3BAB.L vs. LUK2.L
3BAB.L (Leverage Shares 3x Alibaba ETC) and LUK2.L (L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF GBP (Acc)) are both Leveraged Equities funds - 3BAB.L tracks the iSTOXX Leveraged 3x BABA Index while LUK2.L tracks the FTSE 100 Daily Leveraged Index. Both are passively managed. Over the past 3 years, 3BAB.L returned -33.90%/yr vs 24.04%/yr for LUK2.L. At a 0.25 correlation, their price movements are largely independent. 3BAB.L charges 0.75%/yr vs 0.50%/yr for LUK2.L.
Performance
3BAB.L vs. LUK2.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, 3BAB.L achieves a -66.02% return, which is significantly lower than LUK2.L's 12.85% return.
3BAB.L
- 1D
- -8.58%
- 1M
- 6.70%
- 6M
- -74.43%
- YTD
- -66.02%
- 1Y
- -53.43%
- 3Y*
- -33.90%
- 5Y*
- —
- 10Y*
- —
LUK2.L
- 1D
- 0.67%
- 1M
- 1.34%
- 6M
- 6.53%
- YTD
- 12.85%
- 1Y
- 36.06%
- 3Y*
- 24.04%
- 5Y*
- 17.31%
- 10Y*
- 10.51%
3BAB.L vs. LUK2.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
3BAB.L Leverage Shares 3x Alibaba ETC | -66.02% | 109.01% | -18.41% | -40.40% |
LUK2.L L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF GBP (Acc) | 12.85% | 43.73% | 9.81% | -1.61% |
Correlation
The correlation between 3BAB.L and LUK2.L is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since May 24, 2023 | 0.25 |
The correlation between 3BAB.L and LUK2.L shifts across timeframes, from 0.11 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
3BAB.L vs. LUK2.L — Risk / Return Rank
3BAB.L
LUK2.L
3BAB.L vs. LUK2.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Alibaba ETC (3BAB.L) and L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF GBP (Acc) (LUK2.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.
| 3BAB.L | LUK2.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.00 | ||
| Sortino ratioReturn per unit of downside risk | -2.11 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.29 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | 1.94 | -2.51 |
| Martin ratioReturn relative to average drawdown | -0.91 | 5.67 | -6.58 |
Loading charts...
Drawdowns
3BAB.L vs. LUK2.L - Drawdown Comparison
The maximum 3BAB.L drawdown since its inception was -92.05%, which is greater than LUK2.L's maximum drawdown of -58.84%. Use the drawdown chart below to compare losses from any high point for 3BAB.L and LUK2.L.
Loading charts...
Drawdown Indicators
| 3BAB.L | LUK2.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.05% | -58.84% | -33.21% |
Max Drawdown (1Y)Largest decline over 1 year | -92.05% | -18.55% | -73.50% |
Max Drawdown (3Y)Largest decline over 3 years | -92.05% | -25.42% | -66.63% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.42% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -58.84% | — |
Current DrawdownCurrent decline from peak | -86.71% | -6.16% | -80.55% |
Average DrawdownAverage peak-to-trough decline | -54.89% | -10.67% | -44.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 58.39% | 6.34% | +52.05% |
Volatility
3BAB.L vs. LUK2.L - Volatility Comparison
Leverage Shares 3x Alibaba ETC (3BAB.L) has a higher volatility of 43.92% compared to L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF GBP (Acc) (LUK2.L) at 5.83%. This indicates that 3BAB.L's price experiences larger fluctuations and is considered to be riskier than LUK2.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| 3BAB.L | LUK2.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 43.92% | 5.83% | +38.09% |
Volatility (6M)Calculated over the trailing 6-month period | 89.84% | 19.66% | +70.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 130.18% | 22.62% | +107.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 127.47% | 25.60% | +101.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 127.47% | 29.65% | +97.82% |
3BAB.L vs. LUK2.L - Expense Ratio Comparison
3BAB.L has a 0.75% expense ratio, which is higher than LUK2.L's 0.50% expense ratio.
Dividends
3BAB.L vs. LUK2.L - Dividend Comparison
Neither 3BAB.L nor LUK2.L has paid dividends to shareholders.
Frequently Asked Questions
3BAB.L and LUK2.L have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LUK2.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LUK2.L is cheaper with a 0.50% expense ratio, compared with 0.75% for 3BAB.L.
3BAB.L tracks iSTOXX Leveraged 3x BABA Index, while LUK2.L tracks FTSE 100 Daily Leveraged Index. They also come from different issuers: Leverage Shares and L&G. Their fees differ too: 0.75% for 3BAB.L and 0.50% for LUK2.L.
Find the right allocation for 3BAB.L and LUK2.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer