JD3.L vs. 3MSE.L
JD3.L (Leverage Shares 3x JD.Com ETP Securities) and 3MSE.L (Leverage Shares 3x Microsoft ETP EUR) are both Leveraged Equities funds from Leverage Shares - JD3.L tracks the iSTOXX Leveraged 3x JD Index while 3MSE.L tracks the iSTOXX Leveraged 3X MSFT Index. Both are passively managed. Over the past 3 years, JD3.L returned -57.52%/yr vs -6.84%/yr for 3MSE.L. At a 0.16 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
JD3.L vs. 3MSE.L - Performance Comparison
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Different Trading Currencies
JD3.L is traded in USD, while 3MSE.L is traded in EUR. To make them comparable, the 3MSE.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, JD3.L achieves a -2.75% return, which is significantly higher than 3MSE.L's -44.72% return.
JD3.L
- 1D
- -10.96%
- 1M
- -11.09%
- YTD
- -2.75%
- 6M
- -15.94%
- 1Y
- -48.81%
- 3Y*
- -57.52%
- 5Y*
- —
- 10Y*
- —
3MSE.L
- 1D
- -10.86%
- 1M
- 6.10%
- YTD
- -44.72%
- 6M
- -43.38%
- 1Y
- -44.07%
- 3Y*
- -6.84%
- 5Y*
- 1.28%
- 10Y*
- —
JD3.L vs. 3MSE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
JD3.L Leverage Shares 3x JD.Com ETP Securities | -2.75% | -69.43% | -28.21% | -93.99% | -90.04% | -42.20% |
3MSE.L Leverage Shares 3x Microsoft ETP EUR | -44.72% | 6.53% | 13.51% | 184.17% | -77.65% | 116.07% |
Correlation
The correlation between JD3.L and 3MSE.L is 0.05, 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 | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2021 | 0.16 |
The correlation between JD3.L and 3MSE.L shifts across timeframes, from 0.05 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JD3.L vs. 3MSE.L — Risk / Return Rank
JD3.L
3MSE.L
JD3.L vs. 3MSE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x JD.Com ETP Securities (JD3.L) and Leverage Shares 3x Microsoft ETP EUR (3MSE.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.
| JD3.L | 3MSE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 0.94 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | -0.58 | -0.10 |
| Martin ratioReturn relative to average drawdown | -1.14 | -1.03 | -0.11 |
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
| JD3.L | 3MSE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.49 | -0.55 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.02 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.47 | 0.02 | -0.49 |
Drawdowns
JD3.L vs. 3MSE.L - Drawdown Comparison
The maximum JD3.L drawdown since its inception was -99.97%, which is greater than 3MSE.L's maximum drawdown of -83.21%. Use the drawdown chart below to compare losses from any high point for JD3.L and 3MSE.L.
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Drawdown Indicators
| JD3.L | 3MSE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.97% | -83.21% | -16.76% |
Max Drawdown (1Y)Largest decline over 1 year | -72.04% | -75.92% | +3.88% |
Max Drawdown (3Y)Largest decline over 3 years | -96.55% | -75.92% | -20.63% |
Max Drawdown (5Y)Largest decline over 5 years | — | -83.21% | — |
Current DrawdownCurrent decline from peak | -99.95% | -62.78% | -37.17% |
Average DrawdownAverage peak-to-trough decline | -88.82% | -38.27% | -50.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.75% | 42.70% | +0.05% |
Volatility
JD3.L vs. 3MSE.L - Volatility Comparison
Leverage Shares 3x JD.Com ETP Securities (JD3.L) has a higher volatility of 43.95% compared to Leverage Shares 3x Microsoft ETP EUR (3MSE.L) at 30.69%. This indicates that JD3.L's price experiences larger fluctuations and is considered to be riskier than 3MSE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JD3.L | 3MSE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 43.95% | 30.69% | +13.26% |
Volatility (6M)Calculated over the trailing 6-month period | 71.97% | 75.01% | -3.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 99.28% | 79.21% | +20.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 162.95% | 79.52% | +83.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 162.95% | 81.14% | +81.81% |
JD3.L vs. 3MSE.L - Expense Ratio Comparison
Both JD3.L and 3MSE.L have an expense ratio of 0.75%.
Dividends
JD3.L vs. 3MSE.L - Dividend Comparison
Neither JD3.L nor 3MSE.L has paid dividends to shareholders.
Frequently Asked Questions
JD3.L and 3MSE.L have a correlation of 0.05, 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.
JD3.L and 3MSE.L have the same expense ratio: 0.75% per year.
JD3.L tracks iSTOXX Leveraged 3x JD Index, while 3MSE.L tracks iSTOXX Leveraged 3X MSFT Index.
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