2AMZ.L vs. 2MU.L
2AMZ.L (Leverage Shares 2x Amazon ETC A GBP) and 2MU.L (Leverage Shares 2x Micron Technology ETC GBP) are both Leveraged Equities funds from Leverage Shares - 2AMZ.L tracks the NYSE Leveraged 2x AMZN Index while 2MU.L tracks the iSTOXX Leveraged 2X MU Index. Both are passively managed. Over the past 5 years, 2AMZ.L returned 0.03%/yr vs 95.03%/yr for 2MU.L. At a 0.35 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
2AMZ.L vs. 2MU.L - Performance Comparison
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Returns By Period
In the year-to-date period, 2AMZ.L achieves a 11.26% return, which is significantly lower than 2MU.L's 783.72% return.
2AMZ.L
- 1D
- 3.02%
- 1M
- -15.30%
- YTD
- 11.26%
- 6M
- 13.88%
- 1Y
- 27.97%
- 3Y*
- 29.88%
- 5Y*
- 0.03%
- 10Y*
- —
2MU.L
- 1D
- -10.80%
- 1M
- 128.37%
- YTD
- 783.72%
- 6M
- 1,297.06%
- 1Y
- 5,521.30%
- 3Y*
- 288.49%
- 5Y*
- 95.03%
- 10Y*
- —
2AMZ.L vs. 2MU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
2AMZ.L Leverage Shares 2x Amazon ETC A GBP | 11.26% | -18.82% | 83.06% | 165.76% | -80.00% | 1.46% | 48.96% |
2MU.L Leverage Shares 2x Micron Technology ETC GBP | 783.72% | 550.25% | -30.59% | 142.95% | -76.42% | 45.29% | 65.67% |
Correlation
The correlation between 2AMZ.L and 2MU.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2020 | 0.35 |
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Return for Risk
2AMZ.L vs. 2MU.L — Risk / Return Rank
2AMZ.L
2MU.L
2AMZ.L vs. 2MU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2x Amazon ETC A GBP (2AMZ.L) and Leverage Shares 2x Micron Technology ETC GBP (2MU.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.
| 2AMZ.L | 2MU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -42.03 | ||
| Sortino ratioReturn per unit of downside risk | -6.24 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.90 | -0.77 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | 102.11 | -101.49 |
| Martin ratioReturn relative to average drawdown | 1.39 | 363.67 | -362.28 |
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
| 2AMZ.L | 2MU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.46 | 42.49 | -42.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.00 | 0.91 | -0.91 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.95 | -0.84 |
Drawdowns
2AMZ.L vs. 2MU.L - Drawdown Comparison
The maximum 2AMZ.L drawdown since its inception was -84.11%, smaller than the maximum 2MU.L drawdown of -89.16%. Use the drawdown chart below to compare losses from any high point for 2AMZ.L and 2MU.L.
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Drawdown Indicators
| 2AMZ.L | 2MU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.11% | -89.16% | +5.05% |
Max Drawdown (1Y)Largest decline over 1 year | -44.87% | -53.20% | +8.33% |
Max Drawdown (3Y)Largest decline over 3 years | -55.29% | -89.16% | +33.87% |
Max Drawdown (5Y)Largest decline over 5 years | -84.11% | -89.16% | +5.05% |
Current DrawdownCurrent decline from peak | -28.39% | -10.80% | -17.59% |
Average DrawdownAverage peak-to-trough decline | -38.82% | -44.84% | +6.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.13% | 14.97% | +5.16% |
Volatility
2AMZ.L vs. 2MU.L - Volatility Comparison
The current volatility for Leverage Shares 2x Amazon ETC A GBP (2AMZ.L) is 18.03%, while Leverage Shares 2x Micron Technology ETC GBP (2MU.L) has a volatility of 46.25%. This indicates that 2AMZ.L experiences smaller price fluctuations and is considered to be less risky than 2MU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 2AMZ.L | 2MU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.03% | 46.25% | -28.22% |
Volatility (6M)Calculated over the trailing 6-month period | 46.46% | 97.07% | -50.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.35% | 127.89% | -67.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.33% | 104.82% | -36.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.70% | 100.87% | -28.17% |
2AMZ.L vs. 2MU.L - Expense Ratio Comparison
Both 2AMZ.L and 2MU.L have an expense ratio of 0.75%.
Dividends
2AMZ.L vs. 2MU.L - Dividend Comparison
Neither 2AMZ.L nor 2MU.L has paid dividends to shareholders.
Frequently Asked Questions
2AMZ.L and 2MU.L have a correlation of 0.28, 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.
2AMZ.L and 2MU.L have the same expense ratio: 0.75% per year.
2AMZ.L tracks NYSE Leveraged 2x AMZN Index, while 2MU.L tracks iSTOXX Leveraged 2X MU Index.
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