KWE3.L vs. COII.L
KWE3.L (Leverage Shares 3x Long China Tech ETC Securities) and COII.L (IncomeShares Coinbase (COIN) Options ETP GBP) are both exchange-traded funds - KWE3.L is a Leveraged Equities fund actively managed by Leverage Shares, while COII.L is a Derivative Income fund actively managed by Leverage Shares. Both are actively managed. Over the past year, KWE3.L returned -59.44% vs -66.14% for COII.L. At a 0.30 correlation, their price movements are largely independent. KWE3.L charges 0.75%/yr vs 0.55%/yr for COII.L.
Performance
KWE3.L vs. COII.L - Performance Comparison
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Different Trading Currencies
KWE3.L is traded in USD, while COII.L is traded in GBp. To make them comparable, the COII.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 -57.87% return, which is significantly lower than COII.L's -44.69% return.
KWE3.L
- 1D
- -1.12%
- 1M
- -18.01%
- YTD
- -57.87%
- 6M
- -62.55%
- 1Y
- -59.44%
- 3Y*
- -34.38%
- 5Y*
- —
- 10Y*
- —
COII.L
- 1D
- -0.66%
- 1M
- -13.21%
- YTD
- -44.69%
- 6M
- -51.80%
- 1Y
- -66.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KWE3.L vs. COII.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
KWE3.L Leverage Shares 3x Long China Tech ETC Securities | -57.87% | 11.50% | -36.17% |
COII.L IncomeShares Coinbase (COIN) Options ETP GBP | -44.69% | -43.29% | 8.09% |
Correlation
The correlation between KWE3.L and COII.L is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2024 | 0.30 |
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Return for Risk
KWE3.L vs. COII.L — Risk / Return Rank
KWE3.L
COII.L
KWE3.L vs. COII.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 IncomeShares Coinbase (COIN) Options ETP GBP (COII.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 | COII.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.89 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 0.77 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | -0.88 | +0.14 |
| Martin ratioReturn relative to average drawdown | -1.33 | -1.35 | +0.01 |
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 | COII.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.74 | -1.09 | +0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.45 | -0.80 | +0.35 |
Drawdowns
KWE3.L vs. COII.L - Drawdown Comparison
The maximum KWE3.L drawdown since its inception was -98.72%, which is greater than COII.L's maximum drawdown of -74.62%. Use the drawdown chart below to compare losses from any high point for KWE3.L and COII.L.
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Drawdown Indicators
| KWE3.L | COII.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.72% | -74.62% | -24.10% |
Max Drawdown (1Y)Largest decline over 1 year | -79.09% | -74.59% | -4.50% |
Max Drawdown (3Y)Largest decline over 3 years | -83.05% | — | — |
Current DrawdownCurrent decline from peak | -98.63% | -73.67% | -24.96% |
Average DrawdownAverage peak-to-trough decline | -90.36% | -32.36% | -58.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.53% | 49.05% | -4.52% |
Volatility
KWE3.L vs. COII.L - Volatility Comparison
Leverage Shares 3x Long China Tech ETC Securities (KWE3.L) has a higher volatility of 36.15% compared to IncomeShares Coinbase (COIN) Options ETP GBP (COII.L) at 15.82%. This indicates that KWE3.L's price experiences larger fluctuations and is considered to be riskier than COII.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 | COII.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 36.15% | 15.82% | +20.33% |
Volatility (6M)Calculated over the trailing 6-month period | 61.19% | 42.22% | +18.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 80.73% | 60.71% | +20.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 136.42% | 59.29% | +77.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 136.42% | 59.29% | +77.13% |
KWE3.L vs. COII.L - Expense Ratio Comparison
KWE3.L has a 0.75% expense ratio, which is higher than COII.L's 0.55% expense ratio.
Dividends
KWE3.L vs. COII.L - Dividend Comparison
KWE3.L has not paid dividends to shareholders, while COII.L's dividend yield for the trailing twelve months is around 105.73%.
| 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
KWE3.L and COII.L have a correlation of 0.31, 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.
KWE3.L is categorized as Leveraged Equities, while COII.L is Derivative Income. Their fees differ too: 0.75% for KWE3.L and 0.55% for COII.L.
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