TDAX vs. 3BP.L

Last updated Apr 2, 2026

Compare and contrast key facts about TDAQ Lift ETF (TDAX) and Leverage Shares 3x BP ETP GBX (3BP.L).

TDAX 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. TDAX is an actively managed fund by TappAlpha. It was launched on Jan 7, 2026. 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

TDAX vs. 3BP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TDAQ Lift ETF (TDAX) and Leverage Shares 3x BP ETP GBX (3BP.L). The values are adjusted to include any dividend payments, if applicable.

TDAX vs. 3BP.L - Yearly Performance Comparison

	2026 (YTD)
TDAX TDAQ Lift ETF	-8.66%
3BP.L Leverage Shares 3x BP ETP GBX	168.69%

Different Trading Currencies

TDAX 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

TDAX

• 1D: 2.51%
• 1M: -5.10%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

3BP.L

• 1D: 4.64%
• 1M: 85.96%
• YTD: 142.87%
• 6M: 141.12%
• 1Y: 109.91%
• 3Y*: 2.75%
• 5Y*: 17.89%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TDAX vs. 3BP.L - Expense Ratio Comparison

TDAX has a 0.98% expense ratio, which is higher than 3BP.L's 0.75% expense ratio.

TDAX

TDAQ Lift ETF

3BP.L

Leverage Shares 3x BP ETP GBX

Return for Risk

TDAX vs. 3BP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

3BP.L

3BP.L Risk / Return Rank: 62
3BP.L Sharpe Ratio Rank: 65
3BP.L Sortino Ratio Rank: 67
3BP.L Omega Ratio Rank: 66
3BP.L Calmar Ratio Rank: 70
3BP.L Martin Ratio Rank: 43

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TDAX vs. 3BP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TDAQ Lift ETF (TDAX) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	TDAX	3BP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.22	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.21	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.34	0.14	-1.48

Correlation

The correlation between TDAX and 3BP.L is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

TDAX vs. 3BP.L - Dividend Comparison

TDAX's dividend yield for the trailing twelve months is around 5.53%, while 3BP.L has not paid dividends to shareholders.

	TTM
TDAX TDAQ Lift ETF	5.53%
3BP.L Leverage Shares 3x BP ETP GBX	0.00%

Drawdowns

TDAX vs. 3BP.L - Drawdown Comparison

The maximum TDAX drawdown since its inception was -14.69%, smaller than the maximum 3BP.L drawdown of -84.47%. Use the drawdown chart below to compare losses from any high point for TDAX and 3BP.L.

Drawdown Indicators

	TDAX	3BP.L	Difference
Max Drawdown Largest peak-to-trough decline	-14.69%	-85.47%	+70.78%
Max Drawdown (1Y) Largest decline over 1 year	—	-59.39%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-85.47%	—
Current Drawdown Current decline from peak	-9.43%	-25.21%	+15.78%
Average Drawdown Average peak-to-trough decline	-5.19%	-43.73%	+38.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	26.24%	—

Volatility

Volatility by Period

	TDAX	3BP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	31.38%	—
Volatility (6M) Calculated over the trailing 6-month period	—	60.87%	—
Volatility (1Y) Calculated over the trailing 1-year period	24.58%	89.89%	-65.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.58%	91.23%	-66.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.58%	91.30%	-66.72%