SMST.L vs. MAG7.L
SMST.L (Leverage Shares -3x Short MicroStrategy ETP) and MAG7.L (Leverage Shares 5x Long Magnificent 7 ETP Securities) are both exchange-traded funds - SMST.L is a Inverse Equities fund managed by Leverage Shares, while MAG7.L is a Leveraged Equities fund tracking the Solactive Magnificent 7 Index. Over the past year, SMST.L returned 56.44% vs 128.20% for MAG7.L. At a correlation of -0.39, they often move in opposite directions. Both charge a 0.75% expense ratio.
Performance
SMST.L vs. MAG7.L - Performance Comparison
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Different Trading Currencies
SMST.L is traded in GBP, while MAG7.L is traded in USD. To make them comparable, the MAG7.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, SMST.L achieves a -67.74% return, which is significantly lower than MAG7.L's 0.03% return.
SMST.L
- 1D
- 5.07%
- 1M
- 144.67%
- YTD
- -67.74%
- 6M
- -49.77%
- 1Y
- 56.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MAG7.L
- 1D
- 5.22%
- 1M
- 14.29%
- YTD
- 0.03%
- 6M
- -2.09%
- 1Y
- 128.20%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMST.L vs. MAG7.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SMST.L Leverage Shares -3x Short MicroStrategy ETP | -67.74% | 9,160.39% | -98.46% |
MAG7.L Leverage Shares 5x Long Magnificent 7 ETP Securities | 0.03% | -33.53% | 99.93% |
Correlation
The correlation between SMST.L and MAG7.L is -0.32, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.32 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2024 | -0.39 |
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Return for Risk
SMST.L vs. MAG7.L — Risk / Return Rank
SMST.L
MAG7.L
SMST.L vs. MAG7.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares -3x Short MicroStrategy ETP (SMST.L) and Leverage Shares 5x Long Magnificent 7 ETP Securities (MAG7.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.
| SMST.L | MAG7.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.24 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.60 | 1.78 | -1.18 |
| Martin ratioReturn relative to average drawdown | 1.17 | 4.31 | -3.14 |
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
| SMST.L | MAG7.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.28 | 1.32 | -1.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.00 | 0.22 | -0.22 |
Drawdowns
SMST.L vs. MAG7.L - Drawdown Comparison
The maximum SMST.L drawdown since its inception was -99.26%, which is greater than MAG7.L's maximum drawdown of -91.62%. Use the drawdown chart below to compare losses from any high point for SMST.L and MAG7.L.
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Drawdown Indicators
| SMST.L | MAG7.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.26% | -91.62% | -7.64% |
Max Drawdown (1Y)Largest decline over 1 year | -93.24% | -71.53% | -21.71% |
Current DrawdownCurrent decline from peak | -91.93% | -48.83% | -43.10% |
Average DrawdownAverage peak-to-trough decline | -80.49% | -48.64% | -31.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 48.05% | 29.64% | +18.41% |
Volatility
SMST.L vs. MAG7.L - Volatility Comparison
Leverage Shares -3x Short MicroStrategy ETP (SMST.L) has a higher volatility of 55.39% compared to Leverage Shares 5x Long Magnificent 7 ETP Securities (MAG7.L) at 27.37%. This indicates that SMST.L's price experiences larger fluctuations and is considered to be riskier than MAG7.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMST.L | MAG7.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 55.39% | 27.37% | +28.02% |
Volatility (6M)Calculated over the trailing 6-month period | 177.15% | 70.67% | +106.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 203.45% | 96.53% | +106.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19,133.00% | 123.90% | +19,009.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19,133.00% | 123.90% | +19,009.10% |
SMST.L vs. MAG7.L - Expense Ratio Comparison
Both SMST.L and MAG7.L have an expense ratio of 0.75%.
Dividends
SMST.L vs. MAG7.L - Dividend Comparison
Neither SMST.L nor MAG7.L has paid dividends to shareholders.
Frequently Asked Questions
SMST.L and MAG7.L have a correlation of -0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SMST.L and MAG7.L have the same expense ratio: 0.75% per year.
SMST.L is categorized as Inverse Equities, while MAG7.L is Leveraged Equities.
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