3NFE.L vs. 3AMZ.L
3NFE.L (Leverage Shares 3x Netflix ETP Securities EUR) and 3AMZ.L (Leverage Shares 3x Amazon ETC) are both Leveraged Equities funds from Leverage Shares - 3NFE.L tracks the iSTOXX Leveraged 3X NFLX Index while 3AMZ.L tracks the iSTOXX Leveraged 3X AMZN Index. Both are passively managed. Over the past 5 years, 3NFE.L returned 13.68%/yr vs -24.81%/yr for 3AMZ.L. At a 0.44 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3NFE.L vs. 3AMZ.L - Performance Comparison
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Different Trading Currencies
3NFE.L is traded in EUR, while 3AMZ.L is traded in USD. To make them comparable, the 3AMZ.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, 3NFE.L achieves a -63.59% return, which is significantly lower than 3AMZ.L's -3.38% return.
3NFE.L
- 1D
- -0.95%
- 1M
- -44.91%
- YTD
- -63.59%
- 6M
- -63.49%
- 1Y
- -89.25%
- 3Y*
- 334.61%
- 5Y*
- 13.68%
- 10Y*
- —
3AMZ.L
- 1D
- 0.00%
- 1M
- -23.19%
- YTD
- -3.38%
- 6M
- -3.31%
- 1Y
- -2.18%
- 3Y*
- 15.67%
- 5Y*
- -24.81%
- 10Y*
- —
3NFE.L vs. 3AMZ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
3NFE.L Leverage Shares 3x Netflix ETP Securities EUR | -63.59% | -42.85% | 343.46% | 23,288.32% | -99.41% | 23.97% | 31.07% |
3AMZ.L Leverage Shares 3x Amazon ETC | -3.38% | -45.74% | 124.73% | 257.24% | -93.94% | -4.09% | 58.42% |
Correlation
The correlation between 3NFE.L and 3AMZ.L is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.44 |
The correlation between 3NFE.L and 3AMZ.L shifts across timeframes, from 0.29 (1 year) to 0.44 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
3NFE.L vs. 3AMZ.L — Risk / Return Rank
3NFE.L
3AMZ.L
3NFE.L vs. 3AMZ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Netflix ETP Securities EUR (3NFE.L) and Leverage Shares 3x Amazon ETC (3AMZ.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| 3NFE.L | 3AMZ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -3.05 | ||
| Omega ratioGain probability vs. loss probability | 0.71 | 1.09 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | -0.04 | -0.95 |
| Martin ratioReturn relative to average drawdown | -1.41 | -0.07 | -1.34 |
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Drawdowns
3NFE.L vs. 3AMZ.L - Drawdown Comparison
The maximum 3NFE.L drawdown since its inception was -99.84%, roughly equal to the maximum 3AMZ.L drawdown of -96.28%. Use the drawdown chart below to compare losses from any high point for 3NFE.L and 3AMZ.L.
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Drawdown Indicators
| 3NFE.L | 3AMZ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.84% | -96.28% | -3.56% |
Max Drawdown (1Y)Largest decline over 1 year | -90.13% | -61.26% | -28.87% |
Max Drawdown (3Y)Largest decline over 3 years | -90.13% | -75.30% | -14.83% |
Max Drawdown (5Y)Largest decline over 5 years | -99.84% | -95.90% | -3.94% |
Current DrawdownCurrent decline from peak | -90.13% | -83.90% | -6.23% |
Average DrawdownAverage peak-to-trough decline | -51.39% | -68.72% | +17.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 63.30% | 30.84% | +32.46% |
Volatility
3NFE.L vs. 3AMZ.L - Volatility Comparison
The current volatility for Leverage Shares 3x Netflix ETP Securities EUR (3NFE.L) is 22.62%, while Leverage Shares 3x Amazon ETC (3AMZ.L) has a volatility of 30.07%. This indicates that 3NFE.L experiences smaller price fluctuations and is considered to be less risky than 3AMZ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3NFE.L | 3AMZ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.62% | 30.07% | -7.45% |
Volatility (6M)Calculated over the trailing 6-month period | 77.54% | 74.08% | +3.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 95.21% | 103.42% | -8.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3,364.49% | 103.99% | +3,260.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3,054.31% | 101.93% | +2,952.38% |
3NFE.L vs. 3AMZ.L - Expense Ratio Comparison
Both 3NFE.L and 3AMZ.L have an expense ratio of 0.75%.
Dividends
3NFE.L vs. 3AMZ.L - Dividend Comparison
Neither 3NFE.L nor 3AMZ.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
3AMZ.L Leverage Shares 3x Amazon ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
3NFE.L Leverage Shares 3x Netflix ETP Securities EUR | 0.00% | 0.00% | 0.00% | 0.00% | 195.88% |
Frequently Asked Questions
3NFE.L and 3AMZ.L have a correlation of 0.29, 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.
3NFE.L and 3AMZ.L have the same expense ratio: 0.75% per year.
3NFE.L tracks iSTOXX Leveraged 3X NFLX Index, while 3AMZ.L tracks iSTOXX Leveraged 3X AMZN Index.
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