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3MSE.L vs. 3ABN.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

3MSE.L vs. 3ABN.L

Last updated Jun 4, 2026

3MSE.L (Leverage Shares 3x Microsoft ETP EUR) and 3ABN.L (Leverage Shares 3x Airbnb ETP Securities GBP) are both Leveraged Equities funds from Leverage Shares - 3MSE.L tracks the iSTOXX Leveraged 3X MSFT Index while 3ABN.L tracks the iSTOXX Leveraged 3x ABNB Index. Both are passively managed. Over the past 3 years, 3MSE.L returned -9.32%/yr vs 311.43%/yr for 3ABN.L. At a 0.34 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

3MSE.L vs. 3ABN.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Leverage Shares 3x Microsoft ETP EUR (3MSE.L) and Leverage Shares 3x Airbnb ETP Securities GBP (3ABN.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

3MSE.L is traded in EUR, while 3ABN.L is traded in GBp. To make them comparable, the 3ABN.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, 3MSE.L achieves a -44.05% return, which is significantly lower than 3ABN.L's -16.75% return.

3MSE.L

1D
-10.64%
1M
7.16%
YTD
-44.05%
6M
-43.06%
1Y
-45.21%
3Y*
-9.32%
5Y*
2.24%
10Y*
—

3ABN.L

1D
7.53%
1M
-8.74%
YTD
-16.75%
6M
19.50%
1Y
-32.37%
3Y*
311.43%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

3MSE.L vs. 3ABN.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021
3MSE.L
Leverage Shares 3x Microsoft ETP EUR		-44.05%-6.09%20.99%175.47%-76.35%128.88%
3ABN.L
Leverage Shares 3x Airbnb ETP Securities GBP		-16.75%12,090.08%-43.36%110.69%-96.31%7.21%

Correlation

The correlation between 3MSE.L and 3ABN.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

0.34

Correlation (All Time)
Calculated using the full available price history since Jun 17, 2021

0.34

The correlation between 3MSE.L and 3ABN.L shifts across timeframes, from 0.23 (1 year) to 0.34 (all time), reflecting how their relationship changes across market environments.

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Leverage Shares 3x Microsoft ETP EUR

Leverage Shares 3x Airbnb ETP Securities GBP

Often compared with 3MSE.L:
3MSE.L vs. 2BRE.L3MSE.L vs. JD3.L3MSE.L vs. 3PYE.L3MSE.L vs. KWE3.L3MSE.L vs. AMD3.L3MSE.L vs. QQQ3.L3MSE.L vs. 5QQQ.L
Often compared with 3ABN.L:
3ABN.L vs. 3NFE.L3ABN.L vs. TQQQ3ABN.L vs. KWE3.L3ABN.L vs. 3XFE.L3ABN.L vs. AMD3.L3ABN.L vs. 2AMD.L3ABN.L vs. 2GOO.L

Return for Risk

3MSE.L vs. 3ABN.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
3MSE.L
3MSE.L Risk / Return Rank: 44
Overall Rank
3MSE.L Sharpe Ratio Rank: 44
Sharpe Ratio Rank
3MSE.L Sortino Ratio Rank: 55
Sortino Ratio Rank
3MSE.L Omega Ratio Rank: 55
Omega Ratio Rank
3MSE.L Calmar Ratio Rank: 44
Calmar Ratio Rank
3MSE.L Martin Ratio Rank: 44
Martin Ratio Rank
3ABN.L
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.

3MSE.L vs. 3ABN.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 ETP Securities GBP (3ABN.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.L3ABN.LDifference
Sharpe ratioReturn per unit of total volatility
-0.57
-0.38

-0.19

Sortino ratioReturn per unit of downside risk
-0.44
-0.03

-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

-1.04

-0.85

-0.19

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

3MSE.L vs. 3ABN.L - Sharpe Ratio Comparison

The current 3MSE.L Sharpe Ratio is -0.57, which is lower than the 3ABN.L Sharpe Ratio of -0.38. The chart below compares the historical Sharpe Ratios of 3MSE.L and 3ABN.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.

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Sharpe Ratios by Period

3MSE.L3ABN.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.57

-0.38

-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

0.02

0.00

+0.02

Drawdowns

3MSE.L vs. 3ABN.L - Drawdown Comparison

The maximum 3MSE.L drawdown since its inception was -82.27%, smaller than the maximum 3ABN.L drawdown of -99.21%. Use the drawdown chart below to compare losses from any high point for 3MSE.L and 3ABN.L.

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Drawdown Indicators

3MSE.L3ABN.LDifference

Max Drawdown

Largest peak-to-trough decline

-82.27%

-99.21%

+16.94%

Max Drawdown (1Y)

Largest decline over 1 year

-76.12%

-57.30%

-18.82%

Max Drawdown (3Y)

Largest decline over 3 years

-76.12%

-88.25%

+12.13%

Max Drawdown (5Y)

Largest decline over 5 years

-82.27%

—

—

Current Drawdown

Current decline from peak

-63.40%

-39.86%

-23.54%

Average Drawdown

Average peak-to-trough decline

-37.77%

-72.57%

+34.80%

Ulcer Index

Depth and duration of drawdowns from previous peaks

43.57%

38.16%

+5.41%

Volatility

3MSE.L vs. 3ABN.L - Volatility Comparison

Leverage Shares 3x Microsoft ETP EUR (3MSE.L) has a higher volatility of 30.83% compared to Leverage Shares 3x Airbnb ETP Securities GBP (3ABN.L) at 25.81%. This indicates that 3MSE.L's price experiences larger fluctuations and is considered to be riskier than 3ABN.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.L3ABN.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

30.83%

25.81%

+5.02%

Volatility (6M)

Calculated over the trailing 6-month period

75.05%

68.76%

+6.29%

Volatility (1Y)

Calculated over the trailing 1-year period

79.14%

85.77%

-6.63%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

78.61%

9,917.41%

-9,838.80%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

80.19%

9,917.41%

-9,837.22%

3MSE.L vs. 3ABN.L - Expense Ratio Comparison

Both 3MSE.L and 3ABN.L have an expense ratio of 0.75%.

Dividends

3MSE.L vs. 3ABN.L - Dividend Comparison

Neither 3MSE.L nor 3ABN.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

3MSE.L and 3ABN.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 3ABN.L have the same expense ratio: 0.75% per year.

3MSE.L tracks iSTOXX Leveraged 3X MSFT Index, while 3ABN.L tracks iSTOXX Leveraged 3x ABNB Index.

Portfolio Optimizer

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