3USL.L vs. SUK2.L
3USL.L (WisdomTree S&P 500 3x Daily Leveraged GB) and SUK2.L (L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF GBP (Acc)) are both exchange-traded funds - 3USL.L is a Leveraged Equities fund tracking the S&P 500 Net Total Returns Index, while SUK2.L is a Inverse Equities fund tracking the FTSE 100 Daily Super Short Strategy Index. Both are passively managed. Over the past 10 years, 3USL.L returned 26.94%/yr vs -16.85%/yr for SUK2.L. At a correlation of -0.52, they often move in opposite directions. 3USL.L charges 0.75%/yr vs 0.60%/yr for SUK2.L.
Performance
3USL.L vs. SUK2.L - Performance Comparison
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Different Trading Currencies
3USL.L is traded in USD, while SUK2.L is traded in GBp. To make them comparable, the SUK2.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 18.25% return, which is significantly higher than SUK2.L's -12.76% return. Over the past 10 years, 3USL.L has outperformed SUK2.L with an annualized return of 26.94%, while SUK2.L has yielded a comparatively lower -16.85% annualized return.
3USL.L
- 1D
- -3.71%
- 1M
- -2.60%
- 6M
- 15.76%
- YTD
- 18.25%
- 1Y
- 46.64%
- 3Y*
- 40.34%
- 5Y*
- 18.89%
- 10Y*
- 26.94%
SUK2.L
- 1D
- -0.64%
- 1M
- -0.06%
- 6M
- -7.23%
- YTD
- -12.76%
- 1Y
- -27.76%
- 3Y*
- -18.78%
- 5Y*
- -18.06%
- 10Y*
- -16.85%
3USL.L vs. SUK2.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
3USL.L WisdomTree S&P 500 3x Daily Leveraged GB | 18.25% | 28.97% | 63.99% | 70.50% | -57.35% | 101.78% | 7.90% | 97.95% | -26.23% | 66.85% |
SUK2.L L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF GBP (Acc) | -12.76% | -27.00% | -8.36% | -1.47% | -23.17% | -33.34% | 1.85% | -27.15% | 8.87% | -15.92% |
Correlation
The correlation between 3USL.L and SUK2.L is -0.36, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.49 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2012 | -0.52 |
The correlation between 3USL.L and SUK2.L shifts across timeframes, from -0.52 (all time) to -0.36 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
3USL.L vs. SUK2.L — Risk / Return Rank
3USL.L
SUK2.L
3USL.L vs. SUK2.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 L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF GBP (Acc) (SUK2.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.
| 3USL.L | SUK2.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.50 | ||
| Sortino ratioReturn per unit of downside risk | +3.73 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 0.80 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | -0.91 | +2.75 |
| Martin ratioReturn relative to average drawdown | 6.87 | -1.43 | +8.31 |
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Drawdowns
3USL.L vs. SUK2.L - Drawdown Comparison
The maximum 3USL.L drawdown since its inception was -76.72%, smaller than the maximum SUK2.L drawdown of -98.65%. Use the drawdown chart below to compare losses from any high point for 3USL.L and SUK2.L.
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Drawdown Indicators
| 3USL.L | SUK2.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.72% | -98.65% | +21.93% |
Max Drawdown (1Y)Largest decline over 1 year | -25.29% | -30.34% | +5.05% |
Max Drawdown (3Y)Largest decline over 3 years | -48.69% | -49.91% | +1.22% |
Max Drawdown (5Y)Largest decline over 5 years | -63.46% | -65.86% | +2.40% |
Max Drawdown (10Y)Largest decline over 10 years | -76.72% | -85.34% | +8.62% |
Current DrawdownCurrent decline from peak | -7.22% | -98.60% | +91.38% |
Average DrawdownAverage peak-to-trough decline | -14.68% | -85.88% | +71.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.77% | 19.38% | -12.61% |
Volatility
3USL.L vs. SUK2.L - Volatility Comparison
WisdomTree S&P 500 3x Daily Leveraged GB (3USL.L) has a higher volatility of 9.48% compared to L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF GBP (Acc) (SUK2.L) at 5.99%. This indicates that 3USL.L's price experiences larger fluctuations and is considered to be riskier than SUK2.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 | SUK2.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.48% | 5.99% | +3.49% |
Volatility (6M)Calculated over the trailing 6-month period | 27.92% | 19.39% | +8.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.02% | 22.87% | +13.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.64% | 25.52% | +22.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.40% | 30.86% | +17.54% |
3USL.L vs. SUK2.L - Expense Ratio Comparison
3USL.L has a 0.75% expense ratio, which is higher than SUK2.L's 0.60% expense ratio.
Dividends
3USL.L vs. SUK2.L - Dividend Comparison
Neither 3USL.L nor SUK2.L has paid dividends to shareholders.
Frequently Asked Questions
3USL.L and SUK2.L have a correlation of -0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SUK2.L is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SUK2.L is cheaper with a 0.60% expense ratio, compared with 0.75% for 3USL.L.
3USL.L is categorized as Leveraged Equities, while SUK2.L is Inverse Equities. 3USL.L tracks S&P 500 Net Total Returns Index, while SUK2.L tracks FTSE 100 Daily Super Short Strategy Index. They also come from different issuers: WisdomTree and L&G. Their fees differ too: 0.75% for 3USL.L and 0.60% for SUK2.L.
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