3UBE.L vs. 3MSE.L
3UBE.L (Leverage Shares 3x Uber ETP Securities EUR) and 3MSE.L (Leverage Shares 3x Microsoft ETP EUR) are both Leveraged Equities funds from Leverage Shares - 3UBE.L tracks the iSTOXX Leveraged 3x UBER Index while 3MSE.L tracks the iSTOXX Leveraged 3X MSFT Index. Both are passively managed. Over the past 5 years, 3UBE.L returned -40.28%/yr vs -10.30%/yr for 3MSE.L. At a 0.36 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3UBE.L vs. 3MSE.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3UBE.L achieves a -44.03% return, which is significantly higher than 3MSE.L's -62.40% return.
3UBE.L
- 1D
- -9.51%
- 1M
- 5.37%
- YTD
- -44.03%
- 6M
- -42.23%
- 1Y
- -68.89%
- 3Y*
- -10.14%
- 5Y*
- -40.28%
- 10Y*
- —
3MSE.L
- 1D
- 0.00%
- 1M
- -28.26%
- YTD
- -62.40%
- 6M
- -62.31%
- 1Y
- -68.46%
- 3Y*
- -18.77%
- 5Y*
- -10.30%
- 10Y*
- —
3UBE.L vs. 3MSE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
3UBE.L Leverage Shares 3x Uber ETP Securities EUR | -44.03% | 15.58% | -46.91% | 811.96% | -94.84% | -53.70% |
3MSE.L Leverage Shares 3x Microsoft ETP EUR | -62.40% | -6.09% | 20.99% | 175.47% | -76.35% | 150.49% |
Correlation
The correlation between 3UBE.L and 3MSE.L is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since May 26, 2021 | 0.36 |
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Return for Risk
3UBE.L vs. 3MSE.L — Risk / Return Rank
3UBE.L
3MSE.L
3UBE.L vs. 3MSE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Uber ETP Securities EUR (3UBE.L) and Leverage Shares 3x Microsoft ETP EUR (3MSE.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| 3UBE.L | 3MSE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 0.84 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | -0.90 | +0.02 |
| Martin ratioReturn relative to average drawdown | -1.35 | -1.45 | +0.10 |
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Drawdowns
3UBE.L vs. 3MSE.L - Drawdown Comparison
The maximum 3UBE.L drawdown since its inception was -97.79%, which is greater than 3MSE.L's maximum drawdown of -82.27%. Use the drawdown chart below to compare losses from any high point for 3UBE.L and 3MSE.L.
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Drawdown Indicators
| 3UBE.L | 3MSE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.79% | -82.27% | -15.52% |
Max Drawdown (1Y)Largest decline over 1 year | -78.32% | -76.33% | -1.99% |
Max Drawdown (3Y)Largest decline over 3 years | -85.51% | -76.33% | -9.18% |
Max Drawdown (5Y)Largest decline over 5 years | -97.79% | -82.27% | -15.52% |
Current DrawdownCurrent decline from peak | -92.86% | -75.51% | -17.35% |
Average DrawdownAverage peak-to-trough decline | -79.53% | -36.08% | -43.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 50.97% | 47.14% | +3.83% |
Volatility
3UBE.L vs. 3MSE.L - Volatility Comparison
Leverage Shares 3x Uber ETP Securities EUR (3UBE.L) has a higher volatility of 37.31% compared to Leverage Shares 3x Microsoft ETP EUR (3MSE.L) at 32.61%. This indicates that 3UBE.L's price experiences larger fluctuations and is considered to be riskier than 3MSE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3UBE.L | 3MSE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 37.31% | 32.61% | +4.70% |
Volatility (6M)Calculated over the trailing 6-month period | 69.44% | 76.21% | -6.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 98.80% | 83.19% | +15.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 131.73% | 76.97% | +54.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 131.16% | 76.51% | +54.65% |
3UBE.L vs. 3MSE.L - Expense Ratio Comparison
Both 3UBE.L and 3MSE.L have an expense ratio of 0.75%.
Dividends
3UBE.L vs. 3MSE.L - Dividend Comparison
Neither 3UBE.L nor 3MSE.L has paid dividends to shareholders.
Frequently Asked Questions
3UBE.L and 3MSE.L have a correlation of 0.37, 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.
3UBE.L and 3MSE.L have the same expense ratio: 0.75% per year.
3UBE.L tracks iSTOXX Leveraged 3x UBER Index, while 3MSE.L tracks iSTOXX Leveraged 3X MSFT Index.
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