3TSL.L vs. 2MU.L
3TSL.L (Leverage Shares 3x Tesla ETP Securities GBX) and 2MU.L (Leverage Shares 2x Micron Technology ETC GBP) are both Leveraged Equities funds from Leverage Shares - 3TSL.L tracks the iSTOXX Leveraged 3x TSLA Index while 2MU.L tracks the iSTOXX Leveraged 2X MU Index. Both are passively managed. Over the past 5 years, 3TSL.L returned -50.12%/yr vs 99.54%/yr for 2MU.L. At a 0.35 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3TSL.L vs. 2MU.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3TSL.L achieves a -35.52% return, which is significantly lower than 2MU.L's 890.70% return.
3TSL.L
- 1D
- 4.45%
- 1M
- 24.10%
- YTD
- -35.52%
- 6M
- -32.22%
- 1Y
- -21.67%
- 3Y*
- -39.51%
- 5Y*
- -50.12%
- 10Y*
- —
2MU.L
- 1D
- 3.90%
- 1M
- 267.24%
- YTD
- 890.70%
- 6M
- 1,363.92%
- 1Y
- 6,514.91%
- 3Y*
- 298.47%
- 5Y*
- 99.54%
- 10Y*
- —
3TSL.L vs. 2MU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
3TSL.L Leverage Shares 3x Tesla ETP Securities GBX | -35.52% | -71.66% | 25.48% | 217.46% | -99.04% | 127.69% |
2MU.L Leverage Shares 2x Micron Technology ETC GBP | 890.70% | 550.25% | -30.59% | 142.95% | -76.42% | -3.98% |
Correlation
The correlation between 3TSL.L and 2MU.L is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2021 | 0.35 |
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Return for Risk
3TSL.L vs. 2MU.L — Risk / Return Rank
3TSL.L
2MU.L
3TSL.L vs. 2MU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Tesla ETP Securities GBX (3TSL.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.
| 3TSL.L | 2MU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -50.50 | ||
| Sortino ratioReturn per unit of downside risk | -6.84 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.95 | -0.86 |
| Calmar ratioReturn relative to maximum drawdown | -0.30 | 120.42 | -120.72 |
| Martin ratioReturn relative to average drawdown | -0.57 | 429.29 | -429.87 |
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
| 3TSL.L | 2MU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.16 | 50.34 | -50.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.30 | 0.95 | -1.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.33 | 0.99 | -1.32 |
Drawdowns
3TSL.L vs. 2MU.L - Drawdown Comparison
The maximum 3TSL.L drawdown since its inception was -99.83%, 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 3TSL.L and 2MU.L.
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Drawdown Indicators
| 3TSL.L | 2MU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.83% | -89.16% | -10.67% |
Max Drawdown (1Y)Largest decline over 1 year | -71.97% | -53.20% | -18.77% |
Max Drawdown (3Y)Largest decline over 3 years | -95.49% | -89.16% | -6.33% |
Max Drawdown (5Y)Largest decline over 5 years | -99.83% | -89.16% | -10.67% |
Current DrawdownCurrent decline from peak | -99.64% | 0.00% | -99.64% |
Average DrawdownAverage peak-to-trough decline | -85.99% | -44.86% | -41.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.52% | 14.95% | +22.57% |
Volatility
3TSL.L vs. 2MU.L - Volatility Comparison
The current volatility for Leverage Shares 3x Tesla ETP Securities GBX (3TSL.L) is 38.75%, while Leverage Shares 2x Micron Technology ETC GBP (2MU.L) has a volatility of 53.51%. This indicates that 3TSL.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.
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Volatility by Period
| 3TSL.L | 2MU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 38.75% | 53.51% | -14.76% |
Volatility (6M)Calculated over the trailing 6-month period | 84.86% | 96.13% | -11.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 137.57% | 127.53% | +10.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 166.00% | 104.70% | +61.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 165.84% | 100.80% | +65.04% |
3TSL.L vs. 2MU.L - Expense Ratio Comparison
Both 3TSL.L and 2MU.L have an expense ratio of 0.75%.
Dividends
3TSL.L vs. 2MU.L - Dividend Comparison
Neither 3TSL.L nor 2MU.L has paid dividends to shareholders.
Frequently Asked Questions
3TSL.L and 2MU.L have a correlation of 0.33, 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.
3TSL.L and 2MU.L have the same expense ratio: 0.75% per year.
3TSL.L tracks iSTOXX Leveraged 3x TSLA Index, while 2MU.L tracks iSTOXX Leveraged 2X MU Index.
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