CHI3.L vs. CM5S.L
CHI3.L (Leverage Shares 3x Long China ETP Securities) and CM5S.L (Invesco S&P China A MidCap 500 Swap UCITS ETF Acc) are both China Equities funds. CHI3.L is actively managed, while CM5S.L is passively managed. Over the past 3 years, CHI3.L returned -15.83%/yr vs 22.84%/yr for CM5S.L. A 0.62 correlation means they provide meaningful diversification when combined. CHI3.L charges 0.75%/yr vs 0.35%/yr for CM5S.L.
Performance
CHI3.L vs. CM5S.L - Performance Comparison
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Different Trading Currencies
CHI3.L is traded in USD, while CM5S.L is traded in GBp. To make them comparable, the CM5S.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CHI3.L achieves a -36.01% return, which is significantly lower than CM5S.L's 17.43% return.
CHI3.L
- 1D
- 6.48%
- 1M
- -5.40%
- 6M
- -44.40%
- YTD
- -36.01%
- 1Y
- -29.49%
- 3Y*
- -15.83%
- 5Y*
- —
- 10Y*
- —
CM5S.L
- 1D
- 2.25%
- 1M
- -3.12%
- 6M
- 7.76%
- YTD
- 17.43%
- 1Y
- 15,590.91%
- 3Y*
- 22.84%
- 5Y*
- —
- 10Y*
- —
CHI3.L vs. CM5S.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CHI3.L Leverage Shares 3x Long China ETP Securities | -36.01% | 50.00% | 6.20% | -53.60% | -45.60% |
CM5S.L Invesco S&P China A MidCap 500 Swap UCITS ETF Acc | 17.43% | 52.79% | 12.39% | -9.50% | -2.40% |
Correlation
The correlation between CHI3.L and CM5S.L is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2022 | 0.62 |
The correlation between CHI3.L and CM5S.L has been stable across timeframes, ranging from 0.56 to 0.63 - a consistent structural relationship.
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Return for Risk
CHI3.L vs. CM5S.L — Risk / Return Rank
CHI3.L
CM5S.L
CHI3.L vs. CM5S.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long China ETP Securities (CHI3.L) and Invesco S&P China A MidCap 500 Swap UCITS ETF Acc (CM5S.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.
| CHI3.L | CM5S.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -266.59 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 93.77 | -92.81 |
| Calmar ratioReturn relative to maximum drawdown | -0.46 | 156.36 | -156.82 |
| Martin ratioReturn relative to average drawdown | -0.86 | 503.11 | -503.97 |
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Drawdowns
CHI3.L vs. CM5S.L - Drawdown Comparison
The maximum CHI3.L drawdown since its inception was -84.75%, smaller than the maximum CM5S.L drawdown of -99.28%. Use the drawdown chart below to compare losses from any high point for CHI3.L and CM5S.L.
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Drawdown Indicators
| CHI3.L | CM5S.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.75% | -99.28% | +14.53% |
Max Drawdown (1Y)Largest decline over 1 year | -63.95% | -99.28% | +35.33% |
Max Drawdown (3Y)Largest decline over 3 years | -65.83% | -99.28% | +33.45% |
Current DrawdownCurrent decline from peak | -77.35% | -8.92% | -68.43% |
Average DrawdownAverage peak-to-trough decline | -64.92% | -17.60% | -47.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.35% | 30.86% | +3.49% |
Volatility
CHI3.L vs. CM5S.L - Volatility Comparison
The current volatility for Leverage Shares 3x Long China ETP Securities (CHI3.L) is 17.27%, while Invesco S&P China A MidCap 500 Swap UCITS ETF Acc (CM5S.L) has a volatility of 666.41%. This indicates that CHI3.L experiences smaller price fluctuations and is considered to be less risky than CM5S.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CHI3.L | CM5S.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.27% | 666.41% | -649.14% |
Volatility (6M)Calculated over the trailing 6-month period | 45.76% | 925.01% | -879.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.04% | 24,150.28% | -24,089.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.01% | 11,904.00% | -11,820.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 83.01% | 11,904.00% | -11,820.99% |
CHI3.L vs. CM5S.L - Expense Ratio Comparison
CHI3.L has a 0.75% expense ratio, which is higher than CM5S.L's 0.35% expense ratio.
Dividends
CHI3.L vs. CM5S.L - Dividend Comparison
Neither CHI3.L nor CM5S.L has paid dividends to shareholders.
Frequently Asked Questions
CHI3.L and CM5S.L have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CM5S.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CM5S.L is cheaper with a 0.35% expense ratio, compared with 0.75% for CHI3.L.
They also come from different issuers: Leverage Shares and Invesco. Their fees differ too: 0.75% for CHI3.L and 0.35% for CM5S.L.
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