2BRE.L vs. TWCGX

Last updated Jun 4, 2026

2BRE.L (Leverage Shares 2x Long Berkshire Hathaway (BRK-B) ETC EUR) and TWCGX (American Century Growth Fund) are both funds - 2BRE.L is a Leveraged Equities fund actively managed by Leverage Shares, while TWCGX is a Large Cap Growth Equities fund managed by American Century. Over the past 3 years, 2BRE.L returned 10.84%/yr vs 18.67%/yr for TWCGX. At a 0.09 correlation, their price movements are largely independent. 2BRE.L charges 0.75%/yr vs 0.94%/yr for TWCGX.

Performance

2BRE.L vs. TWCGX - 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 American Century Growth Fund (TWCGX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

2BRE.L is traded in EUR, while TWCGX is traded in USD. To make them comparable, the TWCGX 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 TWCGX's 9.63% return.

2BRE.L

• 1D: 1.11%
• 1M: -0.75%
• YTD: -14.42%
• 6M: -16.58%
• 1Y: -20.29%
• 3Y*: 10.84%
• 5Y*: —
• 10Y*: —

TWCGX

• 1D: -0.40%
• 1M: 8.31%
• YTD: 9.63%
• 6M: 7.94%
• 1Y: 23.89%
• 3Y*: 18.67%
• 5Y*: 14.37%
• 10Y*: 16.76%

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

2BRE.L vs. TWCGX - 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%
TWCGX American Century Growth Fund	9.63%	1.60%	34.53%	39.01%	-27.14%	2.44%

Correlation

The correlation between 2BRE.L and TWCGX is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.00
Correlation (All Time) Calculated using the full available price history since Dec 17, 2021	0.09

The correlation between 2BRE.L and TWCGX shifts across timeframes, from -0.10 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.

Return for Risk

2BRE.L vs. TWCGX — 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: 2
2BRE.L Sharpe Ratio Rank: 3
2BRE.L Sortino Ratio Rank: 3
2BRE.L Omega Ratio Rank: 3
2BRE.L Calmar Ratio Rank: 1
2BRE.L Martin Ratio Rank: 0

TWCGX

TWCGX Risk / Return Rank: 29
TWCGX Sharpe Ratio Rank: 37
TWCGX Sortino Ratio Rank: 33
TWCGX Omega Ratio Rank: 34
TWCGX Calmar Ratio Rank: 20
TWCGX Martin Ratio Rank: 21

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. TWCGX - 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 American Century Growth Fund (TWCGX). 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	TWCGX	Difference
Sharpe ratio: Return per unit of total volatility	-0.72	1.59	-2.30
Sortino ratio: Return per unit of downside risk	-0.93	2.11	-3.04
Omega ratio: Gain probability vs. loss probability	0.90	1.28	-0.38
Calmar ratio: Return relative to maximum drawdown	-0.89	1.63	-2.52
Martin ratio: Return relative to average drawdown	-1.75	4.69	-6.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

2BRE.L vs. TWCGX - Sharpe Ratio Comparison

The current 2BRE.L Sharpe Ratio is -0.72, which is lower than the TWCGX Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of 2BRE.L and TWCGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	2BRE.L	TWCGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.72	1.59	-2.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.68	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.77	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.63	-0.33

Drawdowns

2BRE.L vs. TWCGX - Drawdown Comparison

The maximum 2BRE.L drawdown since its inception was -40.62%, smaller than the maximum TWCGX drawdown of -43.33%. Use the drawdown chart below to compare losses from any high point for 2BRE.L and TWCGX.

Drawdown Indicators

	2BRE.L	TWCGX	Difference
Max Drawdown Largest peak-to-trough decline	-40.62%	-43.33%	+2.71%
Max Drawdown (1Y) Largest decline over 1 year	-22.65%	-15.70%	-6.95%
Max Drawdown (3Y) Largest decline over 3 years	-39.67%	-29.10%	-10.57%
Max Drawdown (5Y) Largest decline over 5 years	—	-29.38%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-31.07%	—
Current Drawdown Current decline from peak	-37.65%	-0.40%	-37.25%
Average Drawdown Average peak-to-trough decline	-19.08%	-7.94%	-11.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.56%	5.43%	+6.13%

Volatility

2BRE.L vs. TWCGX - Volatility Comparison

Leverage Shares 2x Long Berkshire Hathaway (BRK-B) ETC EUR (2BRE.L) has a higher volatility of 8.36% compared to American Century Growth Fund (TWCGX) at 3.10%. This indicates that 2BRE.L's price experiences larger fluctuations and is considered to be riskier than TWCGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	2BRE.L	TWCGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.36%	3.10%	+5.26%
Volatility (6M) Calculated over the trailing 6-month period	20.39%	11.45%	+8.94%
Volatility (1Y) Calculated over the trailing 1-year period	28.18%	16.09%	+12.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.25%	21.37%	+15.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.25%	21.71%	+15.54%

2BRE.L vs. TWCGX - Expense Ratio Comparison

2BRE.L has a 0.75% expense ratio, which is lower than TWCGX's 0.94% expense ratio.

Dividends

2BRE.L vs. TWCGX - Dividend Comparison

2BRE.L has not paid dividends to shareholders, while TWCGX's dividend yield for the trailing twelve months is around 15.79%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
2BRE.L Leverage Shares 2x Long Berkshire Hathaway (BRK-B) ETC EUR	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TWCGX American Century Growth Fund	15.79%	17.14%	5.96%	4.81%	4.86%	9.83%	5.33%	5.60%	14.07%	10.28%	4.64%	6.80%

Frequently Asked Questions

Can I hold both 2BRE.L and TWCGX in my portfolio?

2BRE.L and TWCGX have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.