3TSE.L vs. 3SPY.L
Compare and contrast key facts about Leverage Shares 3x Tesla ETP Securities EUR (3TSE.L) and Leverage Shares 3x Long US 500 ETP Securities (3SPY.L).
3TSE.L and 3SPY.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 3TSE.L is a passively managed fund by Leverage Shares that tracks the performance of the iSTOXX Leveraged 3x TSLA Index. It was launched on Mar 15, 2021. 3SPY.L is an actively managed fund by Leverage Shares. It was launched on Jun 6, 2022.
Performance
3TSE.L vs. 3SPY.L - Performance Comparison
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3TSE.L vs. 3SPY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
3TSE.L Leverage Shares 3x Tesla ETP Securities EUR | -54.48% | -73.03% | 31.43% | 225.06% | -93.87% |
3SPY.L Leverage Shares 3x Long US 500 ETP Securities | -18.64% | -0.95% | 74.55% | 53.49% | -41.55% |
Different Trading Currencies
3TSE.L is traded in EUR, while 3SPY.L is traded in USD. To make them comparable, the 3SPY.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, 3TSE.L achieves a -54.48% return, which is significantly lower than 3SPY.L's -18.64% return.
3TSE.L
- 1D
- 0.95%
- 1M
- -27.40%
- YTD
- -54.48%
- 6M
- -58.46%
- 1Y
- -1.81%
- 3Y*
- -45.25%
- 5Y*
- -59.27%
- 10Y*
- —
3SPY.L
- 1D
- 1.59%
- 1M
- -15.37%
- YTD
- -18.64%
- 6M
- -13.87%
- 1Y
- 12.36%
- 3Y*
- 24.57%
- 5Y*
- —
- 10Y*
- —
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3TSE.L vs. 3SPY.L - Expense Ratio Comparison
3TSE.L has a 0.75% expense ratio, which is higher than 3SPY.L's 0.01% expense ratio.
Return for Risk
3TSE.L vs. 3SPY.L — Risk / Return Rank
3TSE.L
3SPY.L
3TSE.L vs. 3SPY.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Tesla ETP Securities EUR (3TSE.L) and Leverage Shares 3x Long US 500 ETP Securities (3SPY.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.
| 3TSE.L | 3SPY.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.01 | 0.17 | -0.19 |
Sortino ratioReturn per unit of downside risk | 1.15 | 0.79 | +0.36 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.14 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | -0.38 | 0.18 | -0.56 |
Martin ratioReturn relative to average drawdown | -0.67 | 0.37 | -1.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 3TSE.L | 3SPY.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | 0.17 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.36 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.36 | 0.12 | -0.48 |
Correlation
The correlation between 3TSE.L and 3SPY.L is 0.50, 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
3TSE.L vs. 3SPY.L - Dividend Comparison
Neither 3TSE.L nor 3SPY.L has paid dividends to shareholders.
Drawdowns
3TSE.L vs. 3SPY.L - Drawdown Comparison
The maximum 3TSE.L drawdown since its inception was -99.84%, which is greater than 3SPY.L's maximum drawdown of -58.69%. Use the drawdown chart below to compare losses from any high point for 3TSE.L and 3SPY.L.
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Drawdown Indicators
| 3TSE.L | 3SPY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.84% | -56.70% | -43.14% |
Max Drawdown (1Y)Largest decline over 1 year | -64.56% | -41.60% | -22.96% |
Max Drawdown (5Y)Largest decline over 5 years | -99.84% | — | — |
Current DrawdownCurrent decline from peak | -99.75% | -40.16% | -59.59% |
Average DrawdownAverage peak-to-trough decline | -85.28% | -20.36% | -64.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.57% | 19.37% | +17.20% |
Volatility
3TSE.L vs. 3SPY.L - Volatility Comparison
Leverage Shares 3x Tesla ETP Securities EUR (3TSE.L) has a higher volatility of 27.02% compared to Leverage Shares 3x Long US 500 ETP Securities (3SPY.L) at 11.31%. This indicates that 3TSE.L's price experiences larger fluctuations and is considered to be riskier than 3SPY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3TSE.L | 3SPY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.02% | 11.31% | +15.71% |
Volatility (6M)Calculated over the trailing 6-month period | 80.56% | 48.07% | +32.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 153.49% | 70.72% | +82.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 165.77% | 52.21% | +113.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 166.06% | 52.21% | +113.85% |