2GOO.L vs. SMH3.L
2GOO.L (Leverage Shares 2x Alphabet ETC A GBP) and SMH3.L (Leverage Shares 3x Long Semiconductors ETP Securities) are both Leveraged Equities funds from Leverage Shares. 2GOO.L is passively managed, while SMH3.L is actively managed. Over the past 3 years, 2GOO.L returned 66.60%/yr vs 154.10%/yr for SMH3.L. At a 0.47 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
2GOO.L vs. SMH3.L - Performance Comparison
Loading charts...
Different Trading Currencies
2GOO.L is traded in GBp, while SMH3.L is traded in USD. To make them comparable, the SMH3.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 SMH3.L's 305.05% 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*
- —
SMH3.L
- 1D
- -6.35%
- 1M
- 62.47%
- YTD
- 305.05%
- 6M
- 295.43%
- 1Y
- 890.07%
- 3Y*
- 154.10%
- 5Y*
- —
- 10Y*
- —
2GOO.L vs. SMH3.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% | -3.81% |
SMH3.L Leverage Shares 3x Long Semiconductors ETP Securities | 305.05% | 62.22% | 69.91% | 243.35% | -83.36% | 2.48% |
Correlation
The correlation between 2GOO.L and SMH3.L is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2021 | 0.47 |
The correlation between 2GOO.L and SMH3.L shifts across timeframes, from 0.31 (1 year) to 0.47 (all time), reflecting how their relationship changes across market environments.
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. SMH3.L — Risk / Return Rank
2GOO.L
SMH3.L
2GOO.L vs. SMH3.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 Long Semiconductors ETP Securities (SMH3.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 | SMH3.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.61 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 8.61 | 23.48 | -14.87 |
| Martin ratioReturn relative to average drawdown | 28.76 | 75.37 | -46.62 |
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 | SMH3.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.57 | 9.62 | -4.05 |
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 | 0.53 | +0.32 |
Drawdowns
2GOO.L vs. SMH3.L - Drawdown Comparison
The maximum 2GOO.L drawdown since its inception was -69.73%, smaller than the maximum SMH3.L drawdown of -87.38%. Use the drawdown chart below to compare losses from any high point for 2GOO.L and SMH3.L.
Loading charts...
Drawdown Indicators
| 2GOO.L | SMH3.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.73% | -87.38% | +17.65% |
Max Drawdown (1Y)Largest decline over 1 year | -35.69% | -37.52% | +1.83% |
Max Drawdown (3Y)Largest decline over 3 years | -53.24% | -84.61% | +31.37% |
Max Drawdown (5Y)Largest decline over 5 years | -69.73% | — | — |
Current DrawdownCurrent decline from peak | -15.61% | -6.35% | -9.26% |
Average DrawdownAverage peak-to-trough decline | -24.97% | -47.65% | +22.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.71% | 11.71% | -1.00% |
Volatility
2GOO.L vs. SMH3.L - Volatility Comparison
The current volatility for Leverage Shares 2x Alphabet ETC A GBP (2GOO.L) is 15.17%, while Leverage Shares 3x Long Semiconductors ETP Securities (SMH3.L) has a volatility of 38.87%. This indicates that 2GOO.L experiences smaller price fluctuations and is considered to be less risky than SMH3.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| 2GOO.L | SMH3.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.17% | 38.87% | -23.70% |
Volatility (6M)Calculated over the trailing 6-month period | 35.51% | 70.05% | -34.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.17% | 91.61% | -36.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.11% | 99.01% | -39.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.82% | 99.01% | -37.19% |
2GOO.L vs. SMH3.L - Expense Ratio Comparison
Both 2GOO.L and SMH3.L have an expense ratio of 0.75%.
Dividends
2GOO.L vs. SMH3.L - Dividend Comparison
Neither 2GOO.L nor SMH3.L has paid dividends to shareholders.
Frequently Asked Questions
2GOO.L and SMH3.L have a correlation of 0.31, 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 SMH3.L have the same expense ratio: 0.75% per year.
Find the right allocation for 2GOO.L and SMH3.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