DAGB.L vs. 3MST.L
DAGB.L (VanEck Digital Assets Equity UCITS ETF A USD Acc) and 3MST.L (Leverage Shares 3x Long MicroStrategy ETP) are both exchange-traded funds - DAGB.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD, while 3MST.L is a Leveraged Equities fund tracking the Euronext 3x Long MicroStrategy Index. Both are passively managed. Over the past year, DAGB.L returned 47.75% vs -99.26% for 3MST.L. A 0.71 correlation means they provide meaningful diversification when combined. DAGB.L charges 0.65%/yr vs 0.75%/yr for 3MST.L.
Performance
DAGB.L vs. 3MST.L - Performance Comparison
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Different Trading Currencies
DAGB.L is traded in GBP, while 3MST.L is traded in USD. To make them comparable, the 3MST.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, DAGB.L achieves a 29.14% return, which is significantly higher than 3MST.L's -78.55% return.
DAGB.L
- 1D
- -3.10%
- 1M
- 0.20%
- YTD
- 29.14%
- 6M
- 12.28%
- 1Y
- 47.75%
- 3Y*
- 52.74%
- 5Y*
- -1.09%
- 10Y*
- —
3MST.L
- 1D
- -8.65%
- 1M
- -68.70%
- YTD
- -78.55%
- 6M
- -86.57%
- 1Y
- -99.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DAGB.L vs. 3MST.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DAGB.L VanEck Digital Assets Equity UCITS ETF A USD Acc | 29.14% | 2.77% | 36.72% |
3MST.L Leverage Shares 3x Long MicroStrategy ETP | -78.55% | -98.53% | 183.29% |
Correlation
The correlation between DAGB.L and 3MST.L is 0.66, 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 | 0.66 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2024 | 0.71 |
The correlation between DAGB.L and 3MST.L has been stable across timeframes, ranging from 0.66 to 0.71 - a consistent structural relationship.
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Return for Risk
DAGB.L vs. 3MST.L — Risk / Return Rank
DAGB.L
3MST.L
DAGB.L vs. 3MST.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Digital Assets Equity UCITS ETF A USD Acc (DAGB.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.
| DAGB.L | 3MST.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.39 | ||
| Sortino ratioReturn per unit of downside risk | +3.53 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.78 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | -1.00 | +2.12 |
| Martin ratioReturn relative to average drawdown | 2.03 | -1.21 | +3.24 |
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
| DAGB.L | 3MST.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | -0.50 | +1.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.02 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.05 | -0.40 | +0.35 |
Drawdowns
DAGB.L vs. 3MST.L - Drawdown Comparison
The maximum DAGB.L drawdown since its inception was -91.23%, smaller than the maximum 3MST.L drawdown of -99.94%. Use the drawdown chart below to compare losses from any high point for DAGB.L and 3MST.L.
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Drawdown Indicators
| DAGB.L | 3MST.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.23% | -99.94% | +8.71% |
Max Drawdown (1Y)Largest decline over 1 year | -45.63% | -99.53% | +53.90% |
Max Drawdown (3Y)Largest decline over 3 years | -58.45% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -91.23% | — | — |
Current DrawdownCurrent decline from peak | -33.56% | -99.94% | +66.38% |
Average DrawdownAverage peak-to-trough decline | -57.60% | -85.51% | +27.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.31% | 82.32% | -57.01% |
Volatility
DAGB.L vs. 3MST.L - Volatility Comparison
The current volatility for VanEck Digital Assets Equity UCITS ETF A USD Acc (DAGB.L) is 16.79%, while Leverage Shares 3x Long MicroStrategy ETP (3MST.L) has a volatility of 61.38%. This indicates that DAGB.L experiences smaller price fluctuations and is considered to be less risky 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
| DAGB.L | 3MST.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.79% | 61.38% | -44.59% |
Volatility (6M)Calculated over the trailing 6-month period | 40.07% | 159.89% | -119.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.84% | 198.61% | -140.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.95% | 235.94% | -163.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.78% | 235.94% | -164.16% |
DAGB.L vs. 3MST.L - Expense Ratio Comparison
DAGB.L has a 0.65% expense ratio, which is lower than 3MST.L's 0.75% expense ratio.
Dividends
DAGB.L vs. 3MST.L - Dividend Comparison
Neither DAGB.L nor 3MST.L has paid dividends to shareholders.
Frequently Asked Questions
DAGB.L and 3MST.L have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DAGB.L is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DAGB.L is cheaper with a 0.65% expense ratio, compared with 0.75% for 3MST.L.
DAGB.L is categorized as Technology Equities, while 3MST.L is Leveraged Equities. DAGB.L tracks MSCI World/Information Tech NR USD, while 3MST.L tracks Euronext 3x Long MicroStrategy Index. They also come from different issuers: VanEck and Leverage Shares. Their fees differ too: 0.65% for DAGB.L and 0.75% for 3MST.L.
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