3MSF.L vs. 2GOO.L
3MSF.L (Leverage Shares 3x Microsoft ETP GBP) and 2GOO.L (Leverage Shares 2x Alphabet ETC A GBP) are both Leveraged Equities funds from Leverage Shares - 3MSF.L tracks the iSTOXX Leveraged 3X MSFT Index while 2GOO.L tracks the NYSE Leveraged 2x GOOG Index. Both are passively managed. Over the past 5 years, 3MSF.L returned 0.77%/yr vs 32.44%/yr for 2GOO.L. A 0.54 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.
Performance
3MSF.L vs. 2GOO.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3MSF.L achieves a -45.14% return, which is significantly lower than 2GOO.L's 20.10% return.
3MSF.L
- 1D
- -11.81%
- 1M
- 6.51%
- YTD
- -45.14%
- 6M
- -44.62%
- 1Y
- -44.21%
- 3Y*
- -9.44%
- 5Y*
- 0.77%
- 10Y*
- —
2GOO.L
- 1D
- -4.82%
- 1M
- -13.15%
- YTD
- 20.10%
- 6M
- 13.88%
- 1Y
- 280.03%
- 3Y*
- 65.10%
- 5Y*
- 32.44%
- 10Y*
- —
3MSF.L vs. 2GOO.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
3MSF.L Leverage Shares 3x Microsoft ETP GBP | -45.14% | -1.14% | 15.47% | 170.19% | -74.05% | 203.49% | 36.73% |
2GOO.L Leverage Shares 2x Alphabet ETC A GBP | 20.10% | 100.64% | 64.47% | 106.54% | -66.92% | 166.13% | 31.17% |
Correlation
The correlation between 3MSF.L and 2GOO.L is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2020 | 0.54 |
Over the past year, the correlation between 3MSF.L and 2GOO.L has dropped to 0.18 - well below their long-term average of 0.54, suggesting their price drivers have been diverging.
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Return for Risk
3MSF.L vs. 2GOO.L — Risk / Return Rank
3MSF.L
2GOO.L
3MSF.L vs. 2GOO.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Microsoft ETP GBP (3MSF.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.
| 3MSF.L | 2GOO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.57 | ||
| Sortino ratioReturn per unit of downside risk | -5.27 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.58 | -0.62 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | 7.79 | -8.35 |
| Martin ratioReturn relative to average drawdown | -0.93 | 26.12 | -27.05 |
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
| 3MSF.L | 2GOO.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.50 | 5.07 | -5.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 0.56 | -0.55 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | 0.82 | -0.69 |
Drawdowns
3MSF.L vs. 2GOO.L - Drawdown Comparison
The maximum 3MSF.L drawdown since its inception was -81.42%, 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 3MSF.L and 2GOO.L.
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Drawdown Indicators
| 3MSF.L | 2GOO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.42% | -69.73% | -11.69% |
Max Drawdown (1Y)Largest decline over 1 year | -79.39% | -35.69% | -43.70% |
Max Drawdown (3Y)Largest decline over 3 years | -79.39% | -53.24% | -26.15% |
Max Drawdown (5Y)Largest decline over 5 years | -81.42% | -69.73% | -11.69% |
Current DrawdownCurrent decline from peak | -68.80% | -20.94% | -47.86% |
Average DrawdownAverage peak-to-trough decline | -36.10% | -24.97% | -11.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 47.63% | 10.67% | +36.96% |
Volatility
3MSF.L vs. 2GOO.L - Volatility Comparison
Leverage Shares 3x Microsoft ETP GBP (3MSF.L) has a higher volatility of 31.08% compared to Leverage Shares 2x Alphabet ETC A GBP (2GOO.L) at 13.58%. This indicates that 3MSF.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
| 3MSF.L | 2GOO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 31.08% | 13.58% | +17.50% |
Volatility (6M)Calculated over the trailing 6-month period | 75.06% | 34.93% | +40.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 88.42% | 54.88% | +33.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 80.52% | 59.04% | +21.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 80.24% | 61.78% | +18.46% |
3MSF.L vs. 2GOO.L - Expense Ratio Comparison
Both 3MSF.L and 2GOO.L have an expense ratio of 0.75%.
Dividends
3MSF.L vs. 2GOO.L - Dividend Comparison
Neither 3MSF.L nor 2GOO.L has paid dividends to shareholders.
Frequently Asked Questions
3MSF.L and 2GOO.L have a correlation of 0.18, 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.
3MSF.L and 2GOO.L have the same expense ratio: 0.75% per year.
3MSF.L tracks iSTOXX Leveraged 3X MSFT Index, while 2GOO.L tracks NYSE Leveraged 2x GOOG Index.
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