MBZ3.DE vs. OAMZ.DE

Last updated Apr 2, 2026

Compare and contrast key facts about Leverage Shares 3x Long Mercedes Benz (MBG) ETP Securities (MBZ3.DE) and IncomeShares Amazon (AMZN) Options ETP (OAMZ.DE).

MBZ3.DE and OAMZ.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MBZ3.DE is a passively managed fund by Leverage Shares that tracks the performance of the iSTOXX 3x Leveraged MBG Index. It was launched on Sep 13, 2022. OAMZ.DE is an actively managed fund by Leverage Shares. It was launched on Nov 15, 2024.

Performance

MBZ3.DE vs. OAMZ.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Leverage Shares 3x Long Mercedes Benz (MBG) ETP Securities (MBZ3.DE) and IncomeShares Amazon (AMZN) Options ETP (OAMZ.DE). The values are adjusted to include any dividend payments, if applicable.

MBZ3.DE vs. OAMZ.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MBZ3.DE Leverage Shares 3x Long Mercedes Benz (MBG) ETP Securities	-37.09%	18.19%	1.67%
OAMZ.DE IncomeShares Amazon (AMZN) Options ETP	-18.28%	-6.83%	5.26%

Returns By Period

In the year-to-date period, MBZ3.DE achieves a -37.09% return, which is significantly lower than OAMZ.DE's -18.28% return.

MBZ3.DE

• 1D: 2.92%
• 1M: -20.59%
• YTD: -37.09%
• 6M: -20.64%
• 1Y: -17.91%
• 3Y*: -36.93%
• 5Y*: —
• 10Y*: —

OAMZ.DE

• 1D: -0.30%
• 1M: 1.09%
• YTD: -18.28%
• 6M: -15.42%
• 1Y: -12.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MBZ3.DE vs. OAMZ.DE - Expense Ratio Comparison

MBZ3.DE has a 0.75% expense ratio, which is higher than OAMZ.DE's 0.55% expense ratio.

MBZ3.DE

Leverage Shares 3x Long Mercedes Benz (MBG) ETP Securities

OAMZ.DE

IncomeShares Amazon (AMZN) Options ETP

Return for Risk

MBZ3.DE vs. OAMZ.DE — Risk / Return Rank

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

MBZ3.DE

MBZ3.DE Risk / Return Rank: 8
MBZ3.DE Sharpe Ratio Rank: 8
MBZ3.DE Sortino Ratio Rank: 12
MBZ3.DE Omega Ratio Rank: 12
MBZ3.DE Calmar Ratio Rank: 6
MBZ3.DE Martin Ratio Rank: 5

OAMZ.DE

OAMZ.DE Risk / Return Rank: 8
OAMZ.DE Sharpe Ratio Rank: 6
OAMZ.DE Sortino Ratio Rank: 7
OAMZ.DE Omega Ratio Rank: 7
OAMZ.DE Calmar Ratio Rank: 9
OAMZ.DE Martin Ratio Rank: 9

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.

MBZ3.DE vs. OAMZ.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long Mercedes Benz (MBG) ETP Securities (MBZ3.DE) and IncomeShares Amazon (AMZN) Options ETP (OAMZ.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.

	MBZ3.DE	OAMZ.DE	Difference
Sharpe ratio Return per unit of total volatility	-0.23	-0.32	+0.09
Sortino ratio Return per unit of downside risk	0.18	-0.21	+0.39
Omega ratio Gain probability vs. loss probability	1.02	0.97	+0.05
Calmar ratio Return relative to maximum drawdown	-0.35	-0.16	-0.19
Martin ratio Return relative to average drawdown	-0.89	-0.36	-0.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MBZ3.DE vs. OAMZ.DE - Sharpe Ratio Comparison

The current MBZ3.DE Sharpe Ratio is -0.23, which is comparable to the OAMZ.DE Sharpe Ratio of -0.32. The chart below compares the historical Sharpe Ratios of MBZ3.DE and OAMZ.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MBZ3.DE	OAMZ.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.23	-0.32	+0.09
Sharpe Ratio (All Time) Calculated using the full available price history	-0.33	-0.42	+0.09

Correlation

The correlation between MBZ3.DE and OAMZ.DE is 0.17, 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

MBZ3.DE vs. OAMZ.DE - Dividend Comparison

MBZ3.DE has not paid dividends to shareholders, while OAMZ.DE's dividend yield for the trailing twelve months is around 13.88%.

	TTM	2025
MBZ3.DE Leverage Shares 3x Long Mercedes Benz (MBG) ETP Securities	0.00%	0.00%
OAMZ.DE IncomeShares Amazon (AMZN) Options ETP	13.88%	14.46%

Drawdowns

MBZ3.DE vs. OAMZ.DE - Drawdown Comparison

The maximum MBZ3.DE drawdown since its inception was -86.65%, which is greater than OAMZ.DE's maximum drawdown of -32.63%. Use the drawdown chart below to compare losses from any high point for MBZ3.DE and OAMZ.DE.

Drawdown Indicators

	MBZ3.DE	OAMZ.DE	Difference
Max Drawdown Largest peak-to-trough decline	-86.65%	-32.63%	-54.02%
Max Drawdown (1Y) Largest decline over 1 year	-48.09%	-32.09%	-16.00%
Current Drawdown Current decline from peak	-82.34%	-30.79%	-51.55%
Average Drawdown Average peak-to-trough decline	-50.66%	-15.45%	-35.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.87%	14.31%	+4.56%

Volatility

MBZ3.DE vs. OAMZ.DE - Volatility Comparison

Leverage Shares 3x Long Mercedes Benz (MBG) ETP Securities (MBZ3.DE) has a higher volatility of 18.87% compared to IncomeShares Amazon (AMZN) Options ETP (OAMZ.DE) at 8.66%. This indicates that MBZ3.DE's price experiences larger fluctuations and is considered to be riskier than OAMZ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MBZ3.DE	OAMZ.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.87%	8.66%	+10.21%
Volatility (6M) Calculated over the trailing 6-month period	49.36%	31.81%	+17.55%
Volatility (1Y) Calculated over the trailing 1-year period	76.21%	38.54%	+37.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	73.05%	35.85%	+37.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	73.05%	35.85%	+37.20%