KWE3.L vs. MAGD.L

Last updated Apr 4, 2026

Compare and contrast key facts about Leverage Shares 3x Long China Tech ETC Securities (KWE3.L) and IncomeShares Magnificent 7 Options ETP (MAGD.L).

KWE3.L and MAGD.L 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. MAGD.L is an actively managed fund by Leverage Shares. It was launched on Jun 27, 2025.

Performance

KWE3.L vs. MAGD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 3x Long China Tech ETC Securities (KWE3.L) and IncomeShares Magnificent 7 Options ETP (MAGD.L). The values are adjusted to include any dividend payments, if applicable.

KWE3.L vs. MAGD.L - Yearly Performance Comparison

	2026 (YTD)	2025
KWE3.L Leverage Shares 3x Long China Tech ETC Securities	-50.90%	-3.34%
MAGD.L IncomeShares Magnificent 7 Options ETP	-19.68%	10.94%

Returns By Period

In the year-to-date period, KWE3.L achieves a -50.90% return, which is significantly lower than MAGD.L's -19.68% return.

KWE3.L

• 1D: -3.95%
• 1M: -21.11%
• YTD: -50.90%
• 6M: -73.44%
• 1Y: -60.67%
• 3Y*: -42.90%
• 5Y*: —
• 10Y*: —

MAGD.L

• 1D: 0.10%
• 1M: -6.83%
• YTD: -19.68%
• 6M: -19.54%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KWE3.L vs. MAGD.L - Expense Ratio Comparison

KWE3.L has a 0.75% expense ratio, which is higher than MAGD.L's 0.45% expense ratio.

KWE3.L

Leverage Shares 3x Long China Tech ETC Securities

MAGD.L

IncomeShares Magnificent 7 Options ETP

Return for Risk

KWE3.L vs. MAGD.L — Risk / Return Rank

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

KWE3.L

KWE3.L Risk / Return Rank: 1
KWE3.L Sharpe Ratio Rank: 2
KWE3.L Sortino Ratio Rank: 2
KWE3.L Omega Ratio Rank: 2
KWE3.L Calmar Ratio Rank: 1
KWE3.L Martin Ratio Rank: 0

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.

KWE3.L vs. MAGD.L - 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 IncomeShares Magnificent 7 Options ETP (MAGD.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.

	KWE3.L	MAGD.L	Difference
Sharpe ratio Return per unit of total volatility	-0.72	—	—
Sortino ratio Return per unit of downside risk	-0.95	—	—
Omega ratio Gain probability vs. loss probability	0.89	—	—
Calmar ratio Return relative to maximum drawdown	-0.82	—	—
Martin ratio Return relative to average drawdown	-1.79	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	KWE3.L	MAGD.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.72	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.45	-0.70	+0.25

Correlation

The correlation between KWE3.L and MAGD.L is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

KWE3.L vs. MAGD.L - Dividend Comparison

KWE3.L has not paid dividends to shareholders, while MAGD.L's dividend yield for the trailing twelve months is around 0.25%.

	TTM	2025
KWE3.L Leverage Shares 3x Long China Tech ETC Securities	0.00%	0.00%
MAGD.L IncomeShares Magnificent 7 Options ETP	0.25%	0.07%

Drawdowns

KWE3.L vs. MAGD.L - Drawdown Comparison

The maximum KWE3.L drawdown since its inception was -98.42%, which is greater than MAGD.L's maximum drawdown of -27.28%. Use the drawdown chart below to compare losses from any high point for KWE3.L and MAGD.L.

Drawdown Indicators

	KWE3.L	MAGD.L	Difference
Max Drawdown Largest peak-to-trough decline	-98.42%	-27.28%	-71.14%
Max Drawdown (1Y) Largest decline over 1 year	-74.02%	—	—
Current Drawdown Current decline from peak	-98.41%	-26.04%	-72.37%
Average Drawdown Average peak-to-trough decline	-90.06%	-8.45%	-81.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.84%	—	—

Volatility

Volatility by Period

	KWE3.L	MAGD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.61%	—	—
Volatility (6M) Calculated over the trailing 6-month period	53.53%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	86.01%	20.03%	+65.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	137.38%	20.03%	+117.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	137.38%	20.03%	+117.35%