3GOE.L vs. 2GOO.L
Compare and contrast key facts about Leverage Shares 3x Alphabet ETP Scs (3GOE.L) and Leverage Shares 2x Alphabet ETC A GBP (2GOO.L).
3GOE.L and 2GOO.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 3GOE.L is a passively managed fund by Leverage Shares that tracks the performance of the iSTOXX Leveraged 3X GOOG Index. It was launched on Jun 4, 2020. 2GOO.L is a passively managed fund by Leverage Shares that tracks the performance of the NYSE Leveraged 2x GOOG Index. It was launched on Dec 5, 2017. Both 3GOE.L and 2GOO.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
3GOE.L vs. 2GOO.L - Performance Comparison
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3GOE.L vs. 2GOO.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
3GOE.L Leverage Shares 3x Alphabet ETP Scs | -22.79% | 133.65% | 89.16% | 159.88% | -86.56% | 320.07% | 40.96% |
2GOO.L Leverage Shares 2x Alphabet ETC A GBP | -15.14% | 115.78% | 61.73% | 117.43% | -70.46% | 163.71% | 42.21% |
Different Trading Currencies
3GOE.L is traded in USD, while 2GOO.L is traded in GBp. To make them comparable, the 2GOO.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, 3GOE.L achieves a -22.79% return, which is significantly lower than 2GOO.L's -15.14% return.
3GOE.L
- 1D
- 13.98%
- 1M
- -11.42%
- YTD
- -22.79%
- 6M
- 52.60%
- 1Y
- 283.69%
- 3Y*
- 87.03%
- 5Y*
- 23.58%
- 10Y*
- —
2GOO.L
- 1D
- 9.56%
- 1M
- -7.89%
- YTD
- -15.14%
- 6M
- 37.20%
- 1Y
- 184.57%
- 3Y*
- 70.86%
- 5Y*
- 29.31%
- 10Y*
- —
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3GOE.L vs. 2GOO.L - Expense Ratio Comparison
Both 3GOE.L and 2GOO.L have an expense ratio of 0.75%.
Return for Risk
3GOE.L vs. 2GOO.L — Risk / Return Rank
3GOE.L
2GOO.L
3GOE.L vs. 2GOO.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Alphabet ETP Scs (3GOE.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.
| 3GOE.L | 2GOO.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.10 | 3.13 | -0.03 |
Sortino ratioReturn per unit of downside risk | 3.30 | 3.50 | -0.20 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.41 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 5.70 | 4.89 | +0.80 |
Martin ratioReturn relative to average drawdown | 19.04 | 17.64 | +1.40 |
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
| 3GOE.L | 2GOO.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.10 | 3.13 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.50 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.72 | -0.28 |
Correlation
The correlation between 3GOE.L and 2GOO.L is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
3GOE.L vs. 2GOO.L - Dividend Comparison
Neither 3GOE.L nor 2GOO.L has paid dividends to shareholders.
Drawdowns
3GOE.L vs. 2GOO.L - Drawdown Comparison
The maximum 3GOE.L drawdown since its inception was -88.62%, which is greater than 2GOO.L's maximum drawdown of -73.19%. Use the drawdown chart below to compare losses from any high point for 3GOE.L and 2GOO.L.
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Drawdown Indicators
| 3GOE.L | 2GOO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.62% | -69.73% | -18.89% |
Max Drawdown (1Y)Largest decline over 1 year | -51.18% | -35.69% | -15.49% |
Max Drawdown (5Y)Largest decline over 5 years | -88.62% | -69.73% | -18.89% |
Current DrawdownCurrent decline from peak | -40.10% | -26.34% | -13.76% |
Average DrawdownAverage peak-to-trough decline | -44.28% | -25.45% | -18.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.31% | 10.12% | +5.19% |
Volatility
3GOE.L vs. 2GOO.L - Volatility Comparison
Leverage Shares 3x Alphabet ETP Scs (3GOE.L) has a higher volatility of 24.37% compared to Leverage Shares 2x Alphabet ETC A GBP (2GOO.L) at 16.67%. This indicates that 3GOE.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
| 3GOE.L | 2GOO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.37% | 16.67% | +7.70% |
Volatility (6M)Calculated over the trailing 6-month period | 60.64% | 38.44% | +22.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 91.37% | 58.92% | +32.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 89.60% | 60.40% | +29.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.21% | 63.19% | +26.02% |