3TSL.L vs. LUK2.L
3TSL.L (Leverage Shares 3x Tesla ETP Securities GBX) and LUK2.L (L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF GBP (Acc)) are both Leveraged Equities funds - 3TSL.L tracks the iSTOXX Leveraged 3x TSLA Index while LUK2.L tracks the FTSE 100 Daily Leveraged Index. Both are passively managed. Over the past 5 years, 3TSL.L returned 23.52%/yr vs 17.31%/yr for LUK2.L. At a 0.22 correlation, their price movements are largely independent. 3TSL.L charges 0.75%/yr vs 0.50%/yr for LUK2.L.
Performance
3TSL.L vs. LUK2.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3TSL.L achieves a -60.78% return, which is significantly lower than LUK2.L's 12.85% return.
3TSL.L
- 1D
- -10.64%
- 1M
- -22.25%
- 6M
- -55.36%
- YTD
- -60.78%
- 1Y
- -23.91%
- 3Y*
- 117.24%
- 5Y*
- 23.52%
- 10Y*
- —
LUK2.L
- 1D
- 0.67%
- 1M
- 1.34%
- 6M
- 6.53%
- YTD
- 12.85%
- 1Y
- 36.06%
- 3Y*
- 24.04%
- 5Y*
- 17.31%
- 10Y*
- 10.51%
3TSL.L vs. LUK2.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
3TSL.L Leverage Shares 3x Tesla ETP Securities GBX | -60.78% | -71.66% | 25.48% | 51,227.74% | -98.76% | 39.38% |
LUK2.L L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF GBP (Acc) | 12.85% | 43.73% | 9.81% | 6.59% | 3.75% | 22.22% |
Correlation
The correlation between 3TSL.L and LUK2.L is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Mar 15, 2021 | 0.22 |
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Return for Risk
3TSL.L vs. LUK2.L — Risk / Return Rank
3TSL.L
LUK2.L
3TSL.L vs. LUK2.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 L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF GBP (Acc) (LUK2.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| 3TSL.L | LUK2.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.77 | ||
| Sortino ratioReturn per unit of downside risk | -1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.29 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.33 | 1.94 | -2.27 |
| Martin ratioReturn relative to average drawdown | -0.58 | 5.67 | -6.25 |
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Drawdowns
3TSL.L vs. LUK2.L - Drawdown Comparison
The maximum 3TSL.L drawdown since its inception was -99.59%, which is greater than LUK2.L's maximum drawdown of -58.84%. Use the drawdown chart below to compare losses from any high point for 3TSL.L and LUK2.L.
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Drawdown Indicators
| 3TSL.L | LUK2.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.59% | -58.84% | -40.75% |
Max Drawdown (1Y)Largest decline over 1 year | -71.97% | -18.55% | -53.42% |
Max Drawdown (3Y)Largest decline over 3 years | -94.73% | -25.42% | -69.31% |
Max Drawdown (5Y)Largest decline over 5 years | -99.59% | -25.42% | -74.17% |
Max Drawdown (10Y)Largest decline over 10 years | — | -58.84% | — |
Current DrawdownCurrent decline from peak | -92.94% | -6.16% | -86.78% |
Average DrawdownAverage peak-to-trough decline | -75.30% | -10.67% | -64.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.35% | 6.34% | +35.01% |
Volatility
3TSL.L vs. LUK2.L - Volatility Comparison
Leverage Shares 3x Tesla ETP Securities GBX (3TSL.L) has a higher volatility of 48.76% compared to L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF GBP (Acc) (LUK2.L) at 5.83%. This indicates that 3TSL.L's price experiences larger fluctuations and is considered to be riskier than LUK2.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 | LUK2.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 48.76% | 5.83% | +42.93% |
Volatility (6M)Calculated over the trailing 6-month period | 91.57% | 19.66% | +71.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 131.61% | 22.62% | +108.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7,984.45% | 25.60% | +7,958.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7,725.47% | 29.65% | +7,695.82% |
3TSL.L vs. LUK2.L - Expense Ratio Comparison
3TSL.L has a 0.75% expense ratio, which is higher than LUK2.L's 0.50% expense ratio.
Dividends
3TSL.L vs. LUK2.L - Dividend Comparison
Neither 3TSL.L nor LUK2.L has paid dividends to shareholders.
Frequently Asked Questions
3TSL.L and LUK2.L have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LUK2.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LUK2.L is cheaper with a 0.50% expense ratio, compared with 0.75% for 3TSL.L.
3TSL.L tracks iSTOXX Leveraged 3x TSLA Index, while LUK2.L tracks FTSE 100 Daily Leveraged Index. They also come from different issuers: Leverage Shares and L&G. Their fees differ too: 0.75% for 3TSL.L and 0.50% for LUK2.L.
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