2BRE.L vs. 5QQE.L
2BRE.L (Leverage Shares 2x Long Berkshire Hathaway (BRK-B) ETC EUR) and 5QQE.L (Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR) are both exchange-traded funds - 2BRE.L is a Leveraged Equities fund actively managed by Leverage Shares, while 5QQE.L is a Nasdaq-100 fund actively managed by Leverage Shares. Both are actively managed. Over the past 3 years, 2BRE.L returned 10.84%/yr vs 74.73%/yr for 5QQE.L. At a 0.19 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
2BRE.L vs. 5QQE.L - Performance Comparison
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Returns By Period
In the year-to-date period, 2BRE.L achieves a -14.42% return, which is significantly lower than 5QQE.L's 101.94% return.
2BRE.L
- 1D
- 1.11%
- 1M
- -0.75%
- YTD
- -14.42%
- 6M
- -16.58%
- 1Y
- -20.29%
- 3Y*
- 10.84%
- 5Y*
- —
- 10Y*
- —
5QQE.L
- 1D
- 0.11%
- 1M
- 59.12%
- YTD
- 101.94%
- 6M
- 89.42%
- 1Y
- 222.36%
- 3Y*
- 74.73%
- 5Y*
- —
- 10Y*
- —
2BRE.L vs. 5QQE.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% |
5QQE.L Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR | 101.94% | -9.64% | 85.35% | 410.76% | -95.87% | 10.41% |
Correlation
The correlation between 2BRE.L and 5QQE.L is -0.08, 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 | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2021 | 0.19 |
The correlation between 2BRE.L and 5QQE.L shifts across timeframes, from -0.08 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
2BRE.L vs. 5QQE.L — Risk / Return Rank
2BRE.L
5QQE.L
2BRE.L vs. 5QQE.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 5x Long Nasdaq 100 ETP Securities EUR (5QQE.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 | 5QQE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.58 | ||
| Sortino ratioReturn per unit of downside risk | -3.89 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.37 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | 3.94 | -4.83 |
| Martin ratioReturn relative to average drawdown | -1.75 | 10.68 | -12.43 |
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 | 5QQE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.72 | 2.86 | -3.58 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | -0.04 | +0.34 |
Drawdowns
2BRE.L vs. 5QQE.L - Drawdown Comparison
The maximum 2BRE.L drawdown since its inception was -40.62%, smaller than the maximum 5QQE.L drawdown of -96.05%. Use the drawdown chart below to compare losses from any high point for 2BRE.L and 5QQE.L.
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Drawdown Indicators
| 2BRE.L | 5QQE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.62% | -96.05% | +55.43% |
Max Drawdown (1Y)Largest decline over 1 year | -22.65% | -56.03% | +33.38% |
Max Drawdown (3Y)Largest decline over 3 years | -39.67% | -80.97% | +41.30% |
Current DrawdownCurrent decline from peak | -37.65% | -28.58% | -9.07% |
Average DrawdownAverage peak-to-trough decline | -19.08% | -75.03% | +55.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.56% | 20.72% | -9.16% |
Volatility
2BRE.L vs. 5QQE.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 5x Long Nasdaq 100 ETP Securities EUR (5QQE.L) has a volatility of 24.04%. This indicates that 2BRE.L experiences smaller price fluctuations and is considered to be less risky than 5QQE.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 | 5QQE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.36% | 24.04% | -15.68% |
Volatility (6M)Calculated over the trailing 6-month period | 20.39% | 56.77% | -36.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.18% | 77.45% | -49.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.25% | 108.80% | -71.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.25% | 108.80% | -71.55% |
2BRE.L vs. 5QQE.L - Expense Ratio Comparison
Both 2BRE.L and 5QQE.L have an expense ratio of 0.75%.
Dividends
2BRE.L vs. 5QQE.L - Dividend Comparison
Neither 2BRE.L nor 5QQE.L has paid dividends to shareholders.
Frequently Asked Questions
2BRE.L and 5QQE.L have a correlation of -0.08, 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 5QQE.L have the same expense ratio: 0.75% per year.
2BRE.L is categorized as Leveraged Equities, while 5QQE.L is Nasdaq-100.
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