SMH3.L vs. 2GOO.L
Compare and contrast key facts about Leverage Shares 3x Long Semiconductors ETP Securities (SMH3.L) and Leverage Shares 2x Alphabet ETC A GBP (2GOO.L).
SMH3.L and 2GOO.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMH3.L is an actively managed fund by Leverage Shares. It was launched on Dec 10, 2021. 2GOO.L is a passively managed fund by Leverage Shares that tracks the performance of the NYSE Leveraged 2x GOOG Index. It was launched on Dec 5, 2017.
Performance
SMH3.L vs. 2GOO.L - Performance Comparison
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SMH3.L vs. 2GOO.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SMH3.L Leverage Shares 3x Long Semiconductors ETP Securities | 12.49% | 74.67% | 66.99% | 261.41% | -85.13% | 4.53% |
2GOO.L Leverage Shares 2x Alphabet ETC A GBP | -15.14% | 115.78% | 61.73% | 117.43% | -70.46% | -1.89% |
Different Trading Currencies
SMH3.L is traded in USD, while 2GOO.L is traded in GBp. To make them comparable, the 2GOO.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SMH3.L achieves a 12.49% return, which is significantly higher than 2GOO.L's -15.14% return.
SMH3.L
- 1D
- 18.04%
- 1M
- -10.93%
- YTD
- 12.49%
- 6M
- 34.61%
- 1Y
- 269.12%
- 3Y*
- 82.15%
- 5Y*
- —
- 10Y*
- —
2GOO.L
- 1D
- 9.56%
- 1M
- -7.89%
- YTD
- -15.14%
- 6M
- 37.20%
- 1Y
- 184.57%
- 3Y*
- 70.86%
- 5Y*
- 29.31%
- 10Y*
- —
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SMH3.L vs. 2GOO.L - Expense Ratio Comparison
Both SMH3.L and 2GOO.L have an expense ratio of 0.75%.
Return for Risk
SMH3.L vs. 2GOO.L — Risk / Return Rank
SMH3.L
2GOO.L
SMH3.L vs. 2GOO.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long Semiconductors ETP Securities (SMH3.L) and Leverage Shares 2x Alphabet ETC A GBP (2GOO.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.
| SMH3.L | 2GOO.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.75 | 3.13 | -0.38 |
Sortino ratioReturn per unit of downside risk | 2.78 | 3.50 | -0.72 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.41 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 6.66 | 4.89 | +1.77 |
Martin ratioReturn relative to average drawdown | 21.41 | 17.64 | +3.77 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SMH3.L | 2GOO.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.75 | 3.13 | -0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.50 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.72 | -0.57 |
Correlation
The correlation between SMH3.L and 2GOO.L is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
SMH3.L vs. 2GOO.L - Dividend Comparison
Neither SMH3.L nor 2GOO.L has paid dividends to shareholders.
Drawdowns
SMH3.L vs. 2GOO.L - Drawdown Comparison
The maximum SMH3.L drawdown since its inception was -89.37%, which is greater than 2GOO.L's maximum drawdown of -73.19%. Use the drawdown chart below to compare losses from any high point for SMH3.L and 2GOO.L.
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Drawdown Indicators
| SMH3.L | 2GOO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.37% | -69.73% | -19.64% |
Max Drawdown (1Y)Largest decline over 1 year | -43.09% | -35.69% | -7.40% |
Max Drawdown (5Y)Largest decline over 5 years | — | -69.73% | — |
Current DrawdownCurrent decline from peak | -24.85% | -26.34% | +1.49% |
Average DrawdownAverage peak-to-trough decline | -50.06% | -25.45% | -24.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.21% | 10.12% | +2.09% |
Volatility
SMH3.L vs. 2GOO.L - Volatility Comparison
Leverage Shares 3x Long Semiconductors ETP Securities (SMH3.L) has a higher volatility of 30.75% compared to Leverage Shares 2x Alphabet ETC A GBP (2GOO.L) at 16.67%. This indicates that SMH3.L's price experiences larger fluctuations and is considered to be riskier than 2GOO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMH3.L | 2GOO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.75% | 16.67% | +14.08% |
Volatility (6M)Calculated over the trailing 6-month period | 67.92% | 38.44% | +29.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 97.22% | 58.92% | +38.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 99.97% | 60.40% | +39.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 99.97% | 63.19% | +36.78% |