MSFI.L vs. 3NIE.L
MSFI.L (IncomeShares Microsoft (MSFT) Options ETP GBP) and 3NIE.L (Leverage Shares 3x Long NIO ETP Securities) are both exchange-traded funds - MSFI.L is a Derivative Income fund actively managed by Leverage Shares, while 3NIE.L is a Leveraged Equities fund tracking the iSTOXX Leveraged 3x NIO Index. MSFI.L is actively managed, while 3NIE.L is passively managed. At a 0.03 correlation, their price movements are largely independent. MSFI.L charges 0.55%/yr vs 0.75%/yr for 3NIE.L.
Performance
MSFI.L vs. 3NIE.L - Performance Comparison
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Different Trading Currencies
MSFI.L is traded in GBp, while 3NIE.L is traded in USD. To make them comparable, the 3NIE.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, MSFI.L achieves a -23.11% return, which is significantly higher than 3NIE.L's -29.13% return.
MSFI.L
- 1D
- 0.36%
- 1M
- -0.54%
- YTD
- -23.11%
- 6M
- -21.41%
- 1Y
- -17.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3NIE.L
- 1D
- -2.04%
- 1M
- -21.87%
- YTD
- -29.13%
- 6M
- -14.88%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSFI.L vs. 3NIE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSFI.L IncomeShares Microsoft (MSFT) Options ETP GBP | -23.11% | 2.30% |
3NIE.L Leverage Shares 3x Long NIO ETP Securities | -29.13% | -23.05% |
Correlation
The correlation between MSFI.L and 3NIE.L is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 26, 2025 | 0.03 |
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Return for Risk
MSFI.L vs. 3NIE.L — Risk / Return Rank
MSFI.L
3NIE.L
MSFI.L vs. 3NIE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares Microsoft (MSFT) Options ETP GBP (MSFI.L) and Leverage Shares 3x Long NIO ETP Securities (3NIE.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.
| MSFI.L | 3NIE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.88 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.51 | — | — |
| Martin ratioReturn relative to average drawdown | -0.98 | — | — |
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
| MSFI.L | 3NIE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.77 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.40 | -0.40 | 0.00 |
Drawdowns
MSFI.L vs. 3NIE.L - Drawdown Comparison
The maximum MSFI.L drawdown since its inception was -34.29%, smaller than the maximum 3NIE.L drawdown of -60.99%. Use the drawdown chart below to compare losses from any high point for MSFI.L and 3NIE.L.
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Drawdown Indicators
| MSFI.L | 3NIE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.29% | -60.99% | +26.70% |
Max Drawdown (1Y)Largest decline over 1 year | -34.29% | — | — |
Current DrawdownCurrent decline from peak | -30.42% | -49.47% | +19.05% |
Average DrawdownAverage peak-to-trough decline | -11.43% | -36.88% | +25.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.96% | — | — |
Volatility
MSFI.L vs. 3NIE.L - Volatility Comparison
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Volatility by Period
| MSFI.L | 3NIE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.90% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 19.89% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 23.02% | 175.06% | -152.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.21% | 175.06% | -151.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.21% | 175.06% | -151.85% |
MSFI.L vs. 3NIE.L - Expense Ratio Comparison
MSFI.L has a 0.55% expense ratio, which is lower than 3NIE.L's 0.75% expense ratio.
Dividends
MSFI.L vs. 3NIE.L - Dividend Comparison
MSFI.L's dividend yield for the trailing twelve months is around 9.47%, while 3NIE.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
3NIE.L Leverage Shares 3x Long NIO ETP Securities | 0.00% | 0.00% | 0.00% |
MSFI.L IncomeShares Microsoft (MSFT) Options ETP GBP | 9.47% | 6.96% | 1.18% |
Frequently Asked Questions
MSFI.L and 3NIE.L have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MSFI.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MSFI.L is cheaper with a 0.55% expense ratio, compared with 0.75% for 3NIE.L.
MSFI.L is categorized as Derivative Income, while 3NIE.L is Leveraged Equities. Their fees differ too: 0.55% for MSFI.L and 0.75% for 3NIE.L.
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