3BAL.L vs. 3MSF.L
3BAL.L (WisdomTree EURO STOXX Banks 3x Daily Leveraged) and 3MSF.L (Leverage Shares 3x Microsoft ETP GBP) are both Leveraged Equities funds - 3BAL.L tracks the EURO STOXX Banks Daily Leverage 3 EUR Net Return Index while 3MSF.L tracks the iSTOXX Leveraged 3X MSFT Index. Both are passively managed. Over the past 5 years, 3BAL.L returned 70.85%/yr vs -13.18%/yr for 3MSF.L. At a 0.19 correlation, their price movements are largely independent. 3BAL.L charges 0.89%/yr vs 0.75%/yr for 3MSF.L.
Performance
3BAL.L vs. 3MSF.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3BAL.L achieves a 25.66% return, which is significantly higher than 3MSF.L's -68.59% return.
3BAL.L
- 1D
- 1.86%
- 1M
- 23.42%
- YTD
- 25.66%
- 6M
- 27.44%
- 1Y
- 182.60%
- 3Y*
- 155.31%
- 5Y*
- 70.85%
- 10Y*
- 21.97%
3MSF.L
- 1D
- -15.41%
- 1M
- -39.71%
- YTD
- -68.59%
- 6M
- -68.50%
- 1Y
- -73.04%
- 3Y*
- -23.07%
- 5Y*
- -13.18%
- 10Y*
- —
3BAL.L vs. 3MSF.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
3BAL.L WisdomTree EURO STOXX Banks 3x Daily Leveraged | 25.66% | 433.07% | 68.07% | 63.85% | -24.90% | 108.27% | 21.00% |
3MSF.L Leverage Shares 3x Microsoft ETP GBP | -68.59% | -1.14% | 15.47% | 170.19% | -74.05% | 203.49% | 36.73% |
Correlation
The correlation between 3BAL.L and 3MSF.L is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.19 |
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Return for Risk
3BAL.L vs. 3MSF.L — Risk / Return Rank
3BAL.L
3MSF.L
3BAL.L vs. 3MSF.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree EURO STOXX Banks 3x Daily Leveraged (3BAL.L) and Leverage Shares 3x Microsoft ETP GBP (3MSF.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| 3BAL.L | 3MSF.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.52 | ||
| Sortino ratioReturn per unit of downside risk | +4.36 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 0.81 | +0.54 |
| Calmar ratioReturn relative to maximum drawdown | 3.99 | -0.92 | +4.91 |
| Martin ratioReturn relative to average drawdown | 10.72 | -1.55 | +12.27 |
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Drawdowns
3BAL.L vs. 3MSF.L - Drawdown Comparison
The maximum 3BAL.L drawdown since its inception was -99.29%, which is greater than 3MSF.L's maximum drawdown of -81.42%. Use the drawdown chart below to compare losses from any high point for 3BAL.L and 3MSF.L.
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Drawdown Indicators
| 3BAL.L | 3MSF.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.29% | -81.42% | -17.87% |
Max Drawdown (1Y)Largest decline over 1 year | -45.44% | -79.25% | +33.81% |
Max Drawdown (3Y)Largest decline over 3 years | -50.31% | -79.25% | +28.94% |
Max Drawdown (5Y)Largest decline over 5 years | -77.94% | -81.42% | +3.48% |
Max Drawdown (10Y)Largest decline over 10 years | -97.78% | — | — |
Current DrawdownCurrent decline from peak | -47.44% | -79.25% | +31.81% |
Average DrawdownAverage peak-to-trough decline | -82.00% | -35.62% | -46.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.96% | 47.01% | -30.05% |
Volatility
3BAL.L vs. 3MSF.L - Volatility Comparison
The current volatility for WisdomTree EURO STOXX Banks 3x Daily Leveraged (3BAL.L) is 18.61%, while Leverage Shares 3x Microsoft ETP GBP (3MSF.L) has a volatility of 36.52%. This indicates that 3BAL.L experiences smaller price fluctuations and is considered to be less risky than 3MSF.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3BAL.L | 3MSF.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.61% | 36.52% | -17.91% |
Volatility (6M)Calculated over the trailing 6-month period | 55.75% | 78.12% | -22.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.87% | 82.57% | -13.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.08% | 78.33% | -3.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.99% | 77.57% | +5.42% |
3BAL.L vs. 3MSF.L - Expense Ratio Comparison
3BAL.L has a 0.89% expense ratio, which is higher than 3MSF.L's 0.75% expense ratio.
Dividends
3BAL.L vs. 3MSF.L - Dividend Comparison
Neither 3BAL.L nor 3MSF.L has paid dividends to shareholders.
Frequently Asked Questions
3BAL.L and 3MSF.L have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 3MSF.L is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
3MSF.L is cheaper with a 0.75% expense ratio, compared with 0.89% for 3BAL.L.
3BAL.L tracks EURO STOXX Banks Daily Leverage 3 EUR Net Return Index, while 3MSF.L tracks iSTOXX Leveraged 3X MSFT Index. They also come from different issuers: WisdomTree and Leverage Shares. Their fees differ too: 0.89% for 3BAL.L and 0.75% for 3MSF.L.
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