WisdomTree PHLX Semiconductor 3x Daily Leveraged (3SEM.DE)
WisdomTree PHLX Semiconductor 3x Daily Leveraged is an exchange-traded fund that tracks the daily movement of PHLX Semiconductor at 3x leverage. If the index rises 1% on a given day, this ETF gains approximately 3%. This page summarizes historical returns, costs, and a comparison with a simple trend-following strategy.
Performance Comparison
How would this product have performed compared with an unlevered investment in the same market? The table shows the LETF (with leverage) alongside a 1x reference (no leverage), showing how much the leverage has added or cost over the long term.
| Metric | LETF Buy & Hold | 1x Proxy / Benchmark |
|---|---|---|
| Total Return | +258.8% | +103.4% |
| CAGR | +228.8% | +92.8% |
| Max Drawdown | -65.2% | -28.6% |
| Cur. Drawdown | -57.5% | -21.9% |
| Volatility | 127.2% | 43.3% |
| Worst Year | 69.0% | 25.8% |
Performance Drift
Why didn't this 3× ETF simply deliver 3× the return of the underlying index over the last 12 months? The chart compares the actual LETF return with the return you would expect from a perfect 3× exposure to the index. Financing costs, daily rebalancing, product fees and other effects cause these two values to diverge. The breakdown shows how much each factor contributed.
Comparison of the actual LETF return with the expected 3× return of the index.
Strategy Check
Buy & Hold vs. SMA200
Buy & Hold means: buy once and hold long-term without trading. The SMA200 (200-day moving average) is a simple trend filter. When the market is above the average of the last 200 trading days, the strategy stays invested; when it is below, it exits. The table shows which strategy has historically delivered better risk-adjusted results.
| Metric | Buy & Hold | SMA200 |
|---|---|---|
| CAGR | +225.9% | +225.9% |
| Max Drawdown | -65.2% | -65.2% |
| Number of Trades | — | 0 |
| % Time Invested | 100.0% | 100.0% |