2GOO.L vs. 3GOO.L
2GOO.L (Leverage Shares 2x Alphabet ETC A GBP) and 3GOO.L (Leverage Shares 3x Alphabet ETC GBP) are both Leveraged Equities funds from Leverage Shares - 2GOO.L tracks the NYSE Leveraged 2x GOOG Index while 3GOO.L tracks the iSTOXX Leveraged 3X GOOG Index. Both are passively managed. Over the past 5 years, 2GOO.L returned 34.18%/yr vs 30.26%/yr for 3GOO.L. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.75% expense ratio.
Performance
2GOO.L vs. 3GOO.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, 2GOO.L achieves a 28.19% return, which is significantly lower than 3GOO.L's 34.83% 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*
- —
3GOO.L
- 1D
- 8.98%
- 1M
- -15.53%
- YTD
- 34.83%
- 6M
- 27.25%
- 1Y
- 608.54%
- 3Y*
- 85.26%
- 5Y*
- 30.26%
- 10Y*
- —
2GOO.L vs. 3GOO.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% | 11.79% |
3GOO.L Leverage Shares 3x Alphabet ETC GBP | 34.83% | 146.08% | 80.34% | 154.87% | -85.80% | 293.65% | 12.30% |
Correlation
The correlation between 2GOO.L and 3GOO.L is 0.99 - 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 | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Aug 25, 2020 | 0.93 |
The correlation between 2GOO.L and 3GOO.L has been stable across timeframes, ranging from 0.93 to 0.99 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
2GOO.L vs. 3GOO.L — Risk / Return Rank
2GOO.L
3GOO.L
2GOO.L vs. 3GOO.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 ETC GBP (3GOO.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 | 3GOO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.66 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.59 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 8.61 | 11.92 | -3.30 |
| Martin ratioReturn relative to average drawdown | 28.76 | 37.79 | -9.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| 2GOO.L | 3GOO.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.57 | 7.23 | -1.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.35 | +0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.55 | +0.29 |
Drawdowns
2GOO.L vs. 3GOO.L - Drawdown Comparison
The maximum 2GOO.L drawdown since its inception was -69.73%, smaller than the maximum 3GOO.L drawdown of -88.06%. Use the drawdown chart below to compare losses from any high point for 2GOO.L and 3GOO.L.
Loading charts...
Drawdown Indicators
| 2GOO.L | 3GOO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.73% | -88.06% | +18.33% |
Max Drawdown (1Y)Largest decline over 1 year | -35.69% | -50.61% | +14.92% |
Max Drawdown (3Y)Largest decline over 3 years | -53.24% | -68.88% | +15.64% |
Max Drawdown (5Y)Largest decline over 5 years | -69.73% | -88.06% | +18.33% |
Current DrawdownCurrent decline from peak | -15.61% | -23.69% | +8.08% |
Average DrawdownAverage peak-to-trough decline | -24.97% | -44.53% | +19.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.71% | 15.99% | -5.28% |
Volatility
2GOO.L vs. 3GOO.L - Volatility Comparison
The current volatility for Leverage Shares 2x Alphabet ETC A GBP (2GOO.L) is 15.17%, while Leverage Shares 3x Alphabet ETC GBP (3GOO.L) has a volatility of 22.98%. This indicates that 2GOO.L experiences smaller price fluctuations and is considered to be less risky than 3GOO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| 2GOO.L | 3GOO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.17% | 22.98% | -7.81% |
Volatility (6M)Calculated over the trailing 6-month period | 35.51% | 53.81% | -18.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.17% | 83.45% | -28.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.11% | 89.52% | -30.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.82% | 89.77% | -27.95% |
2GOO.L vs. 3GOO.L - Expense Ratio Comparison
Both 2GOO.L and 3GOO.L have an expense ratio of 0.75%.
Dividends
2GOO.L vs. 3GOO.L - Dividend Comparison
Neither 2GOO.L nor 3GOO.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.99, 2GOO.L and 3GOO.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 3GOO.L have the same expense ratio: 0.75% per year.
2GOO.L tracks NYSE Leveraged 2x GOOG Index, while 3GOO.L tracks iSTOXX Leveraged 3X GOOG Index.
Find the right allocation for 2GOO.L and 3GOO.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer