MUL.L vs. ASMG

Last updated Jun 6, 2026

MUL.L (Mulberry Group plc) is a stock, while ASMG (Leverage Shares 2X Long ASML Daily ETF) is Leveraged Equities fund actively managed by Leverage Shares. Over the past year, MUL.L returned 13.95% vs 270.54% for ASMG. At a correlation of -0.03, they often move in opposite directions.

Performance

MUL.L vs. ASMG - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Mulberry Group plc (MUL.L) and Leverage Shares 2X Long ASML Daily ETF (ASMG). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

MUL.L is traded in GBp, while ASMG is traded in USD. To make them comparable, the ASMG values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, MUL.L achieves a 16.67% return, which is significantly lower than ASMG's 105.77% return.

MUL.L

• 1D: 0.00%
• 1M: 6.52%
• YTD: 16.67%
• 6M: 22.50%
• 1Y: 13.95%
• 3Y*: -21.54%
• 5Y*: -16.89%
• 10Y*: -18.71%

ASMG

• 1D: -13.13%
• 1M: 11.29%
• YTD: 105.77%
• 6M: 89.92%
• 1Y: 270.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MUL.L vs. ASMG - Yearly Performance Comparison

	2026 (YTD)	2025
MUL.L Mulberry Group plc	16.67%	3.96%
ASMG Leverage Shares 2X Long ASML Daily ETF	105.77%	48.38%

Correlation

The correlation between MUL.L and ASMG is -0.05, 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	-0.05
Correlation (All Time) Calculated using the full available price history since Jan 15, 2025	-0.03

Return for Risk

MUL.L vs. ASMG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MUL.L

MUL.L Risk / Return Rank: 57
MUL.L Sharpe Ratio Rank: 57
MUL.L Sortino Ratio Rank: 52
MUL.L Omega Ratio Rank: 66
MUL.L Calmar Ratio Rank: 57
MUL.L Martin Ratio Rank: 54

ASMG

ASMG Risk / Return Rank: 84
ASMG Sharpe Ratio Rank: 93
ASMG Sortino Ratio Rank: 74
ASMG Omega Ratio Rank: 69
ASMG Calmar Ratio Rank: 95
ASMG Martin Ratio Rank: 89

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MUL.L vs. ASMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mulberry Group plc (MUL.L) and Leverage Shares 2X Long ASML Daily ETF (ASMG). 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.

	MUL.L	ASMG	Difference
Sharpe ratio: Return per unit of total volatility	0.44	3.38	-2.95
Sortino ratio: Return per unit of downside risk	0.86	3.22	-2.36
Omega ratio: Gain probability vs. loss probability	1.20	1.40	-0.20
Calmar ratio: Return relative to maximum drawdown	0.69	8.33	-7.64
Martin ratio: Return relative to average drawdown	1.12	19.92	-18.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MUL.L vs. ASMG - Sharpe Ratio Comparison

The current MUL.L Sharpe Ratio is 0.44, which is lower than the ASMG Sharpe Ratio of 3.38. The chart below compares the historical Sharpe Ratios of MUL.L and ASMG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MUL.L	ASMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.44	3.38	-2.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.33	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.36	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	1.48	-1.39

Drawdowns

MUL.L vs. ASMG - Drawdown Comparison

The maximum MUL.L drawdown since its inception was -96.48%, which is greater than ASMG's maximum drawdown of -45.36%. Use the drawdown chart below to compare losses from any high point for MUL.L and ASMG.

Drawdown Indicators

	MUL.L	ASMG	Difference
Max Drawdown Largest peak-to-trough decline	-96.48%	-45.36%	-51.12%
Max Drawdown (1Y) Largest decline over 1 year	-20.00%	-32.70%	+12.70%
Max Drawdown (3Y) Largest decline over 3 years	-69.06%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-77.95%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-92.63%	—	—
Current Drawdown Current decline from peak	-94.62%	-13.13%	-81.49%
Average Drawdown Average peak-to-trough decline	-60.52%	-15.20%	-45.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.38%	13.65%	-1.27%

Volatility

MUL.L vs. ASMG - Volatility Comparison

The current volatility for Mulberry Group plc (MUL.L) is 10.46%, while Leverage Shares 2X Long ASML Daily ETF (ASMG) has a volatility of 29.66%. This indicates that MUL.L experiences smaller price fluctuations and is considered to be less risky than ASMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MUL.L	ASMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.46%	29.66%	-19.20%
Volatility (6M) Calculated over the trailing 6-month period	19.34%	63.91%	-44.57%
Volatility (1Y) Calculated over the trailing 1-year period	31.84%	80.54%	-48.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.43%	83.90%	-33.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.58%	83.90%	-31.32%

Dividends

MUL.L vs. ASMG - Dividend Comparison

MUL.L has not paid dividends to shareholders, while ASMG's dividend yield for the trailing twelve months is around 5.50%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASMG Leverage Shares 2X Long ASML Daily ETF	5.50%	11.20%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MUL.L Mulberry Group plc	0.00%	0.00%	0.00%	0.61%	1.30%	0.00%	0.00%	1.75%	1.69%	0.47%	0.46%	0.53%

Frequently Asked Questions

Can I hold both MUL.L and ASMG in my portfolio?

MUL.L and ASMG have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.