JD3.L vs. 5SPY.L

Last updated Jun 26, 2026

JD3.L (Leverage Shares 3x JD.Com ETP Securities) and 5SPY.L (Leverage Shares 5x Long US 500 ETP Securities) are both Leveraged Equities funds from Leverage Shares. JD3.L is passively managed, while 5SPY.L is actively managed. Over the past 3 years, JD3.L returned 240.34%/yr vs 47.64%/yr for 5SPY.L. At a 0.27 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

JD3.L vs. 5SPY.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 3x JD.Com ETP Securities (JD3.L) and Leverage Shares 5x Long US 500 ETP Securities (5SPY.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JD3.L achieves a -42.72% return, which is significantly lower than 5SPY.L's 16.66% 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*: —

5SPY.L

• 1D: -3.53%
• 1M: -11.24%
• YTD: 16.66%
• 6M: 15.09%
• 1Y: 76.72%
• 3Y*: 47.64%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JD3.L vs. 5SPY.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
JD3.L Leverage Shares 3x JD.Com ETP Securities	-42.72%	-69.44%	-28.20%	4,648.41%	-89.98%	-29.66%
5SPY.L Leverage Shares 5x Long US 500 ETP Securities	16.66%	1.52%	98.06%	100.80%	-80.81%	13.40%

Correlation

The correlation between JD3.L and 5SPY.L is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (All Time) Calculated using the full available price history since Dec 14, 2021	0.27

JD3.L vs. 5SPY.L - Sectors Allocation Comparison

Sectors	JD3.L	5SPY.L
Consumer Cyclical	100.0%	10.0%
Basic Materials	-	1.7%
Communication Services	-	10.8%
Consumer Defensive	-	4.6%
Energy	-	3.2%
Financial Services	-	11.0%
Healthcare	-	8.4%
Industrials	-	7.9%
Real Estate	-	1.8%
Technology	-	38.4%
Utilities	-	2.1%

Return for Risk

JD3.L vs. 5SPY.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JD3.L

JD3.L Risk / Return Rank: 3
JD3.L Sharpe Ratio Rank: 4
JD3.L Sortino Ratio Rank: 3
JD3.L Omega Ratio Rank: 3
JD3.L Calmar Ratio Rank: 1
JD3.L Martin Ratio Rank: 1

5SPY.L

5SPY.L Risk / Return Rank: 41
5SPY.L Sharpe Ratio Rank: 41
5SPY.L Sortino Ratio Rank: 43
5SPY.L Omega Ratio Rank: 39
5SPY.L Calmar Ratio Rank: 39
5SPY.L Martin Ratio Rank: 41

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JD3.L vs. 5SPY.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 5x Long US 500 ETP Securities (5SPY.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	5SPY.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.71	1.33	-2.04
Sortino ratio: Return per unit of downside risk	-1.16	1.98	-3.14
Omega ratio: Gain probability vs. loss probability	0.88	1.24	-0.36
Calmar ratio: Return relative to maximum drawdown	-0.95	1.79	-2.73
Martin ratio: Return relative to average drawdown	-1.56	5.89	-7.45

JD3.L vs. 5SPY.L - Sharpe Ratio Comparison

The current JD3.L Sharpe Ratio is -0.71, which is lower than the 5SPY.L Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of JD3.L and 5SPY.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JD3.L vs. 5SPY.L - Drawdown Comparison

The maximum JD3.L drawdown since its inception was -99.57%, which is greater than 5SPY.L's maximum drawdown of -82.86%. Use the drawdown chart below to compare losses from any high point for JD3.L and 5SPY.L.

Drawdown Indicators

	JD3.L	5SPY.L	Difference
Max Drawdown Largest peak-to-trough decline	-99.57%	-82.86%	-16.71%
Max Drawdown (1Y) Largest decline over 1 year	-74.12%	-42.76%	-31.36%
Max Drawdown (3Y) Largest decline over 3 years	-94.26%	-72.55%	-21.71%
Max Drawdown (5Y) Largest decline over 5 years	-99.57%	—	—
Current Drawdown Current decline from peak	-94.26%	-16.24%	-78.02%
Average Drawdown Average peak-to-trough decline	-71.07%	-49.30%	-21.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	45.08%	12.99%	+32.09%

Volatility

JD3.L vs. 5SPY.L - Volatility Comparison

Leverage Shares 3x JD.Com ETP Securities (JD3.L) has a higher volatility of 30.94% compared to Leverage Shares 5x Long US 500 ETP Securities (5SPY.L) at 18.96%. This indicates that JD3.L's price experiences larger fluctuations and is considered to be riskier than 5SPY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JD3.L	5SPY.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	30.94%	18.96%	+11.98%
Volatility (6M) Calculated over the trailing 6-month period	75.09%	43.30%	+31.79%
Volatility (1Y) Calculated over the trailing 1-year period	99.68%	57.25%	+42.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30,918.65%	79.20%	+30,839.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30,796.68%	79.20%	+30,717.48%

JD3.L vs. 5SPY.L - Expense Ratio Comparison

Both JD3.L and 5SPY.L have an expense ratio of 0.75%.

Dividends

JD3.L vs. 5SPY.L - Dividend Comparison

Neither JD3.L nor 5SPY.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both JD3.L and 5SPY.L in my portfolio?

JD3.L and 5SPY.L have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JD3.L or 5SPY.L?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JD3.L or 5SPY.L?

JD3.L and 5SPY.L have the same expense ratio: 0.75% per year.