3TSE.L vs. 2BRE.L
3TSE.L (Leverage Shares 3x Tesla ETP Securities EUR) and 2BRE.L (Leverage Shares 2x Long Berkshire Hathaway (BRK-B) ETC EUR) are both Leveraged Equities funds from Leverage Shares. 3TSE.L is passively managed, while 2BRE.L is actively managed. Over the past 3 years, 3TSE.L returned -39.32%/yr vs 10.84%/yr for 2BRE.L. At a 0.13 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3TSE.L vs. 2BRE.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3TSE.L achieves a -34.04% return, which is significantly lower than 2BRE.L's -14.42% return.
3TSE.L
- 1D
- 5.89%
- 1M
- 25.77%
- YTD
- -34.04%
- 6M
- -30.13%
- 1Y
- -22.56%
- 3Y*
- -39.32%
- 5Y*
- -50.93%
- 10Y*
- —
2BRE.L
- 1D
- 1.11%
- 1M
- -0.75%
- YTD
- -14.42%
- 6M
- -16.58%
- 1Y
- -20.29%
- 3Y*
- 10.84%
- 5Y*
- —
- 10Y*
- —
3TSE.L vs. 2BRE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
3TSE.L Leverage Shares 3x Tesla ETP Securities EUR | -34.04% | -73.03% | 31.43% | 225.06% | -99.10% | 38.41% |
2BRE.L Leverage Shares 2x Long Berkshire Hathaway (BRK-B) ETC EUR | -14.42% | -4.91% | 55.13% | 18.25% | 4.42% | -0.89% |
Correlation
The correlation between 3TSE.L and 2BRE.L is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2021 | 0.13 |
The correlation between 3TSE.L and 2BRE.L shifts across timeframes, from -0.01 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
3TSE.L vs. 2BRE.L — Risk / Return Rank
3TSE.L
2BRE.L
3TSE.L vs. 2BRE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Tesla ETP Securities EUR (3TSE.L) and Leverage Shares 2x Long Berkshire Hathaway (BRK-B) ETC EUR (2BRE.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.
| 3TSE.L | 2BRE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +1.68 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 0.90 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.31 | -0.89 | +0.58 |
| Martin ratioReturn relative to average drawdown | -0.60 | -1.75 | +1.15 |
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
| 3TSE.L | 2BRE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.16 | -0.72 | +0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.33 | 0.30 | -0.63 |
Drawdowns
3TSE.L vs. 2BRE.L - Drawdown Comparison
The maximum 3TSE.L drawdown since its inception was -99.84%, which is greater than 2BRE.L's maximum drawdown of -40.62%. Use the drawdown chart below to compare losses from any high point for 3TSE.L and 2BRE.L.
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Drawdown Indicators
| 3TSE.L | 2BRE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.84% | -40.62% | -59.22% |
Max Drawdown (1Y)Largest decline over 1 year | -71.98% | -22.65% | -49.33% |
Max Drawdown (3Y)Largest decline over 3 years | -95.43% | -39.67% | -55.76% |
Max Drawdown (5Y)Largest decline over 5 years | -99.84% | — | — |
Current DrawdownCurrent decline from peak | -99.64% | -37.65% | -61.99% |
Average DrawdownAverage peak-to-trough decline | -85.75% | -19.08% | -66.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.45% | 11.56% | +25.89% |
Volatility
3TSE.L vs. 2BRE.L - Volatility Comparison
Leverage Shares 3x Tesla ETP Securities EUR (3TSE.L) has a higher volatility of 38.69% compared to Leverage Shares 2x Long Berkshire Hathaway (BRK-B) ETC EUR (2BRE.L) at 8.36%. This indicates that 3TSE.L's price experiences larger fluctuations and is considered to be riskier than 2BRE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3TSE.L | 2BRE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 38.69% | 8.36% | +30.33% |
Volatility (6M)Calculated over the trailing 6-month period | 84.97% | 20.39% | +64.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 138.69% | 28.18% | +110.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 166.13% | 37.25% | +128.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 165.46% | 37.25% | +128.21% |
3TSE.L vs. 2BRE.L - Expense Ratio Comparison
Both 3TSE.L and 2BRE.L have an expense ratio of 0.75%.
Dividends
3TSE.L vs. 2BRE.L - Dividend Comparison
Neither 3TSE.L nor 2BRE.L has paid dividends to shareholders.
Frequently Asked Questions
3TSE.L and 2BRE.L have a correlation of -0.01, 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.
3TSE.L and 2BRE.L have the same expense ratio: 0.75% per year.
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