2NFL.L vs. 2GOO.L
2NFL.L (Leverage Shares 2x Netflix ETC A GBP) and 2GOO.L (Leverage Shares 2x Alphabet ETC A GBP) are both Leveraged Equities funds from Leverage Shares - 2NFL.L tracks the NYSE Leveraged 2x NFLX Index while 2GOO.L tracks the NYSE Leveraged 2x GOOG Index. Both are passively managed. Over the past 5 years, 2NFL.L returned -6.80%/yr vs 32.44%/yr for 2GOO.L. At a 0.31 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
2NFL.L vs. 2GOO.L - Performance Comparison
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Returns By Period
In the year-to-date period, 2NFL.L achieves a -30.54% return, which is significantly lower than 2GOO.L's 20.10% return.
2NFL.L
- 1D
- -4.96%
- 1M
- -25.11%
- YTD
- -30.54%
- 6M
- -44.36%
- 1Y
- -63.09%
- 3Y*
- 27.79%
- 5Y*
- -6.80%
- 10Y*
- —
2GOO.L
- 1D
- -4.82%
- 1M
- -13.15%
- YTD
- 20.10%
- 6M
- 13.88%
- 1Y
- 280.03%
- 3Y*
- 65.10%
- 5Y*
- 32.44%
- 10Y*
- —
2NFL.L vs. 2GOO.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
2NFL.L Leverage Shares 2x Netflix ETC A GBP | -30.54% | -20.02% | 192.97% | 115.23% | -87.10% | 23.08% | 100.08% | -3.01% |
2GOO.L Leverage Shares 2x Alphabet ETC A GBP | 20.10% | 100.64% | 64.47% | 106.54% | -66.92% | 166.13% | 33.93% | 31.48% |
Correlation
The correlation between 2NFL.L and 2GOO.L is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2019 | 0.31 |
The correlation between 2NFL.L and 2GOO.L shifts across timeframes, from -0.04 (1 year) to 0.32 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
2NFL.L vs. 2GOO.L — Risk / Return Rank
2NFL.L
2GOO.L
2NFL.L vs. 2GOO.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2x Netflix ETC A GBP (2NFL.L) and Leverage Shares 2x Alphabet ETC A GBP (2GOO.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.
| 2NFL.L | 2GOO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.05 | ||
| Sortino ratioReturn per unit of downside risk | -6.53 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 1.58 | -0.78 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | 7.79 | -8.68 |
| Martin ratioReturn relative to average drawdown | -1.43 | 26.12 | -27.55 |
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
| 2NFL.L | 2GOO.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.98 | 5.07 | -6.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.07 | 0.56 | -0.64 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 0.82 | -0.78 |
Drawdowns
2NFL.L vs. 2GOO.L - Drawdown Comparison
The maximum 2NFL.L drawdown since its inception was -95.91%, which is greater than 2GOO.L's maximum drawdown of -69.73%. Use the drawdown chart below to compare losses from any high point for 2NFL.L and 2GOO.L.
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Drawdown Indicators
| 2NFL.L | 2GOO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.91% | -69.73% | -26.18% |
Max Drawdown (1Y)Largest decline over 1 year | -71.00% | -35.69% | -35.31% |
Max Drawdown (3Y)Largest decline over 3 years | -71.00% | -53.24% | -17.76% |
Max Drawdown (5Y)Largest decline over 5 years | -95.91% | -69.73% | -26.18% |
Current DrawdownCurrent decline from peak | -68.20% | -20.94% | -47.26% |
Average DrawdownAverage peak-to-trough decline | -48.90% | -24.97% | -23.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.03% | 10.67% | +33.36% |
Volatility
2NFL.L vs. 2GOO.L - Volatility Comparison
Leverage Shares 2x Netflix ETC A GBP (2NFL.L) has a higher volatility of 19.52% compared to Leverage Shares 2x Alphabet ETC A GBP (2GOO.L) at 13.58%. This indicates that 2NFL.L's price experiences larger fluctuations and is considered to be riskier than 2GOO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 2NFL.L | 2GOO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.52% | 13.58% | +5.94% |
Volatility (6M)Calculated over the trailing 6-month period | 52.17% | 34.93% | +17.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.50% | 54.88% | +9.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 91.01% | 59.04% | +31.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 85.97% | 61.78% | +24.19% |
2NFL.L vs. 2GOO.L - Expense Ratio Comparison
Both 2NFL.L and 2GOO.L have an expense ratio of 0.75%.
Dividends
2NFL.L vs. 2GOO.L - Dividend Comparison
Neither 2NFL.L nor 2GOO.L has paid dividends to shareholders.
Frequently Asked Questions
2NFL.L and 2GOO.L have a correlation of -0.04, 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.
2NFL.L and 2GOO.L have the same expense ratio: 0.75% per year.
2NFL.L tracks NYSE Leveraged 2x NFLX Index, while 2GOO.L tracks NYSE Leveraged 2x GOOG Index.
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