3AMZ.L vs. 3BAL.L
3AMZ.L (Leverage Shares 3x Amazon ETC) and 3BAL.L (WisdomTree EURO STOXX Banks 3x Daily Leveraged) are both Leveraged Equities funds - 3AMZ.L tracks the iSTOXX Leveraged 3X AMZN Index while 3BAL.L tracks the EURO STOXX Banks Daily Leverage 3 EUR Net Return Index. Both are passively managed. Over the past 5 years, 3AMZ.L returned -20.24%/yr vs 58.02%/yr for 3BAL.L. At a 0.22 correlation, their price movements are largely independent. 3AMZ.L charges 0.75%/yr vs 0.89%/yr for 3BAL.L.
Performance
3AMZ.L vs. 3BAL.L - Performance Comparison
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Different Trading Currencies
3AMZ.L is traded in USD, while 3BAL.L is traded in GBp. To make them comparable, the 3BAL.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, 3AMZ.L achieves a 10.09% return, which is significantly higher than 3BAL.L's -1.80% return.
3AMZ.L
- 1D
- 5.83%
- 1M
- -23.12%
- YTD
- 10.09%
- 6M
- 13.62%
- 1Y
- 22.78%
- 3Y*
- 26.19%
- 5Y*
- -20.24%
- 10Y*
- —
3BAL.L
- 1D
- -4.61%
- 1M
- 13.51%
- YTD
- -1.80%
- 6M
- 17.27%
- 1Y
- 114.02%
- 3Y*
- 138.90%
- 5Y*
- 58.02%
- 10Y*
- —
3AMZ.L vs. 3BAL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
3AMZ.L Leverage Shares 3x Amazon ETC | 10.09% | -38.43% | 110.82% | 268.28% | -94.30% | -10.77% | 70.75% |
3BAL.L WisdomTree EURO STOXX Banks 3x Daily Leveraged | -1.80% | 473.30% | 65.27% | 72.49% | -32.93% | 106.38% | 24.66% |
Correlation
The correlation between 3AMZ.L and 3BAL.L is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2020 | 0.22 |
The correlation between 3AMZ.L and 3BAL.L shifts across timeframes, from 0.22 (all time) to 0.35 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
3AMZ.L vs. 3BAL.L — Risk / Return Rank
3AMZ.L
3BAL.L
3AMZ.L vs. 3BAL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Amazon ETC (3AMZ.L) and WisdomTree EURO STOXX Banks 3x Daily Leveraged (3BAL.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.
| 3AMZ.L | 3BAL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.33 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.26 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | 2.33 | -1.96 |
| Martin ratioReturn relative to average drawdown | 0.78 | 6.24 | -5.46 |
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
| 3AMZ.L | 3BAL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.22 | 1.56 | -1.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.19 | 0.75 | -0.94 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.12 | 0.10 | -0.22 |
Drawdowns
3AMZ.L vs. 3BAL.L - Drawdown Comparison
The maximum 3AMZ.L drawdown since its inception was -96.67%, roughly equal to the maximum 3BAL.L drawdown of -97.97%. Use the drawdown chart below to compare losses from any high point for 3AMZ.L and 3BAL.L.
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Drawdown Indicators
| 3AMZ.L | 3BAL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.67% | -97.97% | +1.30% |
Max Drawdown (1Y)Largest decline over 1 year | -60.08% | -46.85% | -13.23% |
Max Drawdown (3Y)Largest decline over 3 years | -71.75% | -51.40% | -20.35% |
Max Drawdown (5Y)Largest decline over 5 years | -96.31% | -80.76% | -15.55% |
Current DrawdownCurrent decline from peak | -81.82% | -20.34% | -61.48% |
Average DrawdownAverage peak-to-trough decline | -69.77% | -67.67% | -2.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.01% | 17.54% | +11.47% |
Volatility
3AMZ.L vs. 3BAL.L - Volatility Comparison
Leverage Shares 3x Amazon ETC (3AMZ.L) has a higher volatility of 28.35% compared to WisdomTree EURO STOXX Banks 3x Daily Leveraged (3BAL.L) at 19.40%. This indicates that 3AMZ.L's price experiences larger fluctuations and is considered to be riskier than 3BAL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3AMZ.L | 3BAL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.35% | 19.40% | +8.95% |
Volatility (6M)Calculated over the trailing 6-month period | 70.97% | 55.76% | +15.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 101.35% | 70.23% | +31.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 106.43% | 77.29% | +29.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 104.76% | 84.82% | +19.94% |
3AMZ.L vs. 3BAL.L - Expense Ratio Comparison
3AMZ.L has a 0.75% expense ratio, which is lower than 3BAL.L's 0.89% expense ratio.
Dividends
3AMZ.L vs. 3BAL.L - Dividend Comparison
Neither 3AMZ.L nor 3BAL.L has paid dividends to shareholders.
Frequently Asked Questions
3AMZ.L and 3BAL.L have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 3AMZ.L is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
3AMZ.L is cheaper with a 0.75% expense ratio, compared with 0.89% for 3BAL.L.
3AMZ.L tracks iSTOXX Leveraged 3X AMZN Index, while 3BAL.L tracks EURO STOXX Banks Daily Leverage 3 EUR Net Return Index. They also come from different issuers: Leverage Shares and WisdomTree. Their fees differ too: 0.75% for 3AMZ.L and 0.89% for 3BAL.L.
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