3AME.L vs. 3MSE.L
3AME.L (Leverage Shares 3x Amazon ETC EUR) and 3MSE.L (Leverage Shares 3x Microsoft ETP EUR) are both Leveraged Equities funds from Leverage Shares - 3AME.L tracks the iSTOXX Leveraged 3X AMZN Index while 3MSE.L tracks the iSTOXX Leveraged 3X MSFT Index. Both are passively managed. Over the past 3 years, 3AME.L returned 24.51%/yr vs -9.32%/yr for 3MSE.L. A 0.60 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.
Performance
3AME.L vs. 3MSE.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3AME.L achieves a 5.86% return, which is significantly higher than 3MSE.L's -44.05% return.
3AME.L
- 1D
- -11.60%
- 1M
- -21.03%
- YTD
- 5.86%
- 6M
- 3.19%
- 1Y
- 12.00%
- 3Y*
- 24.51%
- 5Y*
- —
- 10Y*
- —
3MSE.L
- 1D
- -10.64%
- 1M
- 7.16%
- YTD
- -44.05%
- 6M
- -43.06%
- 1Y
- -45.21%
- 3Y*
- -9.32%
- 5Y*
- 2.24%
- 10Y*
- —
3AME.L vs. 3MSE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
3AME.L Leverage Shares 3x Amazon ETC EUR | 5.86% | -41.33% | 120.90% | 275.57% | -71.73% |
3MSE.L Leverage Shares 3x Microsoft ETP EUR | -44.05% | -6.09% | 20.99% | 175.47% | -33.36% |
Correlation
The correlation between 3AME.L and 3MSE.L is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2022 | 0.60 |
Over the past year, the correlation between 3AME.L and 3MSE.L has dropped to 0.37 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.
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Return for Risk
3AME.L vs. 3MSE.L — Risk / Return Rank
3AME.L
3MSE.L
3AME.L vs. 3MSE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Amazon ETC EUR (3AME.L) and Leverage Shares 3x Microsoft ETP EUR (3MSE.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.
| 3AME.L | 3MSE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.70 | ||
| Sortino ratioReturn per unit of downside risk | +1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 0.94 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.20 | -0.59 | +0.79 |
| Martin ratioReturn relative to average drawdown | 0.42 | -1.04 | +1.45 |
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
| 3AME.L | 3MSE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.13 | -0.57 | +0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.03 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.10 | 0.02 | +0.08 |
Drawdowns
3AME.L vs. 3MSE.L - Drawdown Comparison
The maximum 3AME.L drawdown since its inception was -86.29%, roughly equal to the maximum 3MSE.L drawdown of -82.27%. Use the drawdown chart below to compare losses from any high point for 3AME.L and 3MSE.L.
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Drawdown Indicators
| 3AME.L | 3MSE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.29% | -82.27% | -4.02% |
Max Drawdown (1Y)Largest decline over 1 year | -59.73% | -76.12% | +16.39% |
Max Drawdown (3Y)Largest decline over 3 years | -73.04% | -76.12% | +3.08% |
Max Drawdown (5Y)Largest decline over 5 years | — | -82.27% | — |
Current DrawdownCurrent decline from peak | -50.39% | -63.40% | +13.01% |
Average DrawdownAverage peak-to-trough decline | -46.24% | -37.77% | -8.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.71% | 43.57% | -14.86% |
Volatility
3AME.L vs. 3MSE.L - Volatility Comparison
The current volatility for Leverage Shares 3x Amazon ETC EUR (3AME.L) is 27.87%, while Leverage Shares 3x Microsoft ETP EUR (3MSE.L) has a volatility of 30.83%. This indicates that 3AME.L experiences smaller price fluctuations and is considered to be less risky than 3MSE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3AME.L | 3MSE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.87% | 30.83% | -2.96% |
Volatility (6M)Calculated over the trailing 6-month period | 69.86% | 75.05% | -5.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 90.48% | 79.14% | +11.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 100.65% | 78.61% | +22.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 100.65% | 80.19% | +20.46% |
3AME.L vs. 3MSE.L - Expense Ratio Comparison
Both 3AME.L and 3MSE.L have an expense ratio of 0.75%.
Dividends
3AME.L vs. 3MSE.L - Dividend Comparison
Neither 3AME.L nor 3MSE.L has paid dividends to shareholders.
Frequently Asked Questions
3AME.L and 3MSE.L have a correlation of 0.37, 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.
3AME.L and 3MSE.L have the same expense ratio: 0.75% per year.
3AME.L tracks iSTOXX Leveraged 3X AMZN Index, while 3MSE.L tracks iSTOXX Leveraged 3X MSFT Index.
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