2BAB.L vs. 2GOO.L
2BAB.L (Leverage Shares 2x Alibaba ETC GBP) and 2GOO.L (Leverage Shares 2x Alphabet ETC A GBP) are both Leveraged Equities funds from Leverage Shares - 2BAB.L tracks the iSTOXX Leveraged 2X BABA Index while 2GOO.L tracks the NYSE Leveraged 2x GOOG Index. Both are passively managed. Over the past 5 years, 2BAB.L returned -39.58%/yr vs 34.18%/yr for 2GOO.L. At a 0.22 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
2BAB.L vs. 2GOO.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, 2BAB.L achieves a -33.20% return, which is significantly lower than 2GOO.L's 28.19% return.
2BAB.L
- 1D
- -1.14%
- 1M
- -11.39%
- YTD
- -33.20%
- 6M
- -43.27%
- 1Y
- -10.52%
- 3Y*
- 2.53%
- 5Y*
- -39.58%
- 10Y*
- —
2GOO.L
- 1D
- 6.74%
- 1M
- -9.16%
- YTD
- 28.19%
- 6M
- 23.76%
- 1Y
- 309.66%
- 3Y*
- 66.60%
- 5Y*
- 34.18%
- 10Y*
- —
2BAB.L vs. 2GOO.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
2BAB.L Leverage Shares 2x Alibaba ETC GBP | -33.20% | 106.46% | 2.72% | -40.64% | -65.71% | -78.80% | -24.46% |
2GOO.L Leverage Shares 2x Alphabet ETC A GBP | 28.19% | 100.64% | 64.47% | 106.54% | -66.92% | 166.13% | 20.16% |
Correlation
The correlation between 2BAB.L and 2GOO.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 | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jul 29, 2020 | 0.22 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
2BAB.L vs. 2GOO.L — Risk / Return Rank
2BAB.L
2GOO.L
2BAB.L vs. 2GOO.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2x Alibaba ETC GBP (2BAB.L) and Leverage Shares 2x Alphabet ETC A GBP (2GOO.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.
| 2BAB.L | 2GOO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.70 | ||
| Sortino ratioReturn per unit of downside risk | -4.81 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.61 | -0.57 |
| Calmar ratioReturn relative to maximum drawdown | -0.16 | 8.61 | -8.77 |
| Martin ratioReturn relative to average drawdown | -0.29 | 28.76 | -29.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| 2BAB.L | 2GOO.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.13 | 5.57 | -5.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.41 | 0.59 | -1.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.43 | 0.85 | -1.28 |
Drawdowns
2BAB.L vs. 2GOO.L - Drawdown Comparison
The maximum 2BAB.L drawdown since its inception was -98.36%, which is greater than 2GOO.L's maximum drawdown of -69.73%. Use the drawdown chart below to compare losses from any high point for 2BAB.L and 2GOO.L.
Loading charts...
Drawdown Indicators
| 2BAB.L | 2GOO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.36% | -69.73% | -28.63% |
Max Drawdown (1Y)Largest decline over 1 year | -65.13% | -35.69% | -29.44% |
Max Drawdown (3Y)Largest decline over 3 years | -65.13% | -53.24% | -11.89% |
Max Drawdown (5Y)Largest decline over 5 years | -96.07% | -69.73% | -26.34% |
Current DrawdownCurrent decline from peak | -96.97% | -15.61% | -81.36% |
Average DrawdownAverage peak-to-trough decline | -85.98% | -24.97% | -61.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.42% | 10.71% | +25.71% |
Volatility
2BAB.L vs. 2GOO.L - Volatility Comparison
Leverage Shares 2x Alibaba ETC GBP (2BAB.L) has a higher volatility of 32.07% compared to Leverage Shares 2x Alphabet ETC A GBP (2GOO.L) at 15.17%. This indicates that 2BAB.L's price experiences larger fluctuations and is considered to be riskier than 2GOO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| 2BAB.L | 2GOO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.07% | 15.17% | +16.90% |
Volatility (6M)Calculated over the trailing 6-month period | 59.22% | 35.51% | +23.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 83.63% | 55.17% | +28.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 98.98% | 59.11% | +39.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.47% | 61.82% | +34.65% |
2BAB.L vs. 2GOO.L - Expense Ratio Comparison
Both 2BAB.L and 2GOO.L have an expense ratio of 0.75%.
Dividends
2BAB.L vs. 2GOO.L - Dividend Comparison
Neither 2BAB.L nor 2GOO.L has paid dividends to shareholders.
Frequently Asked Questions
2BAB.L and 2GOO.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.
2BAB.L and 2GOO.L have the same expense ratio: 0.75% per year.
2BAB.L tracks iSTOXX Leveraged 2X BABA Index, while 2GOO.L tracks NYSE Leveraged 2x GOOG Index.
Find the right allocation for 2BAB.L and 2GOO.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer