3APE.L vs. 2BRE.L
3APE.L (Leverage Shares 3x Apple ETC EUR) and 2BRE.L (Leverage Shares 2x Long Berkshire Hathaway (BRK-B) ETC EUR) are both Leveraged Equities funds from Leverage Shares. 3APE.L is passively managed, while 2BRE.L is actively managed. Over the past 3 years, 3APE.L returned 16.10%/yr vs 11.31%/yr for 2BRE.L. At a 0.23 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3APE.L vs. 2BRE.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3APE.L achieves a 31.29% return, which is significantly higher than 2BRE.L's -13.89% return.
3APE.L
- 1D
- -1.27%
- 1M
- 34.25%
- YTD
- 31.29%
- 6M
- 18.06%
- 1Y
- 155.84%
- 3Y*
- 16.10%
- 5Y*
- 24.88%
- 10Y*
- —
2BRE.L
- 1D
- 0.62%
- 1M
- 3.98%
- YTD
- -13.89%
- 6M
- -14.34%
- 1Y
- -18.63%
- 3Y*
- 11.31%
- 5Y*
- —
- 10Y*
- —
3APE.L vs. 2BRE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
3APE.L Leverage Shares 3x Apple ETC EUR | 31.29% | -31.84% | 78.10% | 157.67% | -74.17% | 3.11% |
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 3APE.L and 2BRE.L is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2021 | 0.23 |
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Return for Risk
3APE.L vs. 2BRE.L — Risk / Return Rank
3APE.L
2BRE.L
3APE.L vs. 2BRE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Apple ETC EUR (3APE.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.
| 3APE.L | 2BRE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.92 | ||
| Sortino ratioReturn per unit of downside risk | +3.66 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 0.91 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 3.75 | -0.82 | +4.57 |
| Martin ratioReturn relative to average drawdown | 8.56 | -1.60 | +10.16 |
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
| 3APE.L | 2BRE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.26 | -0.66 | +2.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.30 | +0.01 |
Drawdowns
3APE.L vs. 2BRE.L - Drawdown Comparison
The maximum 3APE.L drawdown since its inception was -76.86%, 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 3APE.L and 2BRE.L.
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Drawdown Indicators
| 3APE.L | 2BRE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.86% | -40.62% | -36.24% |
Max Drawdown (1Y)Largest decline over 1 year | -41.29% | -22.65% | -18.64% |
Max Drawdown (3Y)Largest decline over 3 years | -73.89% | -39.67% | -34.22% |
Max Drawdown (5Y)Largest decline over 5 years | -76.86% | — | — |
Current DrawdownCurrent decline from peak | -13.02% | -37.26% | +24.24% |
Average DrawdownAverage peak-to-trough decline | -36.83% | -19.10% | -17.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.13% | 11.62% | +6.51% |
Volatility
3APE.L vs. 2BRE.L - Volatility Comparison
Leverage Shares 3x Apple ETC EUR (3APE.L) has a higher volatility of 15.15% compared to Leverage Shares 2x Long Berkshire Hathaway (BRK-B) ETC EUR (2BRE.L) at 7.24%. This indicates that 3APE.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
| 3APE.L | 2BRE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.15% | 7.24% | +7.91% |
Volatility (6M)Calculated over the trailing 6-month period | 49.36% | 20.36% | +29.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.52% | 28.18% | +40.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.99% | 37.23% | +42.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 84.29% | 37.23% | +47.06% |
3APE.L vs. 2BRE.L - Expense Ratio Comparison
Both 3APE.L and 2BRE.L have an expense ratio of 0.75%.
Dividends
3APE.L vs. 2BRE.L - Dividend Comparison
Neither 3APE.L nor 2BRE.L has paid dividends to shareholders.
Frequently Asked Questions
3APE.L and 2BRE.L have a correlation of 0.21, 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.
3APE.L and 2BRE.L have the same expense ratio: 0.75% per year.
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