3USL.L vs. 3MST.L
3USL.L (WisdomTree S&P 500 3x Daily Leveraged GB) and 3MST.L (Leverage Shares 3x Long MicroStrategy ETP) are both Leveraged Equities funds - 3USL.L tracks the S&P 500 Net Total Returns Index while 3MST.L tracks the Euronext 3x Long MicroStrategy Index. Both are passively managed. Over the past year, 3USL.L returned 76.37% vs -99.27% for 3MST.L. At a 0.44 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3USL.L vs. 3MST.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3USL.L achieves a 25.13% return, which is significantly higher than 3MST.L's -78.63% return.
3USL.L
- 1D
- -0.02%
- 1M
- 8.78%
- YTD
- 25.13%
- 6M
- 25.16%
- 1Y
- 76.37%
- 3Y*
- 50.50%
- 5Y*
- 22.25%
- 10Y*
- 28.49%
3MST.L
- 1D
- -8.62%
- 1M
- -69.09%
- YTD
- -78.63%
- 6M
- -86.47%
- 1Y
- -99.27%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3USL.L vs. 3MST.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
3USL.L WisdomTree S&P 500 3x Daily Leveraged GB | 25.13% | 28.97% | 6.51% |
3MST.L Leverage Shares 3x Long MicroStrategy ETP | -78.63% | -98.41% | 164.28% |
Correlation
The correlation between 3USL.L and 3MST.L is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2024 | 0.44 |
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Return for Risk
3USL.L vs. 3MST.L — Risk / Return Rank
3USL.L
3MST.L
3USL.L vs. 3MST.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree S&P 500 3x Daily Leveraged GB (3USL.L) and Leverage Shares 3x Long MicroStrategy ETP (3MST.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.
| 3USL.L | 3MST.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.75 | ||
| Sortino ratioReturn per unit of downside risk | +5.00 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 0.78 | +0.58 |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | -1.00 | +4.06 |
| Martin ratioReturn relative to average drawdown | 12.28 | -1.21 | +13.49 |
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
| 3USL.L | 3MST.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.25 | -0.50 | +2.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | -0.40 | +0.99 |
Drawdowns
3USL.L vs. 3MST.L - Drawdown Comparison
The maximum 3USL.L drawdown since its inception was -76.72%, smaller than the maximum 3MST.L drawdown of -99.94%. Use the drawdown chart below to compare losses from any high point for 3USL.L and 3MST.L.
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Drawdown Indicators
| 3USL.L | 3MST.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.72% | -99.94% | +23.22% |
Max Drawdown (1Y)Largest decline over 1 year | -25.29% | -99.53% | +74.24% |
Max Drawdown (3Y)Largest decline over 3 years | -48.69% | — | — |
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 | -1.82% | -99.94% | +98.12% |
Average DrawdownAverage peak-to-trough decline | -15.26% | -85.39% | +70.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.31% | 82.32% | -76.01% |
Volatility
3USL.L vs. 3MST.L - Volatility Comparison
The current volatility for WisdomTree S&P 500 3x Daily Leveraged GB (3USL.L) is 9.42%, while Leverage Shares 3x Long MicroStrategy ETP (3MST.L) has a volatility of 61.01%. This indicates that 3USL.L experiences smaller price fluctuations and is considered to be less risky than 3MST.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3USL.L | 3MST.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.42% | 61.01% | -51.59% |
Volatility (6M)Calculated over the trailing 6-month period | 25.26% | 160.17% | -134.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.36% | 198.97% | -164.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.39% | 236.29% | -188.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.51% | 236.29% | -187.78% |
3USL.L vs. 3MST.L - Expense Ratio Comparison
Both 3USL.L and 3MST.L have an expense ratio of 0.75%.
Dividends
3USL.L vs. 3MST.L - Dividend Comparison
Neither 3USL.L nor 3MST.L has paid dividends to shareholders.
Frequently Asked Questions
3USL.L and 3MST.L have a correlation of 0.38, 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.
3USL.L and 3MST.L have the same expense ratio: 0.75% per year.
3USL.L tracks S&P 500 Net Total Returns Index, while 3MST.L tracks Euronext 3x Long MicroStrategy Index. They also come from different issuers: WisdomTree and Leverage Shares.
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