TDAX vs. MRN3.L
Compare and contrast key facts about TDAQ Lift ETF (TDAX) and Leverage Shares 3x Long Moderna (MRNA) ETP Securities (MRN3.L).
TDAX and MRN3.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TDAX is an actively managed fund by TappAlpha. It was launched on Jan 7, 2026. MRN3.L is a passively managed fund by Leverage Shares that tracks the performance of the iSTOXX Leveraged 3x MRNA Index. It was launched on Dec 10, 2021.
Performance
TDAX vs. MRN3.L - Performance Comparison
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TDAX vs. MRN3.L - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
TDAX TDAQ Lift ETF | -8.66% |
MRN3.L Leverage Shares 3x Long Moderna (MRNA) ETP Securities | 79.85% |
Returns By Period
TDAX
- 1D
- 2.51%
- 1M
- -5.10%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MRN3.L
- 1D
- 5.13%
- 1M
- -28.06%
- YTD
- 185.34%
- 6M
- 153.22%
- 1Y
- 23.95%
- 3Y*
- -92.58%
- 5Y*
- —
- 10Y*
- —
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TDAX vs. MRN3.L - Expense Ratio Comparison
TDAX has a 0.98% expense ratio, which is higher than MRN3.L's 0.75% expense ratio.
Return for Risk
TDAX vs. MRN3.L — Risk / Return Rank
TDAX
MRN3.L
TDAX vs. MRN3.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TDAQ Lift ETF (TDAX) and Leverage Shares 3x Long Moderna (MRNA) ETP Securities (MRN3.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.
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Sharpe Ratios by Period
| TDAX | MRN3.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.11 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.34 | -0.43 | -0.91 |
Correlation
The correlation between TDAX and MRN3.L is 0.19, 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
TDAX vs. MRN3.L - Dividend Comparison
TDAX's dividend yield for the trailing twelve months is around 5.53%, while MRN3.L has not paid dividends to shareholders.
| TTM | |
|---|---|
TDAX TDAQ Lift ETF | 5.53% |
MRN3.L Leverage Shares 3x Long Moderna (MRNA) ETP Securities | 0.00% |
Drawdowns
TDAX vs. MRN3.L - Drawdown Comparison
The maximum TDAX drawdown since its inception was -14.69%, smaller than the maximum MRN3.L drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for TDAX and MRN3.L.
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Drawdown Indicators
| TDAX | MRN3.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.69% | -100.00% | +85.31% |
Max Drawdown (1Y)Largest decline over 1 year | — | -81.28% | — |
Current DrawdownCurrent decline from peak | -9.43% | -100.00% | +90.57% |
Average DrawdownAverage peak-to-trough decline | -5.19% | -97.52% | +92.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 49.36% | — |
Volatility
TDAX vs. MRN3.L - Volatility Comparison
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Volatility by Period
| TDAX | MRN3.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 67.32% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 163.13% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 24.58% | 213.24% | -188.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.58% | 223.41% | -198.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.58% | 223.41% | -198.83% |