3MSE.L vs. 3ABE.L
3MSE.L (Leverage Shares 3x Microsoft ETP EUR) and 3ABE.L (Leverage Shares 3x Airbnb ETC EUR) are both Leveraged Equities funds from Leverage Shares - 3MSE.L tracks the iSTOXX Leveraged 3X MSFT Index while 3ABE.L tracks the iSTOXX Leveraged 3x ABNB Index. Both are passively managed. Over the past 3 years, 3MSE.L returned -9.58%/yr vs -27.16%/yr for 3ABE.L. At a 0.17 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3MSE.L vs. 3ABE.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3MSE.L achieves a -43.10% return, which is significantly lower than 3ABE.L's -16.89% return.
3MSE.L
- 1D
- 1.70%
- 1M
- 11.46%
- YTD
- -43.10%
- 6M
- -41.34%
- 1Y
- -44.84%
- 3Y*
- -9.58%
- 5Y*
- 2.59%
- 10Y*
- —
3ABE.L
- 1D
- 7.81%
- 1M
- -8.84%
- YTD
- -16.89%
- 6M
- 19.33%
- 1Y
- -32.35%
- 3Y*
- -27.16%
- 5Y*
- —
- 10Y*
- —
3MSE.L vs. 3ABE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
3MSE.L Leverage Shares 3x Microsoft ETP EUR | -43.10% | -6.09% | 20.99% | 175.47% | -76.35% | 109.48% |
3ABE.L Leverage Shares 3x Airbnb ETC EUR | -16.89% | -45.87% | -43.38% | 113.95% | -96.38% | 7.45% |
Correlation
The correlation between 3MSE.L and 3ABE.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2021 | 0.17 |
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Return for Risk
3MSE.L vs. 3ABE.L — Risk / Return Rank
3MSE.L
3ABE.L
3MSE.L vs. 3ABE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Microsoft ETP EUR (3MSE.L) and Leverage Shares 3x Airbnb ETC EUR (3ABE.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.
| 3MSE.L | 3ABE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.00 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.59 | -0.56 | -0.03 |
| Martin ratioReturn relative to average drawdown | -1.02 | -0.84 | -0.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 3MSE.L | 3ABE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.56 | -0.37 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.03 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | -0.45 | +0.47 |
Drawdowns
3MSE.L vs. 3ABE.L - Drawdown Comparison
The maximum 3MSE.L drawdown since its inception was -82.27%, smaller than the maximum 3ABE.L drawdown of -99.31%. Use the drawdown chart below to compare losses from any high point for 3MSE.L and 3ABE.L.
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Drawdown Indicators
| 3MSE.L | 3ABE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.27% | -99.31% | +17.04% |
Max Drawdown (1Y)Largest decline over 1 year | -76.12% | -57.55% | -18.57% |
Max Drawdown (3Y)Largest decline over 3 years | -76.12% | -89.71% | +13.59% |
Max Drawdown (5Y)Largest decline over 5 years | -82.27% | — | — |
Current DrawdownCurrent decline from peak | -62.77% | -99.02% | +36.25% |
Average DrawdownAverage peak-to-trough decline | -37.79% | -85.06% | +47.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.75% | 38.29% | +5.46% |
Volatility
3MSE.L vs. 3ABE.L - Volatility Comparison
Leverage Shares 3x Microsoft ETP EUR (3MSE.L) has a higher volatility of 30.73% compared to Leverage Shares 3x Airbnb ETC EUR (3ABE.L) at 26.11%. This indicates that 3MSE.L's price experiences larger fluctuations and is considered to be riskier than 3ABE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3MSE.L | 3ABE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.73% | 26.11% | +4.62% |
Volatility (6M)Calculated over the trailing 6-month period | 75.06% | 69.60% | +5.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 79.14% | 86.23% | -7.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 78.61% | 156.33% | -77.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 80.17% | 156.33% | -76.16% |
3MSE.L vs. 3ABE.L - Expense Ratio Comparison
Both 3MSE.L and 3ABE.L have an expense ratio of 0.75%.
Dividends
3MSE.L vs. 3ABE.L - Dividend Comparison
Neither 3MSE.L nor 3ABE.L has paid dividends to shareholders.
Frequently Asked Questions
3MSE.L and 3ABE.L have a correlation of 0.23, 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.
3MSE.L and 3ABE.L have the same expense ratio: 0.75% per year.
3MSE.L tracks iSTOXX Leveraged 3X MSFT Index, while 3ABE.L tracks iSTOXX Leveraged 3x ABNB Index.
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