3DAX.DE vs. TAI3.DE
3DAX.DE (Leverage Shares 3x Long Germany 40 ETP Securities) and TAI3.DE (Leverage Shares 3x Long Taiwan ETP Securities) are both Leveraged Equities funds from Leverage Shares. Both are actively managed. Over the past 3 years, 3DAX.DE returned 23.51%/yr vs 86.19%/yr for TAI3.DE. At a 0.47 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3DAX.DE vs. TAI3.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 3DAX.DE achieves a -5.90% return, which is significantly lower than TAI3.DE's 274.40% return.
3DAX.DE
- 1D
- 1.36%
- 1M
- -2.44%
- YTD
- -5.90%
- 6M
- -1.37%
- 1Y
- -14.63%
- 3Y*
- 23.51%
- 5Y*
- —
- 10Y*
- —
TAI3.DE
- 1D
- -4.69%
- 1M
- 33.93%
- YTD
- 274.40%
- 6M
- 281.37%
- 1Y
- 462.76%
- 3Y*
- 86.19%
- 5Y*
- —
- 10Y*
- —
3DAX.DE vs. TAI3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
3DAX.DE Leverage Shares 3x Long Germany 40 ETP Securities | -5.90% | 42.11% | 35.80% | 43.45% | 10.85% |
TAI3.DE Leverage Shares 3x Long Taiwan ETP Securities | 274.40% | 23.95% | 21.86% | 34.00% | -8.42% |
Correlation
The correlation between 3DAX.DE and TAI3.DE is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2022 | 0.47 |
The correlation between 3DAX.DE and TAI3.DE has been stable across timeframes, ranging from 0.47 to 0.50 - a consistent structural relationship.
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Return for Risk
3DAX.DE vs. TAI3.DE — Risk / Return Rank
3DAX.DE
TAI3.DE
3DAX.DE vs. TAI3.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long Germany 40 ETP Securities (3DAX.DE) and Leverage Shares 3x Long Taiwan ETP Securities (TAI3.DE). 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.
| 3DAX.DE | TAI3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.92 | ||
| Sortino ratioReturn per unit of downside risk | -4.71 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.61 | -0.63 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | 15.62 | -16.01 |
| Martin ratioReturn relative to average drawdown | -0.95 | 44.37 | -45.32 |
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
| 3DAX.DE | TAI3.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.29 | 6.63 | -6.92 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 1.02 | -0.32 |
Drawdowns
3DAX.DE vs. TAI3.DE - Drawdown Comparison
The maximum 3DAX.DE drawdown since its inception was -42.58%, smaller than the maximum TAI3.DE drawdown of -73.14%. Use the drawdown chart below to compare losses from any high point for 3DAX.DE and TAI3.DE.
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Drawdown Indicators
| 3DAX.DE | TAI3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.58% | -73.14% | +30.56% |
Max Drawdown (1Y)Largest decline over 1 year | -35.67% | -30.10% | -5.57% |
Max Drawdown (3Y)Largest decline over 3 years | -42.58% | -73.14% | +30.56% |
Current DrawdownCurrent decline from peak | -15.47% | -5.18% | -10.29% |
Average DrawdownAverage peak-to-trough decline | -9.33% | -17.43% | +8.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.56% | 10.62% | +3.94% |
Volatility
3DAX.DE vs. TAI3.DE - Volatility Comparison
The current volatility for Leverage Shares 3x Long Germany 40 ETP Securities (3DAX.DE) is 15.69%, while Leverage Shares 3x Long Taiwan ETP Securities (TAI3.DE) has a volatility of 29.88%. This indicates that 3DAX.DE experiences smaller price fluctuations and is considered to be less risky than TAI3.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3DAX.DE | TAI3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.69% | 29.88% | -14.19% |
Volatility (6M)Calculated over the trailing 6-month period | 38.30% | 58.29% | -19.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.44% | 70.95% | -23.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.80% | 70.35% | -23.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.80% | 70.35% | -23.55% |
3DAX.DE vs. TAI3.DE - Expense Ratio Comparison
Both 3DAX.DE and TAI3.DE have an expense ratio of 0.75%.
Dividends
3DAX.DE vs. TAI3.DE - Dividend Comparison
Neither 3DAX.DE nor TAI3.DE has paid dividends to shareholders.
Frequently Asked Questions
3DAX.DE and TAI3.DE 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.
Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
3DAX.DE and TAI3.DE have the same expense ratio: 0.75% per year.
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