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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Leverage Shares 3x Long Semiconductors ETP 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 Semiconductors ETP Securities (SMH3.L) has returned -4.70% so far this year and 232.84% over the past 12 months.
Leverage Shares 3x Long Semiconductors ETP Securities
- 1D
- 4.80%
- 1M
- -27.03%
- YTD
- -4.70%
- 6M
- 18.51%
- 1Y
- 232.84%
- 3Y*
- 72.35%
- 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 10, 2021, SMH3.L's average daily return is +0.24%, while the average monthly return is +4.36%. At this rate, your investment would double in approximately 1.4 years.
Historically, 46% of months were positive and 54% were negative. The best month was Jan 2023 with a return of +53.6%, while the worst month was Jun 2022 at -43.6%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 5 months.
On a daily basis, SMH3.L closed higher 52% of trading days. The best single day was May 25, 2023 with a return of +25.8%, while the worst single day was Jan 27, 2025 at -31.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 39.11% | -6.12% | -27.03% | -4.70% | |||||||||
| 2025 | -2.49% | -25.12% | -31.51% | -15.11% | 49.17% | 50.65% | 11.92% | -2.93% | 35.51% | 32.59% | -13.53% | 8.47% | 74.67% |
| 2024 | 16.11% | 43.10% | 15.34% | -12.32% | 25.36% | 30.93% | -26.16% | -11.23% | -0.25% | -7.97% | -1.49% | 2.16% | 66.99% |
| 2023 | 53.63% | -0.85% | 28.81% | -18.70% | 51.08% | 14.62% | 14.40% | -11.16% | -21.78% | -14.57% | 50.05% | 28.39% | 261.41% |
| 2022 | -39.65% | -3.73% | -1.65% | -38.84% | 0.90% | -43.62% | 43.21% | -27.12% | -32.60% | -5.47% | 38.21% | -18.60% | -85.13% |
| 2021 | 4.53% | 4.53% |
Benchmark Metrics
Leverage Shares 3x Long Semiconductors ETP Securities has an annualized alpha of 32.48%, beta of 3.14, and R² of 0.30 versus S&P 500 Index. Calculated based on daily prices since December 13, 2021.
- This ETF captured 858.25% of S&P 500 Index gains and 245.95% of its losses — amplifying both gains and losses, but participating more in upside than downside.
- R² of 0.30 means the benchmark explains less than half of this ETF's behavior — treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 32.48%
- Beta
- 3.14
- R²
- 0.30
- Upside Capture
- 858.25%
- Downside Capture
- 245.95%
Expense Ratio
SMH3.L has an expense ratio of 0.75%, placing it in the medium range.
Return for Risk
Risk / Return Rank
SMH3.L ranks 92 for risk / return — in the top 92% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Leverage Shares 3x Long Semiconductors ETP Securities (SMH3.L) and compare them to a chosen benchmark (S&P 500 Index).
| SMH3.L | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.42 | 0.90 | +1.52 |
Sortino ratioReturn per unit of downside risk | 2.60 | 1.39 | +1.21 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.21 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 4.94 | 1.40 | +3.54 |
Martin ratioReturn relative to average drawdown | 14.99 | 6.61 | +8.39 |
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 SMH3.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 Semiconductors ETP 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 Semiconductors ETP Securities was 89.37%, occurring on Oct 18, 2022. Recovery took 346 trading sessions.
The current Leverage Shares 3x Long Semiconductors ETP Securities drawdown is 36.34%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -89.37% | Jan 4, 2022 | 199 | Oct 18, 2022 | 346 | Mar 1, 2024 | 545 |
| -84.6% | Jun 20, 2024 | 204 | Apr 7, 2025 | 187 | Jan 5, 2026 | 391 |
| -40.49% | Mar 8, 2024 | 30 | Apr 22, 2024 | 22 | May 23, 2024 | 52 |
| -39.25% | Feb 26, 2026 | 23 | Mar 30, 2026 | — | — | — |
| -22.86% | Jan 29, 2026 | 6 | Feb 5, 2026 | 14 | Feb 25, 2026 | 20 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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