3MSE.L vs. MAGD.L
3MSE.L (Leverage Shares 3x Microsoft ETP EUR) and MAGD.L (IncomeShares Magnificent 7 Options ETP) are both exchange-traded funds - 3MSE.L is a Leveraged Equities fund tracking the iSTOXX Leveraged 3X MSFT Index, while MAGD.L is a Derivative Income fund actively managed by Leverage Shares. 3MSE.L is passively managed, while MAGD.L is actively managed. At a 0.44 correlation, their price movements are largely independent. 3MSE.L charges 0.75%/yr vs 0.45%/yr for MAGD.L.
Performance
3MSE.L vs. MAGD.L - Performance Comparison
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Different Trading Currencies
3MSE.L is traded in EUR, while MAGD.L is traded in USD. To make them comparable, the MAGD.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 -43.10% return, which is significantly lower than MAGD.L's -16.03% 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*
- —
MAGD.L
- 1D
- 0.83%
- 1M
- -0.28%
- YTD
- -16.03%
- 6M
- -16.61%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3MSE.L vs. MAGD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
3MSE.L Leverage Shares 3x Microsoft ETP EUR | -43.10% | -17.45% |
MAGD.L IncomeShares Magnificent 7 Options ETP | -16.03% | 11.28% |
Correlation
The correlation between 3MSE.L and MAGD.L is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025 | 0.44 |
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Return for Risk
3MSE.L vs. MAGD.L — Risk / Return Rank
3MSE.L
MAGD.L
3MSE.L vs. MAGD.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 IncomeShares Magnificent 7 Options ETP (MAGD.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 | MAGD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.94 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.59 | — | — |
| Martin ratioReturn relative to average drawdown | -1.02 | — | — |
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 | MAGD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.56 | — | — |
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 | -0.32 | +0.35 |
Drawdowns
3MSE.L vs. MAGD.L - Drawdown Comparison
The maximum 3MSE.L drawdown since its inception was -82.27%, which is greater than MAGD.L's maximum drawdown of -27.42%. Use the drawdown chart below to compare losses from any high point for 3MSE.L and MAGD.L.
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Drawdown Indicators
| 3MSE.L | MAGD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.27% | -27.42% | -54.85% |
Max Drawdown (1Y)Largest decline over 1 year | -76.12% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -76.12% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -82.27% | — | — |
Current DrawdownCurrent decline from peak | -62.77% | -23.79% | -38.98% |
Average DrawdownAverage peak-to-trough decline | -37.79% | -11.52% | -26.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.75% | — | — |
Volatility
3MSE.L vs. MAGD.L - Volatility Comparison
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Volatility by Period
| 3MSE.L | MAGD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.73% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 75.06% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 79.14% | 21.77% | +57.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 78.61% | 21.77% | +56.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 80.17% | 21.77% | +58.40% |
3MSE.L vs. MAGD.L - Expense Ratio Comparison
3MSE.L has a 0.75% expense ratio, which is higher than MAGD.L's 0.45% expense ratio.
Dividends
3MSE.L vs. MAGD.L - Dividend Comparison
3MSE.L has not paid dividends to shareholders, while MAGD.L's dividend yield for the trailing twelve months is around 0.39%.
| Position | TTM | 2025 |
|---|---|---|
3MSE.L Leverage Shares 3x Microsoft ETP EUR | 0.00% | 0.00% |
MAGD.L IncomeShares Magnificent 7 Options ETP | 0.39% | 0.07% |
Frequently Asked Questions
3MSE.L and MAGD.L have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MAGD.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MAGD.L is cheaper with a 0.45% expense ratio, compared with 0.75% for 3MSE.L.
3MSE.L is categorized as Leveraged Equities, while MAGD.L is Derivative Income. Their fees differ too: 0.75% for 3MSE.L and 0.45% for MAGD.L.
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