3AMD.L vs. 2AMD.L
3AMD.L (Leverage Shares 3x AMD ETC GBP) and 2AMD.L (Leverage Shares 2x Advanced Micro Devices ETC GBP) are both Leveraged Equities funds from Leverage Shares - 3AMD.L tracks the iSTOXX Leveraged 3x AMD Index while 2AMD.L tracks the iSTOXX Leveraged 2X AMD Index. Both are passively managed. Over the past 3 years, 3AMD.L returned 51.93%/yr vs 74.75%/yr for 2AMD.L. With a 0.97 correlation, they move nearly in lockstep. Both charge a 0.75% expense ratio.
Performance
3AMD.L vs. 2AMD.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3AMD.L achieves a 658.07% return, which is significantly higher than 2AMD.L's 345.45% return.
3AMD.L
- 1D
- 11.54%
- 1M
- 184.55%
- YTD
- 658.07%
- 6M
- 604.25%
- 1Y
- 2,384.13%
- 3Y*
- 51.93%
- 5Y*
- —
- 10Y*
- —
2AMD.L
- 1D
- -0.87%
- 1M
- 98.27%
- YTD
- 345.45%
- 6M
- 330.90%
- 1Y
- 1,086.85%
- 3Y*
- 74.75%
- 5Y*
- 45.83%
- 10Y*
- —
3AMD.L vs. 2AMD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
3AMD.L Leverage Shares 3x AMD ETC GBP | 658.07% | 53.77% | -76.38% | 448.82% | -97.41% | 265.31% |
2AMD.L Leverage Shares 2x Advanced Micro Devices ETC GBP | 345.45% | 82.40% | -49.88% | 285.12% | -86.24% | 166.80% |
Correlation
The correlation between 3AMD.L and 2AMD.L is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2021 | 0.97 |
The correlation between 3AMD.L and 2AMD.L has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.
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Return for Risk
3AMD.L vs. 2AMD.L — Risk / Return Rank
3AMD.L
2AMD.L
3AMD.L vs. 2AMD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x AMD ETC GBP (3AMD.L) and Leverage Shares 2x Advanced Micro Devices ETC GBP (2AMD.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.
| 3AMD.L | 2AMD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.63 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 30.82 | 21.03 | +9.79 |
| Martin ratioReturn relative to average drawdown | 56.95 | 41.31 | +15.64 |
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
| 3AMD.L | 2AMD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 12.48 | 9.26 | +3.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.44 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.48 | -0.43 |
Drawdowns
3AMD.L vs. 2AMD.L - Drawdown Comparison
The maximum 3AMD.L drawdown since its inception was -99.50%, which is greater than 2AMD.L's maximum drawdown of -91.38%. Use the drawdown chart below to compare losses from any high point for 3AMD.L and 2AMD.L.
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Drawdown Indicators
| 3AMD.L | 2AMD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.50% | -91.38% | -8.12% |
Max Drawdown (1Y)Largest decline over 1 year | -76.34% | -55.04% | -21.30% |
Max Drawdown (3Y)Largest decline over 3 years | -97.93% | -89.49% | -8.44% |
Max Drawdown (5Y)Largest decline over 5 years | — | -91.38% | — |
Current DrawdownCurrent decline from peak | -71.32% | -4.46% | -66.86% |
Average DrawdownAverage peak-to-trough decline | -84.94% | -54.54% | -30.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.40% | 28.08% | +13.32% |
Volatility
3AMD.L vs. 2AMD.L - Volatility Comparison
Leverage Shares 3x AMD ETC GBP (3AMD.L) has a higher volatility of 68.82% compared to Leverage Shares 2x Advanced Micro Devices ETC GBP (2AMD.L) at 46.51%. This indicates that 3AMD.L's price experiences larger fluctuations and is considered to be riskier than 2AMD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3AMD.L | 2AMD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 68.82% | 46.51% | +22.31% |
Volatility (6M)Calculated over the trailing 6-month period | 134.33% | 87.42% | +46.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 188.76% | 124.99% | +63.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 158.33% | 104.20% | +54.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 158.33% | 102.07% | +56.26% |
3AMD.L vs. 2AMD.L - Expense Ratio Comparison
Both 3AMD.L and 2AMD.L have an expense ratio of 0.75%.
Dividends
3AMD.L vs. 2AMD.L - Dividend Comparison
Neither 3AMD.L nor 2AMD.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.99, 3AMD.L and 2AMD.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
3AMD.L and 2AMD.L have the same expense ratio: 0.75% per year.
3AMD.L tracks iSTOXX Leveraged 3x AMD Index, while 2AMD.L tracks iSTOXX Leveraged 2X AMD Index.
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