3CRE.L vs. 3TSE.L

Last updated Jun 26, 2026

3CRE.L (Leverage Shares 3x Salesforce.Com ETP Securities EUR) and 3TSE.L (Leverage Shares 3x Tesla ETP Securities EUR) are both Leveraged Equities funds from Leverage Shares - 3CRE.L tracks the iSTOXX Leveraged 3X CRM Index while 3TSE.L tracks the iSTOXX Leveraged 3x TSLA Index. Both are passively managed. Over the past 5 years, 3CRE.L returned -56.41%/yr vs -58.61%/yr for 3TSE.L. At a 0.31 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

3CRE.L vs. 3TSE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Leverage Shares 3x Salesforce.Com ETP Securities EUR (3CRE.L) and Leverage Shares 3x Tesla ETP Securities EUR (3TSE.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, 3CRE.L achieves a -87.04% return, which is significantly lower than 3TSE.L's -57.96% return.

3CRE.L

• 1D: -8.97%
• 1M: -46.50%
• YTD: -87.04%
• 6M: -86.71%
• 1Y: -90.12%
• 3Y*: -58.59%
• 5Y*: -56.41%
• 10Y*: —

3TSE.L

• 1D: -5.61%
• 1M: -38.56%
• YTD: -57.96%
• 6M: -65.51%
• 1Y: -26.08%
• 3Y*: -52.82%
• 5Y*: -58.61%
• 10Y*: —

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

3CRE.L vs. 3TSE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
3CRE.L Leverage Shares 3x Salesforce.Com ETP Securities EUR	-87.04%	-73.38%	21.57%	454.19%	-93.61%	50.30%
3TSE.L Leverage Shares 3x Tesla ETP Securities EUR	-57.96%	-73.02%	31.43%	182.64%	-98.96%	66.45%

Correlation

The correlation between 3CRE.L and 3TSE.L is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (All Time) Calculated using the full available price history since Mar 15, 2021	0.31

The correlation between 3CRE.L and 3TSE.L shifts across timeframes, from 0.11 (1 year) to 0.31 (5 years), reflecting how their relationship changes across market environments.

3CRE.L vs. 3TSE.L - Sectors Allocation Comparison

Sectors	3CRE.L	3TSE.L
Technology	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	100.0%
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

3CRE.L vs. 3TSE.L — Risk / Return Rank

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

3CRE.L

3CRE.L Risk / Return Rank: 1
3CRE.L Sharpe Ratio Rank: 3
3CRE.L Sortino Ratio Rank: 1
3CRE.L Omega Ratio Rank: 1
3CRE.L Calmar Ratio Rank: 0
3CRE.L Martin Ratio Rank: 1

3TSE.L

3TSE.L Risk / Return Rank: 9
3TSE.L Sharpe Ratio Rank: 7
3TSE.L Sortino Ratio Rank: 13
3TSE.L Omega Ratio Rank: 12
3TSE.L Calmar Ratio Rank: 6
3TSE.L Martin Ratio Rank: 6

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.

3CRE.L vs. 3TSE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Salesforce.Com ETP Securities EUR (3CRE.L) and Leverage Shares 3x Tesla ETP Securities EUR (3TSE.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.

	3CRE.L	3TSE.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.78	-0.20	-0.58
Sortino ratio: Return per unit of downside risk	-1.81	0.61	-2.42
Omega ratio: Gain probability vs. loss probability	0.78	1.07	-0.29
Calmar ratio: Return relative to maximum drawdown	-0.99	-0.36	-0.63
Martin ratio: Return relative to average drawdown	-1.57	-0.68	-0.89

3CRE.L vs. 3TSE.L - Sharpe Ratio Comparison

The current 3CRE.L Sharpe Ratio is -0.78, which is lower than the 3TSE.L Sharpe Ratio of -0.20. The chart below compares the historical Sharpe Ratios of 3CRE.L and 3TSE.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

3CRE.L vs. 3TSE.L - Drawdown Comparison

The maximum 3CRE.L drawdown since its inception was -99.26%, roughly equal to the maximum 3TSE.L drawdown of -99.84%. Use the drawdown chart below to compare losses from any high point for 3CRE.L and 3TSE.L.

Drawdown Indicators

	3CRE.L	3TSE.L	Difference
Max Drawdown Largest peak-to-trough decline	-99.26%	-99.84%	+0.58%
Max Drawdown (1Y) Largest decline over 1 year	-90.93%	-72.00%	-18.93%
Max Drawdown (3Y) Largest decline over 3 years	-97.56%	-95.72%	-1.84%
Max Drawdown (5Y) Largest decline over 5 years	-99.26%	-99.84%	+0.58%
Current Drawdown Current decline from peak	-99.22%	-99.77%	+0.55%
Average Drawdown Average peak-to-trough decline	-74.18%	-86.59%	+12.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	57.53%	38.25%	+19.28%

Volatility

3CRE.L vs. 3TSE.L - Volatility Comparison

Leverage Shares 3x Salesforce.Com ETP Securities EUR (3CRE.L) has a higher volatility of 51.44% compared to Leverage Shares 3x Tesla ETP Securities EUR (3TSE.L) at 33.83%. This indicates that 3CRE.L's price experiences larger fluctuations and is considered to be riskier than 3TSE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	3CRE.L	3TSE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	51.44%	33.83%	+17.61%
Volatility (6M) Calculated over the trailing 6-month period	101.21%	85.51%	+15.70%
Volatility (1Y) Calculated over the trailing 1-year period	115.69%	130.09%	-14.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	107.42%	167.70%	-60.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	109.68%	166.26%	-56.58%

3CRE.L vs. 3TSE.L - Expense Ratio Comparison

Both 3CRE.L and 3TSE.L have an expense ratio of 0.75%.

Dividends

3CRE.L vs. 3TSE.L - Dividend Comparison

Neither 3CRE.L nor 3TSE.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both 3CRE.L and 3TSE.L in my portfolio?

3CRE.L and 3TSE.L have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, 3CRE.L or 3TSE.L?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, 3CRE.L or 3TSE.L?

3CRE.L and 3TSE.L have the same expense ratio: 0.75% per year.

What is the main difference between 3CRE.L and 3TSE.L?

3CRE.L tracks iSTOXX Leveraged 3X CRM Index, while 3TSE.L tracks iSTOXX Leveraged 3x TSLA Index.