3BA.L vs. MAG7.L
3BA.L (Leverage Shares 3x Boeing ETP GBX) and MAG7.L (Leverage Shares 5x Long Magnificent 7 ETP Securities) are both Leveraged Equities funds from Leverage Shares - 3BA.L tracks the iSTOXX Leveraged 3x BA Index while MAG7.L tracks the Solactive Magnificent 7 Index. Both are passively managed. Over the past year, 3BA.L returned -35.91% vs 112.00% for MAG7.L. At a 0.32 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3BA.L vs. MAG7.L - Performance Comparison
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Different Trading Currencies
3BA.L is traded in GBp, while MAG7.L is traded in USD. To make them comparable, the MAG7.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, 3BA.L achieves a -23.18% return, which is significantly lower than MAG7.L's -4.96% 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*
- —
MAG7.L
- 1D
- -8.61%
- 1M
- 7.99%
- YTD
- -4.96%
- 6M
- -7.01%
- 1Y
- 112.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3BA.L vs. MAG7.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
3BA.L Leverage Shares 3x Boeing ETP GBX | -23.18% | -4.22% | -42.76% |
MAG7.L Leverage Shares 5x Long Magnificent 7 ETP Securities | -4.96% | -33.53% | 153.25% |
Correlation
The correlation between 3BA.L and MAG7.L is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2024 | 0.32 |
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Return for Risk
3BA.L vs. MAG7.L — Risk / Return Rank
3BA.L
MAG7.L
3BA.L vs. MAG7.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 5x Long Magnificent 7 ETP Securities (MAG7.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 | MAG7.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.56 | ||
| Sortino ratioReturn per unit of downside risk | -2.02 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.23 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.59 | 1.56 | -2.15 |
| Martin ratioReturn relative to average drawdown | -1.12 | 3.77 | -4.89 |
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 | MAG7.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.40 | 1.15 | -1.56 |
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 | 0.19 | -0.64 |
Drawdowns
3BA.L vs. MAG7.L - Drawdown Comparison
The maximum 3BA.L drawdown since its inception was -98.35%, which is greater than MAG7.L's maximum drawdown of -91.62%. Use the drawdown chart below to compare losses from any high point for 3BA.L and MAG7.L.
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Drawdown Indicators
| 3BA.L | MAG7.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.35% | -91.62% | -6.73% |
Max Drawdown (1Y)Largest decline over 1 year | -60.76% | -71.53% | +10.77% |
Max Drawdown (3Y)Largest decline over 3 years | -94.04% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -97.96% | — | — |
Current DrawdownCurrent decline from peak | -96.35% | -51.38% | -44.97% |
Average DrawdownAverage peak-to-trough decline | -81.98% | -48.64% | -33.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.92% | 29.61% | +2.31% |
Volatility
3BA.L vs. MAG7.L - Volatility Comparison
Leverage Shares 3x Boeing ETP GBX (3BA.L) has a higher volatility of 34.65% compared to Leverage Shares 5x Long Magnificent 7 ETP Securities (MAG7.L) at 27.06%. This indicates that 3BA.L's price experiences larger fluctuations and is considered to be riskier than MAG7.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 | MAG7.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 34.65% | 27.06% | +7.59% |
Volatility (6M)Calculated over the trailing 6-month period | 67.78% | 70.51% | -2.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 89.27% | 96.80% | -7.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 122.44% | 123.97% | -1.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 122.72% | 123.97% | -1.25% |
3BA.L vs. MAG7.L - Expense Ratio Comparison
Both 3BA.L and MAG7.L have an expense ratio of 0.75%.
Dividends
3BA.L vs. MAG7.L - Dividend Comparison
Neither 3BA.L nor MAG7.L has paid dividends to shareholders.
Frequently Asked Questions
3BA.L and MAG7.L have a correlation of 0.34, 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 MAG7.L have the same expense ratio: 0.75% per year.
3BA.L tracks iSTOXX Leveraged 3x BA Index, while MAG7.L tracks Solactive Magnificent 7 Index.
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