TSLI.L vs. 3GOE.L
TSLI.L (IncomeShares Tesla TSLA Options ETP) and 3GOE.L (Leverage Shares 3x Alphabet ETP Scs) are both exchange-traded funds - TSLI.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. TSLI.L is actively managed, while 3GOE.L is passively managed. Over the past year, TSLI.L returned 3.30% vs 413.66% for 3GOE.L. At a 0.34 correlation, their price movements are largely independent. TSLI.L charges 0.55%/yr vs 0.75%/yr for 3GOE.L.
Performance
TSLI.L vs. 3GOE.L - Performance Comparison
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Returns By Period
In the year-to-date period, TSLI.L achieves a -24.15% return, which is significantly lower than 3GOE.L's 8.67% return.
TSLI.L
- 1D
- 0.00%
- 1M
- -9.66%
- YTD
- -24.15%
- 6M
- -26.27%
- 1Y
- 3.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3GOE.L
- 1D
- 0.00%
- 1M
- -28.74%
- YTD
- 8.67%
- 6M
- 10.08%
- 1Y
- 413.66%
- 3Y*
- 83.21%
- 5Y*
- 21.00%
- 10Y*
- —
TSLI.L vs. 3GOE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TSLI.L IncomeShares Tesla TSLA Options ETP | -24.15% | 15.61% | 25.40% |
3GOE.L Leverage Shares 3x Alphabet ETP Scs | 8.67% | 133.65% | 56.88% |
Correlation
The correlation between TSLI.L and 3GOE.L is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Aug 12, 2024 | 0.34 |
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Return for Risk
TSLI.L vs. 3GOE.L — Risk / Return Rank
TSLI.L
3GOE.L
TSLI.L vs. 3GOE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares Tesla TSLA Options ETP (TSLI.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.
| TSLI.L | 3GOE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.43 | ||
| Sortino ratioReturn per unit of downside risk | -3.58 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.48 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | 0.10 | 8.08 | -7.98 |
| Martin ratioReturn relative to average drawdown | 0.21 | 23.37 | -23.16 |
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Drawdowns
TSLI.L vs. 3GOE.L - Drawdown Comparison
The maximum TSLI.L drawdown since its inception was -41.20%, smaller than the maximum 3GOE.L drawdown of -88.62%. Use the drawdown chart below to compare losses from any high point for TSLI.L and 3GOE.L.
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Drawdown Indicators
| TSLI.L | 3GOE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.20% | -88.62% | +47.42% |
Max Drawdown (1Y)Largest decline over 1 year | -33.69% | -51.18% | +17.49% |
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 | -28.89% | -38.90% | +10.01% |
Average DrawdownAverage peak-to-trough decline | -14.69% | -43.17% | +28.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.01% | 17.70% | -1.69% |
Volatility
TSLI.L vs. 3GOE.L - Volatility Comparison
The current volatility for IncomeShares Tesla TSLA Options ETP (TSLI.L) is 10.79%, while Leverage Shares 3x Alphabet ETP Scs (3GOE.L) has a volatility of 36.84%. This indicates that TSLI.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.
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Volatility by Period
| TSLI.L | 3GOE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.79% | 36.84% | -26.05% |
Volatility (6M)Calculated over the trailing 6-month period | 27.09% | 62.62% | -35.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.06% | 91.80% | -53.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.05% | 90.69% | -46.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.05% | 89.06% | -45.01% |
TSLI.L vs. 3GOE.L - Expense Ratio Comparison
TSLI.L has a 0.55% expense ratio, which is lower than 3GOE.L's 0.75% expense ratio.
Dividends
TSLI.L vs. 3GOE.L - Dividend Comparison
TSLI.L's dividend yield for the trailing twelve months is around 35.17%, 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% |
TSLI.L IncomeShares Tesla TSLA Options ETP | 35.17% | 55.94% | 5.04% |
Frequently Asked Questions
TSLI.L and 3GOE.L have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TSLI.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TSLI.L is cheaper with a 0.55% expense ratio, compared with 0.75% for 3GOE.L.
TSLI.L is categorized as Derivative Income, while 3GOE.L is Leveraged Equities. Their fees differ too: 0.55% for TSLI.L and 0.75% for 3GOE.L.
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