2BAB.L vs. 3AMD.L
2BAB.L (Leverage Shares 2x Alibaba ETC GBP) and 3AMD.L (Leverage Shares 3x AMD ETC GBP) are both Leveraged Equities funds from Leverage Shares - 2BAB.L tracks the iSTOXX Leveraged 2X BABA Index while 3AMD.L tracks the iSTOXX Leveraged 3x AMD Index. Both are passively managed. Over the past 3 years, 2BAB.L returned 2.53%/yr vs 50.58%/yr for 3AMD.L. At a 0.27 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
2BAB.L vs. 3AMD.L - Performance Comparison
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Returns By Period
In the year-to-date period, 2BAB.L achieves a -33.20% return, which is significantly lower than 3AMD.L's 618.51% 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*
- —
3AMD.L
- 1D
- -5.22%
- 1M
- 179.82%
- YTD
- 618.51%
- 6M
- 551.86%
- 1Y
- 2,205.70%
- 3Y*
- 50.58%
- 5Y*
- —
- 10Y*
- —
2BAB.L vs. 3AMD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
2BAB.L Leverage Shares 2x Alibaba ETC GBP | -33.20% | 106.46% | 2.72% | -40.64% | -65.71% | -72.16% |
3AMD.L Leverage Shares 3x AMD ETC GBP | 618.51% | 53.77% | -76.38% | 448.82% | -97.41% | 265.31% |
Correlation
The correlation between 2BAB.L and 3AMD.L is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2021 | 0.27 |
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Return for Risk
2BAB.L vs. 3AMD.L — Risk / Return Rank
2BAB.L
3AMD.L
2BAB.L vs. 3AMD.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 3x AMD ETC GBP (3AMD.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 | 3AMD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -11.66 | ||
| Sortino ratioReturn per unit of downside risk | -4.28 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.60 | -0.55 |
| Calmar ratioReturn relative to maximum drawdown | -0.16 | 28.52 | -28.68 |
| Martin ratioReturn relative to average drawdown | -0.29 | 52.70 | -52.99 |
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
| 2BAB.L | 3AMD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.13 | 11.54 | -11.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.41 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.43 | 0.04 | -0.48 |
Drawdowns
2BAB.L vs. 3AMD.L - Drawdown Comparison
The maximum 2BAB.L drawdown since its inception was -98.36%, roughly equal to the maximum 3AMD.L drawdown of -99.50%. Use the drawdown chart below to compare losses from any high point for 2BAB.L and 3AMD.L.
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Drawdown Indicators
| 2BAB.L | 3AMD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.36% | -99.50% | +1.14% |
Max Drawdown (1Y)Largest decline over 1 year | -65.13% | -76.34% | +11.21% |
Max Drawdown (3Y)Largest decline over 3 years | -65.13% | -97.93% | +32.80% |
Max Drawdown (5Y)Largest decline over 5 years | -96.07% | — | — |
Current DrawdownCurrent decline from peak | -96.97% | -72.82% | -24.15% |
Average DrawdownAverage peak-to-trough decline | -85.98% | -84.93% | -1.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.42% | 41.40% | -4.98% |
Volatility
2BAB.L vs. 3AMD.L - Volatility Comparison
The current volatility for Leverage Shares 2x Alibaba ETC GBP (2BAB.L) is 32.07%, while Leverage Shares 3x AMD ETC GBP (3AMD.L) has a volatility of 69.06%. This indicates that 2BAB.L experiences smaller price fluctuations and is considered to be less risky than 3AMD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 2BAB.L | 3AMD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.07% | 69.06% | -36.99% |
Volatility (6M)Calculated over the trailing 6-month period | 59.22% | 134.49% | -75.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 83.63% | 188.70% | -105.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 98.98% | 158.29% | -59.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.47% | 158.29% | -61.82% |
2BAB.L vs. 3AMD.L - Expense Ratio Comparison
Both 2BAB.L and 3AMD.L have an expense ratio of 0.75%.
Dividends
2BAB.L vs. 3AMD.L - Dividend Comparison
Neither 2BAB.L nor 3AMD.L has paid dividends to shareholders.
Frequently Asked Questions
2BAB.L and 3AMD.L have a correlation of 0.34, 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 3AMD.L have the same expense ratio: 0.75% per year.
2BAB.L tracks iSTOXX Leveraged 2X BABA Index, while 3AMD.L tracks iSTOXX Leveraged 3x AMD Index.
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