XS2D.L vs. 3NIE.L

Last updated Apr 2, 2026

Compare and contrast key facts about Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C (XS2D.L) and Leverage Shares 3x Long NIO ETP Securities (3NIE.L).

XS2D.L and 3NIE.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XS2D.L is a passively managed fund by Xtrackers that tracks the performance of the S&P 500 2x Leveraged Daily Index. It was launched on Mar 18, 2010. 3NIE.L is a passively managed fund by Leverage Shares that tracks the performance of the iSTOXX Leveraged 3x NIO Index. It was launched on Dec 10, 2021. Both XS2D.L and 3NIE.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

XS2D.L vs. 3NIE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C (XS2D.L) and Leverage Shares 3x Long NIO ETP Securities (3NIE.L). The values are adjusted to include any dividend payments, if applicable.

XS2D.L vs. 3NIE.L - Yearly Performance Comparison

	2026 (YTD)	2025
XS2D.L Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C	-9.33%	4.72%
3NIE.L Leverage Shares 3x Long NIO ETP Securities	5.39%	-21.24%

Returns By Period

In the year-to-date period, XS2D.L achieves a -9.33% return, which is significantly lower than 3NIE.L's 5.39% return.

XS2D.L

• 1D: 4.88%
• 1M: -7.66%
• YTD: -9.33%
• 6M: -4.81%
• 1Y: 29.17%
• 3Y*: 30.43%
• 5Y*: 16.54%
• 10Y*: 21.58%

3NIE.L

• 1D: 5.91%
• 1M: 84.55%
• YTD: 5.39%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XS2D.L vs. 3NIE.L - Expense Ratio Comparison

XS2D.L has a 0.60% expense ratio, which is lower than 3NIE.L's 0.75% expense ratio.

3NIE.L

Leverage Shares 3x Long NIO ETP Securities

XS2D.L

Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C

Return for Risk

XS2D.L vs. 3NIE.L — Risk / Return Rank

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

XS2D.L

XS2D.L Risk / Return Rank: 51
XS2D.L Sharpe Ratio Rank: 46
XS2D.L Sortino Ratio Rank: 48
XS2D.L Omega Ratio Rank: 48
XS2D.L Calmar Ratio Rank: 56
XS2D.L Martin Ratio Rank: 57

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.

XS2D.L vs. 3NIE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C (XS2D.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.

	XS2D.L	3NIE.L	Difference
Sharpe ratio Return per unit of total volatility	0.92	—	—
Sortino ratio Return per unit of downside risk	1.40	—	—
Omega ratio Gain probability vs. loss probability	1.20	—	—
Calmar ratio Return relative to maximum drawdown	1.66	—	—
Martin ratio Return relative to average drawdown	6.52	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	XS2D.L	3NIE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.92	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	-0.25	+1.00

Correlation

The correlation between XS2D.L and 3NIE.L is 0.12, 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

XS2D.L vs. 3NIE.L - Dividend Comparison

Neither XS2D.L nor 3NIE.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

XS2D.L vs. 3NIE.L - Drawdown Comparison

The maximum XS2D.L drawdown since its inception was -59.31%, roughly equal to the maximum 3NIE.L drawdown of -60.65%. Use the drawdown chart below to compare losses from any high point for XS2D.L and 3NIE.L.

Drawdown Indicators

	XS2D.L	3NIE.L	Difference
Max Drawdown Largest peak-to-trough decline	-59.31%	-60.65%	+1.34%
Max Drawdown (1Y) Largest decline over 1 year	-22.93%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-46.01%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-59.31%	—	—
Current Drawdown Current decline from peak	-11.50%	-18.25%	+6.75%
Average Drawdown Average peak-to-trough decline	-9.09%	-39.03%	+29.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.29%	—	—

Volatility

Volatility by Period

	XS2D.L	3NIE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.46%	—	—
Volatility (6M) Calculated over the trailing 6-month period	17.40%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	31.77%	164.11%	-132.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.69%	164.11%	-132.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.32%	164.11%	-131.79%