5SPY.L vs. 3NIE.L

Last updated Jun 5, 2026

5SPY.L (Leverage Shares 5x Long US 500 ETP Securities) and 3NIE.L (Leverage Shares 3x Long NIO ETP Securities) are both Leveraged Equities funds from Leverage Shares. 5SPY.L is actively managed, while 3NIE.L is passively managed. At a 0.14 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

5SPY.L vs. 3NIE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 5x Long US 500 ETP Securities (5SPY.L) and Leverage Shares 3x Long NIO ETP Securities (3NIE.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, 5SPY.L achieves a 35.46% return, which is significantly higher than 3NIE.L's -29.41% return.

5SPY.L

• 1D: 0.00%
• 1M: 22.23%
• YTD: 35.46%
• 6M: 35.04%
• 1Y: 119.12%
• 3Y*: 55.62%
• 5Y*: —
• 10Y*: —

3NIE.L

• 1D: -2.04%
• 1M: -22.58%
• YTD: -29.41%
• 6M: -14.29%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

5SPY.L vs. 3NIE.L - Yearly Performance Comparison

	2026 (YTD)	2025
5SPY.L Leverage Shares 5x Long US 500 ETP Securities	35.46%	7.24%
3NIE.L Leverage Shares 3x Long NIO ETP Securities	-29.41%	-21.24%

Correlation

The correlation between 5SPY.L and 3NIE.L is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 26, 2025	0.14

5SPY.L vs. 3NIE.L - Sectors Allocation Comparison

Sectors	5SPY.L	3NIE.L
Technology	36.2%	-
Financial Services	11.9%	-
Communication Services	10.9%	-
Consumer Cyclical	10.1%	100.0%
Healthcare	8.4%	-
Industrials	8.1%	-
Consumer Defensive	4.9%	-
Energy	3.5%	-
Utilities	2.3%	-
Real Estate	1.9%	-
Basic Materials	1.8%	-

Return for Risk

5SPY.L vs. 3NIE.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

5SPY.L

5SPY.L Risk / Return Rank: 57
5SPY.L Sharpe Ratio Rank: 66
5SPY.L Sortino Ratio Rank: 56
5SPY.L Omega Ratio Rank: 54
5SPY.L Calmar Ratio Rank: 56
5SPY.L Martin Ratio Rank: 55

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

5SPY.L vs. 3NIE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 5x Long US 500 ETP Securities (5SPY.L) and Leverage Shares 3x Long NIO ETP Securities (3NIE.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.

	5SPY.L	3NIE.L	Difference
Sharpe ratio: Return per unit of total volatility	2.15	—	—
Sortino ratio: Return per unit of downside risk	2.65	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	2.77	—	—
Martin ratio: Return relative to average drawdown	9.39	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	5SPY.L	3NIE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.15	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	-0.39	+0.44

Drawdowns

5SPY.L vs. 3NIE.L - Drawdown Comparison

The maximum 5SPY.L drawdown since its inception was -82.86%, which is greater than 3NIE.L's maximum drawdown of -60.65%. Use the drawdown chart below to compare losses from any high point for 5SPY.L and 3NIE.L.

Drawdown Indicators

	5SPY.L	3NIE.L	Difference
Max Drawdown Largest peak-to-trough decline	-82.86%	-60.65%	-22.21%
Max Drawdown (1Y) Largest decline over 1 year	-42.76%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-72.55%	—	—
Current Drawdown Current decline from peak	-2.73%	-49.83%	+47.10%
Average Drawdown Average peak-to-trough decline	-50.64%	-36.22%	-14.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.64%	—	—

Volatility

Volatility by Period

	5SPY.L	3NIE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.12%	—	—
Volatility (6M) Calculated over the trailing 6-month period	40.00%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	55.20%	175.21%	-120.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	78.23%	175.21%	-96.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	78.23%	175.21%	-96.98%

5SPY.L vs. 3NIE.L - Expense Ratio Comparison

Both 5SPY.L and 3NIE.L have an expense ratio of 0.75%.

Dividends

5SPY.L vs. 3NIE.L - Dividend Comparison

Neither 5SPY.L nor 3NIE.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both 5SPY.L and 3NIE.L in my portfolio?

5SPY.L and 3NIE.L have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, 5SPY.L or 3NIE.L?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, 5SPY.L or 3NIE.L?

5SPY.L and 3NIE.L have the same expense ratio: 0.75% per year.