3AMZ.L vs. 3MST.L
3AMZ.L (Leverage Shares 3x Amazon ETC) and 3MST.L (Leverage Shares 3x Long MicroStrategy ETP) are both Leveraged Equities funds from Leverage Shares - 3AMZ.L tracks the iSTOXX Leveraged 3X AMZN Index while 3MST.L tracks the Euronext 3x Long MicroStrategy Index. Both are passively managed. Over the past year, 3AMZ.L returned -4.68% vs -58.62% for 3MST.L. At a 0.29 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3AMZ.L vs. 3MST.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3AMZ.L achieves a -6.58% return, which is significantly lower than 3MST.L's 1,116.53% 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*
- —
3MST.L
- 1D
- 0.00%
- 1M
- -82.05%
- YTD
- 1,116.53%
- 6M
- 1,089.46%
- 1Y
- -58.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3AMZ.L vs. 3MST.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
3AMZ.L Leverage Shares 3x Amazon ETC | -6.58% | -38.43% | 47.62% |
3MST.L Leverage Shares 3x Long MicroStrategy ETP | 1,116.53% | -98.41% | 91.45% |
Correlation
The correlation between 3AMZ.L and 3MST.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 (All Time) Calculated using the full available price history since Sep 26, 2024 | 0.29 |
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Return for Risk
3AMZ.L vs. 3MST.L — Risk / Return Rank
3AMZ.L
3MST.L
3AMZ.L vs. 3MST.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 Long MicroStrategy ETP (3MST.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 | 3MST.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -84.41 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 9.89 | -8.80 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | -0.59 | +0.51 |
| Martin ratioReturn relative to average drawdown | -0.16 | -0.78 | +0.63 |
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Drawdowns
3AMZ.L vs. 3MST.L - Drawdown Comparison
The maximum 3AMZ.L drawdown since its inception was -96.67%, roughly equal to the maximum 3MST.L drawdown of -99.93%. Use the drawdown chart below to compare losses from any high point for 3AMZ.L and 3MST.L.
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Drawdown Indicators
| 3AMZ.L | 3MST.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.67% | -99.93% | +3.26% |
Max Drawdown (1Y)Largest decline over 1 year | -60.08% | -99.48% | +39.40% |
Max Drawdown (3Y)Largest decline over 3 years | -71.75% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -96.31% | — | — |
Current DrawdownCurrent decline from peak | -84.57% | -96.66% | +12.09% |
Average DrawdownAverage peak-to-trough decline | -69.67% | -83.35% | +13.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.07% | 75.09% | -45.02% |
Volatility
3AMZ.L vs. 3MST.L - Volatility Comparison
The current volatility for Leverage Shares 3x Amazon ETC (3AMZ.L) is 30.49%, while Leverage Shares 3x Long MicroStrategy ETP (3MST.L) has a volatility of 85.00%. This indicates that 3AMZ.L experiences smaller price fluctuations and is considered to be less risky than 3MST.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 | 3MST.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.49% | 85.00% | -54.51% |
Volatility (6M)Calculated over the trailing 6-month period | 74.39% | 518.03% | -443.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 103.43% | 13,334.98% | -13,231.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 104.19% | 10,112.41% | -10,008.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 102.15% | 10,112.41% | -10,010.26% |
3AMZ.L vs. 3MST.L - Expense Ratio Comparison
Both 3AMZ.L and 3MST.L have an expense ratio of 0.75%.
Dividends
3AMZ.L vs. 3MST.L - Dividend Comparison
Neither 3AMZ.L nor 3MST.L has paid dividends to shareholders.
Frequently Asked Questions
3AMZ.L and 3MST.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.
3AMZ.L and 3MST.L have the same expense ratio: 0.75% per year.
3AMZ.L tracks iSTOXX Leveraged 3X AMZN Index, while 3MST.L tracks Euronext 3x Long MicroStrategy Index.
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