FEDF.L vs. 3USL.L
FEDF.L (Amundi USD Fed Funds Rate UCITS ETF Acc) and 3USL.L (WisdomTree S&P 500 3x Daily Leveraged GB) are both exchange-traded funds - FEDF.L is a Money Market fund tracking the Solactive Fed Funds Effective Rate Total Return Index, while 3USL.L is a Leveraged Equities fund tracking the S&P 500 Net Total Returns Index. Both are passively managed. Over the past 10 years, FEDF.L returned 2.32%/yr vs 27.42%/yr for 3USL.L. At a 0.01 correlation, their price movements are largely independent. FEDF.L charges 0.10%/yr vs 0.75%/yr for 3USL.L.
Performance
FEDF.L vs. 3USL.L - Performance Comparison
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Returns By Period
In the year-to-date period, FEDF.L achieves a 1.97% return, which is significantly lower than 3USL.L's 22.59% return. Over the past 10 years, FEDF.L has underperformed 3USL.L with an annualized return of 2.32%, while 3USL.L has yielded a comparatively higher 27.42% annualized return.
FEDF.L
- 1D
- 0.06%
- 1M
- 0.35%
- 6M
- 1.88%
- YTD
- 1.97%
- 1Y
- 3.92%
- 3Y*
- 4.67%
- 5Y*
- 3.62%
- 10Y*
- 2.32%
3USL.L
- 1D
- 0.64%
- 1M
- -1.12%
- 6M
- 21.60%
- YTD
- 22.59%
- 1Y
- 53.10%
- 3Y*
- 42.60%
- 5Y*
- 19.75%
- 10Y*
- 27.42%
FEDF.L vs. 3USL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEDF.L Amundi USD Fed Funds Rate UCITS ETF Acc | 1.97% | 4.26% | 5.24% | 5.10% | 1.60% | -0.03% | 0.28% | 2.13% | 1.74% | 0.93% |
3USL.L WisdomTree S&P 500 3x Daily Leveraged GB | 22.59% | 28.97% | 63.99% | 70.50% | -57.35% | 101.78% | 7.90% | 97.95% | -26.23% | 66.85% |
Correlation
The correlation between FEDF.L and 3USL.L is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2015 | 0.01 |
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Return for Risk
FEDF.L vs. 3USL.L — Risk / Return Rank
FEDF.L
3USL.L
FEDF.L vs. 3USL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi USD Fed Funds Rate UCITS ETF Acc (FEDF.L) and WisdomTree S&P 500 3x Daily Leveraged GB (3USL.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.
| FEDF.L | 3USL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.79 | ||
| Sortino ratioReturn per unit of downside risk | +12.05 | ||
| Omega ratioGain probability vs. loss probability | 3.35 | 1.25 | +2.10 |
| Calmar ratioReturn relative to maximum drawdown | 30.12 | 2.09 | +28.03 |
| Martin ratioReturn relative to average drawdown | 178.09 | 7.85 | +170.24 |
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Drawdowns
FEDF.L vs. 3USL.L - Drawdown Comparison
The maximum FEDF.L drawdown since its inception was -0.28%, smaller than the maximum 3USL.L drawdown of -76.72%. Use the drawdown chart below to compare losses from any high point for FEDF.L and 3USL.L.
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Drawdown Indicators
| FEDF.L | 3USL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.28% | -76.72% | +76.44% |
Max Drawdown (1Y)Largest decline over 1 year | -0.13% | -25.29% | +25.16% |
Max Drawdown (3Y)Largest decline over 3 years | -0.13% | -48.69% | +48.56% |
Max Drawdown (5Y)Largest decline over 5 years | -0.13% | -63.46% | +63.33% |
Max Drawdown (10Y)Largest decline over 10 years | -0.28% | -76.72% | +76.44% |
Current DrawdownCurrent decline from peak | 0.00% | -3.82% | +3.82% |
Average DrawdownAverage peak-to-trough decline | -0.01% | -14.68% | +14.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 6.75% | -6.73% |
Volatility
FEDF.L vs. 3USL.L - Volatility Comparison
The current volatility for Amundi USD Fed Funds Rate UCITS ETF Acc (FEDF.L) is 0.11%, while WisdomTree S&P 500 3x Daily Leveraged GB (3USL.L) has a volatility of 8.83%. This indicates that FEDF.L experiences smaller price fluctuations and is considered to be less risky than 3USL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEDF.L | 3USL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.11% | 8.83% | -8.72% |
Volatility (6M)Calculated over the trailing 6-month period | 0.35% | 27.74% | -27.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.54% | 35.86% | -35.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.43% | 47.63% | -47.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.35% | 48.40% | -48.05% |
FEDF.L vs. 3USL.L - Expense Ratio Comparison
FEDF.L has a 0.10% expense ratio, which is lower than 3USL.L's 0.75% expense ratio.
Dividends
FEDF.L vs. 3USL.L - Dividend Comparison
Neither FEDF.L nor 3USL.L has paid dividends to shareholders.
Frequently Asked Questions
FEDF.L and 3USL.L have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FEDF.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FEDF.L is cheaper with a 0.10% expense ratio, compared with 0.75% for 3USL.L.
FEDF.L is categorized as Money Market, while 3USL.L is Leveraged Equities. FEDF.L tracks Solactive Fed Funds Effective Rate Total Return Index, while 3USL.L tracks S&P 500 Net Total Returns Index. They also come from different issuers: Amundi and WisdomTree. Their fees differ too: 0.10% for FEDF.L and 0.75% for 3USL.L.
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