3MSF.L vs. 3AMD.L
3MSF.L (Leverage Shares 3x Microsoft ETP GBP) and 3AMD.L (Leverage Shares 3x AMD ETC GBP) are both Leveraged Equities funds from Leverage Shares - 3MSF.L tracks the iSTOXX Leveraged 3X MSFT Index while 3AMD.L tracks the iSTOXX Leveraged 3x AMD Index. Both are passively managed. Over the past 3 years, 3MSF.L returned -9.44%/yr vs 51.93%/yr for 3AMD.L. At a 0.45 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3MSF.L vs. 3AMD.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3MSF.L achieves a -45.14% return, which is significantly lower than 3AMD.L's 658.07% return.
3MSF.L
- 1D
- -11.81%
- 1M
- 6.51%
- YTD
- -45.14%
- 6M
- -44.62%
- 1Y
- -44.21%
- 3Y*
- -9.44%
- 5Y*
- 0.77%
- 10Y*
- —
3AMD.L
- 1D
- 11.54%
- 1M
- 184.55%
- YTD
- 658.07%
- 6M
- 604.25%
- 1Y
- 2,384.13%
- 3Y*
- 51.93%
- 5Y*
- —
- 10Y*
- —
3MSF.L vs. 3AMD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
3MSF.L Leverage Shares 3x Microsoft ETP GBP | -45.14% | -1.14% | 15.47% | 170.19% | -74.05% | 93.45% |
3AMD.L Leverage Shares 3x AMD ETC GBP | 658.07% | 53.77% | -76.38% | 448.82% | -97.41% | 265.31% |
Correlation
The correlation between 3MSF.L and 3AMD.L is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2021 | 0.45 |
Over the past year, the correlation between 3MSF.L and 3AMD.L has dropped to 0.22 - well below their long-term average of 0.45, suggesting their price drivers have been diverging.
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Return for Risk
3MSF.L vs. 3AMD.L — Risk / Return Rank
3MSF.L
3AMD.L
3MSF.L vs. 3AMD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Microsoft ETP GBP (3MSF.L) and Leverage Shares 3x AMD ETC GBP (3AMD.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.
| 3MSF.L | 3AMD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -12.98 | ||
| Sortino ratioReturn per unit of downside risk | -5.07 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.61 | -0.65 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | 30.82 | -31.37 |
| Martin ratioReturn relative to average drawdown | -0.93 | 56.95 | -57.88 |
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
| 3MSF.L | 3AMD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.50 | 12.48 | -12.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | 0.05 | +0.08 |
Drawdowns
3MSF.L vs. 3AMD.L - Drawdown Comparison
The maximum 3MSF.L drawdown since its inception was -81.42%, smaller than the maximum 3AMD.L drawdown of -99.50%. Use the drawdown chart below to compare losses from any high point for 3MSF.L and 3AMD.L.
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Drawdown Indicators
| 3MSF.L | 3AMD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.42% | -99.50% | +18.08% |
Max Drawdown (1Y)Largest decline over 1 year | -79.39% | -76.34% | -3.05% |
Max Drawdown (3Y)Largest decline over 3 years | -79.39% | -97.93% | +18.54% |
Max Drawdown (5Y)Largest decline over 5 years | -81.42% | — | — |
Current DrawdownCurrent decline from peak | -68.80% | -71.32% | +2.52% |
Average DrawdownAverage peak-to-trough decline | -36.10% | -84.94% | +48.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 47.63% | 41.40% | +6.23% |
Volatility
3MSF.L vs. 3AMD.L - Volatility Comparison
The current volatility for Leverage Shares 3x Microsoft ETP GBP (3MSF.L) is 31.08%, while Leverage Shares 3x AMD ETC GBP (3AMD.L) has a volatility of 68.82%. This indicates that 3MSF.L experiences smaller price fluctuations and is considered to be less risky than 3AMD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3MSF.L | 3AMD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 31.08% | 68.82% | -37.74% |
Volatility (6M)Calculated over the trailing 6-month period | 75.06% | 134.33% | -59.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 88.42% | 188.76% | -100.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 80.52% | 158.33% | -77.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 80.24% | 158.33% | -78.09% |
3MSF.L vs. 3AMD.L - Expense Ratio Comparison
Both 3MSF.L and 3AMD.L have an expense ratio of 0.75%.
Dividends
3MSF.L vs. 3AMD.L - Dividend Comparison
Neither 3MSF.L nor 3AMD.L has paid dividends to shareholders.
Frequently Asked Questions
3MSF.L and 3AMD.L have a correlation of 0.22, 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.
3MSF.L and 3AMD.L have the same expense ratio: 0.75% per year.
3MSF.L tracks iSTOXX Leveraged 3X MSFT Index, while 3AMD.L tracks iSTOXX Leveraged 3x AMD Index.
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