YMSF.DE vs. 3JPN.DE

Last updated Apr 2, 2026

Compare and contrast key facts about IncomeShares Microsoft (MSFT) Options ETP (YMSF.DE) and Leverage Shares 3x Long Japan ETP Securities (3JPN.DE).

YMSF.DE and 3JPN.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. YMSF.DE is an actively managed fund by Leverage Shares. It was launched on Nov 15, 2024. 3JPN.DE is an actively managed fund by Leverage Shares. It was launched on Sep 13, 2022.

Performance

YMSF.DE vs. 3JPN.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in IncomeShares Microsoft (MSFT) Options ETP (YMSF.DE) and Leverage Shares 3x Long Japan ETP Securities (3JPN.DE). The values are adjusted to include any dividend payments, if applicable.

YMSF.DE vs. 3JPN.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
YMSF.DE IncomeShares Microsoft (MSFT) Options ETP	-26.34%	-1.48%	2.79%
3JPN.DE Leverage Shares 3x Long Japan ETP Securities	15.45%	27.74%	1.21%

Returns By Period

In the year-to-date period, YMSF.DE achieves a -26.34% return, which is significantly lower than 3JPN.DE's 15.45% return.

YMSF.DE

• 1D: -1.15%
• 1M: -6.81%
• YTD: -26.34%
• 6M: -29.08%
• 1Y: -17.06%
• 3Y*: —
• 5Y*: —
• 10Y*: —

3JPN.DE

• 1D: 16.25%
• 1M: -11.77%
• YTD: 15.45%
• 6M: 22.07%
• 1Y: 57.13%
• 3Y*: 19.71%
• 5Y*: —
• 10Y*: —

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

YMSF.DE vs. 3JPN.DE - Expense Ratio Comparison

YMSF.DE has a 0.55% expense ratio, which is lower than 3JPN.DE's 0.75% expense ratio.

3JPN.DE

Leverage Shares 3x Long Japan ETP Securities

YMSF.DE

IncomeShares Microsoft (MSFT) Options ETP

Return for Risk

YMSF.DE vs. 3JPN.DE — Risk / Return Rank

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

YMSF.DE

YMSF.DE Risk / Return Rank: 4
YMSF.DE Sharpe Ratio Rank: 4
YMSF.DE Sortino Ratio Rank: 4
YMSF.DE Omega Ratio Rank: 3
YMSF.DE Calmar Ratio Rank: 6
YMSF.DE Martin Ratio Rank: 6

3JPN.DE

3JPN.DE Risk / Return Rank: 53
3JPN.DE Sharpe Ratio Rank: 46
3JPN.DE Sortino Ratio Rank: 56
3JPN.DE Omega Ratio Rank: 51
3JPN.DE Calmar Ratio Rank: 60
3JPN.DE Martin Ratio Rank: 52

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.

YMSF.DE vs. 3JPN.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IncomeShares Microsoft (MSFT) Options ETP (YMSF.DE) and Leverage Shares 3x Long Japan ETP Securities (3JPN.DE). 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.

	YMSF.DE	3JPN.DE	Difference
Sharpe ratio Return per unit of total volatility	-0.55	0.90	-1.45
Sortino ratio Return per unit of downside risk	-0.63	1.55	-2.18
Omega ratio Gain probability vs. loss probability	0.91	1.21	-0.30
Calmar ratio Return relative to maximum drawdown	-0.33	1.73	-2.07
Martin ratio Return relative to average drawdown	-0.74	5.83	-6.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

YMSF.DE vs. 3JPN.DE - Sharpe Ratio Comparison

The current YMSF.DE Sharpe Ratio is -0.55, which is lower than the 3JPN.DE Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of YMSF.DE and 3JPN.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	YMSF.DE	3JPN.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.55	0.90	-1.45
Sharpe Ratio (All Time) Calculated using the full available price history	-0.66	0.41	-1.07

Correlation

The correlation between YMSF.DE and 3JPN.DE is 0.23, 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

YMSF.DE vs. 3JPN.DE - Dividend Comparison

YMSF.DE's dividend yield for the trailing twelve months is around 8.56%, while 3JPN.DE has not paid dividends to shareholders.

	TTM	2025
YMSF.DE IncomeShares Microsoft (MSFT) Options ETP	8.56%	7.16%
3JPN.DE Leverage Shares 3x Long Japan ETP Securities	0.00%	0.00%

Drawdowns

YMSF.DE vs. 3JPN.DE - Drawdown Comparison

The maximum YMSF.DE drawdown since its inception was -41.28%, smaller than the maximum 3JPN.DE drawdown of -51.65%. Use the drawdown chart below to compare losses from any high point for YMSF.DE and 3JPN.DE.

Drawdown Indicators

	YMSF.DE	3JPN.DE	Difference
Max Drawdown Largest peak-to-trough decline	-41.28%	-51.65%	+10.37%
Max Drawdown (1Y) Largest decline over 1 year	-41.28%	-34.71%	-6.57%
Current Drawdown Current decline from peak	-41.12%	-21.98%	-19.14%
Average Drawdown Average peak-to-trough decline	-13.85%	-14.47%	+0.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.53%	10.32%	+8.21%

Volatility

YMSF.DE vs. 3JPN.DE - Volatility Comparison

The current volatility for IncomeShares Microsoft (MSFT) Options ETP (YMSF.DE) is 4.72%, while Leverage Shares 3x Long Japan ETP Securities (3JPN.DE) has a volatility of 28.82%. This indicates that YMSF.DE experiences smaller price fluctuations and is considered to be less risky than 3JPN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YMSF.DE	3JPN.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.72%	28.82%	-24.10%
Volatility (6M) Calculated over the trailing 6-month period	26.64%	46.72%	-20.08%
Volatility (1Y) Calculated over the trailing 1-year period	31.11%	62.92%	-31.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.33%	52.07%	-22.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.33%	52.07%	-22.74%