3ARE.L vs. 2BRE.L
3ARE.L (Leverage Shares 3x Long ARK Innovation ETC EUR) and 2BRE.L (Leverage Shares 2x Long Berkshire Hathaway (BRK-B) ETC EUR) are both Leveraged Equities funds from Leverage Shares. Both are actively managed. Over the past 3 years, 3ARE.L returned 0.56%/yr vs 11.31%/yr for 2BRE.L. At a 0.15 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3ARE.L vs. 2BRE.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3ARE.L achieves a -10.77% return, which is significantly higher than 2BRE.L's -13.89% return.
3ARE.L
- 1D
- 10.69%
- 1M
- 11.54%
- YTD
- -10.77%
- 6M
- -25.83%
- 1Y
- 51.44%
- 3Y*
- 0.56%
- 5Y*
- —
- 10Y*
- —
2BRE.L
- 1D
- 0.62%
- 1M
- 3.98%
- YTD
- -13.89%
- 6M
- -14.34%
- 1Y
- -18.63%
- 3Y*
- 11.31%
- 5Y*
- —
- 10Y*
- —
3ARE.L vs. 2BRE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
3ARE.L Leverage Shares 3x Long ARK Innovation ETC EUR | -10.77% | -2.23% | -24.41% | 184.23% | -99.25% | 7.89% |
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 3ARE.L and 2BRE.L is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2021 | 0.15 |
The correlation between 3ARE.L and 2BRE.L shifts across timeframes, from -0.13 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
3ARE.L vs. 2BRE.L — Risk / Return Rank
3ARE.L
2BRE.L
3ARE.L vs. 2BRE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long ARK Innovation ETC EUR (3ARE.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.
| 3ARE.L | 2BRE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.17 | ||
| Sortino ratioReturn per unit of downside risk | +2.18 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.91 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.70 | -0.82 | +1.51 |
| Martin ratioReturn relative to average drawdown | 1.22 | -1.60 | +2.82 |
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
| 3ARE.L | 2BRE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.52 | -0.66 | +1.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.46 | 0.30 | -0.77 |
Drawdowns
3ARE.L vs. 2BRE.L - Drawdown Comparison
The maximum 3ARE.L drawdown since its inception was -99.62%, 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 3ARE.L and 2BRE.L.
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Drawdown Indicators
| 3ARE.L | 2BRE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.62% | -40.62% | -59.00% |
Max Drawdown (1Y)Largest decline over 1 year | -73.63% | -22.65% | -50.98% |
Max Drawdown (3Y)Largest decline over 3 years | -82.57% | -39.67% | -42.90% |
Current DrawdownCurrent decline from peak | -98.68% | -37.26% | -61.42% |
Average DrawdownAverage peak-to-trough decline | -95.64% | -19.10% | -76.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.09% | 11.62% | +30.47% |
Volatility
3ARE.L vs. 2BRE.L - Volatility Comparison
Leverage Shares 3x Long ARK Innovation ETC EUR (3ARE.L) has a higher volatility of 27.63% compared to Leverage Shares 2x Long Berkshire Hathaway (BRK-B) ETC EUR (2BRE.L) at 7.24%. This indicates that 3ARE.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
| 3ARE.L | 2BRE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.63% | 7.24% | +20.39% |
Volatility (6M)Calculated over the trailing 6-month period | 67.98% | 20.36% | +47.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 99.36% | 28.18% | +71.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 131.55% | 37.23% | +94.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 131.55% | 37.23% | +94.32% |
3ARE.L vs. 2BRE.L - Expense Ratio Comparison
Both 3ARE.L and 2BRE.L have an expense ratio of 0.75%.
Dividends
3ARE.L vs. 2BRE.L - Dividend Comparison
Neither 3ARE.L nor 2BRE.L has paid dividends to shareholders.
Frequently Asked Questions
3ARE.L and 2BRE.L have a correlation of -0.13, 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.
3ARE.L and 2BRE.L have the same expense ratio: 0.75% per year.
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