3NFL.L vs. 2GOO.L
3NFL.L (Leverage Shares 3x Netflix ETP Securities GBP) and 2GOO.L (Leverage Shares 2x Alphabet ETC A GBP) are both Leveraged Equities funds from Leverage Shares - 3NFL.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, 3NFL.L returned 25.66%/yr vs 34.18%/yr for 2GOO.L. At a 0.32 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3NFL.L vs. 2GOO.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3NFL.L achieves a -45.91% return, which is significantly lower than 2GOO.L's 28.19% return.
3NFL.L
- 1D
- 3.30%
- 1M
- -19.80%
- YTD
- -45.91%
- 6M
- -59.90%
- 1Y
- -81.91%
- 3Y*
- 404.22%
- 5Y*
- 25.66%
- 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*
- —
3NFL.L vs. 2GOO.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
3NFL.L Leverage Shares 3x Netflix ETP Securities GBP | -45.91% | -39.94% | 323.42% | 22,926.07% | -99.45% | 15.85% | 30.94% |
2GOO.L Leverage Shares 2x Alphabet ETC A GBP | 28.19% | 100.64% | 64.47% | 106.54% | -66.92% | 166.13% | 31.17% |
Correlation
The correlation between 3NFL.L and 2GOO.L is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2020 | 0.32 |
The correlation between 3NFL.L and 2GOO.L shifts across timeframes, from -0.03 (1 year) to 0.32 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
3NFL.L vs. 2GOO.L — Risk / Return Rank
3NFL.L
2GOO.L
3NFL.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 GBP (3NFL.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.
| 3NFL.L | 2GOO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.43 | ||
| Sortino ratioReturn per unit of downside risk | -6.86 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 1.61 | -0.83 |
| Calmar ratioReturn relative to maximum drawdown | -0.95 | 8.61 | -9.56 |
| Martin ratioReturn relative to average drawdown | -1.39 | 28.76 | -30.14 |
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
| 3NFL.L | 2GOO.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.85 | 5.57 | -6.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 0.59 | -0.58 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.01 | 0.85 | -0.84 |
Drawdowns
3NFL.L vs. 2GOO.L - Drawdown Comparison
The maximum 3NFL.L drawdown since its inception was -99.86%, 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 3NFL.L and 2GOO.L.
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Drawdown Indicators
| 3NFL.L | 2GOO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.86% | -69.73% | -30.13% |
Max Drawdown (1Y)Largest decline over 1 year | -86.21% | -35.69% | -50.52% |
Max Drawdown (3Y)Largest decline over 3 years | -86.21% | -53.24% | -32.97% |
Max Drawdown (5Y)Largest decline over 5 years | -99.85% | -69.73% | -30.12% |
Current DrawdownCurrent decline from peak | -85.04% | -15.61% | -69.43% |
Average DrawdownAverage peak-to-trough decline | -52.09% | -24.97% | -27.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 59.16% | 10.71% | +48.45% |
Volatility
3NFL.L vs. 2GOO.L - Volatility Comparison
Leverage Shares 3x Netflix ETP Securities GBP (3NFL.L) has a higher volatility of 22.73% compared to Leverage Shares 2x Alphabet ETC A GBP (2GOO.L) at 15.17%. This indicates that 3NFL.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
| 3NFL.L | 2GOO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.73% | 15.17% | +7.56% |
Volatility (6M)Calculated over the trailing 6-month period | 78.67% | 35.51% | +43.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 96.08% | 55.17% | +40.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3,347.19% | 59.11% | +3,288.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3,063.98% | 61.82% | +3,002.16% |
3NFL.L vs. 2GOO.L - Expense Ratio Comparison
Both 3NFL.L and 2GOO.L have an expense ratio of 0.75%.
Dividends
3NFL.L vs. 2GOO.L - Dividend Comparison
Neither 3NFL.L nor 2GOO.L has paid dividends to shareholders.
Frequently Asked Questions
3NFL.L and 2GOO.L have a correlation of -0.03, 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.
3NFL.L and 2GOO.L have the same expense ratio: 0.75% per year.
3NFL.L tracks iSTOXX Leveraged 3X NFLX Index, while 2GOO.L tracks NYSE Leveraged 2x GOOG Index.
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