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3ABN.L vs. 2MU.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

3ABN.L vs. 2MU.L

Last updated Jun 5, 2026

3ABN.L (Leverage Shares 3x Airbnb ETP Securities GBP) and 2MU.L (Leverage Shares 2x Micron Technology ETC GBP) are both Leveraged Equities funds from Leverage Shares - 3ABN.L tracks the iSTOXX Leveraged 3x ABNB Index while 2MU.L tracks the iSTOXX Leveraged 2X MU Index. Both are passively managed. Over the past 3 years, 3ABN.L returned 312.05%/yr vs 288.49%/yr for 2MU.L. At a 0.35 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

3ABN.L vs. 2MU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Leverage Shares 3x Airbnb ETP Securities GBP (3ABN.L) and Leverage Shares 2x Micron Technology ETC GBP (2MU.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, 3ABN.L achieves a -17.48% return, which is significantly lower than 2MU.L's 783.72% return.

3ABN.L

1D
7.63%
1M
-8.56%
YTD
-17.48%
6M
18.31%
1Y
-30.56%
3Y*
312.05%
5Y*
—
10Y*
—

2MU.L

1D
-10.80%
1M
128.37%
YTD
783.72%
6M
1,297.06%
1Y
5,521.30%
3Y*
288.49%
5Y*
95.03%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

3ABN.L vs. 2MU.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021
3ABN.L
Leverage Shares 3x Airbnb ETP Securities GBP		-17.48%12,760.97%-45.97%106.32%-96.11%4.99%
2MU.L
Leverage Shares 2x Micron Technology ETC GBP		783.72%550.25%-30.59%142.95%-76.42%29.09%

Correlation

The correlation between 3ABN.L and 2MU.L is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.16

Correlation (3Y)
Calculated over the trailing 3-year period

0.29

Correlation (All Time)
Calculated using the full available price history since Jun 17, 2021

0.35

The correlation between 3ABN.L and 2MU.L shifts across timeframes, from 0.16 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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Leverage Shares 3x Airbnb ETP Securities GBP

Leverage Shares 2x Micron Technology ETC GBP

Often compared with 3ABN.L:
3ABN.L vs. 3NFE.L3ABN.L vs. TQQQ3ABN.L vs. KWE3.L3ABN.L vs. 3XFE.L3ABN.L vs. AMD3.L3ABN.L vs. 2AMD.L3ABN.L vs. 2GOO.L
Often compared with 2MU.L:
2MU.L vs. SOXL.L2MU.L vs. 3AMZ.L2MU.L vs. 3GDX.L2MU.L vs. 3AMD.L2MU.L vs. 3GDE.L2MU.L vs. 3MST.L2MU.L vs. 3BAL.L

Return for Risk

3ABN.L vs. 2MU.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
3ABN.L
2MU.L
2MU.L Risk / Return Rank: 9999
Overall Rank
2MU.L Sharpe Ratio Rank: 100100
Sharpe Ratio Rank
2MU.L Sortino Ratio Rank: 9898
Sortino Ratio Rank
2MU.L Omega Ratio Rank: 9797
Omega Ratio Rank
2MU.L Calmar Ratio Rank: 100100
Calmar Ratio Rank
2MU.L Martin Ratio Rank: 100100
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

3ABN.L vs. 2MU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Airbnb ETP Securities GBP (3ABN.L) and Leverage Shares 2x Micron Technology ETC GBP (2MU.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.

3ABN.L2MU.LDifference
Sharpe ratioReturn per unit of total volatility
-0.36
42.49

-42.85

Sortino ratioReturn per unit of downside risk
0.01
7.25

-7.24

Omega ratioGain probability vs. loss probability

1.00

1.90

-0.90

Calmar ratioReturn relative to maximum drawdown

-0.54

102.11

-102.65

Martin ratioReturn relative to average drawdown

-0.81

363.67

-364.48

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

3ABN.L vs. 2MU.L - Sharpe Ratio Comparison

The current 3ABN.L Sharpe Ratio is -0.36, which is lower than the 2MU.L Sharpe Ratio of 42.49. The chart below compares the historical Sharpe Ratios of 3ABN.L and 2MU.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

3ABN.L2MU.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.36

42.49

-42.85

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.91

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.00

0.95

-0.95

Drawdowns

3ABN.L vs. 2MU.L - Drawdown Comparison

The maximum 3ABN.L drawdown since its inception was -99.20%, which is greater than 2MU.L's maximum drawdown of -89.16%. Use the drawdown chart below to compare losses from any high point for 3ABN.L and 2MU.L.

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Drawdown Indicators

3ABN.L2MU.LDifference

Max Drawdown

Largest peak-to-trough decline

-99.20%

-89.16%

-10.04%

Max Drawdown (1Y)

Largest decline over 1 year

-56.74%

-53.20%

-3.54%

Max Drawdown (3Y)

Largest decline over 3 years

-88.24%

-89.16%

+0.92%

Max Drawdown (5Y)

Largest decline over 5 years

—

-89.16%

—

Current Drawdown

Current decline from peak

-39.50%

-10.80%

-28.70%

Average Drawdown

Average peak-to-trough decline

-72.43%

-44.84%

-27.59%

Ulcer Index

Depth and duration of drawdowns from previous peaks

37.50%

14.97%

+22.53%

Volatility

3ABN.L vs. 2MU.L - Volatility Comparison

The current volatility for Leverage Shares 3x Airbnb ETP Securities GBP (3ABN.L) is 25.65%, while Leverage Shares 2x Micron Technology ETC GBP (2MU.L) has a volatility of 46.25%. This indicates that 3ABN.L experiences smaller price fluctuations and is considered to be less risky than 2MU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

3ABN.L2MU.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

25.65%

46.25%

-20.60%

Volatility (6M)

Calculated over the trailing 6-month period

68.67%

97.07%

-28.40%

Volatility (1Y)

Calculated over the trailing 1-year period

85.59%

127.89%

-42.30%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

9,929.19%

104.82%

+9,824.37%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

9,929.19%

100.87%

+9,828.32%

3ABN.L vs. 2MU.L - Expense Ratio Comparison

Both 3ABN.L and 2MU.L have an expense ratio of 0.75%.

Dividends

3ABN.L vs. 2MU.L - Dividend Comparison

Neither 3ABN.L nor 2MU.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

3ABN.L and 2MU.L have a correlation of 0.16, 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.

3ABN.L and 2MU.L have the same expense ratio: 0.75% per year.

3ABN.L tracks iSTOXX Leveraged 3x ABNB Index, while 2MU.L tracks iSTOXX Leveraged 2X MU Index.

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