3NFE.L vs. 2GOO.L
3NFE.L (Leverage Shares 3x Netflix ETP Securities EUR) and 2GOO.L (Leverage Shares 2x Alphabet ETC A GBP) are both Leveraged Equities funds from Leverage Shares - 3NFE.L tracks the iSTOXX Leveraged 3X NFLX Index while 2GOO.L tracks the NYSE Leveraged 2x GOOG Index. Both are passively managed. Over the past 5 years, 3NFE.L returned -47.15%/yr vs 34.01%/yr for 2GOO.L. At a 0.33 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3NFE.L vs. 2GOO.L - Performance Comparison
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Different Trading Currencies
3NFE.L is traded in EUR, while 2GOO.L is traded in GBp. To make them comparable, the 2GOO.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, 3NFE.L achieves a -45.74% return, which is significantly lower than 2GOO.L's 29.34% return.
3NFE.L
- 1D
- 2.63%
- 1M
- -20.34%
- YTD
- -45.74%
- 6M
- -60.00%
- 1Y
- -82.47%
- 3Y*
- 19.35%
- 5Y*
- -47.15%
- 10Y*
- —
2GOO.L
- 1D
- 6.64%
- 1M
- -9.33%
- YTD
- 29.34%
- 6M
- 25.01%
- 1Y
- 298.94%
- 3Y*
- 66.35%
- 5Y*
- 34.01%
- 10Y*
- —
3NFE.L vs. 2GOO.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
3NFE.L Leverage Shares 3x Netflix ETP Securities EUR | -45.74% | -42.85% | 343.40% | 211.89% | -99.47% | 23.97% | 31.07% |
2GOO.L Leverage Shares 2x Alphabet ETC A GBP | 29.34% | 90.17% | 72.41% | 110.91% | -68.63% | 183.44% | 31.94% |
Correlation
The correlation between 3NFE.L and 2GOO.L is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2020 | 0.33 |
The correlation between 3NFE.L and 2GOO.L shifts across timeframes, from -0.02 (1 year) to 0.33 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
3NFE.L vs. 2GOO.L — Risk / Return Rank
3NFE.L
2GOO.L
3NFE.L vs. 2GOO.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Netflix ETP Securities EUR (3NFE.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.
| 3NFE.L | 2GOO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.19 | ||
| Sortino ratioReturn per unit of downside risk | -6.74 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 1.60 | -0.82 |
| Calmar ratioReturn relative to maximum drawdown | -0.95 | 8.21 | -9.16 |
| Martin ratioReturn relative to average drawdown | -1.38 | 27.08 | -28.46 |
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
| 3NFE.L | 2GOO.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.86 | 5.33 | -6.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.38 | 0.58 | -0.96 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.35 | 0.85 | -1.20 |
Drawdowns
3NFE.L vs. 2GOO.L - Drawdown Comparison
The maximum 3NFE.L drawdown since its inception was -99.86%, which is greater than 2GOO.L's maximum drawdown of -71.16%. Use the drawdown chart below to compare losses from any high point for 3NFE.L and 2GOO.L.
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Drawdown Indicators
| 3NFE.L | 2GOO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.86% | -71.16% | -28.70% |
Max Drawdown (1Y)Largest decline over 1 year | -86.42% | -36.15% | -50.27% |
Max Drawdown (3Y)Largest decline over 3 years | -86.42% | -54.68% | -31.74% |
Max Drawdown (5Y)Largest decline over 5 years | -99.86% | -71.16% | -28.70% |
Current DrawdownCurrent decline from peak | -98.45% | -15.35% | -83.10% |
Average DrawdownAverage peak-to-trough decline | -82.10% | -25.97% | -56.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 59.67% | 10.98% | +48.69% |
Volatility
3NFE.L vs. 2GOO.L - Volatility Comparison
Leverage Shares 3x Netflix ETP Securities EUR (3NFE.L) has a higher volatility of 22.67% compared to Leverage Shares 2x Alphabet ETC A GBP (2GOO.L) at 15.02%. This indicates that 3NFE.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
| 3NFE.L | 2GOO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.67% | 15.02% | +7.65% |
Volatility (6M)Calculated over the trailing 6-month period | 78.25% | 35.96% | +42.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 95.74% | 55.73% | +40.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 124.78% | 59.64% | +65.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 122.69% | 62.56% | +60.13% |
3NFE.L vs. 2GOO.L - Expense Ratio Comparison
Both 3NFE.L and 2GOO.L have an expense ratio of 0.75%.
Dividends
3NFE.L vs. 2GOO.L - Dividend Comparison
Neither 3NFE.L nor 2GOO.L has paid dividends to shareholders.
Frequently Asked Questions
3NFE.L and 2GOO.L have a correlation of -0.02, 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.
3NFE.L and 2GOO.L have the same expense ratio: 0.75% per year.
3NFE.L tracks iSTOXX Leveraged 3X NFLX Index, while 2GOO.L tracks NYSE Leveraged 2x GOOG Index.
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