SPYY.L vs. 3GOE.L
SPYY.L (IncomeShares S&P500 Options (0DTE) ETP) and 3GOE.L (Leverage Shares 3x Alphabet ETP Scs) are both exchange-traded funds - SPYY.L is a Derivative Income fund actively managed by Leverage Shares, while 3GOE.L is a Leveraged Equities fund tracking the iSTOXX Leveraged 3X GOOG Index. SPYY.L is actively managed, while 3GOE.L is passively managed. Over the past year, SPYY.L returned 9.79% vs 475.90% for 3GOE.L. At a 0.45 correlation, their price movements are largely independent. SPYY.L charges 0.45%/yr vs 0.75%/yr for 3GOE.L.
Performance
SPYY.L vs. 3GOE.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPYY.L achieves a -5.84% return, which is significantly lower than 3GOE.L's 18.14% return.
SPYY.L
- 1D
- 0.00%
- 1M
- -2.05%
- YTD
- -5.84%
- 6M
- -5.76%
- 1Y
- 9.79%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3GOE.L
- 1D
- 0.00%
- 1M
- -24.44%
- YTD
- 18.14%
- 6M
- 14.64%
- 1Y
- 475.90%
- 3Y*
- 88.32%
- 5Y*
- 22.06%
- 10Y*
- —
SPYY.L vs. 3GOE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SPYY.L IncomeShares S&P500 Options (0DTE) ETP | -5.84% | 19.98% | -5.55% |
3GOE.L Leverage Shares 3x Alphabet ETP Scs | 18.14% | 133.65% | 55.04% |
Correlation
The correlation between SPYY.L and 3GOE.L is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2024 | 0.45 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SPYY.L vs. 3GOE.L — Risk / Return Rank
SPYY.L
3GOE.L
SPYY.L vs. 3GOE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares S&P500 Options (0DTE) ETP (SPYY.L) and Leverage Shares 3x Alphabet ETP Scs (3GOE.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.
| SPYY.L | 3GOE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.43 | ||
| Sortino ratioReturn per unit of downside risk | -3.11 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.52 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 0.65 | 9.30 | -8.64 |
| Martin ratioReturn relative to average drawdown | 1.98 | 27.48 | -25.49 |
Loading charts...
Drawdowns
SPYY.L vs. 3GOE.L - Drawdown Comparison
The maximum SPYY.L drawdown since its inception was -17.71%, smaller than the maximum 3GOE.L drawdown of -88.62%. Use the drawdown chart below to compare losses from any high point for SPYY.L and 3GOE.L.
Loading charts...
Drawdown Indicators
| SPYY.L | 3GOE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.71% | -88.62% | +70.91% |
Max Drawdown (1Y)Largest decline over 1 year | -14.91% | -51.18% | +36.27% |
Max Drawdown (3Y)Largest decline over 3 years | — | -69.84% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -88.62% | — |
Current DrawdownCurrent decline from peak | -6.87% | -33.57% | +26.70% |
Average DrawdownAverage peak-to-trough decline | -4.66% | -43.18% | +38.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.92% | 17.32% | -12.40% |
Volatility
SPYY.L vs. 3GOE.L - Volatility Comparison
The current volatility for IncomeShares S&P500 Options (0DTE) ETP (SPYY.L) is 3.66%, while Leverage Shares 3x Alphabet ETP Scs (3GOE.L) has a volatility of 36.39%. This indicates that SPYY.L experiences smaller price fluctuations and is considered to be less risky than 3GOE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPYY.L | 3GOE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.66% | 36.39% | -32.73% |
Volatility (6M)Calculated over the trailing 6-month period | 10.11% | 62.31% | -52.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.33% | 91.41% | -79.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.11% | 90.63% | -76.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.11% | 89.06% | -74.95% |
SPYY.L vs. 3GOE.L - Expense Ratio Comparison
SPYY.L has a 0.45% expense ratio, which is lower than 3GOE.L's 0.75% expense ratio.
Dividends
SPYY.L vs. 3GOE.L - Dividend Comparison
SPYY.L's dividend yield for the trailing twelve months is around 39.46%, while 3GOE.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
3GOE.L Leverage Shares 3x Alphabet ETP Scs | 0.00% | 0.00% | 0.00% |
SPYY.L IncomeShares S&P500 Options (0DTE) ETP | 39.46% | 85.69% | 2.84% |
Frequently Asked Questions
SPYY.L and 3GOE.L have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYY.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYY.L is cheaper with a 0.45% expense ratio, compared with 0.75% for 3GOE.L.
SPYY.L is categorized as Derivative Income, while 3GOE.L is Leveraged Equities. Their fees differ too: 0.45% for SPYY.L and 0.75% for 3GOE.L.
Find the right allocation for SPYY.L and 3GOE.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer