3XFE.L vs. 2BRE.L
3XFE.L (Leverage Shares 3x Long Financials ETP Securities EUR) and 2BRE.L (Leverage Shares 2x Long Berkshire Hathaway (BRK-B) ETC EUR) are both Leveraged Equities funds from Leverage Shares. Both are actively managed. Over the past 3 years, 3XFE.L returned 26.80%/yr vs 11.31%/yr for 2BRE.L. A 0.60 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.
Performance
3XFE.L vs. 2BRE.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, 3XFE.L achieves a -21.50% return, which is significantly lower than 2BRE.L's -13.89% return.
3XFE.L
- 1D
- 9.07%
- 1M
- 2.25%
- YTD
- -21.50%
- 6M
- -15.93%
- 1Y
- -13.53%
- 3Y*
- 26.80%
- 5Y*
- —
- 10Y*
- —
2BRE.L
- 1D
- 0.62%
- 1M
- 3.98%
- YTD
- -13.89%
- 6M
- -14.34%
- 1Y
- -18.63%
- 3Y*
- 11.31%
- 5Y*
- —
- 10Y*
- —
3XFE.L vs. 2BRE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
3XFE.L Leverage Shares 3x Long Financials ETP Securities EUR | -21.50% | -0.13% | 87.68% | 8.62% | -43.02% | -3.05% |
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 3XFE.L and 2BRE.L is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2021 | 0.60 |
The correlation between 3XFE.L and 2BRE.L shifts across timeframes, from 0.44 (1 year) to 0.63 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
3XFE.L vs. 2BRE.L — Risk / Return Rank
3XFE.L
2BRE.L
3XFE.L vs. 2BRE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long Financials ETP Securities EUR (3XFE.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.
| 3XFE.L | 2BRE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.64 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 0.91 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | -0.82 | +0.47 |
| Martin ratioReturn relative to average drawdown | -0.76 | -1.60 | +0.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| 3XFE.L | 2BRE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.32 | -0.66 | +0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.02 | 0.30 | -0.32 |
Drawdowns
3XFE.L vs. 2BRE.L - Drawdown Comparison
The maximum 3XFE.L drawdown since its inception was -66.97%, 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 3XFE.L and 2BRE.L.
Loading charts...
Drawdown Indicators
| 3XFE.L | 2BRE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.97% | -40.62% | -26.35% |
Max Drawdown (1Y)Largest decline over 1 year | -38.56% | -22.65% | -15.91% |
Max Drawdown (3Y)Largest decline over 3 years | -49.49% | -39.67% | -9.82% |
Current DrawdownCurrent decline from peak | -35.42% | -37.26% | +1.84% |
Average DrawdownAverage peak-to-trough decline | -35.56% | -19.10% | -16.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.67% | 11.62% | +6.05% |
Volatility
3XFE.L vs. 2BRE.L - Volatility Comparison
Leverage Shares 3x Long Financials ETP Securities EUR (3XFE.L) has a higher volatility of 12.56% compared to Leverage Shares 2x Long Berkshire Hathaway (BRK-B) ETC EUR (2BRE.L) at 7.24%. This indicates that 3XFE.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.
Loading charts...
Volatility by Period
| 3XFE.L | 2BRE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.56% | 7.24% | +5.32% |
Volatility (6M)Calculated over the trailing 6-month period | 31.51% | 20.36% | +11.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.29% | 28.18% | +14.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.33% | 37.23% | +17.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.33% | 37.23% | +17.10% |
3XFE.L vs. 2BRE.L - Expense Ratio Comparison
Both 3XFE.L and 2BRE.L have an expense ratio of 0.75%.
Dividends
3XFE.L vs. 2BRE.L - Dividend Comparison
Neither 3XFE.L nor 2BRE.L has paid dividends to shareholders.
Frequently Asked Questions
3XFE.L and 2BRE.L have a correlation of 0.44, 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.
3XFE.L and 2BRE.L have the same expense ratio: 0.75% per year.
Find the right allocation for 3XFE.L and 2BRE.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer