3MSE.L vs. 3PYE.L
3MSE.L (Leverage Shares 3x Microsoft ETP EUR) and 3PYE.L (Leverage Shares 3x PayPal ETP Securities EUR) are both Leveraged Equities funds from Leverage Shares - 3MSE.L tracks the iSTOXX Leveraged 3X MSFT Index while 3PYE.L tracks the iSTOXX Leveraged 3x PYPL Index. Both are passively managed. Over the past 5 years, 3MSE.L returned 2.59%/yr vs -84.33%/yr for 3PYE.L. At a 0.35 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3MSE.L vs. 3PYE.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 higher than 3PYE.L's -72.82% 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*
- —
3PYE.L
- 1D
- 3.82%
- 1M
- -18.75%
- YTD
- -72.82%
- 6M
- -76.55%
- 1Y
- -89.69%
- 3Y*
- -64.71%
- 5Y*
- -84.33%
- 10Y*
- —
3MSE.L vs. 3PYE.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% | 190.91% |
3PYE.L Leverage Shares 3x PayPal ETP Securities EUR | -72.82% | -85.07% | 59.76% | -60.67% | -98.90% | -63.00% |
Correlation
The correlation between 3MSE.L and 3PYE.L is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2021 | 0.35 |
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Return for Risk
3MSE.L vs. 3PYE.L — Risk / Return Rank
3MSE.L
3PYE.L
3MSE.L vs. 3PYE.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 PayPal ETP Securities EUR (3PYE.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 | 3PYE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +1.13 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.79 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.59 | -0.97 | +0.38 |
| Martin ratioReturn relative to average drawdown | -1.02 | -1.41 | +0.38 |
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 | 3PYE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.56 | -0.78 | +0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.03 | -0.70 | +0.73 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | -0.69 | +0.72 |
Drawdowns
3MSE.L vs. 3PYE.L - Drawdown Comparison
The maximum 3MSE.L drawdown since its inception was -82.27%, smaller than the maximum 3PYE.L drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for 3MSE.L and 3PYE.L.
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Drawdown Indicators
| 3MSE.L | 3PYE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.27% | -100.00% | +17.73% |
Max Drawdown (1Y)Largest decline over 1 year | -76.12% | -92.47% | +16.35% |
Max Drawdown (3Y)Largest decline over 3 years | -76.12% | -97.62% | +21.50% |
Max Drawdown (5Y)Largest decline over 5 years | -82.27% | -100.00% | +17.73% |
Current DrawdownCurrent decline from peak | -62.77% | -99.99% | +37.22% |
Average DrawdownAverage peak-to-trough decline | -37.79% | -89.29% | +51.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.75% | 63.77% | -20.02% |
Volatility
3MSE.L vs. 3PYE.L - Volatility Comparison
Leverage Shares 3x Microsoft ETP EUR (3MSE.L) has a higher volatility of 30.73% compared to Leverage Shares 3x PayPal ETP Securities EUR (3PYE.L) at 22.34%. This indicates that 3MSE.L's price experiences larger fluctuations and is considered to be riskier than 3PYE.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 | 3PYE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.73% | 22.34% | +8.39% |
Volatility (6M)Calculated over the trailing 6-month period | 75.06% | 108.55% | -33.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 79.14% | 115.23% | -36.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 78.61% | 121.21% | -42.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 80.17% | 119.95% | -39.78% |
3MSE.L vs. 3PYE.L - Expense Ratio Comparison
Both 3MSE.L and 3PYE.L have an expense ratio of 0.75%.
Dividends
3MSE.L vs. 3PYE.L - Dividend Comparison
Neither 3MSE.L nor 3PYE.L has paid dividends to shareholders.
Frequently Asked Questions
3MSE.L and 3PYE.L have a correlation of 0.33, 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 3PYE.L have the same expense ratio: 0.75% per year.
3MSE.L tracks iSTOXX Leveraged 3X MSFT Index, while 3PYE.L tracks iSTOXX Leveraged 3x PYPL Index.
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