3CON.L vs. 2BRE.L

Last updated Apr 1, 2026

Compare and contrast key facts about Leverage Shares 3x Long Coinbase (COIN) ETP Securities GBP (3CON.L) and Leverage Shares 2x Long Berkshire Hathaway (BRK-B) ETC EUR (2BRE.L).

3CON.L and 2BRE.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 3CON.L is a passively managed fund by Leverage Shares that tracks the performance of the iSTOXX Leveraged 3x COIN Index. It was launched on Dec 10, 2021. 2BRE.L is an actively managed fund by Leverage Shares. It was launched on Dec 10, 2021.

Performance

3CON.L vs. 2BRE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Leverage Shares 3x Long Coinbase (COIN) ETP Securities GBP (3CON.L) and Leverage Shares 2x Long Berkshire Hathaway (BRK-B) ETC EUR (2BRE.L). The values are adjusted to include any dividend payments, if applicable.

3CON.L vs. 2BRE.L - Yearly Performance Comparison

	2026 (YTD)	2025
3CON.L Leverage Shares 3x Long Coinbase (COIN) ETP Securities GBP	-78.45%	-22.24%
2BRE.L Leverage Shares 2x Long Berkshire Hathaway (BRK-B) ETC EUR	-11.36%	-4.57%

Different Trading Currencies

3CON.L is traded in GBp, while 2BRE.L is traded in EUR. To make them comparable, the 2BRE.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, 3CON.L achieves a -78.45% return, which is significantly lower than 2BRE.L's -11.36% return.

3CON.L

• 1D: 5.80%
• 1M: -29.38%
• YTD: -78.45%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

2BRE.L

• 1D: -0.38%
• 1M: -9.98%
• YTD: -11.36%
• 6M: -12.96%
• 1Y: -30.73%
• 3Y*: 17.35%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

3CON.L vs. 2BRE.L - Expense Ratio Comparison

Both 3CON.L and 2BRE.L have an expense ratio of 0.75%.

3CON.L

Leverage Shares 3x Long Coinbase (COIN) ETP Securities GBP

2BRE.L

Leverage Shares 2x Long Berkshire Hathaway (BRK-B) ETC EUR

Return for Risk

3CON.L vs. 2BRE.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

2BRE.L

2BRE.L Risk / Return Rank: 1
2BRE.L Sharpe Ratio Rank: 1
2BRE.L Sortino Ratio Rank: 1
2BRE.L Omega Ratio Rank: 1
2BRE.L Calmar Ratio Rank: 0
2BRE.L Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

3CON.L vs. 2BRE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long Coinbase (COIN) ETP Securities GBP (3CON.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	3CON.L	2BRE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.85	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.47	0.36	-0.83

Correlation

The correlation between 3CON.L and 2BRE.L is -0.07. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

3CON.L vs. 2BRE.L - Dividend Comparison

Neither 3CON.L nor 2BRE.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

3CON.L vs. 2BRE.L - Drawdown Comparison

The maximum 3CON.L drawdown since its inception was -91.21%, which is greater than 2BRE.L's maximum drawdown of -39.82%. Use the drawdown chart below to compare losses from any high point for 3CON.L and 2BRE.L.

Drawdown Indicators

	3CON.L	2BRE.L	Difference
Max Drawdown Largest peak-to-trough decline	-91.21%	-40.62%	-50.59%
Max Drawdown (1Y) Largest decline over 1 year	—	-35.86%	—
Current Drawdown Current decline from peak	-88.69%	-35.68%	-53.01%
Average Drawdown Average peak-to-trough decline	-57.77%	-18.34%	-39.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	26.12%	—

Volatility

Volatility by Period

	3CON.L	2BRE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.12%	—
Volatility (6M) Calculated over the trailing 6-month period	—	21.65%	—
Volatility (1Y) Calculated over the trailing 1-year period	212.60%	35.91%	+176.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	212.60%	37.69%	+174.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	212.60%	37.69%	+174.91%