2GOO.L vs. 3GOE.L
2GOO.L (Leverage Shares 2x Alphabet ETC A GBP) and 3GOE.L (Leverage Shares 3x Alphabet ETP Scs) are both Leveraged Equities funds from Leverage Shares - 2GOO.L tracks the NYSE Leveraged 2x GOOG Index while 3GOE.L tracks the iSTOXX Leveraged 3X GOOG Index. Both are passively managed. Over the past 5 years, 2GOO.L returned 34.18%/yr vs 30.33%/yr for 3GOE.L. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.75% expense ratio.
Performance
2GOO.L vs. 3GOE.L - Performance Comparison
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Different Trading Currencies
2GOO.L is traded in GBp, while 3GOE.L is traded in USD. To make them comparable, the 3GOE.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, 2GOO.L achieves a 28.19% return, which is significantly lower than 3GOE.L's 37.96% 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*
- —
3GOE.L
- 1D
- 10.59%
- 1M
- -14.47%
- YTD
- 37.96%
- 6M
- 28.99%
- 1Y
- 603.82%
- 3Y*
- 81.01%
- 5Y*
- 30.33%
- 10Y*
- —
2GOO.L vs. 3GOE.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% |
3GOE.L Leverage Shares 3x Alphabet ETP Scs | 37.96% | 117.01% | 92.46% | 146.89% | -84.96% | 324.04% | 29.92% |
Correlation
The correlation between 2GOO.L and 3GOE.L is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2020 | 0.94 |
The correlation between 2GOO.L and 3GOE.L has been stable across timeframes, ranging from 0.94 to 0.98 - a consistent structural relationship.
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Return for Risk
2GOO.L vs. 3GOE.L — Risk / Return Rank
2GOO.L
3GOE.L
2GOO.L vs. 3GOE.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 Alphabet ETP Scs (3GOE.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 | 3GOE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.58 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 8.61 | 12.14 | -3.53 |
| Martin ratioReturn relative to average drawdown | 28.76 | 37.54 | -8.78 |
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 | 3GOE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.57 | 6.92 | -1.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.34 | +0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.57 | +0.27 |
Drawdowns
2GOO.L vs. 3GOE.L - Drawdown Comparison
The maximum 2GOO.L drawdown since its inception was -69.73%, smaller than the maximum 3GOE.L drawdown of -87.19%. Use the drawdown chart below to compare losses from any high point for 2GOO.L and 3GOE.L.
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Drawdown Indicators
| 2GOO.L | 3GOE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.73% | -87.19% | +17.46% |
Max Drawdown (1Y)Largest decline over 1 year | -35.69% | -49.28% | +13.59% |
Max Drawdown (3Y)Largest decline over 3 years | -53.24% | -70.65% | +17.41% |
Max Drawdown (5Y)Largest decline over 5 years | -69.73% | -87.19% | +17.46% |
Current DrawdownCurrent decline from peak | -15.61% | -22.68% | +7.07% |
Average DrawdownAverage peak-to-trough decline | -24.97% | -42.10% | +17.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.71% | 15.97% | -5.26% |
Volatility
2GOO.L vs. 3GOE.L - Volatility Comparison
The current volatility for Leverage Shares 2x Alphabet ETC A GBP (2GOO.L) is 15.17%, while Leverage Shares 3x Alphabet ETP Scs (3GOE.L) has a volatility of 23.75%. This indicates that 2GOO.L experiences smaller price fluctuations and is considered to be less risky than 3GOE.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 | 3GOE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.17% | 23.75% | -8.58% |
Volatility (6M)Calculated over the trailing 6-month period | 35.51% | 54.00% | -18.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.17% | 86.54% | -31.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.11% | 88.96% | -29.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.82% | 88.57% | -26.75% |
2GOO.L vs. 3GOE.L - Expense Ratio Comparison
Both 2GOO.L and 3GOE.L have an expense ratio of 0.75%.
Dividends
2GOO.L vs. 3GOE.L - Dividend Comparison
Neither 2GOO.L nor 3GOE.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.97, 2GOO.L and 3GOE.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 3GOE.L have the same expense ratio: 0.75% per year.
2GOO.L tracks NYSE Leveraged 2x GOOG Index, while 3GOE.L tracks iSTOXX Leveraged 3X GOOG Index.
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