2GOO.L vs. 3BP.L
2GOO.L (Leverage Shares 2x Alphabet ETC A GBP) and 3BP.L (Leverage Shares 3x BP ETP GBX) are both Leveraged Equities funds from Leverage Shares - 2GOO.L tracks the NYSE Leveraged 2x GOOG Index while 3BP.L tracks the iSTOXX Leveraged 3x BP Index. Both are passively managed. Over the past 5 years, 2GOO.L returned 34.18%/yr vs 4.91%/yr for 3BP.L. At a 0.03 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
2GOO.L vs. 3BP.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 3BP.L's 75.30% 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*
- —
3BP.L
- 1D
- -1.59%
- 1M
- -16.33%
- YTD
- 75.30%
- 6M
- 37.46%
- 1Y
- 168.94%
- 3Y*
- -2.25%
- 5Y*
- 4.91%
- 10Y*
- —
2GOO.L vs. 3BP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
2GOO.L Leverage Shares 2x Alphabet ETC A GBP | 28.19% | 100.64% | 64.47% | 106.54% | -66.92% | 97.99% |
3BP.L Leverage Shares 3x BP ETP GBX | 75.30% | 16.83% | -49.99% | -15.24% | 58.02% | -4.62% |
Correlation
The correlation between 2GOO.L and 3BP.L is -0.07, 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 | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2021 | 0.03 |
The correlation between 2GOO.L and 3BP.L shifts across timeframes, from -0.07 (1 year) to 0.03 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
2GOO.L vs. 3BP.L — Risk / Return Rank
2GOO.L
3BP.L
2GOO.L vs. 3BP.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 3x BP ETP GBX (3BP.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 | 3BP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.59 | ||
| Sortino ratioReturn per unit of downside risk | +2.97 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.31 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 8.61 | 4.23 | +4.38 |
| Martin ratioReturn relative to average drawdown | 28.76 | 11.67 | +17.09 |
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 | 3BP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.57 | 1.98 | +3.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.06 | +0.53 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.06 | +0.78 |
Drawdowns
2GOO.L vs. 3BP.L - Drawdown Comparison
The maximum 2GOO.L drawdown since its inception was -69.73%, smaller than the maximum 3BP.L drawdown of -85.47%. Use the drawdown chart below to compare losses from any high point for 2GOO.L and 3BP.L.
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Drawdown Indicators
| 2GOO.L | 3BP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.73% | -85.47% | +15.74% |
Max Drawdown (1Y)Largest decline over 1 year | -35.69% | -39.67% | +3.98% |
Max Drawdown (3Y)Largest decline over 3 years | -53.24% | -82.48% | +29.24% |
Max Drawdown (5Y)Largest decline over 5 years | -69.73% | -85.47% | +15.74% |
Current DrawdownCurrent decline from peak | -15.61% | -46.91% | +31.30% |
Average DrawdownAverage peak-to-trough decline | -24.97% | -43.64% | +18.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.71% | 14.42% | -3.71% |
Volatility
2GOO.L vs. 3BP.L - Volatility Comparison
The current volatility for Leverage Shares 2x Alphabet ETC A GBP (2GOO.L) is 15.17%, while Leverage Shares 3x BP ETP GBX (3BP.L) has a volatility of 29.33%. This indicates that 2GOO.L experiences smaller price fluctuations and is considered to be less risky than 3BP.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 | 3BP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.17% | 29.33% | -14.16% |
Volatility (6M)Calculated over the trailing 6-month period | 35.51% | 74.08% | -38.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.17% | 84.97% | -29.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.11% | 89.78% | -30.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.82% | 90.19% | -28.37% |
2GOO.L vs. 3BP.L - Expense Ratio Comparison
Both 2GOO.L and 3BP.L have an expense ratio of 0.75%.
Dividends
2GOO.L vs. 3BP.L - Dividend Comparison
Neither 2GOO.L nor 3BP.L has paid dividends to shareholders.
Frequently Asked Questions
2GOO.L and 3BP.L have a correlation of -0.07, 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 3BP.L have the same expense ratio: 0.75% per year.
2GOO.L tracks NYSE Leveraged 2x GOOG Index, while 3BP.L tracks iSTOXX Leveraged 3x BP Index.
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