2MU.L vs. 3TSL.L
2MU.L (Leverage Shares 2x Micron Technology ETC GBP) and 3TSL.L (Leverage Shares 3x Tesla ETP Securities GBX) are both Leveraged Equities funds from Leverage Shares - 2MU.L tracks the iSTOXX Leveraged 2X MU Index while 3TSL.L tracks the iSTOXX Leveraged 3x TSLA Index. Both are passively managed. Over the past 5 years, 2MU.L returned 99.54%/yr vs -50.12%/yr for 3TSL.L. At a 0.35 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
2MU.L vs. 3TSL.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, 2MU.L achieves a 890.70% return, which is significantly higher than 3TSL.L's -35.52% return.
2MU.L
- 1D
- 3.90%
- 1M
- 267.24%
- YTD
- 890.70%
- 6M
- 1,363.92%
- 1Y
- 6,514.91%
- 3Y*
- 298.47%
- 5Y*
- 99.54%
- 10Y*
- —
3TSL.L
- 1D
- 4.45%
- 1M
- 24.10%
- YTD
- -35.52%
- 6M
- -32.22%
- 1Y
- -21.67%
- 3Y*
- -39.51%
- 5Y*
- -50.12%
- 10Y*
- —
2MU.L vs. 3TSL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
2MU.L Leverage Shares 2x Micron Technology ETC GBP | 890.70% | 550.25% | -30.59% | 142.95% | -76.42% | -3.98% |
3TSL.L Leverage Shares 3x Tesla ETP Securities GBX | -35.52% | -71.66% | 25.48% | 217.46% | -99.04% | 127.69% |
Correlation
The correlation between 2MU.L and 3TSL.L is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2021 | 0.35 |
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
2MU.L vs. 3TSL.L — Risk / Return Rank
2MU.L
3TSL.L
2MU.L vs. 3TSL.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 Tesla ETP Securities GBX (3TSL.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.
| 2MU.L | 3TSL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +50.50 | ||
| Sortino ratioReturn per unit of downside risk | +6.84 | ||
| Omega ratioGain probability vs. loss probability | 1.95 | 1.09 | +0.86 |
| Calmar ratioReturn relative to maximum drawdown | 120.42 | -0.30 | +120.72 |
| Martin ratioReturn relative to average drawdown | 429.29 | -0.57 | +429.87 |
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
| 2MU.L | 3TSL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 50.34 | -0.16 | +50.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.95 | -0.30 | +1.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.99 | -0.33 | +1.32 |
Drawdowns
2MU.L vs. 3TSL.L - Drawdown Comparison
The maximum 2MU.L drawdown since its inception was -89.16%, smaller than the maximum 3TSL.L drawdown of -99.83%. Use the drawdown chart below to compare losses from any high point for 2MU.L and 3TSL.L.
Loading charts...
Drawdown Indicators
| 2MU.L | 3TSL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.16% | -99.83% | +10.67% |
Max Drawdown (1Y)Largest decline over 1 year | -53.20% | -71.97% | +18.77% |
Max Drawdown (3Y)Largest decline over 3 years | -89.16% | -95.49% | +6.33% |
Max Drawdown (5Y)Largest decline over 5 years | -89.16% | -99.83% | +10.67% |
Current DrawdownCurrent decline from peak | 0.00% | -99.64% | +99.64% |
Average DrawdownAverage peak-to-trough decline | -44.86% | -85.99% | +41.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.95% | 37.52% | -22.57% |
Volatility
2MU.L vs. 3TSL.L - Volatility Comparison
Leverage Shares 2x Micron Technology ETC GBP (2MU.L) has a higher volatility of 53.51% compared to Leverage Shares 3x Tesla ETP Securities GBX (3TSL.L) at 38.75%. This indicates that 2MU.L's price experiences larger fluctuations and is considered to be riskier than 3TSL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| 2MU.L | 3TSL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 53.51% | 38.75% | +14.76% |
Volatility (6M)Calculated over the trailing 6-month period | 96.13% | 84.86% | +11.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 127.53% | 137.57% | -10.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 104.70% | 166.00% | -61.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 100.80% | 165.84% | -65.04% |
2MU.L vs. 3TSL.L - Expense Ratio Comparison
Both 2MU.L and 3TSL.L have an expense ratio of 0.75%.
Dividends
2MU.L vs. 3TSL.L - Dividend Comparison
Neither 2MU.L nor 3TSL.L has paid dividends to shareholders.
Frequently Asked Questions
2MU.L and 3TSL.L have a correlation of 0.33, 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 3TSL.L have the same expense ratio: 0.75% per year.
2MU.L tracks iSTOXX Leveraged 2X MU Index, while 3TSL.L tracks iSTOXX Leveraged 3x TSLA Index.
Find the right allocation for 2MU.L and 3TSL.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