MSFY.L vs. SMH3.L

Last updated Jun 6, 2026

MSFY.L (IncomeShares Microsoft (MSFT) Options ETP) and SMH3.L (Leverage Shares 3x Long Semiconductors ETP Securities) are both exchange-traded funds - MSFY.L is a Derivative Income fund actively managed by Leverage Shares, while SMH3.L is a Leveraged Equities fund actively managed by Leverage Shares. Both are actively managed. MSFY.L charges 0.55%/yr vs 0.75%/yr for SMH3.L.

Performance

MSFY.L vs. SMH3.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in IncomeShares Microsoft (MSFT) Options ETP (MSFY.L) and Leverage Shares 3x Long Semiconductors ETP Securities (SMH3.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MSFY.L

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SMH3.L

• 1D: -15.34%
• 1M: 20.18%
• YTD: 241.34%
• 6M: 229.29%
• 1Y: 695.17%
• 3Y*: 144.71%
• 5Y*: —
• 10Y*: —

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

Return for Risk

MSFY.L vs. SMH3.L — Risk / Return Rank

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

SMH3.L

SMH3.L Risk / Return Rank: 96
SMH3.L Sharpe Ratio Rank: 99
SMH3.L Sortino Ratio Rank: 93
SMH3.L Omega Ratio Rank: 90
SMH3.L Calmar Ratio Rank: 98
SMH3.L Martin Ratio Rank: 98

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.

MSFY.L vs. SMH3.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IncomeShares Microsoft (MSFT) Options ETP (MSFY.L) and Leverage Shares 3x Long Semiconductors ETP Securities (SMH3.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	MSFY.L	SMH3.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	7.33	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.46	—

Drawdowns

Drawdown Indicators

	MSFY.L	SMH3.L	Difference
Max Drawdown Largest peak-to-trough decline	—	-89.38%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-39.28%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-84.62%	—
Current Drawdown Current decline from peak	—	-20.71%	—
Average Drawdown Average peak-to-trough decline	—	-48.36%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	12.05%	—

Volatility

Volatility by Period

	MSFY.L	SMH3.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	42.02%	—
Volatility (6M) Calculated over the trailing 6-month period	—	73.36%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	94.02%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	101.51%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	101.51%	—

MSFY.L vs. SMH3.L - Expense Ratio Comparison

MSFY.L has a 0.55% expense ratio, which is lower than SMH3.L's 0.75% expense ratio.

Dividends

MSFY.L vs. SMH3.L - Dividend Comparison

Neither MSFY.L nor SMH3.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Which ETF is better, MSFY.L or SMH3.L?

On fees, MSFY.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MSFY.L or SMH3.L?

MSFY.L is cheaper with a 0.55% expense ratio, compared with 0.75% for SMH3.L.

What is the main difference between MSFY.L and SMH3.L?

MSFY.L is categorized as Derivative Income, while SMH3.L is Leveraged Equities. Their fees differ too: 0.55% for MSFY.L and 0.75% for SMH3.L.