2GOO.L vs. 3MSF.L
2GOO.L (Leverage Shares 2x Alphabet ETC A GBP) and 3MSF.L (Leverage Shares 3x Microsoft ETP GBP) are both Leveraged Equities funds from Leverage Shares - 2GOO.L tracks the NYSE Leveraged 2x GOOG Index while 3MSF.L tracks the iSTOXX Leveraged 3X MSFT Index. Both are passively managed. Over the past 5 years, 2GOO.L returned 34.18%/yr vs 1.23%/yr for 3MSF.L. A 0.54 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.
Performance
2GOO.L vs. 3MSF.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 higher than 3MSF.L's -43.87% 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*
- —
3MSF.L
- 1D
- 2.31%
- 1M
- 11.27%
- YTD
- -43.87%
- 6M
- -42.12%
- 1Y
- -43.56%
- 3Y*
- -9.61%
- 5Y*
- 1.23%
- 10Y*
- —
2GOO.L vs. 3MSF.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% |
3MSF.L Leverage Shares 3x Microsoft ETP GBP | -43.87% | -1.14% | 15.47% | 170.19% | -74.05% | 203.49% | 36.73% |
Correlation
The correlation between 2GOO.L and 3MSF.L is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2020 | 0.54 |
Over the past year, the correlation between 2GOO.L and 3MSF.L has dropped to 0.18 - well below their long-term average of 0.54, suggesting their price drivers have been diverging.
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Return for Risk
2GOO.L vs. 3MSF.L — Risk / Return Rank
2GOO.L
3MSF.L
2GOO.L vs. 3MSF.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 Microsoft ETP GBP (3MSF.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 | 3MSF.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +6.06 | ||
| Sortino ratioReturn per unit of downside risk | +5.51 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 0.96 | +0.65 |
| Calmar ratioReturn relative to maximum drawdown | 8.61 | -0.55 | +9.16 |
| Martin ratioReturn relative to average drawdown | 28.76 | -0.91 | +29.67 |
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 | 3MSF.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.57 | -0.49 | +6.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.02 | +0.58 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.14 | +0.71 |
Drawdowns
2GOO.L vs. 3MSF.L - Drawdown Comparison
The maximum 2GOO.L drawdown since its inception was -69.73%, smaller than the maximum 3MSF.L drawdown of -81.42%. Use the drawdown chart below to compare losses from any high point for 2GOO.L and 3MSF.L.
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Drawdown Indicators
| 2GOO.L | 3MSF.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.73% | -81.42% | +11.69% |
Max Drawdown (1Y)Largest decline over 1 year | -35.69% | -79.39% | +43.70% |
Max Drawdown (3Y)Largest decline over 3 years | -53.24% | -79.39% | +26.15% |
Max Drawdown (5Y)Largest decline over 5 years | -69.73% | -81.42% | +11.69% |
Current DrawdownCurrent decline from peak | -15.61% | -68.07% | +52.46% |
Average DrawdownAverage peak-to-trough decline | -24.97% | -36.12% | +11.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.71% | 47.82% | -37.11% |
Volatility
2GOO.L vs. 3MSF.L - Volatility Comparison
The current volatility for Leverage Shares 2x Alphabet ETC A GBP (2GOO.L) is 15.17%, while Leverage Shares 3x Microsoft ETP GBP (3MSF.L) has a volatility of 31.04%. This indicates that 2GOO.L experiences smaller price fluctuations and is considered to be less risky than 3MSF.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 | 3MSF.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.17% | 31.04% | -15.87% |
Volatility (6M)Calculated over the trailing 6-month period | 35.51% | 75.10% | -39.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.17% | 88.44% | -33.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.11% | 80.48% | -21.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.82% | 80.21% | -18.39% |
2GOO.L vs. 3MSF.L - Expense Ratio Comparison
Both 2GOO.L and 3MSF.L have an expense ratio of 0.75%.
Dividends
2GOO.L vs. 3MSF.L - Dividend Comparison
Neither 2GOO.L nor 3MSF.L has paid dividends to shareholders.
Frequently Asked Questions
2GOO.L and 3MSF.L have a correlation of 0.18, 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 3MSF.L have the same expense ratio: 0.75% per year.
2GOO.L tracks NYSE Leveraged 2x GOOG Index, while 3MSF.L tracks iSTOXX Leveraged 3X MSFT Index.
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