2MU.L vs. 3GOO.L
2MU.L (Leverage Shares 2x Micron Technology ETC GBP) and 3GOO.L (Leverage Shares 3x Alphabet ETC GBP) are both Leveraged Equities funds from Leverage Shares - 2MU.L tracks the iSTOXX Leveraged 2X MU Index while 3GOO.L tracks the iSTOXX Leveraged 3X GOOG Index. Both are passively managed. Over the past 5 years, 2MU.L returned 108.24%/yr vs 20.86%/yr for 3GOO.L. At a 0.36 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
2MU.L vs. 3GOO.L - Performance Comparison
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Returns By Period
In the year-to-date period, 2MU.L achieves a 1,048.84% return, which is significantly higher than 3GOO.L's 11.62% return.
2MU.L
- 1D
- 0.00%
- 1M
- 113.85%
- YTD
- 1,048.84%
- 6M
- 1,176.49%
- 1Y
- 5,133.05%
- 3Y*
- 342.43%
- 5Y*
- 108.24%
- 10Y*
- —
3GOO.L
- 1D
- -5.16%
- 1M
- -28.59%
- YTD
- 11.62%
- 6M
- 10.12%
- 1Y
- 510.42%
- 3Y*
- 84.40%
- 5Y*
- 20.86%
- 10Y*
- —
2MU.L vs. 3GOO.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
2MU.L Leverage Shares 2x Micron Technology ETC GBP | 1,048.84% | 550.25% | -30.59% | 142.95% | -76.42% | 45.29% | 65.67% |
3GOO.L Leverage Shares 3x Alphabet ETC GBP | 11.62% | 146.08% | 80.34% | 154.87% | -85.80% | 292.19% | 40.82% |
Correlation
The correlation between 2MU.L and 3GOO.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.36 |
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Return for Risk
2MU.L vs. 3GOO.L — Risk / Return Rank
2MU.L
3GOO.L
2MU.L vs. 3GOO.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2x Micron Technology ETC GBP (2MU.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| 2MU.L | 3GOO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +29.69 | ||
| Sortino ratioReturn per unit of downside risk | +2.11 | ||
| Omega ratioGain probability vs. loss probability | 1.84 | 1.54 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 96.49 | 10.00 | +86.49 |
| Martin ratioReturn relative to average drawdown | 321.59 | 29.95 | +291.65 |
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Drawdowns
2MU.L vs. 3GOO.L - Drawdown Comparison
The maximum 2MU.L drawdown since its inception was -89.16%, roughly equal to the maximum 3GOO.L drawdown of -88.06%. Use the drawdown chart below to compare losses from any high point for 2MU.L and 3GOO.L.
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Drawdown Indicators
| 2MU.L | 3GOO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.16% | -88.06% | -1.10% |
Max Drawdown (1Y)Largest decline over 1 year | -53.20% | -50.61% | -2.59% |
Max Drawdown (3Y)Largest decline over 3 years | -89.16% | -68.88% | -20.28% |
Max Drawdown (5Y)Largest decline over 5 years | -89.16% | -88.06% | -1.10% |
Current DrawdownCurrent decline from peak | 0.00% | -36.82% | +36.82% |
Average DrawdownAverage peak-to-trough decline | -44.45% | -42.83% | -1.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.96% | 16.93% | -0.97% |
Volatility
2MU.L vs. 3GOO.L - Volatility Comparison
Leverage Shares 2x Micron Technology ETC GBP (2MU.L) has a higher volatility of 45.75% compared to Leverage Shares 3x Alphabet ETC GBP (3GOO.L) at 29.53%. This indicates that 2MU.L's price experiences larger fluctuations and is considered to be riskier than 3GOO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 2MU.L | 3GOO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 45.75% | 29.53% | +16.22% |
Volatility (6M)Calculated over the trailing 6-month period | 100.35% | 57.77% | +42.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 144.36% | 86.57% | +57.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 108.99% | 90.86% | +18.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 103.94% | 89.20% | +14.74% |
2MU.L vs. 3GOO.L - Expense Ratio Comparison
Both 2MU.L and 3GOO.L have an expense ratio of 0.75%.
Dividends
2MU.L vs. 3GOO.L - Dividend Comparison
Neither 2MU.L nor 3GOO.L has paid dividends to shareholders.
Frequently Asked Questions
2MU.L and 3GOO.L have a correlation of 0.28, 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.
2MU.L and 3GOO.L have the same expense ratio: 0.75% per year.
2MU.L tracks iSTOXX Leveraged 2X MU Index, while 3GOO.L tracks iSTOXX Leveraged 3X GOOG Index.
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