3AMZ.L vs. 3CRE.L
3AMZ.L (Leverage Shares 3x Amazon ETC) and 3CRE.L (Leverage Shares 3x Salesforce.Com ETP Securities EUR) are both Leveraged Equities funds from Leverage Shares - 3AMZ.L tracks the iSTOXX Leveraged 3X AMZN Index while 3CRE.L tracks the iSTOXX Leveraged 3X CRM Index. Both are passively managed. Over the past 5 years, 3AMZ.L returned -25.55%/yr vs -56.83%/yr for 3CRE.L. At a 0.49 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3AMZ.L vs. 3CRE.L - Performance Comparison
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Different Trading Currencies
3AMZ.L is traded in USD, while 3CRE.L is traded in EUR. To make them comparable, the 3CRE.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 -6.58% return, which is significantly higher than 3CRE.L's -87.46% return.
3AMZ.L
- 1D
- 0.00%
- 1M
- -24.99%
- YTD
- -6.58%
- 6M
- -6.76%
- 1Y
- -4.68%
- 3Y*
- 17.25%
- 5Y*
- -25.55%
- 10Y*
- —
3CRE.L
- 1D
- -8.92%
- 1M
- -47.72%
- YTD
- -87.46%
- 6M
- -87.17%
- 1Y
- -90.37%
- 3Y*
- -58.02%
- 5Y*
- -56.83%
- 10Y*
- —
3AMZ.L vs. 3CRE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
3AMZ.L Leverage Shares 3x Amazon ETC | -6.58% | -38.43% | 110.82% | 268.28% | -94.30% | -10.77% | 70.75% |
3CRE.L Leverage Shares 3x Salesforce.Com ETP Securities EUR | -87.46% | -69.81% | 14.05% | 471.70% | -93.99% | 15.56% | 46.47% |
Correlation
The correlation between 3AMZ.L and 3CRE.L is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.49 |
Over the past year, the correlation between 3AMZ.L and 3CRE.L has dropped to 0.29 - well below their long-term average of 0.49, suggesting their price drivers have been diverging.
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Return for Risk
3AMZ.L vs. 3CRE.L — Risk / Return Rank
3AMZ.L
3CRE.L
3AMZ.L vs. 3CRE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Amazon ETC (3AMZ.L) and Leverage Shares 3x Salesforce.Com ETP Securities EUR (3CRE.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| 3AMZ.L | 3CRE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +2.53 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 0.78 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | -0.99 | +0.91 |
| Martin ratioReturn relative to average drawdown | -0.16 | -1.57 | +1.41 |
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Drawdowns
3AMZ.L vs. 3CRE.L - Drawdown Comparison
The maximum 3AMZ.L drawdown since its inception was -96.67%, roughly equal to the maximum 3CRE.L drawdown of -99.27%. Use the drawdown chart below to compare losses from any high point for 3AMZ.L and 3CRE.L.
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Drawdown Indicators
| 3AMZ.L | 3CRE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.67% | -99.27% | +2.60% |
Max Drawdown (1Y)Largest decline over 1 year | -60.08% | -91.18% | +31.10% |
Max Drawdown (3Y)Largest decline over 3 years | -71.75% | -97.43% | +25.68% |
Max Drawdown (5Y)Largest decline over 5 years | -96.31% | -99.27% | +2.96% |
Current DrawdownCurrent decline from peak | -84.57% | -99.24% | +14.67% |
Average DrawdownAverage peak-to-trough decline | -69.67% | -74.69% | +5.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.07% | 57.77% | -27.70% |
Volatility
3AMZ.L vs. 3CRE.L - Volatility Comparison
The current volatility for Leverage Shares 3x Amazon ETC (3AMZ.L) is 30.49%, while Leverage Shares 3x Salesforce.Com ETP Securities EUR (3CRE.L) has a volatility of 51.35%. This indicates that 3AMZ.L experiences smaller price fluctuations and is considered to be less risky than 3CRE.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 | 3CRE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.49% | 51.35% | -20.86% |
Volatility (6M)Calculated over the trailing 6-month period | 74.39% | 101.15% | -26.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 103.43% | 115.68% | -12.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 104.19% | 107.65% | -3.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 102.15% | 109.98% | -7.83% |
3AMZ.L vs. 3CRE.L - Expense Ratio Comparison
Both 3AMZ.L and 3CRE.L have an expense ratio of 0.75%.
Dividends
3AMZ.L vs. 3CRE.L - Dividend Comparison
Neither 3AMZ.L nor 3CRE.L has paid dividends to shareholders.
Frequently Asked Questions
3AMZ.L and 3CRE.L have a correlation of 0.29, 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.
3AMZ.L and 3CRE.L have the same expense ratio: 0.75% per year.
3AMZ.L tracks iSTOXX Leveraged 3X AMZN Index, while 3CRE.L tracks iSTOXX Leveraged 3X CRM Index.
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