3BID.L vs. 2GOO.L
3BID.L (Leverage Shares 3x Baidu ETC GBP) and 2GOO.L (Leverage Shares 2x Alphabet ETC A GBP) are both Leveraged Equities funds from Leverage Shares - 3BID.L tracks the Solactive Leveraged 3x BIDU Index while 2GOO.L tracks the NYSE Leveraged 2x GOOG Index. Both are passively managed. Over the past 3 years, 3BID.L returned -52.39%/yr vs 66.60%/yr for 2GOO.L. At a 0.27 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3BID.L vs. 2GOO.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, 3BID.L achieves a -29.92% return, which is significantly lower than 2GOO.L's 28.19% return.
3BID.L
- 1D
- -5.04%
- 1M
- 4.03%
- YTD
- -29.92%
- 6M
- -6.51%
- 1Y
- 63.77%
- 3Y*
- -52.39%
- 5Y*
- —
- 10Y*
- —
2GOO.L
- 1D
- 6.74%
- 1M
- -9.16%
- YTD
- 28.19%
- 6M
- 23.76%
- 1Y
- 309.66%
- 3Y*
- 66.60%
- 5Y*
- 34.18%
- 10Y*
- —
3BID.L vs. 2GOO.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
3BID.L Leverage Shares 3x Baidu ETC GBP | -29.92% | 54.89% | -80.82% | -49.94% | -88.69% | -61.82% |
2GOO.L Leverage Shares 2x Alphabet ETC A GBP | 28.19% | 100.64% | 64.47% | 106.54% | -66.92% | 41.29% |
Correlation
The correlation between 3BID.L and 2GOO.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 | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2021 | 0.27 |
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
3BID.L vs. 2GOO.L — Risk / Return Rank
3BID.L
2GOO.L
3BID.L vs. 2GOO.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Baidu ETC GBP (3BID.L) and Leverage Shares 2x Alphabet ETC A GBP (2GOO.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.
| 3BID.L | 2GOO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.12 | ||
| Sortino ratioReturn per unit of downside risk | -3.57 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.61 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | 0.85 | 8.61 | -7.76 |
| Martin ratioReturn relative to average drawdown | 1.49 | 28.76 | -27.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| 3BID.L | 2GOO.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.46 | 5.57 | -5.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.45 | 0.85 | -1.30 |
Drawdowns
3BID.L vs. 2GOO.L - Drawdown Comparison
The maximum 3BID.L drawdown since its inception was -99.84%, which is greater than 2GOO.L's maximum drawdown of -69.73%. Use the drawdown chart below to compare losses from any high point for 3BID.L and 2GOO.L.
Loading charts...
Drawdown Indicators
| 3BID.L | 2GOO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.84% | -69.73% | -30.11% |
Max Drawdown (1Y)Largest decline over 1 year | -74.41% | -35.69% | -38.72% |
Max Drawdown (3Y)Largest decline over 3 years | -96.25% | -53.24% | -43.01% |
Max Drawdown (5Y)Largest decline over 5 years | — | -69.73% | — |
Current DrawdownCurrent decline from peak | -99.68% | -15.61% | -84.07% |
Average DrawdownAverage peak-to-trough decline | -91.43% | -24.97% | -66.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.73% | 10.71% | +32.02% |
Volatility
3BID.L vs. 2GOO.L - Volatility Comparison
Leverage Shares 3x Baidu ETC GBP (3BID.L) has a higher volatility of 55.32% compared to Leverage Shares 2x Alphabet ETC A GBP (2GOO.L) at 15.17%. This indicates that 3BID.L's price experiences larger fluctuations and is considered to be riskier than 2GOO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| 3BID.L | 2GOO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 55.32% | 15.17% | +40.15% |
Volatility (6M)Calculated over the trailing 6-month period | 100.16% | 35.51% | +64.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 139.35% | 55.17% | +84.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 147.39% | 59.11% | +88.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 147.39% | 61.82% | +85.57% |
3BID.L vs. 2GOO.L - Expense Ratio Comparison
Both 3BID.L and 2GOO.L have an expense ratio of 0.75%.
Dividends
3BID.L vs. 2GOO.L - Dividend Comparison
Neither 3BID.L nor 2GOO.L has paid dividends to shareholders.
Frequently Asked Questions
3BID.L and 2GOO.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.
3BID.L and 2GOO.L have the same expense ratio: 0.75% per year.
3BID.L tracks Solactive Leveraged 3x BIDU Index, while 2GOO.L tracks NYSE Leveraged 2x GOOG Index.
Find the right allocation for 3BID.L and 2GOO.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