3KOR.L vs. MSTI.L
3KOR.L (Leverage Shares 3x Long South Korea ETP Securities) and MSTI.L (IncomeShares Microstrategy (MSTR) Options ETP) are both exchange-traded funds - 3KOR.L is a Leveraged Equities fund actively managed by Leverage Shares, while MSTI.L is a Derivative Income fund actively managed by Leverage Shares. Both are actively managed. At a 0.27 correlation, their price movements are largely independent. 3KOR.L charges 0.75%/yr vs 0.55%/yr for MSTI.L.
Performance
3KOR.L vs. MSTI.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3KOR.L achieves a 432.95% return, which is significantly higher than MSTI.L's -55.10% return.
3KOR.L
- 1D
- -13.87%
- 1M
- 39.61%
- YTD
- 432.95%
- 6M
- 564.02%
- 1Y
- 1,566.06%
- 3Y*
- 102.71%
- 5Y*
- —
- 10Y*
- —
MSTI.L
- 1D
- -3.56%
- 1M
- -36.16%
- YTD
- -55.10%
- 6M
- -60.57%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3KOR.L vs. MSTI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
3KOR.L Leverage Shares 3x Long South Korea ETP Securities | 432.95% | 128.52% |
MSTI.L IncomeShares Microstrategy (MSTR) Options ETP | -55.10% | -61.38% |
Correlation
The correlation between 3KOR.L and MSTI.L is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025 | 0.27 |
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Return for Risk
3KOR.L vs. MSTI.L — Risk / Return Rank
3KOR.L
MSTI.L
3KOR.L vs. MSTI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long South Korea ETP Securities (3KOR.L) and IncomeShares Microstrategy (MSTR) Options ETP (MSTI.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.
| 3KOR.L | MSTI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.71 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 25.76 | — | — |
| Martin ratioReturn relative to average drawdown | 79.33 | — | — |
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
| 3KOR.L | MSTI.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 12.65 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | -1.36 | +1.90 |
Drawdowns
3KOR.L vs. MSTI.L - Drawdown Comparison
The maximum 3KOR.L drawdown since its inception was -85.50%, roughly equal to the maximum MSTI.L drawdown of -85.28%. Use the drawdown chart below to compare losses from any high point for 3KOR.L and MSTI.L.
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Drawdown Indicators
| 3KOR.L | MSTI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.50% | -85.28% | -0.22% |
Max Drawdown (1Y)Largest decline over 1 year | -60.08% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -76.11% | — | — |
Current DrawdownCurrent decline from peak | -16.12% | -85.28% | +69.16% |
Average DrawdownAverage peak-to-trough decline | -52.83% | -52.74% | -0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.55% | — | — |
Volatility
3KOR.L vs. MSTI.L - Volatility Comparison
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Volatility by Period
| 3KOR.L | MSTI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 54.37% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 98.72% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 122.51% | 62.48% | +60.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 86.56% | 62.48% | +24.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 86.56% | 62.48% | +24.08% |
3KOR.L vs. MSTI.L - Expense Ratio Comparison
3KOR.L has a 0.75% expense ratio, which is higher than MSTI.L's 0.55% expense ratio.
Dividends
3KOR.L vs. MSTI.L - Dividend Comparison
3KOR.L has not paid dividends to shareholders, while MSTI.L's dividend yield for the trailing twelve months is around 1.50%.
| Position | TTM | 2025 |
|---|---|---|
3KOR.L Leverage Shares 3x Long South Korea ETP Securities | 0.00% | 0.00% |
MSTI.L IncomeShares Microstrategy (MSTR) Options ETP | 1.50% | 0.16% |
Frequently Asked Questions
3KOR.L and MSTI.L have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MSTI.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MSTI.L is cheaper with a 0.55% expense ratio, compared with 0.75% for 3KOR.L.
3KOR.L is categorized as Leveraged Equities, while MSTI.L is Derivative Income. Their fees differ too: 0.75% for 3KOR.L and 0.55% for MSTI.L.
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