3BAL.L vs. 2AMD.L
3BAL.L (WisdomTree EURO STOXX Banks 3x Daily Leveraged) and 2AMD.L (Leverage Shares 2x Advanced Micro Devices ETC GBP) are both Leveraged Equities funds - 3BAL.L tracks the EURO STOXX Banks Daily Leverage 3 EUR Net Return Index while 2AMD.L tracks the iSTOXX Leveraged 2X AMD Index. Both are passively managed. Over the past 5 years, 3BAL.L returned 59.71%/yr vs 47.10%/yr for 2AMD.L. At a 0.23 correlation, their price movements are largely independent. 3BAL.L charges 0.89%/yr vs 0.75%/yr for 2AMD.L.
Performance
3BAL.L vs. 2AMD.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3BAL.L achieves a -1.51% return, which is significantly lower than 2AMD.L's 367.53% return.
3BAL.L
- 1D
- -4.27%
- 1M
- 14.54%
- YTD
- -1.51%
- 6M
- 16.46%
- 1Y
- 116.19%
- 3Y*
- 133.01%
- 5Y*
- 59.71%
- 10Y*
- —
2AMD.L
- 1D
- -2.70%
- 1M
- 111.14%
- YTD
- 367.53%
- 6M
- 343.35%
- 1Y
- 1,124.49%
- 3Y*
- 78.51%
- 5Y*
- 47.10%
- 10Y*
- —
3BAL.L vs. 2AMD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
3BAL.L WisdomTree EURO STOXX Banks 3x Daily Leveraged | -1.51% | 433.07% | 68.07% | 63.85% | -24.90% | 108.27% | 14.99% |
2AMD.L Leverage Shares 2x Advanced Micro Devices ETC GBP | 367.53% | 82.40% | -49.88% | 285.12% | -86.24% | 111.82% | 136.69% |
Correlation
The correlation between 3BAL.L and 2AMD.L is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2020 | 0.23 |
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Return for Risk
3BAL.L vs. 2AMD.L — Risk / Return Rank
3BAL.L
2AMD.L
3BAL.L vs. 2AMD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree EURO STOXX Banks 3x Daily Leveraged (3BAL.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.
| 3BAL.L | 2AMD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.28 | ||
| Sortino ratioReturn per unit of downside risk | -2.58 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.62 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | 20.21 | -17.77 |
| Martin ratioReturn relative to average drawdown | 6.62 | 39.69 | -33.07 |
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
| 3BAL.L | 2AMD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.61 | 8.89 | -7.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.45 | +0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.49 | -0.40 |
Drawdowns
3BAL.L vs. 2AMD.L - Drawdown Comparison
The maximum 3BAL.L drawdown since its inception was -97.78%, 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 3BAL.L and 2AMD.L.
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Drawdown Indicators
| 3BAL.L | 2AMD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.78% | -91.38% | -6.40% |
Max Drawdown (1Y)Largest decline over 1 year | -45.44% | -55.04% | +9.60% |
Max Drawdown (3Y)Largest decline over 3 years | -50.31% | -89.49% | +39.18% |
Max Drawdown (5Y)Largest decline over 5 years | -77.94% | -91.38% | +13.44% |
Current DrawdownCurrent decline from peak | -18.68% | -2.70% | -15.98% |
Average DrawdownAverage peak-to-trough decline | -66.25% | -54.47% | -11.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.77% | 28.08% | -11.31% |
Volatility
3BAL.L vs. 2AMD.L - Volatility Comparison
The current volatility for WisdomTree EURO STOXX Banks 3x Daily Leveraged (3BAL.L) is 18.85%, while Leverage Shares 2x Advanced Micro Devices ETC GBP (2AMD.L) has a volatility of 46.85%. This indicates that 3BAL.L experiences smaller price fluctuations and is considered to be less risky 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
| 3BAL.L | 2AMD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.85% | 46.85% | -28.00% |
Volatility (6M)Calculated over the trailing 6-month period | 54.46% | 87.72% | -33.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.79% | 125.09% | -56.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.94% | 104.26% | -29.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.85% | 102.06% | -19.21% |
3BAL.L vs. 2AMD.L - Expense Ratio Comparison
3BAL.L has a 0.89% expense ratio, which is higher than 2AMD.L's 0.75% expense ratio.
Dividends
3BAL.L vs. 2AMD.L - Dividend Comparison
Neither 3BAL.L nor 2AMD.L has paid dividends to shareholders.
Frequently Asked Questions
3BAL.L and 2AMD.L have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 2AMD.L is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
2AMD.L is cheaper with a 0.75% expense ratio, compared with 0.89% for 3BAL.L.
3BAL.L tracks EURO STOXX Banks Daily Leverage 3 EUR Net Return Index, while 2AMD.L tracks iSTOXX Leveraged 2X AMD Index. They also come from different issuers: WisdomTree and Leverage Shares. Their fees differ too: 0.89% for 3BAL.L and 0.75% for 2AMD.L.
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