3BA.L vs. 3AMD.L
3BA.L (Leverage Shares 3x Boeing ETP GBX) and 3AMD.L (Leverage Shares 3x AMD ETC GBP) are both Leveraged Equities funds from Leverage Shares - 3BA.L tracks the iSTOXX Leveraged 3x BA Index while 3AMD.L tracks the iSTOXX Leveraged 3x AMD Index. Both are passively managed. Over the past 3 years, 3BA.L returned -40.36%/yr vs 51.93%/yr for 3AMD.L. At a 0.24 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3BA.L vs. 3AMD.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3BA.L achieves a -23.18% return, which is significantly lower than 3AMD.L's 658.07% return.
3BA.L
- 1D
- -6.08%
- 1M
- -22.73%
- YTD
- -23.18%
- 6M
- -6.30%
- 1Y
- -35.91%
- 3Y*
- -40.36%
- 5Y*
- -46.04%
- 10Y*
- —
3AMD.L
- 1D
- 11.54%
- 1M
- 184.55%
- YTD
- 658.07%
- 6M
- 604.25%
- 1Y
- 2,384.13%
- 3Y*
- 51.93%
- 5Y*
- —
- 10Y*
- —
3BA.L vs. 3AMD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
3BA.L Leverage Shares 3x Boeing ETP GBX | -23.18% | -4.22% | -81.46% | 73.71% | -57.75% | -51.98% |
3AMD.L Leverage Shares 3x AMD ETC GBP | 658.07% | 53.77% | -76.38% | 448.82% | -97.41% | 265.31% |
Correlation
The correlation between 3BA.L and 3AMD.L is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2021 | 0.24 |
The correlation between 3BA.L and 3AMD.L shifts across timeframes, from 0.24 (all time) to 0.36 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
3BA.L vs. 3AMD.L — Risk / Return Rank
3BA.L
3AMD.L
3BA.L vs. 3AMD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Boeing ETP GBX (3BA.L) and Leverage Shares 3x AMD ETC GBP (3AMD.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.
| 3BA.L | 3AMD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -12.88 | ||
| Sortino ratioReturn per unit of downside risk | -4.87 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.61 | -0.62 |
| Calmar ratioReturn relative to maximum drawdown | -0.59 | 30.82 | -31.41 |
| Martin ratioReturn relative to average drawdown | -1.12 | 56.95 | -58.07 |
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
| 3BA.L | 3AMD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.40 | 12.48 | -12.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.45 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.45 | 0.05 | -0.50 |
Drawdowns
3BA.L vs. 3AMD.L - Drawdown Comparison
The maximum 3BA.L drawdown since its inception was -98.35%, roughly equal to the maximum 3AMD.L drawdown of -99.50%. Use the drawdown chart below to compare losses from any high point for 3BA.L and 3AMD.L.
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Drawdown Indicators
| 3BA.L | 3AMD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.35% | -99.50% | +1.15% |
Max Drawdown (1Y)Largest decline over 1 year | -60.76% | -76.34% | +15.58% |
Max Drawdown (3Y)Largest decline over 3 years | -94.04% | -97.93% | +3.89% |
Max Drawdown (5Y)Largest decline over 5 years | -97.96% | — | — |
Current DrawdownCurrent decline from peak | -96.35% | -71.32% | -25.03% |
Average DrawdownAverage peak-to-trough decline | -81.98% | -84.94% | +2.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.92% | 41.40% | -9.48% |
Volatility
3BA.L vs. 3AMD.L - Volatility Comparison
The current volatility for Leverage Shares 3x Boeing ETP GBX (3BA.L) is 34.65%, while Leverage Shares 3x AMD ETC GBP (3AMD.L) has a volatility of 68.82%. This indicates that 3BA.L experiences smaller price fluctuations and is considered to be less risky than 3AMD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3BA.L | 3AMD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 34.65% | 68.82% | -34.17% |
Volatility (6M)Calculated over the trailing 6-month period | 67.78% | 134.33% | -66.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 89.27% | 188.76% | -99.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 122.44% | 158.33% | -35.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 122.72% | 158.33% | -35.61% |
3BA.L vs. 3AMD.L - Expense Ratio Comparison
Both 3BA.L and 3AMD.L have an expense ratio of 0.75%.
Dividends
3BA.L vs. 3AMD.L - Dividend Comparison
Neither 3BA.L nor 3AMD.L has paid dividends to shareholders.
Frequently Asked Questions
3BA.L and 3AMD.L have a correlation of 0.36, 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.
3BA.L and 3AMD.L have the same expense ratio: 0.75% per year.
3BA.L tracks iSTOXX Leveraged 3x BA Index, while 3AMD.L tracks iSTOXX Leveraged 3x AMD Index.
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