2BRE.L vs. 3VT.L
2BRE.L (Leverage Shares 2x Long Berkshire Hathaway (BRK-B) ETC EUR) and 3VT.L (Leverage Shares 3x Long Total World ETP Securities GBP) are both Leveraged Equities funds from Leverage Shares. Both are actively managed. Over the past 3 years, 2BRE.L returned 10.84%/yr vs 37.68%/yr for 3VT.L. At a 0.33 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
2BRE.L vs. 3VT.L - Performance Comparison
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Different Trading Currencies
2BRE.L is traded in EUR, while 3VT.L is traded in GBp. To make them comparable, the 3VT.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 -14.42% return, which is significantly lower than 3VT.L's 29.01% return.
2BRE.L
- 1D
- 1.11%
- 1M
- -0.75%
- YTD
- -14.42%
- 6M
- -16.58%
- 1Y
- -20.29%
- 3Y*
- 10.84%
- 5Y*
- —
- 10Y*
- —
3VT.L
- 1D
- -1.57%
- 1M
- 12.80%
- YTD
- 29.01%
- 6M
- 32.13%
- 1Y
- 71.15%
- 3Y*
- 37.68%
- 5Y*
- —
- 10Y*
- —
2BRE.L vs. 3VT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
2BRE.L Leverage Shares 2x Long Berkshire Hathaway (BRK-B) ETC EUR | -14.42% | -4.91% | 55.13% | 18.25% | 4.42% | -0.89% |
3VT.L Leverage Shares 3x Long Total World ETP Securities GBP | 29.01% | 21.88% | 38.77% | 46.22% | -51.49% | 0.00% |
Correlation
The correlation between 2BRE.L and 3VT.L is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2021 | 0.33 |
Over the past year, the correlation between 2BRE.L and 3VT.L has dropped to 0.02 - well below their long-term average of 0.33, suggesting their price drivers have been diverging.
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Return for Risk
2BRE.L vs. 3VT.L — Risk / Return Rank
2BRE.L
3VT.L
2BRE.L vs. 3VT.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 Total World ETP Securities GBP (3VT.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 | 3VT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.62 | ||
| Sortino ratioReturn per unit of downside risk | -3.45 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.32 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | 2.69 | -3.58 |
| Martin ratioReturn relative to average drawdown | -1.75 | 10.19 | -11.93 |
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
| 2BRE.L | 3VT.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.72 | 1.90 | -2.62 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.23 | +0.07 |
Drawdowns
2BRE.L vs. 3VT.L - Drawdown Comparison
The maximum 2BRE.L drawdown since its inception was -40.62%, smaller than the maximum 3VT.L drawdown of -60.63%. Use the drawdown chart below to compare losses from any high point for 2BRE.L and 3VT.L.
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Drawdown Indicators
| 2BRE.L | 3VT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.62% | -60.63% | +20.01% |
Max Drawdown (1Y)Largest decline over 1 year | -22.65% | -26.36% | +3.71% |
Max Drawdown (3Y)Largest decline over 3 years | -39.67% | -48.18% | +8.51% |
Current DrawdownCurrent decline from peak | -37.65% | -1.57% | -36.08% |
Average DrawdownAverage peak-to-trough decline | -19.08% | -26.46% | +7.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.56% | 6.96% | +4.60% |
Volatility
2BRE.L vs. 3VT.L - Volatility Comparison
The current volatility for Leverage Shares 2x Long Berkshire Hathaway (BRK-B) ETC EUR (2BRE.L) is 8.36%, while Leverage Shares 3x Long Total World ETP Securities GBP (3VT.L) has a volatility of 10.39%. This indicates that 2BRE.L experiences smaller price fluctuations and is considered to be less risky than 3VT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 2BRE.L | 3VT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.36% | 10.39% | -2.03% |
Volatility (6M)Calculated over the trailing 6-month period | 20.39% | 29.23% | -8.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.18% | 37.25% | -9.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.25% | 48.59% | -11.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.25% | 48.59% | -11.34% |
2BRE.L vs. 3VT.L - Expense Ratio Comparison
Both 2BRE.L and 3VT.L have an expense ratio of 0.75%.
Dividends
2BRE.L vs. 3VT.L - Dividend Comparison
Neither 2BRE.L nor 3VT.L has paid dividends to shareholders.
Frequently Asked Questions
2BRE.L and 3VT.L have a correlation of 0.02, 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.
2BRE.L and 3VT.L have the same expense ratio: 0.75% per year.
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