3TSM.L vs. 3NFE.L

Last updated Apr 1, 2026

Compare and contrast key facts about Leverage Shares 3x Long Taiwan Semiconductor (TSM) ETP Securities (3TSM.L) and Leverage Shares 3x Netflix ETP Securities EUR (3NFE.L).

3TSM.L and 3NFE.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 3TSM.L is a passively managed fund by Leverage Shares that tracks the performance of the iSTOXX Leveraged 3x TSM Index. It was launched on Dec 10, 2021. 3NFE.L is a passively managed fund by Leverage Shares that tracks the performance of the iSTOXX Leveraged 3X NFLX Index. It was launched on Jun 4, 2020. Both 3TSM.L and 3NFE.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

3TSM.L vs. 3NFE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 3x Long Taiwan Semiconductor (TSM) ETP Securities (3TSM.L) and Leverage Shares 3x Netflix ETP Securities EUR (3NFE.L). The values are adjusted to include any dividend payments, if applicable.

3TSM.L vs. 3NFE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
3TSM.L Leverage Shares 3x Long Taiwan Semiconductor (TSM) ETP Securities	10.57%	60.55%	288.94%	90.51%	-85.22%	6.05%
3NFE.L Leverage Shares 3x Netflix ETP Securities EUR	-8.61%	-35.17%	315.98%	221.74%	-99.51%	10.28%

Different Trading Currencies

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

Returns By Period

In the year-to-date period, 3TSM.L achieves a 10.57% return, which is significantly higher than 3NFE.L's -8.61% return.

3TSM.L

• 1D: 7.87%
• 1M: -37.09%
• YTD: 10.57%
• 6M: 26.08%
• 1Y: 337.57%
• 3Y*: 96.02%
• 5Y*: —
• 10Y*: —

3NFE.L

• 1D: 2.90%
• 1M: 1.75%
• YTD: -8.61%
• 6M: -61.88%
• 1Y: -32.90%
• 3Y*: 70.80%
• 5Y*: -44.78%
• 10Y*: —

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

3TSM.L vs. 3NFE.L - Expense Ratio Comparison

Both 3TSM.L and 3NFE.L have an expense ratio of 0.75%.

3TSM.L

Leverage Shares 3x Long Taiwan Semiconductor (TSM) ETP Securities

3NFE.L

Leverage Shares 3x Netflix ETP Securities EUR

Return for Risk

3TSM.L vs. 3NFE.L — Risk / Return Rank

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

3TSM.L

3TSM.L Risk / Return Rank: 95
3TSM.L Sharpe Ratio Rank: 98
3TSM.L Sortino Ratio Rank: 94
3TSM.L Omega Ratio Rank: 87
3TSM.L Calmar Ratio Rank: 98
3TSM.L Martin Ratio Rank: 96

3NFE.L

3NFE.L Risk / Return Rank: 7
3NFE.L Sharpe Ratio Rank: 5
3NFE.L Sortino Ratio Rank: 10
3NFE.L Omega Ratio Rank: 10
3NFE.L Calmar Ratio Rank: 5
3NFE.L Martin Ratio Rank: 6

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.

3TSM.L vs. 3NFE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long Taiwan Semiconductor (TSM) ETP Securities (3TSM.L) and Leverage Shares 3x Netflix ETP Securities EUR (3NFE.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.

	3TSM.L	3NFE.L	Difference
Sharpe ratio Return per unit of total volatility	3.14	-0.33	+3.47
Sortino ratio Return per unit of downside risk	3.01	0.14	+2.87
Omega ratio Gain probability vs. loss probability	1.36	1.02	+0.34
Calmar ratio Return relative to maximum drawdown	6.49	-0.40	+6.90
Martin ratio Return relative to average drawdown	17.75	-0.69	+18.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

3TSM.L vs. 3NFE.L - Sharpe Ratio Comparison

The current 3TSM.L Sharpe Ratio is 3.14, which is higher than the 3NFE.L Sharpe Ratio of -0.33. The chart below compares the historical Sharpe Ratios of 3TSM.L and 3NFE.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

	3TSM.L	3NFE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.14	-0.33	+3.47
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.36	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	-0.31	+0.47

Correlation

The correlation between 3TSM.L and 3NFE.L is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

3TSM.L vs. 3NFE.L - Dividend Comparison

Neither 3TSM.L nor 3NFE.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

3TSM.L vs. 3NFE.L - Drawdown Comparison

The maximum 3TSM.L drawdown since its inception was -93.59%, smaller than the maximum 3NFE.L drawdown of -99.87%. Use the drawdown chart below to compare losses from any high point for 3TSM.L and 3NFE.L.

Drawdown Indicators

	3TSM.L	3NFE.L	Difference
Max Drawdown Largest peak-to-trough decline	-93.59%	-99.86%	+6.27%
Max Drawdown (1Y) Largest decline over 1 year	-46.56%	-86.42%	+39.86%
Max Drawdown (5Y) Largest decline over 5 years	—	-99.86%	—
Current Drawdown Current decline from peak	-42.36%	-97.35%	+54.99%
Average Drawdown Average peak-to-trough decline	-57.40%	-81.64%	+24.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.03%	50.23%	-33.20%

Volatility

3TSM.L vs. 3NFE.L - Volatility Comparison

Leverage Shares 3x Long Taiwan Semiconductor (TSM) ETP Securities (3TSM.L) has a higher volatility of 31.90% compared to Leverage Shares 3x Netflix ETP Securities EUR (3NFE.L) at 16.04%. This indicates that 3TSM.L's price experiences larger fluctuations and is considered to be riskier than 3NFE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	3TSM.L	3NFE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	31.90%	16.04%	+15.86%
Volatility (6M) Calculated over the trailing 6-month period	74.07%	76.09%	-2.02%
Volatility (1Y) Calculated over the trailing 1-year period	106.72%	99.40%	+7.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	113.58%	124.96%	-11.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	113.58%	123.88%	-10.30%