METI.L vs. 3PLT.L
METI.L (IncomeShares META Options ETP GBP) and 3PLT.L (Leverage Shares 3x Palantir ETP Securities) are both exchange-traded funds - METI.L is a Derivative Income fund actively managed by Leverage Shares, while 3PLT.L is a Leveraged Equities fund tracking the iSTOXX Leveraged 3x PLTR Index. METI.L is actively managed, while 3PLT.L is passively managed. Over the past year, METI.L returned -33.00% vs -82.13% for 3PLT.L. At a 0.33 correlation, their price movements are largely independent. METI.L charges 0.55%/yr vs 0.75%/yr for 3PLT.L.
Performance
METI.L vs. 3PLT.L - Performance Comparison
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Returns By Period
In the year-to-date period, METI.L achieves a -27.60% return, which is significantly higher than 3PLT.L's -85.72% return.
METI.L
- 1D
- 0.00%
- 1M
- -9.59%
- YTD
- -27.60%
- 6M
- -26.84%
- 1Y
- -33.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3PLT.L
- 1D
- 14.58%
- 1M
- -47.42%
- YTD
- -85.72%
- 6M
- -88.51%
- 1Y
- -82.13%
- 3Y*
- -59.90%
- 5Y*
- -77.24%
- 10Y*
- —
METI.L vs. 3PLT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
METI.L IncomeShares META Options ETP GBP | -27.60% | -0.90% | 3.56% |
3PLT.L Leverage Shares 3x Palantir ETP Securities | -85.72% | 154.21% | 338.30% |
Correlation
The correlation between METI.L and 3PLT.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2024 | 0.33 |
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Return for Risk
METI.L vs. 3PLT.L — Risk / Return Rank
METI.L
3PLT.L
METI.L vs. 3PLT.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares META Options ETP GBP (METI.L) and Leverage Shares 3x Palantir ETP Securities (3PLT.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| METI.L | 3PLT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 0.95 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | -0.88 | +0.26 |
| Martin ratioReturn relative to average drawdown | -0.95 | -1.44 | +0.49 |
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Drawdowns
METI.L vs. 3PLT.L - Drawdown Comparison
The maximum METI.L drawdown since its inception was -52.73%, smaller than the maximum 3PLT.L drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for METI.L and 3PLT.L.
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Drawdown Indicators
| METI.L | 3PLT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.73% | -100.00% | +47.27% |
Max Drawdown (1Y)Largest decline over 1 year | -52.73% | -92.86% | +40.13% |
Max Drawdown (3Y)Largest decline over 3 years | — | -99.78% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | -52.73% | -99.95% | +47.22% |
Average DrawdownAverage peak-to-trough decline | -22.63% | -93.42% | +70.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.71% | 57.18% | -22.47% |
Volatility
METI.L vs. 3PLT.L - Volatility Comparison
The current volatility for IncomeShares META Options ETP GBP (METI.L) is 10.42%, while Leverage Shares 3x Palantir ETP Securities (3PLT.L) has a volatility of 56.65%. This indicates that METI.L experiences smaller price fluctuations and is considered to be less risky than 3PLT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| METI.L | 3PLT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.42% | 56.65% | -46.23% |
Volatility (6M)Calculated over the trailing 6-month period | 24.77% | 117.64% | -92.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.42% | 152.31% | -100.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.17% | 200.13% | -155.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.17% | 199.79% | -155.62% |
METI.L vs. 3PLT.L - Expense Ratio Comparison
METI.L has a 0.55% expense ratio, which is lower than 3PLT.L's 0.75% expense ratio.
Dividends
METI.L vs. 3PLT.L - Dividend Comparison
METI.L's dividend yield for the trailing twelve months is around 21.32%, while 3PLT.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
3PLT.L Leverage Shares 3x Palantir ETP Securities | 0.00% | 0.00% | 0.00% |
METI.L IncomeShares META Options ETP GBP | 21.32% | 20.59% | 3.05% |
Frequently Asked Questions
METI.L and 3PLT.L have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, METI.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
METI.L is cheaper with a 0.55% expense ratio, compared with 0.75% for 3PLT.L.
METI.L is categorized as Derivative Income, while 3PLT.L is Leveraged Equities. Their fees differ too: 0.55% for METI.L and 0.75% for 3PLT.L.
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