3NVD.L vs. 2GOO.L
3NVD.L (Leverage Shares 3x NVIDIA ETP Securities GBP) and 2GOO.L (Leverage Shares 2x Alphabet ETC A GBP) are both Leveraged Equities funds from Leverage Shares - 3NVD.L tracks the iSTOXX Leveraged 3X NVDA Index while 2GOO.L tracks the NYSE Leveraged 2x GOOG Index. Both are passively managed. Over the past 5 years, 3NVD.L returned 82.55%/yr vs 34.18%/yr for 2GOO.L. At a 0.44 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3NVD.L vs. 2GOO.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3NVD.L achieves a 21.43% return, which is significantly lower than 2GOO.L's 28.19% return.
3NVD.L
- 1D
- 0.65%
- 1M
- 27.20%
- YTD
- 21.43%
- 6M
- 27.54%
- 1Y
- 119.15%
- 3Y*
- 134.91%
- 5Y*
- 82.55%
- 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*
- —
3NVD.L vs. 2GOO.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
3NVD.L Leverage Shares 3x NVIDIA ETP Securities GBP | 21.43% | -12.14% | 735.89% | 1,729.24% | -96.41% | 536.91% | 65.07% |
2GOO.L Leverage Shares 2x Alphabet ETC A GBP | 28.19% | 100.64% | 64.47% | 106.54% | -66.92% | 166.13% | 29.16% |
Correlation
The correlation between 3NVD.L and 2GOO.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2020 | 0.44 |
Over the past year, the correlation between 3NVD.L and 2GOO.L has dropped to 0.24 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.
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Return for Risk
3NVD.L vs. 2GOO.L — Risk / Return Rank
3NVD.L
2GOO.L
3NVD.L vs. 2GOO.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x NVIDIA ETP Securities GBP (3NVD.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.
| 3NVD.L | 2GOO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.40 | ||
| Sortino ratioReturn per unit of downside risk | -3.31 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.61 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | 8.61 | -6.59 |
| Martin ratioReturn relative to average drawdown | 4.06 | 28.76 | -24.69 |
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
| 3NVD.L | 2GOO.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.18 | 5.57 | -4.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.59 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.85 | -0.13 |
Drawdowns
3NVD.L vs. 2GOO.L - Drawdown Comparison
The maximum 3NVD.L drawdown since its inception was -98.48%, 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 3NVD.L and 2GOO.L.
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Drawdown Indicators
| 3NVD.L | 2GOO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.48% | -69.73% | -28.75% |
Max Drawdown (1Y)Largest decline over 1 year | -58.47% | -35.69% | -22.78% |
Max Drawdown (3Y)Largest decline over 3 years | -89.34% | -53.24% | -36.10% |
Max Drawdown (5Y)Largest decline over 5 years | -98.48% | -69.73% | -28.75% |
Current DrawdownCurrent decline from peak | -37.93% | -15.61% | -22.32% |
Average DrawdownAverage peak-to-trough decline | -53.00% | -24.97% | -28.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.23% | 10.71% | +18.52% |
Volatility
3NVD.L vs. 2GOO.L - Volatility Comparison
Leverage Shares 3x NVIDIA ETP Securities GBP (3NVD.L) has a higher volatility of 36.37% compared to Leverage Shares 2x Alphabet ETC A GBP (2GOO.L) at 15.17%. This indicates that 3NVD.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
| 3NVD.L | 2GOO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 36.37% | 15.17% | +21.20% |
Volatility (6M)Calculated over the trailing 6-month period | 69.15% | 35.51% | +33.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 100.68% | 55.17% | +45.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 146.01% | 59.11% | +86.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 146.51% | 61.82% | +84.69% |
3NVD.L vs. 2GOO.L - Expense Ratio Comparison
Both 3NVD.L and 2GOO.L have an expense ratio of 0.75%.
Dividends
3NVD.L vs. 2GOO.L - Dividend Comparison
Neither 3NVD.L nor 2GOO.L has paid dividends to shareholders.
Frequently Asked Questions
3NVD.L and 2GOO.L have a correlation of 0.24, 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.
3NVD.L and 2GOO.L have the same expense ratio: 0.75% per year.
3NVD.L tracks iSTOXX Leveraged 3X NVDA Index, while 2GOO.L tracks NYSE Leveraged 2x GOOG Index.
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