3TSM.L vs. TSLI.L
3TSM.L (Leverage Shares 3x Long Taiwan Semiconductor (TSM) ETP Securities) and TSLI.L (IncomeShares Tesla TSLA Options ETP) are both exchange-traded funds - 3TSM.L is a Leveraged Equities fund tracking the iSTOXX Leveraged 3x TSM Index, while TSLI.L is a Derivative Income fund actively managed by Leverage Shares. 3TSM.L is passively managed, while TSLI.L is actively managed. Over the past year, 3TSM.L returned 581.86% vs 45.38% for TSLI.L. At a 0.37 correlation, their price movements are largely independent. 3TSM.L charges 0.75%/yr vs 0.55%/yr for TSLI.L.
Performance
3TSM.L vs. TSLI.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3TSM.L achieves a 142.39% return, which is significantly higher than TSLI.L's -6.35% return.
3TSM.L
- 1D
- -1.75%
- 1M
- 30.63%
- YTD
- 142.39%
- 6M
- 154.11%
- 1Y
- 581.86%
- 3Y*
- 146.20%
- 5Y*
- —
- 10Y*
- —
TSLI.L
- 1D
- 1.36%
- 1M
- 5.02%
- YTD
- -6.35%
- 6M
- -3.38%
- 1Y
- 45.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3TSM.L vs. TSLI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
3TSM.L Leverage Shares 3x Long Taiwan Semiconductor (TSM) ETP Securities | 142.39% | 60.55% | 52.51% |
TSLI.L IncomeShares Tesla TSLA Options ETP | -6.35% | 40.52% | 28.35% |
Correlation
The correlation between 3TSM.L and TSLI.L is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2024 | 0.37 |
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Return for Risk
3TSM.L vs. TSLI.L — Risk / Return Rank
3TSM.L
TSLI.L
3TSM.L vs. TSLI.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 IncomeShares Tesla TSLA Options ETP (TSLI.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 | TSLI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.26 | ||
| Sortino ratioReturn per unit of downside risk | +2.23 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.21 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 12.39 | 1.81 | +10.57 |
| Martin ratioReturn relative to average drawdown | 35.93 | 4.60 | +31.34 |
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 | TSLI.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.47 | 1.21 | +4.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.78 | -0.42 |
Drawdowns
3TSM.L vs. TSLI.L - Drawdown Comparison
The maximum 3TSM.L drawdown since its inception was -93.59%, which is greater than TSLI.L's maximum drawdown of -41.20%. Use the drawdown chart below to compare losses from any high point for 3TSM.L and TSLI.L.
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Drawdown Indicators
| 3TSM.L | TSLI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.59% | -41.20% | -52.39% |
Max Drawdown (1Y)Largest decline over 1 year | -46.56% | -24.94% | -21.62% |
Max Drawdown (3Y)Largest decline over 3 years | -81.95% | — | — |
Current DrawdownCurrent decline from peak | -1.75% | -12.21% | +10.46% |
Average DrawdownAverage peak-to-trough decline | -55.71% | -12.02% | -43.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.08% | 9.79% | +6.29% |
Volatility
3TSM.L vs. TSLI.L - Volatility Comparison
Leverage Shares 3x Long Taiwan Semiconductor (TSM) ETP Securities (3TSM.L) has a higher volatility of 37.57% compared to IncomeShares Tesla TSLA Options ETP (TSLI.L) at 11.68%. This indicates that 3TSM.L's price experiences larger fluctuations and is considered to be riskier than TSLI.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 | TSLI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 37.57% | 11.68% | +25.89% |
Volatility (6M)Calculated over the trailing 6-month period | 77.75% | 25.22% | +52.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 105.63% | 37.65% | +67.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 114.40% | 43.15% | +71.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 114.40% | 43.15% | +71.25% |
3TSM.L vs. TSLI.L - Expense Ratio Comparison
3TSM.L has a 0.75% expense ratio, which is higher than TSLI.L's 0.55% expense ratio.
Dividends
3TSM.L vs. TSLI.L - Dividend Comparison
3TSM.L has not paid dividends to shareholders, while TSLI.L's dividend yield for the trailing twelve months is around 71.61%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
3TSM.L Leverage Shares 3x Long Taiwan Semiconductor (TSM) ETP Securities | 0.00% | 0.00% | 0.00% |
TSLI.L IncomeShares Tesla TSLA Options ETP | 71.61% | 73.68% | 19.21% |
Frequently Asked Questions
3TSM.L and TSLI.L have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TSLI.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TSLI.L is cheaper with a 0.55% expense ratio, compared with 0.75% for 3TSM.L.
3TSM.L is categorized as Leveraged Equities, while TSLI.L is Derivative Income. Their fees differ too: 0.75% for 3TSM.L and 0.55% for TSLI.L.
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