LUK2.L vs. 3GOO.L
LUK2.L (L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF GBP (Acc)) and 3GOO.L (Leverage Shares 3x Alphabet ETC GBP) are both Leveraged Equities funds - LUK2.L tracks the FTSE 100 Daily Leveraged Index while 3GOO.L tracks the iSTOXX Leveraged 3X GOOG Index. Both are passively managed. Over the past 5 years, LUK2.L returned 17.31%/yr vs 17.65%/yr for 3GOO.L. At a 0.28 correlation, their price movements are largely independent. LUK2.L charges 0.50%/yr vs 0.75%/yr for 3GOO.L.
Performance
LUK2.L vs. 3GOO.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 higher than 3GOO.L's 7.25% 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%
3GOO.L
- 1D
- -19.16%
- 1M
- -16.76%
- 6M
- -7.43%
- YTD
- 7.25%
- 1Y
- 344.38%
- 3Y*
- 82.52%
- 5Y*
- 17.65%
- 10Y*
- —
LUK2.L vs. 3GOO.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
LUK2.L L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF GBP (Acc) | 12.85% | 43.73% | 9.81% | 6.59% | 3.75% | 34.76% | 2.08% |
3GOO.L Leverage Shares 3x Alphabet ETC GBP | 7.25% | 146.08% | 80.34% | 154.87% | -85.80% | 292.19% | 40.82% |
Correlation
The correlation between LUK2.L and 3GOO.L is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.28 |
The correlation between LUK2.L and 3GOO.L shifts across timeframes, from 0.17 (3 years) to 0.28 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
LUK2.L vs. 3GOO.L — Risk / Return Rank
LUK2.L
3GOO.L
LUK2.L vs. 3GOO.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 Alphabet ETC GBP (3GOO.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 | 3GOO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.25 | ||
| Sortino ratioReturn per unit of downside risk | -1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.44 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | 6.75 | -4.82 |
| Martin ratioReturn relative to average drawdown | 5.67 | 17.89 | -12.22 |
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Drawdowns
LUK2.L vs. 3GOO.L - Drawdown Comparison
The maximum LUK2.L drawdown since its inception was -58.84%, smaller than the maximum 3GOO.L drawdown of -88.06%. Use the drawdown chart below to compare losses from any high point for LUK2.L and 3GOO.L.
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Drawdown Indicators
| LUK2.L | 3GOO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.84% | -88.06% | +29.22% |
Max Drawdown (1Y)Largest decline over 1 year | -18.55% | -50.61% | +32.06% |
Max Drawdown (3Y)Largest decline over 3 years | -25.42% | -68.88% | +43.46% |
Max Drawdown (5Y)Largest decline over 5 years | -25.42% | -88.06% | +62.64% |
Max Drawdown (10Y)Largest decline over 10 years | -58.84% | — | — |
Current DrawdownCurrent decline from peak | -6.16% | -39.30% | +33.14% |
Average DrawdownAverage peak-to-trough decline | -10.67% | -42.72% | +32.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.34% | 19.14% | -12.80% |
Volatility
LUK2.L vs. 3GOO.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 Alphabet ETC GBP (3GOO.L) has a volatility of 30.92%. This indicates that LUK2.L experiences smaller price fluctuations and is considered to be less risky than 3GOO.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 | 3GOO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.83% | 30.92% | -25.09% |
Volatility (6M)Calculated over the trailing 6-month period | 19.66% | 62.47% | -42.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.62% | 89.07% | -66.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.60% | 91.55% | -65.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.65% | 89.35% | -59.70% |
LUK2.L vs. 3GOO.L - Expense Ratio Comparison
LUK2.L has a 0.50% expense ratio, which is lower than 3GOO.L's 0.75% expense ratio.
Dividends
LUK2.L vs. 3GOO.L - Dividend Comparison
Neither LUK2.L nor 3GOO.L has paid dividends to shareholders.
Frequently Asked Questions
LUK2.L and 3GOO.L have a correlation of 0.17, 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 3GOO.L.
LUK2.L tracks FTSE 100 Daily Leveraged Index, while 3GOO.L tracks iSTOXX Leveraged 3X GOOG 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 3GOO.L.
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