3ABE.L vs. 2BRE.L
3ABE.L (Leverage Shares 3x Airbnb ETC EUR) and 2BRE.L (Leverage Shares 2x Long Berkshire Hathaway (BRK-B) ETC EUR) are both Leveraged Equities funds from Leverage Shares. 3ABE.L is passively managed, while 2BRE.L is actively managed. Over the past 3 years, 3ABE.L returned -27.16%/yr vs 11.31%/yr for 2BRE.L. At a 0.13 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3ABE.L vs. 2BRE.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3ABE.L achieves a -16.89% return, which is significantly lower than 2BRE.L's -13.89% return.
3ABE.L
- 1D
- 7.81%
- 1M
- -8.84%
- YTD
- -16.89%
- 6M
- 19.33%
- 1Y
- -32.35%
- 3Y*
- -27.16%
- 5Y*
- —
- 10Y*
- —
2BRE.L
- 1D
- 0.62%
- 1M
- 3.98%
- YTD
- -13.89%
- 6M
- -14.34%
- 1Y
- -18.63%
- 3Y*
- 11.31%
- 5Y*
- —
- 10Y*
- —
3ABE.L vs. 2BRE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
3ABE.L Leverage Shares 3x Airbnb ETC EUR | -16.89% | -45.87% | -43.38% | 113.95% | -96.38% | 17.90% |
2BRE.L Leverage Shares 2x Long Berkshire Hathaway (BRK-B) ETC EUR | -13.89% | -4.91% | 55.13% | 18.25% | 4.42% | -0.89% |
Correlation
The correlation between 3ABE.L and 2BRE.L is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2021 | 0.13 |
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Return for Risk
3ABE.L vs. 2BRE.L — Risk / Return Rank
3ABE.L
2BRE.L
3ABE.L vs. 2BRE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Airbnb ETC EUR (3ABE.L) and Leverage Shares 2x Long Berkshire Hathaway (BRK-B) ETC EUR (2BRE.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.
| 3ABE.L | 2BRE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.91 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | -0.82 | +0.26 |
| Martin ratioReturn relative to average drawdown | -0.84 | -1.60 | +0.76 |
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
| 3ABE.L | 2BRE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.37 | -0.66 | +0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.45 | 0.30 | -0.75 |
Drawdowns
3ABE.L vs. 2BRE.L - Drawdown Comparison
The maximum 3ABE.L drawdown since its inception was -99.31%, which is greater than 2BRE.L's maximum drawdown of -40.62%. Use the drawdown chart below to compare losses from any high point for 3ABE.L and 2BRE.L.
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Drawdown Indicators
| 3ABE.L | 2BRE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.31% | -40.62% | -58.69% |
Max Drawdown (1Y)Largest decline over 1 year | -57.55% | -22.65% | -34.90% |
Max Drawdown (3Y)Largest decline over 3 years | -89.71% | -39.67% | -50.04% |
Current DrawdownCurrent decline from peak | -99.02% | -37.26% | -61.76% |
Average DrawdownAverage peak-to-trough decline | -85.06% | -19.10% | -65.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.29% | 11.62% | +26.67% |
Volatility
3ABE.L vs. 2BRE.L - Volatility Comparison
Leverage Shares 3x Airbnb ETC EUR (3ABE.L) has a higher volatility of 26.11% compared to Leverage Shares 2x Long Berkshire Hathaway (BRK-B) ETC EUR (2BRE.L) at 7.24%. This indicates that 3ABE.L's price experiences larger fluctuations and is considered to be riskier than 2BRE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3ABE.L | 2BRE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.11% | 7.24% | +18.87% |
Volatility (6M)Calculated over the trailing 6-month period | 69.60% | 20.36% | +49.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 86.23% | 28.18% | +58.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 156.33% | 37.23% | +119.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 156.33% | 37.23% | +119.10% |
3ABE.L vs. 2BRE.L - Expense Ratio Comparison
Both 3ABE.L and 2BRE.L have an expense ratio of 0.75%.
Dividends
3ABE.L vs. 2BRE.L - Dividend Comparison
Neither 3ABE.L nor 2BRE.L has paid dividends to shareholders.
Frequently Asked Questions
3ABE.L and 2BRE.L have a correlation of 0.15, 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.
3ABE.L and 2BRE.L have the same expense ratio: 0.75% per year.
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