AMD3.L vs. 3MST.L
AMD3.L (Leverage Shares 3x AMD ETP Securities) and 3MST.L (Leverage Shares 3x Long MicroStrategy ETP) are both Leveraged Equities funds from Leverage Shares - AMD3.L tracks the iSTOXX Leveraged 3x AMD Index while 3MST.L tracks the Euronext 3x Long MicroStrategy Index. Both are passively managed. Over the past year, AMD3.L returned 2396.09% vs -99.26% for 3MST.L. At a 0.38 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
AMD3.L vs. 3MST.L - Performance Comparison
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Returns By Period
In the year-to-date period, AMD3.L achieves a 665.19% return, which is significantly higher than 3MST.L's -76.62% return.
AMD3.L
- 1D
- 12.50%
- 1M
- 184.05%
- YTD
- 665.19%
- 6M
- 617.58%
- 1Y
- 2,396.09%
- 3Y*
- 56.32%
- 5Y*
- 10.51%
- 10Y*
- —
3MST.L
- 1D
- -6.64%
- 1M
- -63.62%
- YTD
- -76.62%
- 6M
- -86.74%
- 1Y
- -99.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AMD3.L vs. 3MST.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AMD3.L Leverage Shares 3x AMD ETP Securities | 665.19% | 65.21% | -66.17% |
3MST.L Leverage Shares 3x Long MicroStrategy ETP | -76.62% | -98.41% | 164.28% |
Correlation
The correlation between AMD3.L and 3MST.L is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2024 | 0.38 |
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Return for Risk
AMD3.L vs. 3MST.L — Risk / Return Rank
AMD3.L
3MST.L
AMD3.L vs. 3MST.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x AMD ETP Securities (AMD3.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.
| AMD3.L | 3MST.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +12.96 | ||
| Sortino ratioReturn per unit of downside risk | +6.83 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 0.78 | +0.83 |
| Calmar ratioReturn relative to maximum drawdown | 31.04 | -1.00 | +32.04 |
| Martin ratioReturn relative to average drawdown | 57.78 | -1.21 | +59.00 |
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
| AMD3.L | 3MST.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 12.46 | -0.50 | +12.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | -0.40 | +0.48 |
Drawdowns
AMD3.L vs. 3MST.L - Drawdown Comparison
The maximum AMD3.L drawdown since its inception was -99.50%, roughly equal to the maximum 3MST.L drawdown of -99.94%. Use the drawdown chart below to compare losses from any high point for AMD3.L and 3MST.L.
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Drawdown Indicators
| AMD3.L | 3MST.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.50% | -99.94% | +0.44% |
Max Drawdown (1Y)Largest decline over 1 year | -76.17% | -99.49% | +23.32% |
Max Drawdown (3Y)Largest decline over 3 years | -97.84% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -99.50% | — | — |
Current DrawdownCurrent decline from peak | -70.91% | -99.94% | +29.03% |
Average DrawdownAverage peak-to-trough decline | -83.49% | -85.35% | +1.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.00% | 82.08% | -41.08% |
Volatility
AMD3.L vs. 3MST.L - Volatility Comparison
Leverage Shares 3x AMD ETP Securities (AMD3.L) has a higher volatility of 70.27% compared to Leverage Shares 3x Long MicroStrategy ETP (3MST.L) at 64.78%. This indicates that AMD3.L's price experiences larger fluctuations and is considered to be riskier 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
| AMD3.L | 3MST.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 70.27% | 64.78% | +5.49% |
Volatility (6M)Calculated over the trailing 6-month period | 135.27% | 165.47% | -30.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 190.00% | 199.35% | -9.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 157.81% | 236.48% | -78.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 157.44% | 236.48% | -79.04% |
AMD3.L vs. 3MST.L - Expense Ratio Comparison
Both AMD3.L and 3MST.L have an expense ratio of 0.75%.
Dividends
AMD3.L vs. 3MST.L - Dividend Comparison
Neither AMD3.L nor 3MST.L has paid dividends to shareholders.
Frequently Asked Questions
AMD3.L and 3MST.L have a correlation of 0.34, 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.
AMD3.L and 3MST.L have the same expense ratio: 0.75% per year.
AMD3.L tracks iSTOXX Leveraged 3x AMD Index, while 3MST.L tracks Euronext 3x Long MicroStrategy Index.
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