3JPN.DE vs. EUNN.DE
3JPN.DE (Leverage Shares 3x Long Japan ETP Securities) and EUNN.DE (iShares Core MSCI Japan IMI UCITS ETF) are both exchange-traded funds - 3JPN.DE is a Leveraged Equities fund actively managed by Leverage Shares, while EUNN.DE is a Japan Equities fund tracking the MSCI Japan IMI. 3JPN.DE is actively managed, while EUNN.DE is passively managed. Over the past 3 years, 3JPN.DE returned 20.30%/yr vs 15.47%/yr for EUNN.DE. Their correlation of 0.90 suggests significant overlap in exposure. 3JPN.DE charges 0.75%/yr vs 0.12%/yr for EUNN.DE.
Performance
3JPN.DE vs. EUNN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 3JPN.DE achieves a 37.51% return, which is significantly higher than EUNN.DE's 16.53% return.
3JPN.DE
- 1D
- -0.77%
- 1M
- 7.20%
- YTD
- 37.51%
- 6M
- 34.92%
- 1Y
- 72.37%
- 3Y*
- 20.30%
- 5Y*
- —
- 10Y*
- —
EUNN.DE
- 1D
- -0.27%
- 1M
- 3.50%
- YTD
- 16.53%
- 6M
- 16.81%
- 1Y
- 31.22%
- 3Y*
- 15.47%
- 5Y*
- 9.85%
- 10Y*
- 9.05%
3JPN.DE vs. EUNN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
3JPN.DE Leverage Shares 3x Long Japan ETP Securities | 37.51% | 27.74% | 0.10% | 34.83% | 0.88% |
EUNN.DE iShares Core MSCI Japan IMI UCITS ETF | 16.53% | 13.46% | 12.90% | 15.16% | -0.84% |
Correlation
The correlation between 3JPN.DE and EUNN.DE is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2022 | 0.90 |
The correlation between 3JPN.DE and EUNN.DE has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.
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Return for Risk
3JPN.DE vs. EUNN.DE — Risk / Return Rank
3JPN.DE
EUNN.DE
3JPN.DE vs. EUNN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long Japan ETP Securities (3JPN.DE) and iShares Core MSCI Japan IMI UCITS ETF (EUNN.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.
| 3JPN.DE | EUNN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.32 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | 3.14 | -1.17 |
| Martin ratioReturn relative to average drawdown | 5.61 | 10.51 | -4.90 |
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
| 3JPN.DE | EUNN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 1.67 | -0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.61 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.53 | -0.03 |
Drawdowns
3JPN.DE vs. EUNN.DE - Drawdown Comparison
The maximum 3JPN.DE drawdown since its inception was -51.65%, which is greater than EUNN.DE's maximum drawdown of -28.55%. Use the drawdown chart below to compare losses from any high point for 3JPN.DE and EUNN.DE.
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Drawdown Indicators
| 3JPN.DE | EUNN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.65% | -28.55% | -23.10% |
Max Drawdown (1Y)Largest decline over 1 year | -34.71% | -9.58% | -25.13% |
Max Drawdown (3Y)Largest decline over 3 years | -51.65% | -15.81% | -35.84% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.41% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.55% | — |
Current DrawdownCurrent decline from peak | -7.07% | -0.27% | -6.80% |
Average DrawdownAverage peak-to-trough decline | -14.56% | -6.85% | -7.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.19% | 2.86% | +9.33% |
Volatility
3JPN.DE vs. EUNN.DE - Volatility Comparison
Leverage Shares 3x Long Japan ETP Securities (3JPN.DE) has a higher volatility of 11.68% compared to iShares Core MSCI Japan IMI UCITS ETF (EUNN.DE) at 3.16%. This indicates that 3JPN.DE's price experiences larger fluctuations and is considered to be riskier than EUNN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3JPN.DE | EUNN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.68% | 3.16% | +8.52% |
Volatility (6M)Calculated over the trailing 6-month period | 48.68% | 14.53% | +34.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.28% | 17.97% | +42.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.77% | 16.04% | +36.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.77% | 16.08% | +36.69% |
3JPN.DE vs. EUNN.DE - Expense Ratio Comparison
3JPN.DE has a 0.75% expense ratio, which is higher than EUNN.DE's 0.12% expense ratio.
Dividends
3JPN.DE vs. EUNN.DE - Dividend Comparison
Neither 3JPN.DE nor EUNN.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, 3JPN.DE and EUNN.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, EUNN.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNN.DE is cheaper with a 0.12% expense ratio, compared with 0.75% for 3JPN.DE.
3JPN.DE is categorized as Leveraged Equities, while EUNN.DE is Japan Equities. They also come from different issuers: Leverage Shares and iShares. Their fees differ too: 0.75% for 3JPN.DE and 0.12% for EUNN.DE.
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