3NIE.L vs. MSTI.L

Last updated Jun 6, 2026

3NIE.L (Leverage Shares 3x Long NIO ETP Securities) and MSTI.L (IncomeShares Microstrategy (MSTR) Options ETP) are both exchange-traded funds - 3NIE.L is a Leveraged Equities fund tracking the iSTOXX Leveraged 3x NIO Index, while MSTI.L is a Derivative Income fund actively managed by Leverage Shares. 3NIE.L is passively managed, while MSTI.L is actively managed. 3NIE.L charges 0.75%/yr vs 0.55%/yr for MSTI.L.

Performance

3NIE.L vs. MSTI.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 3x Long NIO ETP Securities (3NIE.L) and IncomeShares Microstrategy (MSTR) Options ETP (MSTI.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

3NIE.L

• 1D: -17.01%
• 1M: -30.92%
• YTD: -41.42%
• 6M: -33.98%
• 1Y: -23.89%
• 3Y*: 19.74%
• 5Y*: —
• 10Y*: —

MSTI.L

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

3NIE.L vs. MSTI.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

3NIE.L

3NIE.L Risk / Return Rank: 13
3NIE.L Sharpe Ratio Rank: 8
3NIE.L Sortino Ratio Rank: 23
3NIE.L Omega Ratio Rank: 21
3NIE.L Calmar Ratio Rank: 7
3NIE.L Martin Ratio Rank: 8

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

3NIE.L vs. MSTI.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long NIO ETP Securities (3NIE.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.

	3NIE.L	MSTI.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.13	—	—
Sortino ratio: Return per unit of downside risk	1.18	—	—
Omega ratio: Gain probability vs. loss probability	1.13	—	—
Calmar ratio: Return relative to maximum drawdown	-0.27	—	—
Martin ratio: Return relative to average drawdown	-0.39	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	3NIE.L	MSTI.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.13	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.00	—	—

Drawdowns

Drawdown Indicators

	3NIE.L	MSTI.L	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-87.45%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-99.86%	—	—
Current Drawdown Current decline from peak	-99.94%	—	—
Average Drawdown Average peak-to-trough decline	-96.84%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	60.58%	—	—

Volatility

Volatility by Period

	3NIE.L	MSTI.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	59.79%	—	—
Volatility (6M) Calculated over the trailing 6-month period	120.67%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	180.08%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29,796.18%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29,796.18%	—	—

3NIE.L vs. MSTI.L - Expense Ratio Comparison

3NIE.L has a 0.75% expense ratio, which is higher than MSTI.L's 0.55% expense ratio.

Dividends

3NIE.L vs. MSTI.L - Dividend Comparison

Neither 3NIE.L nor MSTI.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Which ETF is better, 3NIE.L or MSTI.L?

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.

Which ETF is cheaper, 3NIE.L or MSTI.L?

MSTI.L is cheaper with a 0.55% expense ratio, compared with 0.75% for 3NIE.L.

What is the main difference between 3NIE.L and MSTI.L?

3NIE.L is categorized as Leveraged Equities, while MSTI.L is Derivative Income. Their fees differ too: 0.75% for 3NIE.L and 0.55% for MSTI.L.