3MSE.L vs. AMD3.L
3MSE.L (Leverage Shares 3x Microsoft ETP EUR) and AMD3.L (Leverage Shares 3x AMD ETP Securities) are both Leveraged Equities funds from Leverage Shares - 3MSE.L tracks the iSTOXX Leveraged 3X MSFT Index while AMD3.L tracks the iSTOXX Leveraged 3x AMD Index. Both are passively managed. Over the past 5 years, 3MSE.L returned 2.24%/yr vs 11.55%/yr for AMD3.L. At a 0.45 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3MSE.L vs. AMD3.L - Performance Comparison
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Different Trading Currencies
3MSE.L is traded in EUR, while AMD3.L is traded in USD. To make them comparable, the AMD3.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 AMD3.L's 674.36% 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*
- —
AMD3.L
- 1D
- 12.75%
- 1M
- 186.81%
- YTD
- 674.36%
- 6M
- 621.52%
- 1Y
- 2,346.38%
- 3Y*
- 52.18%
- 5Y*
- 11.55%
- 10Y*
- —
3MSE.L vs. AMD3.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
3MSE.L Leverage Shares 3x Microsoft ETP EUR | -44.05% | -6.09% | 20.99% | 175.47% | -76.35% | 157.48% |
AMD3.L Leverage Shares 3x AMD ETP Securities | 674.36% | 45.61% | -75.24% | 462.70% | -97.39% | 392.64% |
Correlation
The correlation between 3MSE.L and AMD3.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 | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since May 25, 2021 | 0.45 |
Over the past year, the correlation between 3MSE.L and AMD3.L has dropped to 0.23 - well below their long-term average of 0.45, suggesting their price drivers have been diverging.
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Return for Risk
3MSE.L vs. AMD3.L — Risk / Return Rank
3MSE.L
AMD3.L
3MSE.L vs. AMD3.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 AMD ETP Securities (AMD3.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 | AMD3.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -12.77 | ||
| Sortino ratioReturn per unit of downside risk | -5.21 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.61 | -0.67 |
| Calmar ratioReturn relative to maximum drawdown | -0.59 | 30.43 | -31.03 |
| Martin ratioReturn relative to average drawdown | -1.04 | 56.20 | -57.24 |
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 | AMD3.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.57 | 12.20 | -12.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.03 | 0.07 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | 0.10 | -0.07 |
Drawdowns
3MSE.L vs. AMD3.L - Drawdown Comparison
The maximum 3MSE.L drawdown since its inception was -82.27%, smaller than the maximum AMD3.L drawdown of -99.50%. Use the drawdown chart below to compare losses from any high point for 3MSE.L and AMD3.L.
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Drawdown Indicators
| 3MSE.L | AMD3.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.27% | -99.50% | +17.23% |
Max Drawdown (1Y)Largest decline over 1 year | -76.12% | -76.09% | -0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -76.12% | -97.92% | +21.80% |
Max Drawdown (5Y)Largest decline over 5 years | -82.27% | -99.50% | +17.23% |
Current DrawdownCurrent decline from peak | -63.40% | -71.82% | +8.42% |
Average DrawdownAverage peak-to-trough decline | -37.77% | -83.31% | +45.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.57% | 41.28% | +2.29% |
Volatility
3MSE.L vs. AMD3.L - Volatility Comparison
The current volatility for Leverage Shares 3x Microsoft ETP EUR (3MSE.L) is 30.83%, while Leverage Shares 3x AMD ETP Securities (AMD3.L) has a volatility of 69.68%. This indicates that 3MSE.L experiences smaller price fluctuations and is considered to be less risky than AMD3.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 | AMD3.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.83% | 69.68% | -38.85% |
Volatility (6M)Calculated over the trailing 6-month period | 75.05% | 134.61% | -59.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 79.14% | 189.98% | -110.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 78.61% | 156.72% | -78.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 80.19% | 156.35% | -76.16% |
3MSE.L vs. AMD3.L - Expense Ratio Comparison
Both 3MSE.L and AMD3.L have an expense ratio of 0.75%.
Dividends
3MSE.L vs. AMD3.L - Dividend Comparison
Neither 3MSE.L nor AMD3.L has paid dividends to shareholders.
Frequently Asked Questions
3MSE.L and AMD3.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 AMD3.L have the same expense ratio: 0.75% per year.
3MSE.L tracks iSTOXX Leveraged 3X MSFT Index, while AMD3.L tracks iSTOXX Leveraged 3x AMD Index.
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