3AMD.L vs. 2NFL.L
3AMD.L (Leverage Shares 3x AMD ETC GBP) and 2NFL.L (Leverage Shares 2x Netflix ETC A GBP) are both Leveraged Equities funds from Leverage Shares - 3AMD.L tracks the iSTOXX Leveraged 3x AMD Index while 2NFL.L tracks the NYSE Leveraged 2x NFLX Index. Both are passively managed. Over the past 5 years, 3AMD.L returned 2.84%/yr vs -12.56%/yr for 2NFL.L. At a 0.30 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3AMD.L vs. 2NFL.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3AMD.L achieves a 508.72% return, which is significantly higher than 2NFL.L's -44.10% return.
3AMD.L
- 1D
- -15.14%
- 1M
- 13.24%
- YTD
- 508.72%
- 6M
- 499.68%
- 1Y
- 1,400.00%
- 3Y*
- 61.60%
- 5Y*
- 2.84%
- 10Y*
- —
2NFL.L
- 1D
- -1.82%
- 1M
- -32.42%
- YTD
- -44.10%
- 6M
- -44.04%
- 1Y
- -71.49%
- 3Y*
- 17.14%
- 5Y*
- -12.56%
- 10Y*
- —
3AMD.L vs. 2NFL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
3AMD.L Leverage Shares 3x AMD ETC GBP | 508.72% | 53.76% | -76.38% | 448.82% | -97.41% | 341.88% |
2NFL.L Leverage Shares 2x Netflix ETC A GBP | -44.10% | -20.02% | 192.97% | 115.23% | -87.10% | 52.77% |
Correlation
The correlation between 3AMD.L and 2NFL.L is 0.03, 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 | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2021 | 0.30 |
Over the past year, the correlation between 3AMD.L and 2NFL.L has dropped to 0.03 - well below their long-term average of 0.30, suggesting their price drivers have been diverging.
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Return for Risk
3AMD.L vs. 2NFL.L — Risk / Return Rank
3AMD.L
2NFL.L
3AMD.L vs. 2NFL.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 Netflix ETC A GBP (2NFL.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| 3AMD.L | 2NFL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +8.26 | ||
| Sortino ratioReturn per unit of downside risk | +6.20 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 0.74 | +0.78 |
| Calmar ratioReturn relative to maximum drawdown | 18.13 | -0.96 | +19.09 |
| Martin ratioReturn relative to average drawdown | 33.23 | -1.52 | +34.75 |
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Drawdowns
3AMD.L vs. 2NFL.L - Drawdown Comparison
The maximum 3AMD.L drawdown since its inception was -99.50%, roughly equal to the maximum 2NFL.L drawdown of -95.91%. Use the drawdown chart below to compare losses from any high point for 3AMD.L and 2NFL.L.
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Drawdown Indicators
| 3AMD.L | 2NFL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.50% | -95.91% | -3.59% |
Max Drawdown (1Y)Largest decline over 1 year | -76.34% | -74.41% | -1.93% |
Max Drawdown (3Y)Largest decline over 3 years | -97.93% | -74.41% | -23.52% |
Max Drawdown (5Y)Largest decline over 5 years | -99.50% | -95.91% | -3.59% |
Current DrawdownCurrent decline from peak | -76.97% | -74.41% | -2.56% |
Average DrawdownAverage peak-to-trough decline | -83.29% | -51.58% | -31.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.73% | 46.99% | -5.26% |
Volatility
3AMD.L vs. 2NFL.L - Volatility Comparison
Leverage Shares 3x AMD ETC GBP (3AMD.L) has a higher volatility of 58.64% compared to Leverage Shares 2x Netflix ETC A GBP (2NFL.L) at 15.88%. This indicates that 3AMD.L's price experiences larger fluctuations and is considered to be riskier than 2NFL.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 | 2NFL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 58.64% | 15.88% | +42.76% |
Volatility (6M)Calculated over the trailing 6-month period | 142.38% | 51.83% | +90.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 193.33% | 64.76% | +128.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 160.13% | 92.29% | +67.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 159.34% | 87.72% | +71.62% |
3AMD.L vs. 2NFL.L - Expense Ratio Comparison
Both 3AMD.L and 2NFL.L have an expense ratio of 0.75%.
Dividends
3AMD.L vs. 2NFL.L - Dividend Comparison
Neither 3AMD.L nor 2NFL.L has paid dividends to shareholders.
Frequently Asked Questions
3AMD.L and 2NFL.L have a correlation of 0.03, 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.
3AMD.L and 2NFL.L have the same expense ratio: 0.75% per year.
3AMD.L tracks iSTOXX Leveraged 3x AMD Index, while 2NFL.L tracks NYSE Leveraged 2x NFLX Index.
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