3NVD.L vs. 2MU.L
3NVD.L (Leverage Shares 3x NVIDIA ETP Securities GBP) and 2MU.L (Leverage Shares 2x Micron Technology ETC GBP) are both Leveraged Equities funds from Leverage Shares - 3NVD.L tracks the iSTOXX Leveraged 3X NVDA Index while 2MU.L tracks the iSTOXX Leveraged 2X MU Index. Both are passively managed. Over the past 5 years, 3NVD.L returned 82.55%/yr vs 95.03%/yr for 2MU.L. A 0.52 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.
Performance
3NVD.L vs. 2MU.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, 3NVD.L achieves a 21.43% return, which is significantly lower than 2MU.L's 783.72% 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*
- —
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*
- —
3NVD.L vs. 2MU.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% |
2MU.L Leverage Shares 2x Micron Technology ETC GBP | 783.72% | 550.25% | -30.59% | 142.95% | -76.42% | 45.29% | 72.30% |
Correlation
The correlation between 3NVD.L and 2MU.L is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2020 | 0.52 |
The correlation between 3NVD.L and 2MU.L has been stable across timeframes, ranging from 0.46 to 0.53 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
3NVD.L vs. 2MU.L — Risk / Return Rank
3NVD.L
2MU.L
3NVD.L vs. 2MU.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 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.
| 3NVD.L | 2MU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -41.31 | ||
| Sortino ratioReturn per unit of downside risk | -5.32 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.90 | -0.67 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | 102.11 | -100.09 |
| Martin ratioReturn relative to average drawdown | 4.06 | 363.67 | -359.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| 3NVD.L | 2MU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.18 | 42.49 | -41.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.91 | -0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.95 | -0.24 |
Drawdowns
3NVD.L vs. 2MU.L - Drawdown Comparison
The maximum 3NVD.L drawdown since its inception was -98.48%, which is greater than 2MU.L's maximum drawdown of -89.16%. Use the drawdown chart below to compare losses from any high point for 3NVD.L and 2MU.L.
Loading charts...
Drawdown Indicators
| 3NVD.L | 2MU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.48% | -89.16% | -9.32% |
Max Drawdown (1Y)Largest decline over 1 year | -58.47% | -53.20% | -5.27% |
Max Drawdown (3Y)Largest decline over 3 years | -89.34% | -89.16% | -0.18% |
Max Drawdown (5Y)Largest decline over 5 years | -98.48% | -89.16% | -9.32% |
Current DrawdownCurrent decline from peak | -37.93% | -10.80% | -27.13% |
Average DrawdownAverage peak-to-trough decline | -53.00% | -44.84% | -8.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.23% | 14.97% | +14.26% |
Volatility
3NVD.L vs. 2MU.L - Volatility Comparison
The current volatility for Leverage Shares 3x NVIDIA ETP Securities GBP (3NVD.L) is 36.37%, while Leverage Shares 2x Micron Technology ETC GBP (2MU.L) has a volatility of 46.25%. This indicates that 3NVD.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.
Loading charts...
Volatility by Period
| 3NVD.L | 2MU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 36.37% | 46.25% | -9.88% |
Volatility (6M)Calculated over the trailing 6-month period | 69.15% | 97.07% | -27.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 100.68% | 127.89% | -27.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 146.01% | 104.82% | +41.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 146.51% | 100.87% | +45.64% |
3NVD.L vs. 2MU.L - Expense Ratio Comparison
Both 3NVD.L and 2MU.L have an expense ratio of 0.75%.
Dividends
3NVD.L vs. 2MU.L - Dividend Comparison
Neither 3NVD.L nor 2MU.L has paid dividends to shareholders.
Frequently Asked Questions
3NVD.L and 2MU.L have a correlation of 0.46, 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 2MU.L have the same expense ratio: 0.75% per year.
3NVD.L tracks iSTOXX Leveraged 3X NVDA Index, while 2MU.L tracks iSTOXX Leveraged 2X MU Index.
Find the right allocation for 3NVD.L and 2MU.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer