | 53.44% | 62.35% | -8.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 86.04% | 90.88% | -4.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 137.43% | 91.34% | +46.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 137.43% | 91.46% | +45.97% |