2MSF.L vs. 3AMD.L
2MSF.L (Leverage Shares 2x Microsoft ETC A GBP) and 3AMD.L (Leverage Shares 3x AMD ETC GBP) are both Leveraged Equities funds from Leverage Shares - 2MSF.L tracks the NYSE Leveraged 2x MSFT Index while 3AMD.L tracks the iSTOXX Leveraged 3x AMD Index. Both are passively managed. Over the past 3 years, 2MSF.L returned 0.32%/yr vs 50.58%/yr for 3AMD.L. At a 0.44 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
2MSF.L vs. 3AMD.L - Performance Comparison
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Returns By Period
In the year-to-date period, 2MSF.L achieves a -27.61% return, which is significantly lower than 3AMD.L's 618.51% return.
2MSF.L
- 1D
- 2.03%
- 1M
- 9.24%
- YTD
- -27.61%
- 6M
- -26.03%
- 1Y
- -25.08%
- 3Y*
- 0.32%
- 5Y*
- 10.56%
- 10Y*
- —
3AMD.L
- 1D
- -5.22%
- 1M
- 179.82%
- YTD
- 618.51%
- 6M
- 551.86%
- 1Y
- 2,205.70%
- 3Y*
- 50.58%
- 5Y*
- —
- 10Y*
- —
2MSF.L vs. 3AMD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
2MSF.L Leverage Shares 2x Microsoft ETC A GBP | -27.61% | 4.50% | 17.75% | 106.56% | -51.52% | 60.71% |
3AMD.L Leverage Shares 3x AMD ETC GBP | 618.51% | 53.77% | -76.38% | 448.82% | -97.41% | 265.31% |
Correlation
The correlation between 2MSF.L and 3AMD.L is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2021 | 0.44 |
Over the past year, the correlation between 2MSF.L and 3AMD.L has dropped to 0.21 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.
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Return for Risk
2MSF.L vs. 3AMD.L — Risk / Return Rank
2MSF.L
3AMD.L
2MSF.L vs. 3AMD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2x Microsoft ETC A GBP (2MSF.L) and Leverage Shares 3x AMD ETC GBP (3AMD.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.
| 2MSF.L | 3AMD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -11.91 | ||
| Sortino ratioReturn per unit of downside risk | -4.86 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.60 | -0.62 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 28.52 | -28.89 |
| Martin ratioReturn relative to average drawdown | -0.63 | 52.70 | -53.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 2MSF.L | 3AMD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.38 | 11.54 | -11.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.04 | +0.51 |
Drawdowns
2MSF.L vs. 3AMD.L - Drawdown Comparison
The maximum 2MSF.L drawdown since its inception was -66.77%, smaller than the maximum 3AMD.L drawdown of -99.50%. Use the drawdown chart below to compare losses from any high point for 2MSF.L and 3AMD.L.
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Drawdown Indicators
| 2MSF.L | 3AMD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.77% | -99.50% | +32.73% |
Max Drawdown (1Y)Largest decline over 1 year | -66.77% | -76.34% | +9.57% |
Max Drawdown (3Y)Largest decline over 3 years | -66.77% | -97.93% | +31.16% |
Max Drawdown (5Y)Largest decline over 5 years | -66.77% | — | — |
Current DrawdownCurrent decline from peak | -54.46% | -72.82% | +18.36% |
Average DrawdownAverage peak-to-trough decline | -18.72% | -84.93% | +66.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.60% | 41.40% | -1.80% |
Volatility
2MSF.L vs. 3AMD.L - Volatility Comparison
The current volatility for Leverage Shares 2x Microsoft ETC A GBP (2MSF.L) is 20.94%, while Leverage Shares 3x AMD ETC GBP (3AMD.L) has a volatility of 69.06%. This indicates that 2MSF.L experiences smaller price fluctuations and is considered to be less risky than 3AMD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 2MSF.L | 3AMD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.94% | 69.06% | -48.12% |
Volatility (6M)Calculated over the trailing 6-month period | 48.79% | 134.49% | -85.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.44% | 188.70% | -122.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.38% | 158.29% | -104.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.69% | 158.29% | -105.60% |
2MSF.L vs. 3AMD.L - Expense Ratio Comparison
Both 2MSF.L and 3AMD.L have an expense ratio of 0.75%.
Dividends
2MSF.L vs. 3AMD.L - Dividend Comparison
Neither 2MSF.L nor 3AMD.L has paid dividends to shareholders.
Frequently Asked Questions
2MSF.L and 3AMD.L have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
2MSF.L and 3AMD.L have the same expense ratio: 0.75% per year.
2MSF.L tracks NYSE Leveraged 2x MSFT Index, while 3AMD.L tracks iSTOXX Leveraged 3x AMD Index.
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