2FB.L vs. 2MU.L
2FB.L (Leverage Shares 2x Facebook ETC A GBP) and 2MU.L (Leverage Shares 2x Micron Technology ETC GBP) are both Leveraged Equities funds from Leverage Shares - 2FB.L tracks the NYSE Leveraged 2x FB Index while 2MU.L tracks the iSTOXX Leveraged 2X MU Index. Both are passively managed. Over the past 5 years, 2FB.L returned 0.08%/yr vs 95.03%/yr for 2MU.L. At a 0.35 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
2FB.L vs. 2MU.L - Performance Comparison
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Returns By Period
In the year-to-date period, 2FB.L achieves a -16.41% return, which is significantly lower than 2MU.L's 783.72% return.
2FB.L
- 1D
- 7.11%
- 1M
- 11.12%
- YTD
- -16.41%
- 6M
- -17.80%
- 1Y
- -28.39%
- 3Y*
- 38.40%
- 5Y*
- 0.08%
- 10Y*
- —
2MU.L
- 1D
- -10.80%
- 1M
- 128.37%
- YTD
- 783.72%
- 6M
- 1,297.06%
- 1Y
- 5,521.30%
- 3Y*
- 288.49%
- 5Y*
- 95.03%
- 10Y*
- —
2FB.L vs. 2MU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
2FB.L Leverage Shares 2x Facebook ETC A GBP | -16.41% | -8.57% | 128.56% | 597.14% | -92.16% | 43.03% | 20.40% |
2MU.L Leverage Shares 2x Micron Technology ETC GBP | 783.72% | 550.25% | -30.59% | 142.95% | -76.42% | 45.29% | 65.67% |
Correlation
The correlation between 2FB.L and 2MU.L is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2020 | 0.35 |
The correlation between 2FB.L and 2MU.L shifts across timeframes, from 0.21 (1 year) to 0.36 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
2FB.L vs. 2MU.L — Risk / Return Rank
2FB.L
2MU.L
2FB.L vs. 2MU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2x Facebook ETC A GBP (2FB.L) and Leverage Shares 2x Micron Technology ETC GBP (2MU.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.
| 2FB.L | 2MU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -42.91 | ||
| Sortino ratioReturn per unit of downside risk | -7.49 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.90 | -0.93 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | 102.11 | -102.58 |
| Martin ratioReturn relative to average drawdown | -0.87 | 363.67 | -364.53 |
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
| 2FB.L | 2MU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.43 | 42.49 | -42.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.00 | 0.91 | -0.91 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.95 | -0.87 |
Drawdowns
2FB.L vs. 2MU.L - Drawdown Comparison
The maximum 2FB.L drawdown since its inception was -96.13%, which is greater than 2MU.L's maximum drawdown of -89.16%. Use the drawdown chart below to compare losses from any high point for 2FB.L and 2MU.L.
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Drawdown Indicators
| 2FB.L | 2MU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.13% | -89.16% | -6.97% |
Max Drawdown (1Y)Largest decline over 1 year | -60.32% | -53.20% | -7.12% |
Max Drawdown (3Y)Largest decline over 3 years | -63.66% | -89.16% | +25.50% |
Max Drawdown (5Y)Largest decline over 5 years | -96.13% | -89.16% | -6.97% |
Current DrawdownCurrent decline from peak | -49.57% | -10.80% | -38.77% |
Average DrawdownAverage peak-to-trough decline | -39.73% | -44.84% | +5.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.69% | 14.97% | +17.72% |
Volatility
2FB.L vs. 2MU.L - Volatility Comparison
The current volatility for Leverage Shares 2x Facebook ETC A GBP (2FB.L) is 15.00%, while Leverage Shares 2x Micron Technology ETC GBP (2MU.L) has a volatility of 46.25%. This indicates that 2FB.L experiences smaller price fluctuations and is considered to be less risky than 2MU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 2FB.L | 2MU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.00% | 46.25% | -31.25% |
Volatility (6M)Calculated over the trailing 6-month period | 51.06% | 97.07% | -46.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.69% | 127.89% | -61.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.82% | 104.82% | -21.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 78.67% | 100.87% | -22.20% |
2FB.L vs. 2MU.L - Expense Ratio Comparison
Both 2FB.L and 2MU.L have an expense ratio of 0.75%.
Dividends
2FB.L vs. 2MU.L - Dividend Comparison
Neither 2FB.L nor 2MU.L has paid dividends to shareholders.
Frequently Asked Questions
2FB.L and 2MU.L have a correlation of 0.21, 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.
2FB.L and 2MU.L have the same expense ratio: 0.75% per year.
2FB.L tracks NYSE Leveraged 2x FB Index, while 2MU.L tracks iSTOXX Leveraged 2X MU Index.
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