SMH3.L vs. 3PLT.L
Compare and contrast key facts about Leverage Shares 3x Long Semiconductors ETP Securities (SMH3.L) and Leverage Shares 3x Palantir ETP Securities (3PLT.L).
SMH3.L and 3PLT.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMH3.L is an actively managed fund by Leverage Shares. It was launched on Dec 10, 2021. 3PLT.L is a passively managed fund by Leverage Shares that tracks the performance of the iSTOXX Leveraged 3x PLTR Index. It was launched on Jun 14, 2021.
Performance
SMH3.L vs. 3PLT.L - Performance Comparison
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SMH3.L vs. 3PLT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SMH3.L Leverage Shares 3x Long Semiconductors ETP Securities | 12.49% | 74.67% | 66.99% | 261.41% | -85.13% | 4.53% |
3PLT.L Leverage Shares 3x Palantir ETP Securities | -58.81% | 173.40% | 2,483.77% | 388.04% | -99.48% | -4.79% |
Different Trading Currencies
SMH3.L is traded in USD, while 3PLT.L is traded in GBp. To make them comparable, the 3PLT.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SMH3.L achieves a 12.49% return, which is significantly higher than 3PLT.L's -58.81% return.
SMH3.L
- 1D
- 18.04%
- 1M
- -10.93%
- YTD
- 12.49%
- 6M
- 34.61%
- 1Y
- 269.12%
- 3Y*
- 82.15%
- 5Y*
- —
- 10Y*
- —
3PLT.L
- 1D
- 9.28%
- 1M
- -2.32%
- YTD
- -58.81%
- 6M
- -70.17%
- 1Y
- 57.03%
- 3Y*
- 348.44%
- 5Y*
- —
- 10Y*
- —
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SMH3.L vs. 3PLT.L - Expense Ratio Comparison
Both SMH3.L and 3PLT.L have an expense ratio of 0.75%.
Return for Risk
SMH3.L vs. 3PLT.L — Risk / Return Rank
SMH3.L
3PLT.L
SMH3.L vs. 3PLT.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long Semiconductors ETP Securities (SMH3.L) and Leverage Shares 3x Palantir ETP Securities (3PLT.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.
| SMH3.L | 3PLT.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.75 | 0.35 | +2.40 |
Sortino ratioReturn per unit of downside risk | 2.78 | 1.65 | +1.12 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.21 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 6.66 | 0.56 | +6.10 |
Martin ratioReturn relative to average drawdown | 21.41 | 1.13 | +20.27 |
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
| SMH3.L | 3PLT.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.75 | 0.35 | +2.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | -0.14 | +0.29 |
Correlation
The correlation between SMH3.L and 3PLT.L is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
SMH3.L vs. 3PLT.L - Dividend Comparison
Neither SMH3.L nor 3PLT.L has paid dividends to shareholders.
Drawdowns
SMH3.L vs. 3PLT.L - Drawdown Comparison
The maximum SMH3.L drawdown since its inception was -89.37%, smaller than the maximum 3PLT.L drawdown of -99.90%. Use the drawdown chart below to compare losses from any high point for SMH3.L and 3PLT.L.
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Drawdown Indicators
| SMH3.L | 3PLT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.37% | -99.89% | +10.52% |
Max Drawdown (1Y)Largest decline over 1 year | -43.09% | -83.56% | +40.47% |
Current DrawdownCurrent decline from peak | -24.85% | -83.63% | +58.78% |
Average DrawdownAverage peak-to-trough decline | -50.06% | -84.57% | +34.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.21% | 41.68% | -29.47% |
Volatility
SMH3.L vs. 3PLT.L - Volatility Comparison
The current volatility for Leverage Shares 3x Long Semiconductors ETP Securities (SMH3.L) is 30.75%, while Leverage Shares 3x Palantir ETP Securities (3PLT.L) has a volatility of 34.55%. This indicates that SMH3.L experiences smaller price fluctuations and is considered to be less risky than 3PLT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMH3.L | 3PLT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.75% | 34.55% | -3.80% |
Volatility (6M)Calculated over the trailing 6-month period | 67.92% | 109.71% | -41.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 97.22% | 161.93% | -64.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 99.97% | 195.33% | -95.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 99.97% | 195.33% | -95.36% |