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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Leverage Shares 3x Long China Tech ETC Securities, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
Leverage Shares 3x Long China Tech ETC Securities (KWE3.L) has returned -51.22% so far this year and -61.79% over the past 12 months.
Leverage Shares 3x Long China Tech ETC Securities
- 1D
- -0.65%
- 1M
- -31.31%
- YTD
- -51.22%
- 6M
- -72.09%
- 1Y
- -61.79%
- 3Y*
- -43.66%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Dec 16, 2021, KWE3.L's average daily return is -0.02%, while the average monthly return is -1.63%.
Historically, 44% of months were positive and 56% were negative. The best month was Nov 2022 with a return of +156.4%, while the worst month was Oct 2022 at -63.9%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 6 months.
On a daily basis, KWE3.L closed higher 46% of trading days. The best single day was Mar 16, 2022 with a return of +98.7%, while the worst single day was Oct 25, 2022 at -38.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.98% | -34.24% | -31.31% | -51.22% | |||||||||
| 2025 | 24.51% | 12.78% | 1.36% | -29.06% | 4.41% | 9.42% | 8.74% | 19.39% | 30.10% | -17.05% | -19.45% | -14.35% | 11.50% |
| 2024 | -34.21% | 19.68% | 8.64% | 17.28% | 3.79% | -20.10% | -9.57% | -12.96% | 130.67% | -29.62% | -17.51% | -12.07% | -22.89% |
| 2023 | 23.33% | -37.15% | 15.31% | -32.24% | -37.12% | 28.27% | 55.31% | -30.03% | -15.96% | -21.40% | 24.16% | -12.48% | -61.89% |
| 2022 | -3.90% | -24.66% | -61.18% | -13.98% | -5.73% | 19.27% | -35.27% | 8.77% | -44.43% | -63.94% | 156.43% | 24.17% | -87.79% |
| 2021 | -17.62% | -17.62% |
Benchmark Metrics
Leverage Shares 3x Long China Tech ETC Securities has an annualized alpha of -21.10%, beta of 1.88, and R² of 0.06 versus S&P 500 Index. Calculated based on daily prices since December 17, 2021.
- This ETF participated in 220.82% of S&P 500 Index downside but only -57.07% of its upside — more exposed to losses than it benefited from rallies.
- R² of 0.06 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -21.10%
- Beta
- 1.88
- R²
- 0.06
- Upside Capture
- -57.07%
- Downside Capture
- 220.82%
Expense Ratio
KWE3.L has an expense ratio of 0.75%, placing it in the medium range.
Return for Risk
Risk / Return Rank
KWE3.L ranks 1 for risk / return — in the bottom 1% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Leverage Shares 3x Long China Tech ETC Securities (KWE3.L) and compare them to a chosen benchmark (S&P 500 Index).
| KWE3.L | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.72 | 0.90 | -1.61 |
Sortino ratioReturn per unit of downside risk | -0.94 | 1.39 | -2.32 |
Omega ratioGain probability vs. loss probability | 0.89 | 1.21 | -0.32 |
Calmar ratioReturn relative to maximum drawdown | -0.86 | 1.40 | -2.25 |
Martin ratioReturn relative to average drawdown | -1.80 | 6.61 | -8.41 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore KWE3.L risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Leverage Shares 3x Long China Tech ETC Securities. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Leverage Shares 3x Long China Tech ETC Securities was 98.42%, occurring on Mar 31, 2026. The portfolio has not yet recovered.
The current Leverage Shares 3x Long China Tech ETC Securities drawdown is 98.42%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -98.42% | Jan 21, 2022 | 1057 | Mar 31, 2026 | — | — | — |
| -40.65% | Dec 17, 2021 | 7 | Dec 29, 2021 | 9 | Jan 12, 2022 | 16 |
| -16.01% | Jan 13, 2022 | 2 | Jan 14, 2022 | 4 | Jan 20, 2022 | 6 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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