2BRE.L vs. 3CON.L

Last updated Apr 1, 2026

Compare and contrast key facts about Leverage Shares 2x Long Berkshire Hathaway (BRK-B) ETC EUR (2BRE.L) and Leverage Shares 3x Long Coinbase (COIN) ETP Securities GBP (3CON.L).

2BRE.L and 3CON.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 2BRE.L is an actively managed fund by Leverage Shares. It was launched on Dec 10, 2021. 3CON.L is a passively managed fund by Leverage Shares that tracks the performance of the iSTOXX Leveraged 3x COIN Index. It was launched on Dec 10, 2021.

Performance

2BRE.L vs. 3CON.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Leverage Shares 2x Long Berkshire Hathaway (BRK-B) ETC EUR (2BRE.L) and Leverage Shares 3x Long Coinbase (COIN) ETP Securities GBP (3CON.L). The values are adjusted to include any dividend payments, if applicable.

2BRE.L vs. 3CON.L - Yearly Performance Comparison

	2026 (YTD)	2025
2BRE.L Leverage Shares 2x Long Berkshire Hathaway (BRK-B) ETC EUR	-11.71%	-3.79%
3CON.L Leverage Shares 3x Long Coinbase (COIN) ETP Securities GBP	-78.47%	-21.72%

Different Trading Currencies

2BRE.L is traded in EUR, while 3CON.L is traded in GBp. To make them comparable, the 3CON.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, 2BRE.L achieves a -11.71% return, which is significantly higher than 3CON.L's -78.47% return.

2BRE.L

• 1D: -1.06%
• 1M: -9.86%
• YTD: -11.71%
• 6M: -13.24%
• 1Y: -33.75%
• 3Y*: 17.51%
• 5Y*: —
• 10Y*: —

3CON.L

• 1D: 5.25%
• 1M: -29.12%
• YTD: -78.47%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

2BRE.L vs. 3CON.L - Expense Ratio Comparison

Both 2BRE.L and 3CON.L have an expense ratio of 0.75%.

2BRE.L

Leverage Shares 2x Long Berkshire Hathaway (BRK-B) ETC EUR

3CON.L

Leverage Shares 3x Long Coinbase (COIN) ETP Securities GBP

Return for Risk

2BRE.L vs. 3CON.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

2BRE.L

2BRE.L Risk / Return Rank: 1
2BRE.L Sharpe Ratio Rank: 1
2BRE.L Sortino Ratio Rank: 1
2BRE.L Omega Ratio Rank: 1
2BRE.L Calmar Ratio Rank: 0
2BRE.L Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

2BRE.L vs. 3CON.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2x Long Berkshire Hathaway (BRK-B) ETC EUR (2BRE.L) and Leverage Shares 3x Long Coinbase (COIN) ETP Securities GBP (3CON.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.

	2BRE.L	3CON.L	Difference
Sharpe ratio Return per unit of total volatility	-0.93	—	—
Sortino ratio Return per unit of downside risk	-1.28	—	—
Omega ratio Gain probability vs. loss probability	0.84	—	—
Calmar ratio Return relative to maximum drawdown	-0.97	—	—
Martin ratio Return relative to average drawdown	-1.33	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	2BRE.L	3CON.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.93	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	-0.47	+0.80

Correlation

The correlation between 2BRE.L and 3CON.L is -0.04. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

2BRE.L vs. 3CON.L - Dividend Comparison

Neither 2BRE.L nor 3CON.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

2BRE.L vs. 3CON.L - Drawdown Comparison

The maximum 2BRE.L drawdown since its inception was -40.62%, smaller than the maximum 3CON.L drawdown of -91.18%. Use the drawdown chart below to compare losses from any high point for 2BRE.L and 3CON.L.

Drawdown Indicators

	2BRE.L	3CON.L	Difference
Max Drawdown Largest peak-to-trough decline	-40.62%	-91.21%	+50.59%
Max Drawdown (1Y) Largest decline over 1 year	-35.86%	—	—
Current Drawdown Current decline from peak	-35.68%	-88.69%	+53.01%
Average Drawdown Average peak-to-trough decline	-18.34%	-57.77%	+39.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.12%	—	—

Volatility

Volatility by Period

	2BRE.L	3CON.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.82%	—	—
Volatility (6M) Calculated over the trailing 6-month period	21.38%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	36.26%	213.54%	-177.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.71%	213.54%	-175.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.71%	213.54%	-175.83%