JD3.L vs. 3MST.L
JD3.L (Leverage Shares 3x JD.Com ETP Securities) and 3MST.L (Leverage Shares 3x Long MicroStrategy ETP) are both Leveraged Equities funds from Leverage Shares - JD3.L tracks the iSTOXX Leveraged 3x JD Index while 3MST.L tracks the Euronext 3x Long MicroStrategy Index. Both are passively managed. Over the past year, JD3.L returned -70.40% vs -58.62% for 3MST.L. At a 0.24 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
JD3.L vs. 3MST.L - Performance Comparison
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Returns By Period
In the year-to-date period, JD3.L achieves a -42.72% return, which is significantly lower than 3MST.L's 1,116.53% return.
JD3.L
- 1D
- -11.50%
- 1M
- -45.20%
- YTD
- -42.72%
- 6M
- -45.03%
- 1Y
- -70.40%
- 3Y*
- 240.34%
- 5Y*
- -22.65%
- 10Y*
- —
3MST.L
- 1D
- 0.00%
- 1M
- -82.05%
- YTD
- 1,116.53%
- 6M
- 1,089.46%
- 1Y
- -58.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JD3.L vs. 3MST.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JD3.L Leverage Shares 3x JD.Com ETP Securities | -42.72% | -69.44% | -17.54% |
3MST.L Leverage Shares 3x Long MicroStrategy ETP | 1,116.53% | -98.41% | 91.45% |
Correlation
The correlation between JD3.L and 3MST.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2024 | 0.24 |
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Return for Risk
JD3.L vs. 3MST.L — Risk / Return Rank
JD3.L
3MST.L
JD3.L vs. 3MST.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 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.
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.
| JD3.L | 3MST.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -86.27 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 9.89 | -9.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.95 | -0.59 | -0.36 |
| Martin ratioReturn relative to average drawdown | -1.56 | -0.78 | -0.78 |
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Drawdowns
JD3.L vs. 3MST.L - Drawdown Comparison
The maximum JD3.L drawdown since its inception was -99.57%, roughly equal to the maximum 3MST.L drawdown of -99.93%. Use the drawdown chart below to compare losses from any high point for JD3.L and 3MST.L.
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Drawdown Indicators
| JD3.L | 3MST.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.57% | -99.93% | +0.36% |
Max Drawdown (1Y)Largest decline over 1 year | -74.12% | -99.48% | +25.36% |
Max Drawdown (3Y)Largest decline over 3 years | -94.26% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -99.57% | — | — |
Current DrawdownCurrent decline from peak | -94.26% | -96.66% | +2.40% |
Average DrawdownAverage peak-to-trough decline | -71.07% | -83.35% | +12.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.08% | 75.09% | -30.01% |
Volatility
JD3.L vs. 3MST.L - Volatility Comparison
The current volatility for Leverage Shares 3x JD.Com ETP Securities (JD3.L) is 30.94%, while Leverage Shares 3x Long MicroStrategy ETP (3MST.L) has a volatility of 85.00%. This indicates that JD3.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
| JD3.L | 3MST.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.94% | 85.00% | -54.06% |
Volatility (6M)Calculated over the trailing 6-month period | 75.09% | 518.03% | -442.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 99.68% | 13,334.98% | -13,235.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30,918.65% | 10,112.41% | +20,806.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30,796.68% | 10,112.41% | +20,684.27% |
JD3.L vs. 3MST.L - Expense Ratio Comparison
Both JD3.L and 3MST.L have an expense ratio of 0.75%.
Dividends
JD3.L vs. 3MST.L - Dividend Comparison
Neither JD3.L nor 3MST.L has paid dividends to shareholders.
Frequently Asked Questions
JD3.L and 3MST.L have a correlation of 0.24, 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 3MST.L have the same expense ratio: 0.75% per year.
JD3.L tracks iSTOXX Leveraged 3x JD Index, while 3MST.L tracks Euronext 3x Long MicroStrategy Index.
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