CHI3.L vs. MAG7.L
CHI3.L (Leverage Shares 3x Long China ETP Securities) and MAG7.L (Leverage Shares 5x Long Magnificent 7 ETP Securities) are both Leveraged Equities funds from Leverage Shares. CHI3.L is actively managed, while MAG7.L is passively managed. Over the past year, CHI3.L returned -15.99% vs 126.01% for MAG7.L. At a 0.29 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
CHI3.L vs. MAG7.L - Performance Comparison
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Returns By Period
In the year-to-date period, CHI3.L achieves a -29.68% return, which is significantly lower than MAG7.L's -0.37% return.
CHI3.L
- 1D
- -1.37%
- 1M
- -9.83%
- YTD
- -29.68%
- 6M
- -34.17%
- 1Y
- -15.99%
- 3Y*
- -10.54%
- 5Y*
- —
- 10Y*
- —
MAG7.L
- 1D
- 5.22%
- 1M
- 13.25%
- YTD
- -0.37%
- 6M
- -1.40%
- 1Y
- 126.01%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CHI3.L vs. MAG7.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CHI3.L Leverage Shares 3x Long China ETP Securities | -29.68% | 49.93% | 22.01% |
MAG7.L Leverage Shares 5x Long Magnificent 7 ETP Securities | -0.37% | -28.43% | 150.95% |
Correlation
The correlation between CHI3.L and MAG7.L is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2024 | 0.29 |
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Return for Risk
CHI3.L vs. MAG7.L — Risk / Return Rank
CHI3.L
MAG7.L
CHI3.L vs. MAG7.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 Leverage Shares 5x Long Magnificent 7 ETP Securities (MAG7.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.
| CHI3.L | MAG7.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.55 | ||
| Sortino ratioReturn per unit of downside risk | -2.05 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.24 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.30 | 1.75 | -2.05 |
| Martin ratioReturn relative to average drawdown | -0.57 | 4.33 | -4.90 |
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
| CHI3.L | MAG7.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.27 | 1.28 | -1.55 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.32 | 0.24 | -0.56 |
Drawdowns
CHI3.L vs. MAG7.L - Drawdown Comparison
The maximum CHI3.L drawdown since its inception was -84.78%, smaller than the maximum MAG7.L drawdown of -91.14%. Use the drawdown chart below to compare losses from any high point for CHI3.L and MAG7.L.
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Drawdown Indicators
| CHI3.L | MAG7.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.78% | -91.14% | +6.36% |
Max Drawdown (1Y)Largest decline over 1 year | -53.06% | -71.56% | +18.50% |
Max Drawdown (3Y)Largest decline over 3 years | -65.90% | — | — |
Current DrawdownCurrent decline from peak | -75.11% | -45.38% | -29.73% |
Average DrawdownAverage peak-to-trough decline | -64.47% | -47.28% | -17.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.04% | 28.97% | -0.93% |
Volatility
CHI3.L vs. MAG7.L - Volatility Comparison
The current volatility for Leverage Shares 3x Long China ETP Securities (CHI3.L) is 24.11%, while Leverage Shares 5x Long Magnificent 7 ETP Securities (MAG7.L) has a volatility of 27.50%. This indicates that CHI3.L experiences smaller price fluctuations and is considered to be less risky than MAG7.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 | MAG7.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.11% | 27.50% | -3.39% |
Volatility (6M)Calculated over the trailing 6-month period | 43.67% | 71.68% | -28.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.52% | 97.62% | -38.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.76% | 124.75% | -40.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 83.76% | 124.75% | -40.99% |
CHI3.L vs. MAG7.L - Expense Ratio Comparison
Both CHI3.L and MAG7.L have an expense ratio of 0.75%.
Dividends
CHI3.L vs. MAG7.L - Dividend Comparison
Neither CHI3.L nor MAG7.L has paid dividends to shareholders.
Frequently Asked Questions
CHI3.L and MAG7.L have a correlation of 0.33, 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.
CHI3.L and MAG7.L have the same expense ratio: 0.75% per year.
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