3MST.L vs. TSLI.L
3MST.L (Leverage Shares 3x Long MicroStrategy ETP) and TSLI.L (IncomeShares Tesla TSLA Options ETP) are both exchange-traded funds - 3MST.L is a Leveraged Equities fund tracking the Euronext 3x Long MicroStrategy Index, while TSLI.L is a Derivative Income fund actively managed by Leverage Shares. 3MST.L is passively managed, while TSLI.L is actively managed. Over the past year, 3MST.L returned -99.29% vs 46.91% for TSLI.L. At a 0.40 correlation, their price movements are largely independent. 3MST.L charges 0.75%/yr vs 0.55%/yr for TSLI.L.
Performance
3MST.L vs. TSLI.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3MST.L achieves a -78.63% return, which is significantly lower than TSLI.L's -9.68% return.
3MST.L
- 1D
- -8.62%
- 1M
- -71.71%
- YTD
- -78.63%
- 6M
- -88.77%
- 1Y
- -99.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSLI.L
- 1D
- -3.56%
- 1M
- -0.94%
- YTD
- -9.68%
- 6M
- -8.09%
- 1Y
- 46.91%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3MST.L vs. TSLI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
3MST.L Leverage Shares 3x Long MicroStrategy ETP | -78.63% | -98.41% | 164.28% |
TSLI.L IncomeShares Tesla TSLA Options ETP | -9.68% | 40.52% | 15.49% |
Correlation
The correlation between 3MST.L and TSLI.L is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2024 | 0.40 |
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Return for Risk
3MST.L vs. TSLI.L — Risk / Return Rank
3MST.L
TSLI.L
3MST.L vs. TSLI.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 Tesla TSLA Options ETP (TSLI.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 | TSLI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.75 | ||
| Sortino ratioReturn per unit of downside risk | -3.86 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 1.22 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -1.00 | 1.87 | -2.87 |
| Martin ratioReturn relative to average drawdown | -1.21 | 4.75 | -5.96 |
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
| 3MST.L | TSLI.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.50 | 1.25 | -1.75 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.40 | 0.71 | -1.11 |
Drawdowns
3MST.L vs. TSLI.L - Drawdown Comparison
The maximum 3MST.L drawdown since its inception was -99.94%, which is greater than TSLI.L's maximum drawdown of -41.20%. Use the drawdown chart below to compare losses from any high point for 3MST.L and TSLI.L.
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Drawdown Indicators
| 3MST.L | TSLI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.94% | -41.20% | -58.74% |
Max Drawdown (1Y)Largest decline over 1 year | -99.53% | -24.94% | -74.59% |
Current DrawdownCurrent decline from peak | -99.94% | -15.33% | -84.61% |
Average DrawdownAverage peak-to-trough decline | -85.39% | -12.03% | -73.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 82.32% | 9.82% | +72.50% |
Volatility
3MST.L vs. TSLI.L - Volatility Comparison
Leverage Shares 3x Long MicroStrategy ETP (3MST.L) has a higher volatility of 61.01% compared to IncomeShares Tesla TSLA Options ETP (TSLI.L) at 12.09%. This indicates that 3MST.L's price experiences larger fluctuations and is considered to be riskier than TSLI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3MST.L | TSLI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 61.01% | 12.09% | +48.92% |
Volatility (6M)Calculated over the trailing 6-month period | 160.17% | 25.47% | +134.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 198.97% | 37.64% | +161.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 236.29% | 43.19% | +193.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 236.29% | 43.19% | +193.10% |
3MST.L vs. TSLI.L - Expense Ratio Comparison
3MST.L has a 0.75% expense ratio, which is higher than TSLI.L's 0.55% expense ratio.
Dividends
3MST.L vs. TSLI.L - Dividend Comparison
3MST.L has not paid dividends to shareholders, while TSLI.L's dividend yield for the trailing twelve months is around 74.25%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
3MST.L Leverage Shares 3x Long MicroStrategy ETP | 0.00% | 0.00% | 0.00% |
TSLI.L IncomeShares Tesla TSLA Options ETP | 74.25% | 73.68% | 19.21% |
Frequently Asked Questions
3MST.L and TSLI.L have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TSLI.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TSLI.L is cheaper with a 0.55% expense ratio, compared with 0.75% for 3MST.L.
3MST.L is categorized as Leveraged Equities, while TSLI.L is Derivative Income. Their fees differ too: 0.75% for 3MST.L and 0.55% for TSLI.L.
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