3TSM.L vs. 3VT.L
3TSM.L (Leverage Shares 3x Long Taiwan Semiconductor (TSM) ETP Securities) and 3VT.L (Leverage Shares 3x Long Total World ETP Securities GBP) are both Leveraged Equities funds from Leverage Shares. 3TSM.L is passively managed, while 3VT.L is actively managed. Over the past 3 years, 3TSM.L returned 146.20%/yr vs 41.43%/yr for 3VT.L. A 0.55 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.
Performance
3TSM.L vs. 3VT.L - Performance Comparison
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Different Trading Currencies
3TSM.L is traded in USD, while 3VT.L is traded in GBp. To make them comparable, the 3VT.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 142.39% return, which is significantly higher than 3VT.L's 27.48% return.
3TSM.L
- 1D
- -1.75%
- 1M
- 30.63%
- YTD
- 142.39%
- 6M
- 154.11%
- 1Y
- 581.86%
- 3Y*
- 146.20%
- 5Y*
- —
- 10Y*
- —
3VT.L
- 1D
- -1.78%
- 1M
- 11.72%
- YTD
- 27.48%
- 6M
- 31.41%
- 1Y
- 74.63%
- 3Y*
- 41.43%
- 5Y*
- —
- 10Y*
- —
3TSM.L vs. 3VT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
3TSM.L Leverage Shares 3x Long Taiwan Semiconductor (TSM) ETP Securities | 142.39% | 60.55% | 288.94% | 90.51% | -85.22% | 6.05% |
3VT.L Leverage Shares 3x Long Total World ETP Securities GBP | 27.48% | 38.29% | 30.18% | 50.74% | -54.02% | 0.00% |
Correlation
The correlation between 3TSM.L and 3VT.L is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2021 | 0.55 |
The correlation between 3TSM.L and 3VT.L has been stable across timeframes, ranging from 0.55 to 0.62 - a consistent structural relationship.
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Return for Risk
3TSM.L vs. 3VT.L — Risk / Return Rank
3TSM.L
3VT.L
3TSM.L vs. 3VT.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 Long Total World ETP Securities GBP (3VT.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 | 3VT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.53 | ||
| Sortino ratioReturn per unit of downside risk | +1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.32 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 12.39 | 2.59 | +9.80 |
| Martin ratioReturn relative to average drawdown | 35.93 | 9.80 | +26.14 |
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 | 3VT.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.47 | 1.94 | +3.53 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.23 | +0.12 |
Drawdowns
3TSM.L vs. 3VT.L - Drawdown Comparison
The maximum 3TSM.L drawdown since its inception was -93.59%, which is greater than 3VT.L's maximum drawdown of -66.22%. Use the drawdown chart below to compare losses from any high point for 3TSM.L and 3VT.L.
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Drawdown Indicators
| 3TSM.L | 3VT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.59% | -66.22% | -27.37% |
Max Drawdown (1Y)Largest decline over 1 year | -46.56% | -28.71% | -17.85% |
Max Drawdown (3Y)Largest decline over 3 years | -81.95% | -46.55% | -35.40% |
Current DrawdownCurrent decline from peak | -1.75% | -1.78% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -55.71% | -28.89% | -26.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.08% | 7.59% | +8.49% |
Volatility
3TSM.L vs. 3VT.L - Volatility Comparison
Leverage Shares 3x Long Taiwan Semiconductor (TSM) ETP Securities (3TSM.L) has a higher volatility of 37.57% compared to Leverage Shares 3x Long Total World ETP Securities GBP (3VT.L) at 10.96%. This indicates that 3TSM.L's price experiences larger fluctuations and is considered to be riskier than 3VT.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 | 3VT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 37.57% | 10.96% | +26.61% |
Volatility (6M)Calculated over the trailing 6-month period | 77.75% | 30.40% | +47.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 105.63% | 38.37% | +67.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 114.40% | 51.47% | +62.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 114.40% | 51.47% | +62.93% |
3TSM.L vs. 3VT.L - Expense Ratio Comparison
Both 3TSM.L and 3VT.L have an expense ratio of 0.75%.
Dividends
3TSM.L vs. 3VT.L - Dividend Comparison
Neither 3TSM.L nor 3VT.L has paid dividends to shareholders.
Frequently Asked Questions
3TSM.L and 3VT.L have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
3TSM.L and 3VT.L have the same expense ratio: 0.75% per year.
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