3MSF.L vs. COII.L
3MSF.L (Leverage Shares 3x Microsoft ETP GBP) and COII.L (IncomeShares Coinbase (COIN) Options ETP GBP) are both exchange-traded funds - 3MSF.L is a Leveraged Equities fund tracking the iSTOXX Leveraged 3X MSFT Index, while COII.L is a Derivative Income fund actively managed by Leverage Shares. 3MSF.L is passively managed, while COII.L is actively managed. Over the past year, 3MSF.L returned -44.21% vs -65.62% for COII.L. At a 0.40 correlation, their price movements are largely independent. 3MSF.L charges 0.75%/yr vs 0.55%/yr for COII.L.
Performance
3MSF.L vs. COII.L - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with 3MSF.L having a -45.14% return and COII.L slightly higher at -44.16%.
3MSF.L
- 1D
- -11.81%
- 1M
- 6.51%
- YTD
- -45.14%
- 6M
- -44.62%
- 1Y
- -44.21%
- 3Y*
- -9.44%
- 5Y*
- 0.77%
- 10Y*
- —
COII.L
- 1D
- -4.28%
- 1M
- -9.19%
- YTD
- -44.16%
- 6M
- -51.16%
- 1Y
- -65.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3MSF.L vs. COII.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
3MSF.L Leverage Shares 3x Microsoft ETP GBP | -45.14% | -1.14% | -3.00% |
COII.L IncomeShares Coinbase (COIN) Options ETP GBP | -44.16% | -47.27% | 15.90% |
Correlation
The correlation between 3MSF.L and COII.L is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2024 | 0.40 |
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Return for Risk
3MSF.L vs. COII.L — Risk / Return Rank
3MSF.L
COII.L
3MSF.L vs. COII.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 IncomeShares Coinbase (COIN) Options ETP GBP (COII.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 | COII.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +1.60 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 0.77 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | -0.88 | +0.32 |
| Martin ratioReturn relative to average drawdown | -0.93 | -1.34 | +0.41 |
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 | COII.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.50 | -1.09 | +0.59 |
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 | -0.80 | +0.94 |
Drawdowns
3MSF.L vs. COII.L - Drawdown Comparison
The maximum 3MSF.L drawdown since its inception was -81.42%, which is greater than COII.L's maximum drawdown of -76.00%. Use the drawdown chart below to compare losses from any high point for 3MSF.L and COII.L.
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Drawdown Indicators
| 3MSF.L | COII.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.42% | -76.00% | -5.42% |
Max Drawdown (1Y)Largest decline over 1 year | -79.39% | -74.77% | -4.62% |
Max Drawdown (3Y)Largest decline over 3 years | -79.39% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -81.42% | — | — |
Current DrawdownCurrent decline from peak | -68.80% | -74.84% | +6.04% |
Average DrawdownAverage peak-to-trough decline | -36.10% | -34.04% | -2.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 47.63% | 48.94% | -1.31% |
Volatility
3MSF.L vs. COII.L - Volatility Comparison
Leverage Shares 3x Microsoft ETP GBP (3MSF.L) has a higher volatility of 31.08% compared to IncomeShares Coinbase (COIN) Options ETP GBP (COII.L) at 16.63%. This indicates that 3MSF.L's price experiences larger fluctuations and is considered to be riskier than COII.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 | COII.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 31.08% | 16.63% | +14.45% |
Volatility (6M)Calculated over the trailing 6-month period | 75.06% | 41.76% | +33.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 88.42% | 60.42% | +28.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 80.52% | 58.77% | +21.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 80.24% | 58.77% | +21.47% |
3MSF.L vs. COII.L - Expense Ratio Comparison
3MSF.L has a 0.75% expense ratio, which is higher than COII.L's 0.55% expense ratio.
Dividends
3MSF.L vs. COII.L - Dividend Comparison
3MSF.L has not paid dividends to shareholders, while COII.L's dividend yield for the trailing twelve months is around 104.98%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
3MSF.L Leverage Shares 3x Microsoft ETP GBP | 0.00% | 0.00% | 0.00% |
COII.L IncomeShares Coinbase (COIN) Options ETP GBP | 104.98% | 191.72% | 18.99% |
Frequently Asked Questions
3MSF.L and COII.L have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, COII.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
COII.L is cheaper with a 0.55% expense ratio, compared with 0.75% for 3MSF.L.
3MSF.L is categorized as Leveraged Equities, while COII.L is Derivative Income. Their fees differ too: 0.75% for 3MSF.L and 0.55% for COII.L.
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