METY.L vs. 3NIE.L
METY.L (IncomeShares META Options ETP) and 3NIE.L (Leverage Shares 3x Long NIO ETP Securities) are both exchange-traded funds - METY.L is a Derivative Income fund actively managed by Leverage Shares, while 3NIE.L is a Leveraged Equities fund tracking the iSTOXX Leveraged 3x NIO Index. METY.L is actively managed, while 3NIE.L is passively managed. At a 0.14 correlation, their price movements are largely independent. METY.L charges 0.55%/yr vs 0.75%/yr for 3NIE.L.
Performance
METY.L vs. 3NIE.L - Performance Comparison
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Returns By Period
In the year-to-date period, METY.L achieves a -18.12% return, which is significantly higher than 3NIE.L's -29.41% return.
METY.L
- 1D
- 3.19%
- 1M
- 6.11%
- YTD
- -18.12%
- 6M
- -16.59%
- 1Y
- -23.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3NIE.L
- 1D
- -2.04%
- 1M
- -22.58%
- YTD
- -29.41%
- 6M
- -14.29%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
METY.L vs. 3NIE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
METY.L IncomeShares META Options ETP | -18.12% | 6.44% |
3NIE.L Leverage Shares 3x Long NIO ETP Securities | -29.41% | -21.24% |
Correlation
The correlation between METY.L and 3NIE.L is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 26, 2025 | 0.14 |
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Return for Risk
METY.L vs. 3NIE.L — Risk / Return Rank
METY.L
3NIE.L
METY.L vs. 3NIE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares META Options ETP (METY.L) and Leverage Shares 3x Long NIO ETP Securities (3NIE.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.
| METY.L | 3NIE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.87 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | — | — |
| Martin ratioReturn relative to average drawdown | -1.10 | — | — |
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
| METY.L | 3NIE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.79 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.18 | -0.39 | +0.21 |
Drawdowns
METY.L vs. 3NIE.L - Drawdown Comparison
The maximum METY.L drawdown since its inception was -39.94%, smaller than the maximum 3NIE.L drawdown of -60.65%. Use the drawdown chart below to compare losses from any high point for METY.L and 3NIE.L.
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Drawdown Indicators
| METY.L | 3NIE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.94% | -60.65% | +20.71% |
Max Drawdown (1Y)Largest decline over 1 year | -39.94% | — | — |
Current DrawdownCurrent decline from peak | -32.46% | -49.83% | +17.37% |
Average DrawdownAverage peak-to-trough decline | -14.37% | -36.22% | +21.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.02% | — | — |
Volatility
METY.L vs. 3NIE.L - Volatility Comparison
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Volatility by Period
| METY.L | 3NIE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.07% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 22.68% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 29.19% | 175.21% | -146.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.39% | 175.21% | -144.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.39% | 175.21% | -144.82% |
METY.L vs. 3NIE.L - Expense Ratio Comparison
METY.L has a 0.55% expense ratio, which is lower than 3NIE.L's 0.75% expense ratio.
Dividends
METY.L vs. 3NIE.L - Dividend Comparison
METY.L's dividend yield for the trailing twelve months is around 18.81%, while 3NIE.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
3NIE.L Leverage Shares 3x Long NIO ETP Securities | 0.00% | 0.00% | 0.00% |
METY.L IncomeShares META Options ETP | 18.81% | 19.94% | 3.15% |
Frequently Asked Questions
METY.L and 3NIE.L have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, METY.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
METY.L is cheaper with a 0.55% expense ratio, compared with 0.75% for 3NIE.L.
METY.L is categorized as Derivative Income, while 3NIE.L is Leveraged Equities. Their fees differ too: 0.55% for METY.L and 0.75% for 3NIE.L.
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