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Leverage Shares 3x Long Semiconductors ETP Securities (SMH3.L) Sharpe Ratio: 10.57

ETF · Currency in USD · Last updated Jun 4, 2026

The Leverage Shares 3x Long Semiconductors ETP seeks to provide 3x the daily return of the VanEck Vectors Semiconductor ETF by investing directly in the ETF and using margin to leverage the position.

SMH3.L's Sharpe Ratio of 10.57 indicates that for each unit of volatility, it generates 10.57 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 4, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

SMH3.L Sharpe Ratio Rank

SMH3.L Sharpe Ratio Rank: 99.499
Exceptional

SMH3.L ranks above 99.4% of all investments in our database based on Sharpe Ratio over the past 12 months, demonstrating exceptional risk-adjusted returns. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Suitable as a core holding given strong risk-adjusted returns
  • Monitor rank changes to detect deteriorating return-to-volatility profile
  • Exceptional Sharpe ratio supports larger position sizes
  • Compare with category peers to assess whether strength is investment-specific or category-wide

SMH3.L Sharpe Ratio Market Positioning

The chart shows SMH3.L's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.88 or lower
  • Yellow zone (middle 50%): 0.88 to 2.44
  • Green zone (top 25%): 2.44 or higher
  • Top 1%: 7.88+
  • Median: 1.71 — half of all investments score higher

How it compares to other similar ETFs

The table compares Leverage Shares 3x Long Semiconductors ETP Securities's Sharpe Ratio with other ETFs in the Leveraged Equities, Semiconductors category across multiple time periods, showing how SMH3.L's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 4, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
2MU.LLeverage Shares 2x Micron Technology ETC GBP50.34
SOXL.LLeverage Shares 4x Long Semiconductors ETP Securities19.17
3KOR.LLeverage Shares 3x Long South Korea ETP Securities16.08
3AMD.LLeverage Shares 3x AMD ETC GBP12.36
AMD3.LLeverage Shares 3x AMD ETP Securities12.22
SMH3.LLeverage Shares 3x Long Semiconductors ETP Securities10.57
2AMD.LLeverage Shares 2x Advanced Micro Devices ETC GBP9.26
3GOO.LLeverage Shares 3x Alphabet ETC GBP6.98
3GOE.LLeverage Shares 3x Alphabet ETP Scs6.49
HNSS.LHSBC Nasdaq Global Semiconductor UCITS ETF6.48

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows SMH3.L's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when SMH3.L consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

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