3SPY.L vs. 3ARE.L

Last updated Apr 2, 2026

Compare and contrast key facts about Leverage Shares 3x Long US 500 ETP Securities (3SPY.L) and Leverage Shares 3x Long ARK Innovation ETC EUR (3ARE.L).

3SPY.L and 3ARE.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 3SPY.L is an actively managed fund by Leverage Shares. It was launched on Jun 6, 2022. 3ARE.L is an actively managed fund by Leverage Shares. It was launched on Dec 10, 2021.

Performance

3SPY.L vs. 3ARE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 3x Long US 500 ETP Securities (3SPY.L) and Leverage Shares 3x Long ARK Innovation ETC EUR (3ARE.L). The values are adjusted to include any dividend payments, if applicable.

3SPY.L vs. 3ARE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
3SPY.L Leverage Shares 3x Long US 500 ETP Securities	-15.38%	12.38%	63.74%	58.23%	-41.50%
3ARE.L Leverage Shares 3x Long ARK Innovation ETC EUR	-40.62%	10.91%	-29.08%	193.21%	-83.12%

Different Trading Currencies

3SPY.L is traded in USD, while 3ARE.L is traded in EUR. To make them comparable, the 3ARE.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, 3SPY.L achieves a -15.38% return, which is significantly higher than 3ARE.L's -40.62% return.

3SPY.L

• 1D: 5.65%
• 1M: -12.19%
• YTD: -15.38%
• 6M: -11.70%
• 1Y: 21.42%
• 3Y*: 29.62%
• 5Y*: —
• 10Y*: —

3ARE.L

• 1D: 14.75%
• 1M: -20.53%
• YTD: -40.62%
• 6M: -64.22%
• 1Y: 43.69%
• 3Y*: -8.57%
• 5Y*: —
• 10Y*: —

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

3SPY.L vs. 3ARE.L - Expense Ratio Comparison

3SPY.L has a 0.01% expense ratio, which is lower than 3ARE.L's 0.75% expense ratio.

3ARE.L

Leverage Shares 3x Long ARK Innovation ETC EUR

3SPY.L

Leverage Shares 3x Long US 500 ETP Securities

Return for Risk

3SPY.L vs. 3ARE.L — Risk / Return Rank

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

3SPY.L

3SPY.L Risk / Return Rank: 25
3SPY.L Sharpe Ratio Rank: 19
3SPY.L Sortino Ratio Rank: 30
3SPY.L Omega Ratio Rank: 39
3SPY.L Calmar Ratio Rank: 20
3SPY.L Martin Ratio Rank: 18

3ARE.L

3ARE.L Risk / Return Rank: 25
3ARE.L Sharpe Ratio Rank: 19
3ARE.L Sortino Ratio Rank: 39
3ARE.L Omega Ratio Rank: 33
3ARE.L Calmar Ratio Rank: 19
3ARE.L Martin Ratio Rank: 17

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.

3SPY.L vs. 3ARE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long US 500 ETP Securities (3SPY.L) and Leverage Shares 3x Long ARK Innovation ETC EUR (3ARE.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.

	3SPY.L	3ARE.L	Difference
Sharpe ratio Return per unit of total volatility	0.30	0.40	-0.10
Sortino ratio Return per unit of downside risk	0.98	1.29	-0.31
Omega ratio Gain probability vs. loss probability	1.17	1.16	+0.01
Calmar ratio Return relative to maximum drawdown	0.49	0.52	-0.03
Martin ratio Return relative to average drawdown	1.09	1.13	-0.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

3SPY.L vs. 3ARE.L - Sharpe Ratio Comparison

The current 3SPY.L Sharpe Ratio is 0.30, which is comparable to the 3ARE.L Sharpe Ratio of 0.40. The chart below compares the historical Sharpe Ratios of 3SPY.L and 3ARE.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	3SPY.L	3ARE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.30	0.40	-0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	-0.49	+0.68

Correlation

The correlation between 3SPY.L and 3ARE.L is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

3SPY.L vs. 3ARE.L - Dividend Comparison

Neither 3SPY.L nor 3ARE.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

3SPY.L vs. 3ARE.L - Drawdown Comparison

The maximum 3SPY.L drawdown since its inception was -56.70%, smaller than the maximum 3ARE.L drawdown of -99.63%. Use the drawdown chart below to compare losses from any high point for 3SPY.L and 3ARE.L.

Drawdown Indicators

	3SPY.L	3ARE.L	Difference
Max Drawdown Largest peak-to-trough decline	-56.70%	-99.62%	+42.92%
Max Drawdown (1Y) Largest decline over 1 year	-41.60%	-73.63%	+32.03%
Current Drawdown Current decline from peak	-36.78%	-99.11%	+62.33%
Average Drawdown Average peak-to-trough decline	-20.38%	-95.51%	+75.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.78%	34.64%	-15.86%

Volatility

3SPY.L vs. 3ARE.L - Volatility Comparison

The current volatility for Leverage Shares 3x Long US 500 ETP Securities (3SPY.L) is 12.87%, while Leverage Shares 3x Long ARK Innovation ETC EUR (3ARE.L) has a volatility of 31.85%. This indicates that 3SPY.L experiences smaller price fluctuations and is considered to be less risky than 3ARE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	3SPY.L	3ARE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.87%	31.85%	-18.98%
Volatility (6M) Calculated over the trailing 6-month period	48.20%	75.95%	-27.75%
Volatility (1Y) Calculated over the trailing 1-year period	70.54%	108.88%	-38.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.52%	134.15%	-81.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.52%	134.15%	-81.63%