3XLE.L vs. AMD3.L
3XLE.L (Leverage Shares 3x Long Oil & Gas ETP Securities GBP) and AMD3.L (Leverage Shares 3x AMD ETP Securities) are both Leveraged Equities funds from Leverage Shares. 3XLE.L is actively managed, while AMD3.L is passively managed. Over the past 3 years, 3XLE.L returned 15.13%/yr vs 52.45%/yr for AMD3.L. At a 0.11 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3XLE.L vs. AMD3.L - Performance Comparison
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Different Trading Currencies
3XLE.L is traded in GBp, while AMD3.L is traded in USD. To make them comparable, the AMD3.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, 3XLE.L achieves a 98.06% return, which is significantly lower than AMD3.L's 668.02% return.
3XLE.L
- 1D
- 6.81%
- 1M
- -1.92%
- YTD
- 98.06%
- 6M
- 87.16%
- 1Y
- 122.22%
- 3Y*
- 15.13%
- 5Y*
- —
- 10Y*
- —
AMD3.L
- 1D
- 12.80%
- 1M
- 187.23%
- YTD
- 668.02%
- 6M
- 613.79%
- 1Y
- 2,413.53%
- 3Y*
- 52.45%
- 5Y*
- 11.69%
- 10Y*
- —
3XLE.L vs. AMD3.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
3XLE.L Leverage Shares 3x Long Oil & Gas ETP Securities GBP | 98.06% | -17.73% | -12.65% | -29.34% | 191.33% | -3.39% |
AMD3.L Leverage Shares 3x AMD ETP Securities | 668.02% | 53.44% | -76.37% | 451.09% | -97.25% | 4.99% |
Correlation
The correlation between 3XLE.L and AMD3.L is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2021 | 0.11 |
The correlation between 3XLE.L and AMD3.L shifts across timeframes, from -0.08 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
3XLE.L vs. AMD3.L — Risk / Return Rank
3XLE.L
AMD3.L
3XLE.L vs. AMD3.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long Oil & Gas ETP Securities GBP (3XLE.L) and Leverage Shares 3x AMD ETP Securities (AMD3.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.
| 3XLE.L | AMD3.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -10.78 | ||
| Sortino ratioReturn per unit of downside risk | -2.63 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.62 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 3.10 | 31.21 | -28.11 |
| Martin ratioReturn relative to average drawdown | 8.55 | 57.63 | -49.08 |
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
| 3XLE.L | AMD3.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.82 | 12.60 | -10.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.07 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.10 | +0.24 |
Drawdowns
3XLE.L vs. AMD3.L - Drawdown Comparison
The maximum 3XLE.L drawdown since its inception was -74.89%, smaller than the maximum AMD3.L drawdown of -99.50%. Use the drawdown chart below to compare losses from any high point for 3XLE.L and AMD3.L.
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Drawdown Indicators
| 3XLE.L | AMD3.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.89% | -99.50% | +24.61% |
Max Drawdown (1Y)Largest decline over 1 year | -39.26% | -76.32% | +37.06% |
Max Drawdown (3Y)Largest decline over 3 years | -66.05% | -97.91% | +31.86% |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.50% | — |
Current DrawdownCurrent decline from peak | -31.69% | -71.23% | +39.54% |
Average DrawdownAverage peak-to-trough decline | -45.07% | -83.28% | +38.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.25% | 41.41% | -27.16% |
Volatility
3XLE.L vs. AMD3.L - Volatility Comparison
The current volatility for Leverage Shares 3x Long Oil & Gas ETP Securities GBP (3XLE.L) is 25.62%, while Leverage Shares 3x AMD ETP Securities (AMD3.L) has a volatility of 69.81%. This indicates that 3XLE.L experiences smaller price fluctuations and is considered to be less risky than AMD3.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3XLE.L | AMD3.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.62% | 69.81% | -44.19% |
Volatility (6M)Calculated over the trailing 6-month period | 57.75% | 134.16% | -76.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.19% | 189.21% | -122.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.23% | 156.26% | -74.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.23% | 155.89% | -73.66% |
3XLE.L vs. AMD3.L - Expense Ratio Comparison
Both 3XLE.L and AMD3.L have an expense ratio of 0.75%.
Dividends
3XLE.L vs. AMD3.L - Dividend Comparison
Neither 3XLE.L nor AMD3.L has paid dividends to shareholders.
Frequently Asked Questions
3XLE.L and AMD3.L have a correlation of -0.08, 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.
3XLE.L and AMD3.L have the same expense ratio: 0.75% per year.
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