3DIE.L vs. 5SPY.L

Last updated Jun 5, 2026

3DIE.L (Leverage Shares 3x Disney ETC EUR) and 5SPY.L (Leverage Shares 5x Long US 500 ETP Securities) are both Leveraged Equities funds from Leverage Shares. 3DIE.L is passively managed, while 5SPY.L is actively managed. Over the past 3 years, 3DIE.L returned -24.83%/yr vs 51.48%/yr for 5SPY.L. At a 0.46 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

3DIE.L vs. 5SPY.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Leverage Shares 3x Disney ETC EUR (3DIE.L) and Leverage Shares 5x Long US 500 ETP Securities (5SPY.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

3DIE.L is traded in EUR, while 5SPY.L is traded in USD. To make them comparable, the 5SPY.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, 3DIE.L achieves a -42.05% return, which is significantly lower than 5SPY.L's 37.01% return.

3DIE.L

• 1D: 2.26%
• 1M: -3.00%
• YTD: -42.05%
• 6M: -25.17%
• 1Y: -50.87%
• 3Y*: -24.83%
• 5Y*: —
• 10Y*: —

5SPY.L

• 1D: -0.14%
• 1M: 23.04%
• YTD: 37.01%
• 6M: 35.40%
• 1Y: 115.44%
• 3Y*: 51.48%
• 5Y*: —
• 10Y*: —

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

3DIE.L vs. 5SPY.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
3DIE.L Leverage Shares 3x Disney ETC EUR	-42.05%	-36.83%	42.39%	-22.57%	-89.62%	6.24%
5SPY.L Leverage Shares 5x Long US 500 ETP Securities	37.01%	-10.53%	111.13%	94.78%	-79.62%	12.32%

Correlation

The correlation between 3DIE.L and 5SPY.L is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (All Time) Calculated using the full available price history since Dec 15, 2021	0.46

3DIE.L vs. 5SPY.L - Sectors Allocation Comparison

Sectors	3DIE.L	5SPY.L
Communication Services	100.0%	10.9%
Basic Materials	-	1.8%
Consumer Cyclical	-	10.1%
Consumer Defensive	-	4.9%
Energy	-	3.5%
Financial Services	-	11.9%
Healthcare	-	8.4%
Industrials	-	8.1%
Real Estate	-	1.9%
Technology	-	36.2%
Utilities	-	2.3%

Return for Risk

3DIE.L vs. 5SPY.L — Risk / Return Rank

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

3DIE.L

3DIE.L Risk / Return Rank: 3
3DIE.L Sharpe Ratio Rank: 3
3DIE.L Sortino Ratio Rank: 4
3DIE.L Omega Ratio Rank: 4
3DIE.L Calmar Ratio Rank: 2
3DIE.L Martin Ratio Rank: 3

5SPY.L

5SPY.L Risk / Return Rank: 57
5SPY.L Sharpe Ratio Rank: 66
5SPY.L Sortino Ratio Rank: 56
5SPY.L Omega Ratio Rank: 54
5SPY.L Calmar Ratio Rank: 56
5SPY.L Martin Ratio Rank: 55

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.

3DIE.L vs. 5SPY.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Disney ETC EUR (3DIE.L) and Leverage Shares 5x Long US 500 ETP Securities (5SPY.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.

	3DIE.L	5SPY.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.70	2.09	-2.78
Sortino ratio: Return per unit of downside risk	-0.79	2.57	-3.37
Omega ratio: Gain probability vs. loss probability	0.90	1.33	-0.43
Calmar ratio: Return relative to maximum drawdown	-0.77	2.73	-3.50
Martin ratio: Return relative to average drawdown	-1.28	8.89	-10.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

3DIE.L vs. 5SPY.L - Sharpe Ratio Comparison

The current 3DIE.L Sharpe Ratio is -0.70, which is lower than the 5SPY.L Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of 3DIE.L and 5SPY.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.

Sharpe Ratios by Period

	3DIE.L	5SPY.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.70	2.09	-2.78
Sharpe Ratio (All Time) Calculated using the full available price history	-0.60	0.04	-0.64

Drawdowns

3DIE.L vs. 5SPY.L - Drawdown Comparison

The maximum 3DIE.L drawdown since its inception was -97.95%, which is greater than 5SPY.L's maximum drawdown of -81.38%. Use the drawdown chart below to compare losses from any high point for 3DIE.L and 5SPY.L.

Drawdown Indicators

	3DIE.L	5SPY.L	Difference
Max Drawdown Largest peak-to-trough decline	-97.95%	-81.38%	-16.57%
Max Drawdown (1Y) Largest decline over 1 year	-66.02%	-42.05%	-23.97%
Max Drawdown (3Y) Largest decline over 3 years	-80.92%	-73.42%	-7.50%
Current Drawdown Current decline from peak	-97.58%	-2.60%	-94.98%
Average Drawdown Average peak-to-trough decline	-87.88%	-49.37%	-38.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	39.57%	12.93%	+26.64%

Volatility

3DIE.L vs. 5SPY.L - Volatility Comparison

Leverage Shares 3x Disney ETC EUR (3DIE.L) has a higher volatility of 23.87% compared to Leverage Shares 5x Long US 500 ETP Securities (5SPY.L) at 14.83%. This indicates that 3DIE.L's price experiences larger fluctuations and is considered to be riskier than 5SPY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	3DIE.L	5SPY.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.87%	14.83%	+9.04%
Volatility (6M) Calculated over the trailing 6-month period	58.89%	39.49%	+19.40%
Volatility (1Y) Calculated over the trailing 1-year period	73.00%	54.95%	+18.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	91.74%	77.15%	+14.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	91.74%	77.15%	+14.59%

3DIE.L vs. 5SPY.L - Expense Ratio Comparison

Both 3DIE.L and 5SPY.L have an expense ratio of 0.75%.

Dividends

3DIE.L vs. 5SPY.L - Dividend Comparison

Neither 3DIE.L nor 5SPY.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both 3DIE.L and 5SPY.L in my portfolio?

3DIE.L and 5SPY.L have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, 3DIE.L or 5SPY.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, 3DIE.L or 5SPY.L?

3DIE.L and 5SPY.L have the same expense ratio: 0.75% per year.