LUK2.L vs. 3AMD.L
LUK2.L (L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF GBP (Acc)) and 3AMD.L (Leverage Shares 3x AMD ETC GBP) are both Leveraged Equities funds - LUK2.L tracks the FTSE 100 Daily Leveraged Index while 3AMD.L tracks the iSTOXX Leveraged 3x AMD Index. Both are passively managed. Over the past 5 years, LUK2.L returned 17.31%/yr vs -2.85%/yr for 3AMD.L. At a 0.27 correlation, their price movements are largely independent. LUK2.L charges 0.50%/yr vs 0.75%/yr for 3AMD.L.
Performance
LUK2.L vs. 3AMD.L - Performance Comparison
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Returns By Period
In the year-to-date period, LUK2.L achieves a 12.85% return, which is significantly lower than 3AMD.L's 345.21% return.
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%
3AMD.L
- 1D
- -12.57%
- 1M
- -29.47%
- 6M
- 258.72%
- YTD
- 345.21%
- 1Y
- 526.67%
- 3Y*
- 37.82%
- 5Y*
- -2.85%
- 10Y*
- —
LUK2.L vs. 3AMD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
LUK2.L L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF GBP (Acc) | 12.85% | 43.73% | 9.81% | 6.59% | 3.75% | 9.85% |
3AMD.L Leverage Shares 3x AMD ETC GBP | 345.21% | 53.76% | -76.38% | 448.82% | -97.41% | 341.88% |
Correlation
The correlation between LUK2.L and 3AMD.L is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2021 | 0.27 |
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Return for Risk
LUK2.L vs. 3AMD.L — Risk / Return Rank
LUK2.L
3AMD.L
LUK2.L vs. 3AMD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF GBP (Acc) (LUK2.L) and Leverage Shares 3x AMD ETC GBP (3AMD.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.
| LUK2.L | 3AMD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.40 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | 6.84 | -4.90 |
| Martin ratioReturn relative to average drawdown | 5.67 | 12.42 | -6.75 |
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Drawdowns
LUK2.L vs. 3AMD.L - Drawdown Comparison
The maximum LUK2.L drawdown since its inception was -58.84%, smaller than the maximum 3AMD.L drawdown of -99.50%. Use the drawdown chart below to compare losses from any high point for LUK2.L and 3AMD.L.
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Drawdown Indicators
| LUK2.L | 3AMD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.84% | -99.50% | +40.66% |
Max Drawdown (1Y)Largest decline over 1 year | -18.55% | -76.34% | +57.79% |
Max Drawdown (3Y)Largest decline over 3 years | -25.42% | -97.93% | +72.51% |
Max Drawdown (5Y)Largest decline over 5 years | -25.42% | -99.50% | +74.08% |
Max Drawdown (10Y)Largest decline over 10 years | -58.84% | — | — |
Current DrawdownCurrent decline from peak | -6.16% | -83.16% | +77.00% |
Average DrawdownAverage peak-to-trough decline | -10.67% | -83.19% | +72.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.34% | 42.13% | -35.79% |
Volatility
LUK2.L vs. 3AMD.L - Volatility Comparison
The current volatility for L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF GBP (Acc) (LUK2.L) is 5.83%, while Leverage Shares 3x AMD ETC GBP (3AMD.L) has a volatility of 71.57%. This indicates that LUK2.L experiences smaller price fluctuations and is considered to be less risky than 3AMD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LUK2.L | 3AMD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.83% | 71.57% | -65.74% |
Volatility (6M)Calculated over the trailing 6-month period | 19.66% | 154.80% | -135.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.62% | 201.90% | -179.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.60% | 162.48% | -136.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.65% | 161.04% | -131.39% |
LUK2.L vs. 3AMD.L - Expense Ratio Comparison
LUK2.L has a 0.50% expense ratio, which is lower than 3AMD.L's 0.75% expense ratio.
Dividends
LUK2.L vs. 3AMD.L - Dividend Comparison
Neither LUK2.L nor 3AMD.L has paid dividends to shareholders.
Frequently Asked Questions
LUK2.L and 3AMD.L have a correlation of 0.18, 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 3AMD.L.
LUK2.L tracks FTSE 100 Daily Leveraged Index, while 3AMD.L tracks iSTOXX Leveraged 3x AMD Index. They also come from different issuers: L&G and Leverage Shares. Their fees differ too: 0.50% for LUK2.L and 0.75% for 3AMD.L.
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