3GOO.L vs. 2MU.L
3GOO.L (Leverage Shares 3x Alphabet ETC GBP) and 2MU.L (Leverage Shares 2x Micron Technology ETC GBP) are both Leveraged Equities funds from Leverage Shares - 3GOO.L tracks the iSTOXX Leveraged 3X GOOG Index while 2MU.L tracks the iSTOXX Leveraged 2X MU Index. Both are passively managed. Over the past 5 years, 3GOO.L returned 30.26%/yr vs 95.03%/yr for 2MU.L. At a 0.35 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3GOO.L vs. 2MU.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3GOO.L achieves a 34.83% return, which is significantly lower than 2MU.L's 783.72% return.
3GOO.L
- 1D
- 8.98%
- 1M
- -15.53%
- YTD
- 34.83%
- 6M
- 27.25%
- 1Y
- 608.54%
- 3Y*
- 85.26%
- 5Y*
- 30.26%
- 10Y*
- —
2MU.L
- 1D
- -10.80%
- 1M
- 128.37%
- YTD
- 783.72%
- 6M
- 1,297.06%
- 1Y
- 5,521.30%
- 3Y*
- 288.49%
- 5Y*
- 95.03%
- 10Y*
- —
3GOO.L vs. 2MU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
3GOO.L Leverage Shares 3x Alphabet ETC GBP | 34.83% | 146.08% | 80.34% | 154.87% | -85.80% | 293.65% | 12.30% |
2MU.L Leverage Shares 2x Micron Technology ETC GBP | 783.72% | 550.25% | -30.59% | 142.95% | -76.42% | 45.29% | 145.20% |
Correlation
The correlation between 3GOO.L and 2MU.L is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Aug 26, 2020 | 0.35 |
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Return for Risk
3GOO.L vs. 2MU.L — Risk / Return Rank
3GOO.L
2MU.L
3GOO.L vs. 2MU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Alphabet ETC GBP (3GOO.L) and Leverage Shares 2x Micron Technology ETC GBP (2MU.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.
| 3GOO.L | 2MU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -35.26 | ||
| Sortino ratioReturn per unit of downside risk | -2.19 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.90 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 11.92 | 102.11 | -90.20 |
| Martin ratioReturn relative to average drawdown | 37.79 | 363.67 | -325.88 |
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
| 3GOO.L | 2MU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 7.23 | 42.49 | -35.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.91 | -0.56 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.95 | -0.40 |
Drawdowns
3GOO.L vs. 2MU.L - Drawdown Comparison
The maximum 3GOO.L drawdown since its inception was -88.06%, roughly equal to the maximum 2MU.L drawdown of -89.16%. Use the drawdown chart below to compare losses from any high point for 3GOO.L and 2MU.L.
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Drawdown Indicators
| 3GOO.L | 2MU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.06% | -89.16% | +1.10% |
Max Drawdown (1Y)Largest decline over 1 year | -50.61% | -53.20% | +2.59% |
Max Drawdown (3Y)Largest decline over 3 years | -68.88% | -89.16% | +20.28% |
Max Drawdown (5Y)Largest decline over 5 years | -88.06% | -89.16% | +1.10% |
Current DrawdownCurrent decline from peak | -23.69% | -10.80% | -12.89% |
Average DrawdownAverage peak-to-trough decline | -44.53% | -44.84% | +0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.99% | 14.97% | +1.02% |
Volatility
3GOO.L vs. 2MU.L - Volatility Comparison
The current volatility for Leverage Shares 3x Alphabet ETC GBP (3GOO.L) is 22.98%, while Leverage Shares 2x Micron Technology ETC GBP (2MU.L) has a volatility of 46.25%. This indicates that 3GOO.L experiences smaller price fluctuations and is considered to be less risky than 2MU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3GOO.L | 2MU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.98% | 46.25% | -23.27% |
Volatility (6M)Calculated over the trailing 6-month period | 53.81% | 97.07% | -43.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 83.45% | 127.89% | -44.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 89.52% | 104.82% | -15.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.77% | 100.87% | -11.10% |
3GOO.L vs. 2MU.L - Expense Ratio Comparison
Both 3GOO.L and 2MU.L have an expense ratio of 0.75%.
Dividends
3GOO.L vs. 2MU.L - Dividend Comparison
Neither 3GOO.L nor 2MU.L has paid dividends to shareholders.
Frequently Asked Questions
3GOO.L and 2MU.L have a correlation of 0.30, 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.
3GOO.L and 2MU.L have the same expense ratio: 0.75% per year.
3GOO.L tracks iSTOXX Leveraged 3X GOOG Index, while 2MU.L tracks iSTOXX Leveraged 2X MU Index.
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