3ARE.L vs. MSTI.L
3ARE.L (Leverage Shares 3x Long ARK Innovation ETC EUR) and MSTI.L (IncomeShares Microstrategy (MSTR) Options ETP) are both exchange-traded funds - 3ARE.L is a Leveraged Equities fund actively managed by Leverage Shares, while MSTI.L is a Derivative Income fund actively managed by Leverage Shares. Both are actively managed. At a 0.50 correlation, their price movements are largely independent. 3ARE.L charges 0.75%/yr vs 0.55%/yr for MSTI.L.
Performance
3ARE.L vs. MSTI.L - Performance Comparison
Loading charts...
Different Trading Currencies
3ARE.L is traded in EUR, while MSTI.L is traded in USD. To make them comparable, the MSTI.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 -10.77% return, which is significantly higher than MSTI.L's -54.59% return.
3ARE.L
- 1D
- 10.69%
- 1M
- 11.54%
- YTD
- -10.77%
- 6M
- -25.83%
- 1Y
- 51.44%
- 3Y*
- 0.56%
- 5Y*
- —
- 10Y*
- —
MSTI.L
- 1D
- -3.70%
- 1M
- -35.73%
- YTD
- -54.59%
- 6M
- -60.46%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3ARE.L vs. MSTI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
3ARE.L Leverage Shares 3x Long ARK Innovation ETC EUR | -10.77% | 1.88% |
MSTI.L IncomeShares Microstrategy (MSTR) Options ETP | -54.59% | -61.26% |
Correlation
The correlation between 3ARE.L and MSTI.L is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025 | 0.50 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
3ARE.L vs. MSTI.L — Risk / Return Rank
3ARE.L
MSTI.L
3ARE.L vs. MSTI.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 IncomeShares Microstrategy (MSTR) Options ETP (MSTI.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 | MSTI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.16 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.70 | — | — |
| Martin ratioReturn relative to average drawdown | 1.22 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| 3ARE.L | MSTI.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.46 | -1.35 | +0.89 |
Drawdowns
3ARE.L vs. MSTI.L - Drawdown Comparison
The maximum 3ARE.L drawdown since its inception was -99.62%, which is greater than MSTI.L's maximum drawdown of -85.31%. Use the drawdown chart below to compare losses from any high point for 3ARE.L and MSTI.L.
Loading charts...
Drawdown Indicators
| 3ARE.L | MSTI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.62% | -85.31% | -14.31% |
Max Drawdown (1Y)Largest decline over 1 year | -73.63% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -82.57% | — | — |
Current DrawdownCurrent decline from peak | -98.68% | -85.31% | -13.37% |
Average DrawdownAverage peak-to-trough decline | -95.64% | -53.00% | -42.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.09% | — | — |
Volatility
3ARE.L vs. MSTI.L - Volatility Comparison
Loading charts...
Volatility by Period
| 3ARE.L | MSTI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.63% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 67.98% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 99.36% | 62.78% | +36.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 131.55% | 62.78% | +68.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 131.55% | 62.78% | +68.77% |
3ARE.L vs. MSTI.L - Expense Ratio Comparison
3ARE.L has a 0.75% expense ratio, which is higher than MSTI.L's 0.55% expense ratio.
Dividends
3ARE.L vs. MSTI.L - Dividend Comparison
3ARE.L has not paid dividends to shareholders, while MSTI.L's dividend yield for the trailing twelve months is around 1.50%.
| Position | TTM | 2025 |
|---|---|---|
3ARE.L Leverage Shares 3x Long ARK Innovation ETC EUR | 0.00% | 0.00% |
MSTI.L IncomeShares Microstrategy (MSTR) Options ETP | 1.50% | 0.16% |
Frequently Asked Questions
3ARE.L and MSTI.L have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MSTI.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MSTI.L is cheaper with a 0.55% expense ratio, compared with 0.75% for 3ARE.L.
3ARE.L is categorized as Leveraged Equities, while MSTI.L is Derivative Income. Their fees differ too: 0.75% for 3ARE.L and 0.55% for MSTI.L.
Find the right allocation for 3ARE.L and MSTI.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer