KWE3.L vs. CBUK.DE
Compare and contrast key facts about Leverage Shares 3x Long China Tech ETC Securities (KWE3.L) and iShares MSCI China Tech UCITS ETF USD Acc (CBUK.DE).
KWE3.L and CBUK.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KWE3.L is an actively managed fund by Leverage Shares. It was launched on Dec 10, 2021. CBUK.DE is a passively managed fund by iShares that tracks the performance of the MSCI China Technology Sub-Industries ESG Screened Select Capped. It was launched on Dec 8, 2021.
Performance
KWE3.L vs. CBUK.DE - Performance Comparison
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KWE3.L vs. CBUK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
KWE3.L Leverage Shares 3x Long China Tech ETC Securities | -50.90% | 11.50% | -22.89% | -61.89% | -53.24% |
CBUK.DE iShares MSCI China Tech UCITS ETF USD Acc | -12.56% | 36.66% | 11.30% | -6.16% | -3.09% |
Different Trading Currencies
KWE3.L is traded in USD, while CBUK.DE is traded in EUR. To make them comparable, the CBUK.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, KWE3.L achieves a -50.90% return, which is significantly lower than CBUK.DE's -12.56% return.
KWE3.L
- 1D
- -3.95%
- 1M
- -17.96%
- YTD
- -50.90%
- 6M
- -73.74%
- 1Y
- -62.07%
- 3Y*
- -42.90%
- 5Y*
- —
- 10Y*
- —
CBUK.DE
- 1D
- -0.21%
- 1M
- -2.60%
- YTD
- -12.56%
- 6M
- -24.27%
- 1Y
- 3.30%
- 3Y*
- 6.17%
- 5Y*
- —
- 10Y*
- —
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KWE3.L vs. CBUK.DE - Expense Ratio Comparison
KWE3.L has a 0.75% expense ratio, which is higher than CBUK.DE's 0.45% expense ratio.
Return for Risk
KWE3.L vs. CBUK.DE — Risk / Return Rank
KWE3.L
CBUK.DE
KWE3.L vs. CBUK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long China Tech ETC Securities (KWE3.L) and iShares MSCI China Tech UCITS ETF USD Acc (CBUK.DE). 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.
| KWE3.L | CBUK.DE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.72 | 0.12 | -0.84 |
Sortino ratioReturn per unit of downside risk | -0.95 | 0.36 | -1.31 |
Omega ratioGain probability vs. loss probability | 0.89 | 1.05 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | -0.82 | 0.25 | -1.07 |
Martin ratioReturn relative to average drawdown | -1.79 | 0.60 | -2.39 |
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
| KWE3.L | CBUK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.72 | 0.12 | -0.84 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.45 | 0.15 | -0.60 |
Correlation
The correlation between KWE3.L and CBUK.DE is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
KWE3.L vs. CBUK.DE - Dividend Comparison
Neither KWE3.L nor CBUK.DE has paid dividends to shareholders.
Drawdowns
KWE3.L vs. CBUK.DE - Drawdown Comparison
The maximum KWE3.L drawdown since its inception was -98.42%, which is greater than CBUK.DE's maximum drawdown of -40.42%. Use the drawdown chart below to compare losses from any high point for KWE3.L and CBUK.DE.
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Drawdown Indicators
| KWE3.L | CBUK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.42% | -37.29% | -61.13% |
Max Drawdown (1Y)Largest decline over 1 year | -74.02% | -23.30% | -50.72% |
Current DrawdownCurrent decline from peak | -98.41% | -23.10% | -75.31% |
Average DrawdownAverage peak-to-trough decline | -90.06% | -16.29% | -73.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.84% | 9.96% | +23.88% |
Volatility
KWE3.L vs. CBUK.DE - Volatility Comparison
Leverage Shares 3x Long China Tech ETC Securities (KWE3.L) has a higher volatility of 26.61% compared to iShares MSCI China Tech UCITS ETF USD Acc (CBUK.DE) at 7.03%. This indicates that KWE3.L's price experiences larger fluctuations and is considered to be riskier than CBUK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KWE3.L | CBUK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.61% | 7.03% | +19.58% |
Volatility (6M)Calculated over the trailing 6-month period | 53.53% | 16.40% | +37.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 86.01% | 26.43% | +59.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 137.38% | 33.16% | +104.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 137.38% | 33.16% | +104.22% |