3ARE.L vs. 3SPY.L

Last updated Apr 2, 2026

Compare and contrast key facts about Leverage Shares 3x Long ARK Innovation ETC EUR (3ARE.L) and Leverage Shares 3x Long US 500 ETP Securities (3SPY.L).

3ARE.L and 3SPY.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 3ARE.L is an actively managed fund by Leverage Shares. It was launched on Dec 10, 2021. 3SPY.L is an actively managed fund by Leverage Shares. It was launched on Jun 6, 2022.

Performance

3ARE.L vs. 3SPY.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Leverage Shares 3x Long ARK Innovation ETC EUR (3ARE.L) and Leverage Shares 3x Long US 500 ETP Securities (3SPY.L). The values are adjusted to include any dividend payments, if applicable.

3ARE.L vs. 3SPY.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
3ARE.L Leverage Shares 3x Long ARK Innovation ETC EUR	-39.85%	-2.23%	-24.41%	184.23%	-83.12%
3SPY.L Leverage Shares 3x Long US 500 ETP Securities	-14.08%	-0.95%	74.55%	53.49%	-41.55%

Different Trading Currencies

3ARE.L is traded in EUR, while 3SPY.L is traded in USD. To make them comparable, the 3SPY.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, 3ARE.L achieves a -39.85% return, which is significantly lower than 3SPY.L's -14.08% return.

3ARE.L

• 1D: 14.33%
• 1M: -19.88%
• YTD: -39.85%
• 6M: -63.80%
• 1Y: 33.74%
• 3Y*: -10.59%
• 5Y*: —
• 10Y*: —

3SPY.L

• 1D: 5.54%
• 1M: -11.26%
• YTD: -14.08%
• 6M: -10.45%
• 1Y: 13.30%
• 3Y*: 26.86%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

3ARE.L vs. 3SPY.L - Expense Ratio Comparison

3ARE.L has a 0.75% expense ratio, which is higher than 3SPY.L's 0.01% expense ratio.

3ARE.L

Leverage Shares 3x Long ARK Innovation ETC EUR

3SPY.L

Leverage Shares 3x Long US 500 ETP Securities

Return for Risk

3ARE.L vs. 3SPY.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

3ARE.L

3ARE.L Risk / Return Rank: 25
3ARE.L Sharpe Ratio Rank: 19
3ARE.L Sortino Ratio Rank: 39
3ARE.L Omega Ratio Rank: 33
3ARE.L Calmar Ratio Rank: 19
3ARE.L Martin Ratio Rank: 17

3SPY.L

3SPY.L Risk / Return Rank: 25
3SPY.L Sharpe Ratio Rank: 19
3SPY.L Sortino Ratio Rank: 30
3SPY.L Omega Ratio Rank: 39
3SPY.L Calmar Ratio Rank: 20
3SPY.L Martin Ratio Rank: 18

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

3ARE.L vs. 3SPY.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long ARK Innovation ETC EUR (3ARE.L) and Leverage Shares 3x Long US 500 ETP Securities (3SPY.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.

	3ARE.L	3SPY.L	Difference
Sharpe ratio Return per unit of total volatility	0.31	0.19	+0.12
Sortino ratio Return per unit of downside risk	1.19	0.81	+0.37
Omega ratio Gain probability vs. loss probability	1.14	1.14	0.00
Calmar ratio Return relative to maximum drawdown	0.40	0.31	+0.09
Martin ratio Return relative to average drawdown	0.86	0.67	+0.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

3ARE.L vs. 3SPY.L - Sharpe Ratio Comparison

The current 3ARE.L Sharpe Ratio is 0.31, which is higher than the 3SPY.L Sharpe Ratio of 0.19. The chart below compares the historical Sharpe Ratios of 3ARE.L and 3SPY.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	3ARE.L	3SPY.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.31	0.19	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	-0.49	0.15	-0.64

Correlation

The correlation between 3ARE.L and 3SPY.L is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

3ARE.L vs. 3SPY.L - Dividend Comparison

Neither 3ARE.L nor 3SPY.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

3ARE.L vs. 3SPY.L - Drawdown Comparison

The maximum 3ARE.L drawdown since its inception was -99.62%, which is greater than 3SPY.L's maximum drawdown of -58.69%. Use the drawdown chart below to compare losses from any high point for 3ARE.L and 3SPY.L.

Drawdown Indicators

	3ARE.L	3SPY.L	Difference
Max Drawdown Largest peak-to-trough decline	-99.62%	-56.70%	-42.92%
Max Drawdown (1Y) Largest decline over 1 year	-73.63%	-41.60%	-32.03%
Current Drawdown Current decline from peak	-99.11%	-36.78%	-62.33%
Average Drawdown Average peak-to-trough decline	-95.51%	-20.38%	-75.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	34.64%	18.78%	+15.86%

Volatility

3ARE.L vs. 3SPY.L - Volatility Comparison

Leverage Shares 3x Long ARK Innovation ETC EUR (3ARE.L) has a higher volatility of 31.16% compared to Leverage Shares 3x Long US 500 ETP Securities (3SPY.L) at 12.81%. This indicates that 3ARE.L's price experiences larger fluctuations and is considered to be riskier than 3SPY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	3ARE.L	3SPY.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	31.16%	12.81%	+18.35%
Volatility (6M) Calculated over the trailing 6-month period	75.51%	48.36%	+27.15%
Volatility (1Y) Calculated over the trailing 1-year period	108.80%	70.89%	+37.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	132.61%	52.26%	+80.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	132.61%	52.26%	+80.35%