3AMD.L vs. 3BID.L
3AMD.L (Leverage Shares 3x AMD ETC GBP) and 3BID.L (Leverage Shares 3x Baidu ETC GBP) are both Leveraged Equities funds from Leverage Shares - 3AMD.L tracks the iSTOXX Leveraged 3x AMD Index while 3BID.L tracks the Solactive Leveraged 3x BIDU Index. Both are passively managed. Over the past 3 years, 3AMD.L returned 51.93%/yr vs -52.55%/yr for 3BID.L. At a 0.27 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3AMD.L vs. 3BID.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3AMD.L achieves a 658.07% return, which is significantly higher than 3BID.L's -26.20% return.
3AMD.L
- 1D
- 11.54%
- 1M
- 184.55%
- YTD
- 658.07%
- 6M
- 604.25%
- 1Y
- 2,384.13%
- 3Y*
- 51.93%
- 5Y*
- —
- 10Y*
- —
3BID.L
- 1D
- -6.48%
- 1M
- 13.20%
- YTD
- -26.20%
- 6M
- -0.83%
- 1Y
- 79.28%
- 3Y*
- -52.55%
- 5Y*
- —
- 10Y*
- —
3AMD.L vs. 3BID.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
3AMD.L Leverage Shares 3x AMD ETC GBP | 658.07% | 53.77% | -76.38% | 448.82% | -97.41% | 265.31% |
3BID.L Leverage Shares 3x Baidu ETC GBP | -26.20% | 54.89% | -80.82% | -49.94% | -88.69% | -67.14% |
Correlation
The correlation between 3AMD.L and 3BID.L is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2021 | 0.27 |
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Return for Risk
3AMD.L vs. 3BID.L — Risk / Return Rank
3AMD.L
3BID.L
3AMD.L vs. 3BID.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x AMD ETC GBP (3AMD.L) and Leverage Shares 3x Baidu ETC GBP (3BID.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.
| 3AMD.L | 3BID.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +11.91 | ||
| Sortino ratioReturn per unit of downside risk | +3.01 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.20 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 30.82 | 1.06 | +29.76 |
| Martin ratioReturn relative to average drawdown | 56.95 | 1.86 | +55.09 |
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
| 3AMD.L | 3BID.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 12.48 | 0.57 | +11.91 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | -0.45 | +0.50 |
Drawdowns
3AMD.L vs. 3BID.L - Drawdown Comparison
The maximum 3AMD.L drawdown since its inception was -99.50%, roughly equal to the maximum 3BID.L drawdown of -99.84%. Use the drawdown chart below to compare losses from any high point for 3AMD.L and 3BID.L.
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Drawdown Indicators
| 3AMD.L | 3BID.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.50% | -99.84% | +0.34% |
Max Drawdown (1Y)Largest decline over 1 year | -76.34% | -74.41% | -1.93% |
Max Drawdown (3Y)Largest decline over 3 years | -97.93% | -96.25% | -1.68% |
Current DrawdownCurrent decline from peak | -71.32% | -99.66% | +28.34% |
Average DrawdownAverage peak-to-trough decline | -84.94% | -91.42% | +6.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.40% | 42.56% | -1.16% |
Volatility
3AMD.L vs. 3BID.L - Volatility Comparison
Leverage Shares 3x AMD ETC GBP (3AMD.L) has a higher volatility of 68.82% compared to Leverage Shares 3x Baidu ETC GBP (3BID.L) at 55.11%. This indicates that 3AMD.L's price experiences larger fluctuations and is considered to be riskier than 3BID.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3AMD.L | 3BID.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 68.82% | 55.11% | +13.71% |
Volatility (6M)Calculated over the trailing 6-month period | 134.33% | 100.08% | +34.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 188.76% | 139.25% | +49.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 158.33% | 147.43% | +10.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 158.33% | 147.43% | +10.90% |
3AMD.L vs. 3BID.L - Expense Ratio Comparison
Both 3AMD.L and 3BID.L have an expense ratio of 0.75%.
Dividends
3AMD.L vs. 3BID.L - Dividend Comparison
Neither 3AMD.L nor 3BID.L has paid dividends to shareholders.
Frequently Asked Questions
3AMD.L and 3BID.L have a correlation of 0.25, 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.
3AMD.L and 3BID.L have the same expense ratio: 0.75% per year.
3AMD.L tracks iSTOXX Leveraged 3x AMD Index, while 3BID.L tracks Solactive Leveraged 3x BIDU Index.
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