3TSM.L vs. 3USL.L
Compare and contrast key facts about Leverage Shares 3x Long Taiwan Semiconductor (TSM) ETP Securities (3TSM.L) and WisdomTree S&P 500 3x Daily Leveraged GB (3USL.L).
3TSM.L and 3USL.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. 3USL.L is a passively managed fund by WisdomTree that tracks the performance of the S&P 500 Net Total Returns Index. It was launched on Dec 13, 2012. Both 3TSM.L and 3USL.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. 3USL.L - Performance Comparison
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3TSM.L vs. 3USL.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% |
3USL.L WisdomTree S&P 500 3x Daily Leveraged GB | -21.40% | 28.97% | 64.00% | 70.49% | -57.35% | 3.70% |
Returns By Period
In the year-to-date period, 3TSM.L achieves a 10.57% return, which is significantly higher than 3USL.L's -21.40% return.
3TSM.L
- 1D
- 7.87%
- 1M
- -37.09%
- YTD
- 10.57%
- 6M
- 26.08%
- 1Y
- 337.57%
- 3Y*
- 96.02%
- 5Y*
- —
- 10Y*
- —
3USL.L
- 1D
- 1.94%
- 1M
- -19.26%
- YTD
- -21.40%
- 6M
- -15.40%
- 1Y
- 29.26%
- 3Y*
- 34.49%
- 5Y*
- 14.88%
- 10Y*
- 23.48%
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3TSM.L vs. 3USL.L - Expense Ratio Comparison
Both 3TSM.L and 3USL.L have an expense ratio of 0.75%.
Return for Risk
3TSM.L vs. 3USL.L — Risk / Return Rank
3TSM.L
3USL.L
3TSM.L vs. 3USL.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 WisdomTree S&P 500 3x Daily Leveraged GB (3USL.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 | 3USL.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.14 | 0.63 | +2.51 |
Sortino ratioReturn per unit of downside risk | 3.01 | 1.13 | +1.88 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.16 | +0.20 |
Calmar ratioReturn relative to maximum drawdown | 6.49 | 0.74 | +5.76 |
Martin ratioReturn relative to average drawdown | 17.75 | 2.94 | +14.82 |
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
| 3TSM.L | 3USL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.14 | 0.63 | +2.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.32 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.48 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.51 | -0.34 |
Correlation
The correlation between 3TSM.L and 3USL.L is 0.59, 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
3TSM.L vs. 3USL.L - Dividend Comparison
Neither 3TSM.L nor 3USL.L has paid dividends to shareholders.
Drawdowns
3TSM.L vs. 3USL.L - Drawdown Comparison
The maximum 3TSM.L drawdown since its inception was -93.59%, which is greater than 3USL.L's maximum drawdown of -76.72%. Use the drawdown chart below to compare losses from any high point for 3TSM.L and 3USL.L.
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Drawdown Indicators
| 3TSM.L | 3USL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.59% | -76.72% | -16.87% |
Max Drawdown (1Y)Largest decline over 1 year | -46.56% | -32.44% | -14.12% |
Max Drawdown (5Y)Largest decline over 5 years | — | -63.47% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -76.72% | — |
Current DrawdownCurrent decline from peak | -42.36% | -23.84% | -18.52% |
Average DrawdownAverage peak-to-trough decline | -57.40% | -15.41% | -41.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.03% | 8.12% | +8.91% |
Volatility
3TSM.L vs. 3USL.L - Volatility Comparison
Leverage Shares 3x Long Taiwan Semiconductor (TSM) ETP Securities (3TSM.L) has a higher volatility of 31.90% compared to WisdomTree S&P 500 3x Daily Leveraged GB (3USL.L) at 12.00%. This indicates that 3TSM.L's price experiences larger fluctuations and is considered to be riskier than 3USL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3TSM.L | 3USL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 31.90% | 12.00% | +19.90% |
Volatility (6M)Calculated over the trailing 6-month period | 74.07% | 24.67% | +49.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 106.72% | 46.24% | +60.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 113.58% | 47.21% | +66.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 113.58% | 48.33% | +65.25% |