3UBE.L vs. 2BRE.L
3UBE.L (Leverage Shares 3x Uber ETP Securities EUR) and 2BRE.L (Leverage Shares 2x Long Berkshire Hathaway (BRK-B) ETC EUR) are both Leveraged Equities funds from Leverage Shares. 3UBE.L is passively managed, while 2BRE.L is actively managed. Over the past 3 years, 3UBE.L returned -0.69%/yr vs 11.31%/yr for 2BRE.L. At a 0.14 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3UBE.L vs. 2BRE.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3UBE.L achieves a -41.26% return, which is significantly lower than 2BRE.L's -13.89% return.
3UBE.L
- 1D
- 11.31%
- 1M
- -7.74%
- YTD
- -41.26%
- 6M
- -57.24%
- 1Y
- -58.90%
- 3Y*
- -0.69%
- 5Y*
- —
- 10Y*
- —
2BRE.L
- 1D
- 0.62%
- 1M
- 3.98%
- YTD
- -13.89%
- 6M
- -14.34%
- 1Y
- -18.63%
- 3Y*
- 11.31%
- 5Y*
- —
- 10Y*
- —
3UBE.L vs. 2BRE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
3UBE.L Leverage Shares 3x Uber ETP Securities EUR | -41.26% | 15.58% | -46.92% | 812.00% | -94.83% | 46.09% |
2BRE.L Leverage Shares 2x Long Berkshire Hathaway (BRK-B) ETC EUR | -13.89% | -4.91% | 55.13% | 18.25% | 4.42% | -0.89% |
Correlation
The correlation between 3UBE.L and 2BRE.L is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2021 | 0.14 |
The correlation between 3UBE.L and 2BRE.L shifts across timeframes, from -0.03 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
3UBE.L vs. 2BRE.L — Risk / Return Rank
3UBE.L
2BRE.L
3UBE.L vs. 2BRE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Uber ETP Securities EUR (3UBE.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.
| 3UBE.L | 2BRE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 0.91 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | -0.82 | +0.05 |
| Martin ratioReturn relative to average drawdown | -1.24 | -1.60 | +0.36 |
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
| 3UBE.L | 2BRE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.60 | -0.66 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.31 | 0.30 | -0.62 |
Drawdowns
3UBE.L vs. 2BRE.L - Drawdown Comparison
The maximum 3UBE.L drawdown since its inception was -97.79%, 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 3UBE.L and 2BRE.L.
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Drawdown Indicators
| 3UBE.L | 2BRE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.79% | -40.62% | -57.17% |
Max Drawdown (1Y)Largest decline over 1 year | -76.16% | -22.65% | -53.51% |
Max Drawdown (3Y)Largest decline over 3 years | -84.15% | -39.67% | -44.48% |
Current DrawdownCurrent decline from peak | -92.51% | -37.26% | -55.25% |
Average DrawdownAverage peak-to-trough decline | -82.47% | -19.10% | -63.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 47.51% | 11.62% | +35.89% |
Volatility
3UBE.L vs. 2BRE.L - Volatility Comparison
Leverage Shares 3x Uber ETP Securities EUR (3UBE.L) has a higher volatility of 28.57% compared to Leverage Shares 2x Long Berkshire Hathaway (BRK-B) ETC EUR (2BRE.L) at 7.24%. This indicates that 3UBE.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
| 3UBE.L | 2BRE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.57% | 7.24% | +21.33% |
Volatility (6M)Calculated over the trailing 6-month period | 67.46% | 20.36% | +47.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 98.27% | 28.18% | +70.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 137.42% | 37.23% | +100.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 137.42% | 37.23% | +100.19% |
3UBE.L vs. 2BRE.L - Expense Ratio Comparison
Both 3UBE.L and 2BRE.L have an expense ratio of 0.75%.
Dividends
3UBE.L vs. 2BRE.L - Dividend Comparison
Neither 3UBE.L nor 2BRE.L has paid dividends to shareholders.
Frequently Asked Questions
3UBE.L and 2BRE.L have a correlation of -0.03, 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.
3UBE.L and 2BRE.L have the same expense ratio: 0.75% per year.
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