3MSE.L vs. 3AME.L
3MSE.L (Leverage Shares 3x Microsoft ETP EUR) and 3AME.L (Leverage Shares 3x Amazon ETC EUR) are both Leveraged Equities funds from Leverage Shares - 3MSE.L tracks the iSTOXX Leveraged 3X MSFT Index while 3AME.L tracks the iSTOXX Leveraged 3X AMZN Index. Both are passively managed. Over the past 3 years, 3MSE.L returned -9.58%/yr vs 26.64%/yr for 3AME.L. A 0.60 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.
Performance
3MSE.L vs. 3AME.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 3AME.L's 12.32% 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*
- —
3AME.L
- 1D
- 6.10%
- 1M
- -22.05%
- YTD
- 12.32%
- 6M
- 15.92%
- 1Y
- 21.25%
- 3Y*
- 26.64%
- 5Y*
- —
- 10Y*
- —
3MSE.L vs. 3AME.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
3MSE.L Leverage Shares 3x Microsoft ETP EUR | -43.10% | -6.09% | 20.99% | 175.47% | -33.36% |
3AME.L Leverage Shares 3x Amazon ETC EUR | 12.32% | -41.33% | 120.90% | 275.57% | -71.73% |
Correlation
The correlation between 3MSE.L and 3AME.L is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2022 | 0.60 |
Over the past year, the correlation between 3MSE.L and 3AME.L has dropped to 0.38 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.
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Return for Risk
3MSE.L vs. 3AME.L — Risk / Return Rank
3MSE.L
3AME.L
3MSE.L vs. 3AME.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 Amazon ETC EUR (3AME.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 | 3AME.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -1.39 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.12 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.59 | 0.35 | -0.94 |
| Martin ratioReturn relative to average drawdown | -1.02 | 0.74 | -1.76 |
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 | 3AME.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.56 | 0.23 | -0.80 |
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 | 0.12 | -0.09 |
Drawdowns
3MSE.L vs. 3AME.L - Drawdown Comparison
The maximum 3MSE.L drawdown since its inception was -82.27%, roughly equal to the maximum 3AME.L drawdown of -86.29%. Use the drawdown chart below to compare losses from any high point for 3MSE.L and 3AME.L.
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Drawdown Indicators
| 3MSE.L | 3AME.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.27% | -86.29% | +4.02% |
Max Drawdown (1Y)Largest decline over 1 year | -76.12% | -59.73% | -16.39% |
Max Drawdown (3Y)Largest decline over 3 years | -76.12% | -73.04% | -3.08% |
Max Drawdown (5Y)Largest decline over 5 years | -82.27% | — | — |
Current DrawdownCurrent decline from peak | -62.77% | -47.36% | -15.41% |
Average DrawdownAverage peak-to-trough decline | -37.79% | -46.24% | +8.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.75% | 28.74% | +15.01% |
Volatility
3MSE.L vs. 3AME.L - Volatility Comparison
Leverage Shares 3x Microsoft ETP EUR (3MSE.L) has a higher volatility of 30.73% compared to Leverage Shares 3x Amazon ETC EUR (3AME.L) at 27.49%. This indicates that 3MSE.L's price experiences larger fluctuations and is considered to be riskier than 3AME.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 | 3AME.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.73% | 27.49% | +3.24% |
Volatility (6M)Calculated over the trailing 6-month period | 75.06% | 70.07% | +4.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 79.14% | 90.62% | -11.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 78.61% | 100.64% | -22.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 80.17% | 100.64% | -20.47% |
3MSE.L vs. 3AME.L - Expense Ratio Comparison
Both 3MSE.L and 3AME.L have an expense ratio of 0.75%.
Dividends
3MSE.L vs. 3AME.L - Dividend Comparison
Neither 3MSE.L nor 3AME.L has paid dividends to shareholders.
Frequently Asked Questions
3MSE.L and 3AME.L have a correlation of 0.38, 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 3AME.L have the same expense ratio: 0.75% per year.
3MSE.L tracks iSTOXX Leveraged 3X MSFT Index, while 3AME.L tracks iSTOXX Leveraged 3X AMZN Index.
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