3AMZ.L vs. MRN3.L
3AMZ.L (Leverage Shares 3x Amazon ETC) and MRN3.L (Leverage Shares 3x Long Moderna (MRNA) ETP Securities) are both Leveraged Equities funds from Leverage Shares - 3AMZ.L tracks the iSTOXX Leveraged 3X AMZN Index while MRN3.L tracks the iSTOXX Leveraged 3x MRNA Index. Both are passively managed. Over the past 3 years, 3AMZ.L returned 26.19%/yr vs -91.30%/yr for MRN3.L. At a 0.16 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3AMZ.L vs. MRN3.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3AMZ.L achieves a 10.09% return, which is significantly lower than MRN3.L's 156.89% 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*
- —
MRN3.L
- 1D
- 26.04%
- 1M
- 21.33%
- YTD
- 156.89%
- 6M
- 287.40%
- 1Y
- 64.51%
- 3Y*
- -91.30%
- 5Y*
- —
- 10Y*
- —
3AMZ.L vs. MRN3.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
3AMZ.L Leverage Shares 3x Amazon ETC | 10.09% | -38.43% | 110.82% | 268.28% | -94.30% | 2.92% |
MRN3.L Leverage Shares 3x Long Moderna (MRNA) ETP Securities | 156.89% | -93.67% | -98.51% | -92.76% | -92.21% | -36.68% |
Correlation
The correlation between 3AMZ.L and MRN3.L is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2021 | 0.16 |
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Return for Risk
3AMZ.L vs. MRN3.L — Risk / Return Rank
3AMZ.L
MRN3.L
3AMZ.L vs. MRN3.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 Moderna (MRNA) ETP Securities (MRN3.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 | MRN3.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.24 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | 0.79 | -0.41 |
| Martin ratioReturn relative to average drawdown | 0.78 | 1.25 | -0.46 |
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 | MRN3.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.22 | 0.30 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.19 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.12 | -0.43 | +0.31 |
Drawdowns
3AMZ.L vs. MRN3.L - Drawdown Comparison
The maximum 3AMZ.L drawdown since its inception was -96.67%, roughly equal to the maximum MRN3.L drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for 3AMZ.L and MRN3.L.
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Drawdown Indicators
| 3AMZ.L | MRN3.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.67% | -100.00% | +3.33% |
Max Drawdown (1Y)Largest decline over 1 year | -60.08% | -81.28% | +21.20% |
Max Drawdown (3Y)Largest decline over 3 years | -71.75% | -99.99% | +28.24% |
Max Drawdown (5Y)Largest decline over 5 years | -96.31% | — | — |
Current DrawdownCurrent decline from peak | -81.82% | -100.00% | +18.18% |
Average DrawdownAverage peak-to-trough decline | -69.77% | -97.63% | +27.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.01% | 51.56% | -22.55% |
Volatility
3AMZ.L vs. MRN3.L - Volatility Comparison
The current volatility for Leverage Shares 3x Amazon ETC (3AMZ.L) is 28.35%, while Leverage Shares 3x Long Moderna (MRNA) ETP Securities (MRN3.L) has a volatility of 57.82%. This indicates that 3AMZ.L experiences smaller price fluctuations and is considered to be less risky than MRN3.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 | MRN3.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.35% | 57.82% | -29.47% |
Volatility (6M)Calculated over the trailing 6-month period | 70.97% | 163.07% | -92.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 101.35% | 210.95% | -109.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 106.43% | 221.82% | -115.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 104.76% | 221.82% | -117.06% |
3AMZ.L vs. MRN3.L - Expense Ratio Comparison
Both 3AMZ.L and MRN3.L have an expense ratio of 0.75%.
Dividends
3AMZ.L vs. MRN3.L - Dividend Comparison
Neither 3AMZ.L nor MRN3.L has paid dividends to shareholders.
Frequently Asked Questions
3AMZ.L and MRN3.L have a correlation of 0.12, 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 MRN3.L have the same expense ratio: 0.75% per year.
3AMZ.L tracks iSTOXX Leveraged 3X AMZN Index, while MRN3.L tracks iSTOXX Leveraged 3x MRNA Index.
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