3FB.L vs. 2GOO.L
3FB.L (Leverage Shares 3x Facebook ETC GBP) and 2GOO.L (Leverage Shares 2x Alphabet ETC A GBP) are both Leveraged Equities funds from Leverage Shares - 3FB.L tracks the iSTOXX Leveraged 3X FB Index while 2GOO.L tracks the NYSE Leveraged 2x GOOG Index. Both are passively managed. Over the past 5 years, 3FB.L returned -31.83%/yr vs 34.18%/yr for 2GOO.L. A 0.53 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.
Performance
3FB.L vs. 2GOO.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3FB.L achieves a -32.02% return, which is significantly lower than 2GOO.L's 28.19% return.
3FB.L
- 1D
- 11.21%
- 1M
- 14.30%
- YTD
- -32.02%
- 6M
- -33.99%
- 1Y
- -51.73%
- 3Y*
- 32.30%
- 5Y*
- -31.83%
- 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*
- —
3FB.L vs. 2GOO.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
3FB.L Leverage Shares 3x Facebook ETC GBP | -32.02% | -29.04% | 176.41% | 1,413.26% | -99.33% | 51.44% | -19.13% |
2GOO.L Leverage Shares 2x Alphabet ETC A GBP | 28.19% | 100.64% | 64.47% | 106.54% | -66.92% | 166.13% | 11.79% |
Correlation
The correlation between 3FB.L and 2GOO.L is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Aug 25, 2020 | 0.53 |
Over the past year, the correlation between 3FB.L and 2GOO.L has dropped to 0.31 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.
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Return for Risk
3FB.L vs. 2GOO.L — Risk / Return Rank
3FB.L
2GOO.L
3FB.L vs. 2GOO.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Facebook ETC GBP (3FB.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.
| 3FB.L | 2GOO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.09 | ||
| Sortino ratioReturn per unit of downside risk | -5.56 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.61 | -0.65 |
| Calmar ratioReturn relative to maximum drawdown | -0.66 | 8.61 | -9.27 |
| Martin ratioReturn relative to average drawdown | -1.11 | 28.76 | -29.86 |
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
| 3FB.L | 2GOO.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.51 | 5.57 | -6.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.25 | 0.59 | -0.84 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.22 | 0.85 | -1.06 |
Drawdowns
3FB.L vs. 2GOO.L - Drawdown Comparison
The maximum 3FB.L drawdown since its inception was -99.77%, 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 3FB.L and 2GOO.L.
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Drawdown Indicators
| 3FB.L | 2GOO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.77% | -69.73% | -30.04% |
Max Drawdown (1Y)Largest decline over 1 year | -78.00% | -35.69% | -42.31% |
Max Drawdown (3Y)Largest decline over 3 years | -82.94% | -53.24% | -29.70% |
Max Drawdown (5Y)Largest decline over 5 years | -99.77% | -69.73% | -30.04% |
Current DrawdownCurrent decline from peak | -90.96% | -15.61% | -75.35% |
Average DrawdownAverage peak-to-trough decline | -74.45% | -24.97% | -49.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.72% | 10.71% | +36.01% |
Volatility
3FB.L vs. 2GOO.L - Volatility Comparison
Leverage Shares 3x Facebook ETC GBP (3FB.L) has a higher volatility of 21.78% compared to Leverage Shares 2x Alphabet ETC A GBP (2GOO.L) at 15.17%. This indicates that 3FB.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.
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Volatility by Period
| 3FB.L | 2GOO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.78% | 15.17% | +6.61% |
Volatility (6M)Calculated over the trailing 6-month period | 78.08% | 35.51% | +42.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 100.83% | 55.17% | +45.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 126.34% | 59.11% | +67.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 123.55% | 61.82% | +61.73% |
3FB.L vs. 2GOO.L - Expense Ratio Comparison
Both 3FB.L and 2GOO.L have an expense ratio of 0.75%.
Dividends
3FB.L vs. 2GOO.L - Dividend Comparison
Neither 3FB.L nor 2GOO.L has paid dividends to shareholders.
Frequently Asked Questions
3FB.L and 2GOO.L have a correlation of 0.31, 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.
3FB.L and 2GOO.L have the same expense ratio: 0.75% per year.
3FB.L tracks iSTOXX Leveraged 3X FB Index, while 2GOO.L tracks NYSE Leveraged 2x GOOG Index.
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