2AMD.L vs. 3GDE.L
2AMD.L (Leverage Shares 2x Advanced Micro Devices ETC GBP) and 3GDE.L (Leverage Shares 3x Long Gold Miners ETC EUR) are both Leveraged Equities funds from Leverage Shares. 2AMD.L is passively managed, while 3GDE.L is actively managed. Over the past 3 years, 2AMD.L returned 74.75%/yr vs 47.14%/yr for 3GDE.L. At a 0.13 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
2AMD.L vs. 3GDE.L - Performance Comparison
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Different Trading Currencies
2AMD.L is traded in GBp, while 3GDE.L is traded in EUR. To make them comparable, the 3GDE.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, 2AMD.L achieves a 345.45% return, which is significantly higher than 3GDE.L's -38.64% return.
2AMD.L
- 1D
- -0.87%
- 1M
- 98.27%
- YTD
- 345.45%
- 6M
- 330.90%
- 1Y
- 1,086.85%
- 3Y*
- 74.75%
- 5Y*
- 45.83%
- 10Y*
- —
3GDE.L
- 1D
- -5.91%
- 1M
- -10.82%
- YTD
- -38.64%
- 6M
- -30.41%
- 1Y
- 95.03%
- 3Y*
- 47.14%
- 5Y*
- —
- 10Y*
- —
2AMD.L vs. 3GDE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
2AMD.L Leverage Shares 2x Advanced Micro Devices ETC GBP | 345.45% | 82.40% | -49.88% | 285.12% | -86.24% | 16.13% |
3GDE.L Leverage Shares 3x Long Gold Miners ETC EUR | -38.64% | 732.53% | -17.14% | -19.23% | -51.45% | 11.84% |
Correlation
The correlation between 2AMD.L and 3GDE.L is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2021 | 0.13 |
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Return for Risk
2AMD.L vs. 3GDE.L — Risk / Return Rank
2AMD.L
3GDE.L
2AMD.L vs. 3GDE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2x Advanced Micro Devices ETC GBP (2AMD.L) and Leverage Shares 3x Long Gold Miners ETC EUR (3GDE.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.
| 2AMD.L | 3GDE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +8.54 | ||
| Sortino ratioReturn per unit of downside risk | +3.13 | ||
| Omega ratioGain probability vs. loss probability | 1.63 | 1.21 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 21.03 | 1.32 | +19.71 |
| Martin ratioReturn relative to average drawdown | 41.31 | 2.81 | +38.50 |
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
| 2AMD.L | 3GDE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 9.26 | 0.72 | +8.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.15 | +0.33 |
Drawdowns
2AMD.L vs. 3GDE.L - Drawdown Comparison
The maximum 2AMD.L drawdown since its inception was -91.38%, roughly equal to the maximum 3GDE.L drawdown of -88.94%. Use the drawdown chart below to compare losses from any high point for 2AMD.L and 3GDE.L.
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Drawdown Indicators
| 2AMD.L | 3GDE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.38% | -88.94% | -2.44% |
Max Drawdown (1Y)Largest decline over 1 year | -55.04% | -71.37% | +16.33% |
Max Drawdown (3Y)Largest decline over 3 years | -89.49% | -71.37% | -18.12% |
Max Drawdown (5Y)Largest decline over 5 years | -91.38% | — | — |
Current DrawdownCurrent decline from peak | -4.46% | -69.91% | +65.45% |
Average DrawdownAverage peak-to-trough decline | -54.54% | -62.31% | +7.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.08% | 33.74% | -5.66% |
Volatility
2AMD.L vs. 3GDE.L - Volatility Comparison
Leverage Shares 2x Advanced Micro Devices ETC GBP (2AMD.L) and Leverage Shares 3x Long Gold Miners ETC EUR (3GDE.L) have volatilities of 46.51% and 46.39%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 2AMD.L | 3GDE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 46.51% | 46.39% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 87.42% | 107.11% | -19.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 124.99% | 130.73% | -5.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 104.20% | 109.00% | -4.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 102.07% | 109.00% | -6.93% |
2AMD.L vs. 3GDE.L - Expense Ratio Comparison
Both 2AMD.L and 3GDE.L have an expense ratio of 0.75%.
Dividends
2AMD.L vs. 3GDE.L - Dividend Comparison
Neither 2AMD.L nor 3GDE.L has paid dividends to shareholders.
Frequently Asked Questions
2AMD.L and 3GDE.L have a correlation of 0.17, 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.
2AMD.L and 3GDE.L have the same expense ratio: 0.75% per year.
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