3USL.L vs. 2BRE.L
3USL.L (WisdomTree S&P 500 3x Daily Leveraged GB) and 2BRE.L (Leverage Shares 2x Long Berkshire Hathaway (BRK-B) ETC EUR) are both Leveraged Equities funds. 3USL.L is passively managed, while 2BRE.L is actively managed. Over the past 3 years, 3USL.L returned 50.50%/yr vs 14.35%/yr for 2BRE.L. At a 0.37 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3USL.L vs. 2BRE.L - Performance Comparison
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Different Trading Currencies
3USL.L is traded in USD, while 2BRE.L is traded in EUR. To make them comparable, the 2BRE.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, 3USL.L achieves a 25.13% return, which is significantly higher than 2BRE.L's -14.87% return.
3USL.L
- 1D
- -0.02%
- 1M
- 12.76%
- YTD
- 25.13%
- 6M
- 26.49%
- 1Y
- 77.77%
- 3Y*
- 50.50%
- 5Y*
- 22.25%
- 10Y*
- 28.49%
2BRE.L
- 1D
- 0.74%
- 1M
- 3.27%
- YTD
- -14.87%
- 6M
- -14.58%
- 1Y
- -17.23%
- 3Y*
- 14.35%
- 5Y*
- —
- 10Y*
- —
3USL.L vs. 2BRE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
3USL.L WisdomTree S&P 500 3x Daily Leveraged GB | 25.13% | 28.97% | 64.00% | 70.49% | -57.35% | 3.70% |
2BRE.L Leverage Shares 2x Long Berkshire Hathaway (BRK-B) ETC EUR | -14.87% | 7.86% | 45.53% | 21.99% | -0.57% | -1.71% |
Correlation
The correlation between 3USL.L and 2BRE.L is 0.09, 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 | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2021 | 0.37 |
Over the past year, the correlation between 3USL.L and 2BRE.L has dropped to 0.09 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.
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Return for Risk
3USL.L vs. 2BRE.L — Risk / Return Rank
3USL.L
2BRE.L
3USL.L vs. 2BRE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree S&P 500 3x Daily Leveraged GB (3USL.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.
| 3USL.L | 2BRE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.86 | ||
| Sortino ratioReturn per unit of downside risk | +3.66 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 0.92 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | -0.78 | +3.84 |
| Martin ratioReturn relative to average drawdown | 12.28 | -1.57 | +13.85 |
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
| 3USL.L | 2BRE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.25 | -0.61 | +2.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.31 | +0.28 |
Drawdowns
3USL.L vs. 2BRE.L - Drawdown Comparison
The maximum 3USL.L drawdown since its inception was -76.72%, which is greater than 2BRE.L's maximum drawdown of -47.91%. Use the drawdown chart below to compare losses from any high point for 3USL.L and 2BRE.L.
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Drawdown Indicators
| 3USL.L | 2BRE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.72% | -47.91% | -28.81% |
Max Drawdown (1Y)Largest decline over 1 year | -25.29% | -22.02% | -3.27% |
Max Drawdown (3Y)Largest decline over 3 years | -48.69% | -34.68% | -14.01% |
Max Drawdown (5Y)Largest decline over 5 years | -63.47% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -76.72% | — | — |
Current DrawdownCurrent decline from peak | -1.82% | -32.55% | +30.73% |
Average DrawdownAverage peak-to-trough decline | -15.26% | -18.98% | +3.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.31% | 10.98% | -4.67% |
Volatility
3USL.L vs. 2BRE.L - Volatility Comparison
WisdomTree S&P 500 3x Daily Leveraged GB (3USL.L) has a higher volatility of 9.42% compared to Leverage Shares 2x Long Berkshire Hathaway (BRK-B) ETC EUR (2BRE.L) at 6.89%. This indicates that 3USL.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
| 3USL.L | 2BRE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.42% | 6.89% | +2.53% |
Volatility (6M)Calculated over the trailing 6-month period | 25.26% | 20.55% | +4.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.36% | 28.37% | +5.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.39% | 38.31% | +9.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.51% | 38.31% | +10.20% |
3USL.L vs. 2BRE.L - Expense Ratio Comparison
Both 3USL.L and 2BRE.L have an expense ratio of 0.75%.
Dividends
3USL.L vs. 2BRE.L - Dividend Comparison
Neither 3USL.L nor 2BRE.L has paid dividends to shareholders.
Frequently Asked Questions
3USL.L and 2BRE.L have a correlation of 0.09, 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.
3USL.L and 2BRE.L have the same expense ratio: 0.75% per year.
They also come from different issuers: WisdomTree and Leverage Shares.
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