3MST.L vs. MSTI.L
3MST.L (Leverage Shares 3x Long MicroStrategy ETP) and MSTI.L (IncomeShares Microstrategy (MSTR) Options ETP) are both exchange-traded funds - 3MST.L is a Leveraged Equities fund tracking the Euronext 3x Long MicroStrategy Index, while MSTI.L is a Derivative Income fund actively managed by Leverage Shares. 3MST.L is passively managed, while MSTI.L is actively managed. Their correlation of 0.89 suggests significant overlap in exposure. 3MST.L charges 0.75%/yr vs 0.55%/yr for MSTI.L.
Performance
3MST.L vs. MSTI.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, 3MST.L achieves a -78.63% return, which is significantly lower than MSTI.L's -55.10% return.
3MST.L
- 1D
- -8.62%
- 1M
- -71.71%
- YTD
- -78.63%
- 6M
- -88.77%
- 1Y
- -99.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTI.L
- 1D
- -3.56%
- 1M
- -36.16%
- YTD
- -55.10%
- 6M
- -60.57%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3MST.L vs. MSTI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
3MST.L Leverage Shares 3x Long MicroStrategy ETP | -78.63% | -96.83% |
MSTI.L IncomeShares Microstrategy (MSTR) Options ETP | -55.10% | -61.38% |
Correlation
The correlation between 3MST.L and MSTI.L is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025 | 0.89 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
3MST.L vs. MSTI.L — Risk / Return Rank
3MST.L
MSTI.L
3MST.L vs. MSTI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long MicroStrategy ETP (3MST.L) and IncomeShares Microstrategy (MSTR) Options ETP (MSTI.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.
| 3MST.L | MSTI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.78 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -1.00 | — | — |
| Martin ratioReturn relative to average drawdown | -1.21 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| 3MST.L | MSTI.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.50 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.40 | -1.36 | +0.96 |
Drawdowns
3MST.L vs. MSTI.L - Drawdown Comparison
The maximum 3MST.L drawdown since its inception was -99.94%, which is greater than MSTI.L's maximum drawdown of -85.28%. Use the drawdown chart below to compare losses from any high point for 3MST.L and MSTI.L.
Loading charts...
Drawdown Indicators
| 3MST.L | MSTI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.94% | -85.28% | -14.66% |
Max Drawdown (1Y)Largest decline over 1 year | -99.53% | — | — |
Current DrawdownCurrent decline from peak | -99.94% | -85.28% | -14.66% |
Average DrawdownAverage peak-to-trough decline | -85.39% | -52.74% | -32.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 82.32% | — | — |
Volatility
3MST.L vs. MSTI.L - Volatility Comparison
Loading charts...
Volatility by Period
| 3MST.L | MSTI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 61.01% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 160.17% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 198.97% | 62.48% | +136.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 236.29% | 62.48% | +173.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 236.29% | 62.48% | +173.81% |
3MST.L vs. MSTI.L - Expense Ratio Comparison
3MST.L has a 0.75% expense ratio, which is higher than MSTI.L's 0.55% expense ratio.
Dividends
3MST.L vs. MSTI.L - Dividend Comparison
3MST.L has not paid dividends to shareholders, while MSTI.L's dividend yield for the trailing twelve months is around 1.50%.
| Position | TTM | 2025 |
|---|---|---|
3MST.L Leverage Shares 3x Long MicroStrategy ETP | 0.00% | 0.00% |
MSTI.L IncomeShares Microstrategy (MSTR) Options ETP | 1.50% | 0.16% |
Frequently Asked Questions
3MST.L and MSTI.L have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MSTI.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MSTI.L is cheaper with a 0.55% expense ratio, compared with 0.75% for 3MST.L.
3MST.L is categorized as Leveraged Equities, while MSTI.L is Derivative Income. Their fees differ too: 0.75% for 3MST.L and 0.55% for MSTI.L.
Find the right allocation for 3MST.L and MSTI.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer