2GOO.L vs. 5SPY.L
2GOO.L (Leverage Shares 2x Alphabet ETC A GBP) and 5SPY.L (Leverage Shares 5x Long US 500 ETP Securities) are both Leveraged Equities funds from Leverage Shares. 2GOO.L is passively managed, while 5SPY.L is actively managed. Over the past 3 years, 2GOO.L returned 66.60%/yr vs 51.71%/yr for 5SPY.L. A 0.58 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.
Performance
2GOO.L vs. 5SPY.L - Performance Comparison
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Different Trading Currencies
2GOO.L is traded in GBp, while 5SPY.L is traded in USD. To make them comparable, the 5SPY.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 5SPY.L's 36.01% 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*
- —
5SPY.L
- 1D
- 0.00%
- 1M
- 23.35%
- YTD
- 36.01%
- 6M
- 34.10%
- 1Y
- 121.24%
- 3Y*
- 51.71%
- 5Y*
- —
- 10Y*
- —
2GOO.L vs. 5SPY.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% | 3.64% |
5SPY.L Leverage Shares 5x Long US 500 ETP Securities | 36.01% | -5.71% | 101.52% | 90.76% | -78.53% | 10.80% |
Correlation
The correlation between 2GOO.L and 5SPY.L is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2021 | 0.58 |
The correlation between 2GOO.L and 5SPY.L shifts across timeframes, from 0.40 (1 year) to 0.58 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
2GOO.L vs. 5SPY.L — Risk / Return Rank
2GOO.L
5SPY.L
2GOO.L vs. 5SPY.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 5x Long US 500 ETP Securities (5SPY.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 | 5SPY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.36 | ||
| Sortino ratioReturn per unit of downside risk | +2.58 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.34 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 8.61 | 2.82 | +5.79 |
| Martin ratioReturn relative to average drawdown | 28.76 | 9.03 | +19.73 |
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 | 5SPY.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.57 | 2.21 | +3.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.05 | +0.80 |
Drawdowns
2GOO.L vs. 5SPY.L - Drawdown Comparison
The maximum 2GOO.L drawdown since its inception was -69.73%, smaller than the maximum 5SPY.L drawdown of -80.53%. Use the drawdown chart below to compare losses from any high point for 2GOO.L and 5SPY.L.
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Drawdown Indicators
| 2GOO.L | 5SPY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.73% | -80.53% | +10.80% |
Max Drawdown (1Y)Largest decline over 1 year | -35.69% | -42.71% | +7.02% |
Max Drawdown (3Y)Largest decline over 3 years | -53.24% | -72.65% | +19.41% |
Max Drawdown (5Y)Largest decline over 5 years | -69.73% | — | — |
Current DrawdownCurrent decline from peak | -15.61% | -2.39% | -13.22% |
Average DrawdownAverage peak-to-trough decline | -24.97% | -48.46% | +23.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.71% | 13.38% | -2.67% |
Volatility
2GOO.L vs. 5SPY.L - Volatility Comparison
Leverage Shares 2x Alphabet ETC A GBP (2GOO.L) and Leverage Shares 5x Long US 500 ETP Securities (5SPY.L) have volatilities of 15.17% and 15.14%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 2GOO.L | 5SPY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.17% | 15.14% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 35.51% | 39.29% | -3.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.17% | 54.44% | +0.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.11% | 76.58% | -17.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.82% | 76.58% | -14.76% |
2GOO.L vs. 5SPY.L - Expense Ratio Comparison
Both 2GOO.L and 5SPY.L have an expense ratio of 0.75%.
Dividends
2GOO.L vs. 5SPY.L - Dividend Comparison
Neither 2GOO.L nor 5SPY.L has paid dividends to shareholders.
Frequently Asked Questions
2GOO.L and 5SPY.L have a correlation of 0.40, 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 5SPY.L have the same expense ratio: 0.75% per year.
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