2GOO.L vs. 2MU.L
2GOO.L (Leverage Shares 2x Alphabet ETC A GBP) and 2MU.L (Leverage Shares 2x Micron Technology ETC GBP) are both Leveraged Equities funds from Leverage Shares - 2GOO.L tracks the NYSE Leveraged 2x GOOG Index while 2MU.L tracks the iSTOXX Leveraged 2X MU Index. Both are passively managed. Over the past 5 years, 2GOO.L returned 34.18%/yr vs 95.03%/yr for 2MU.L. At a 0.34 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
2GOO.L vs. 2MU.L - Performance Comparison
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Returns By Period
In the year-to-date period, 2GOO.L achieves a 28.19% return, which is significantly lower than 2MU.L's 783.72% return.
2GOO.L
- 1D
- 6.74%
- 1M
- -9.16%
- YTD
- 28.19%
- 6M
- 23.76%
- 1Y
- 309.66%
- 3Y*
- 66.60%
- 5Y*
- 34.18%
- 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*
- —
2GOO.L vs. 2MU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
2GOO.L Leverage Shares 2x Alphabet ETC A GBP | 28.19% | 100.64% | 64.47% | 106.54% | -66.92% | 166.13% | 31.17% |
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 2GOO.L and 2MU.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
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 | 0.34 |
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Return for Risk
2GOO.L vs. 2MU.L — Risk / Return Rank
2GOO.L
2MU.L
2GOO.L vs. 2MU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2x Alphabet ETC A GBP (2GOO.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.
| 2GOO.L | 2MU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -36.92 | ||
| Sortino ratioReturn per unit of downside risk | -2.00 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.90 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 8.61 | 102.11 | -93.50 |
| Martin ratioReturn relative to average drawdown | 28.76 | 363.67 | -334.91 |
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
| 2GOO.L | 2MU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.57 | 42.49 | -36.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.91 | -0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.95 | -0.11 |
Drawdowns
2GOO.L vs. 2MU.L - Drawdown Comparison
The maximum 2GOO.L drawdown since its inception was -69.73%, smaller than the maximum 2MU.L drawdown of -89.16%. Use the drawdown chart below to compare losses from any high point for 2GOO.L and 2MU.L.
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Drawdown Indicators
| 2GOO.L | 2MU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.73% | -89.16% | +19.43% |
Max Drawdown (1Y)Largest decline over 1 year | -35.69% | -53.20% | +17.51% |
Max Drawdown (3Y)Largest decline over 3 years | -53.24% | -89.16% | +35.92% |
Max Drawdown (5Y)Largest decline over 5 years | -69.73% | -89.16% | +19.43% |
Current DrawdownCurrent decline from peak | -15.61% | -10.80% | -4.81% |
Average DrawdownAverage peak-to-trough decline | -24.97% | -44.84% | +19.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.71% | 14.97% | -4.26% |
Volatility
2GOO.L vs. 2MU.L - Volatility Comparison
The current volatility for Leverage Shares 2x Alphabet ETC A GBP (2GOO.L) is 15.17%, while Leverage Shares 2x Micron Technology ETC GBP (2MU.L) has a volatility of 46.25%. This indicates that 2GOO.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
| 2GOO.L | 2MU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.17% | 46.25% | -31.08% |
Volatility (6M)Calculated over the trailing 6-month period | 35.51% | 97.07% | -61.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.17% | 127.89% | -72.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.11% | 104.82% | -45.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.82% | 100.87% | -39.05% |
2GOO.L vs. 2MU.L - Expense Ratio Comparison
Both 2GOO.L and 2MU.L have an expense ratio of 0.75%.
Dividends
2GOO.L vs. 2MU.L - Dividend Comparison
Neither 2GOO.L nor 2MU.L has paid dividends to shareholders.
Frequently Asked Questions
2GOO.L and 2MU.L have a correlation of 0.28, 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.
2GOO.L and 2MU.L have the same expense ratio: 0.75% per year.
2GOO.L tracks NYSE Leveraged 2x GOOG Index, while 2MU.L tracks iSTOXX Leveraged 2X MU Index.
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