TLTI.L vs. 2MU.L
TLTI.L (IncomeShares 20+ Year Treasury (TLT) Options ETP) and 2MU.L (Leverage Shares 2x Micron Technology ETC GBP) are both exchange-traded funds - TLTI.L is a Derivative Income fund actively managed by Leverage Shares, while 2MU.L is a Leveraged Equities fund tracking the iSTOXX Leveraged 2X MU Index. TLTI.L is actively managed, while 2MU.L is passively managed. Over the past year, TLTI.L returned 1.07% vs 2880.95% for 2MU.L. At a 0.02 correlation, their price movements are largely independent. TLTI.L charges 0.55%/yr vs 0.75%/yr for 2MU.L.
Performance
TLTI.L vs. 2MU.L - Performance Comparison
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Different Trading Currencies
TLTI.L is traded in USD, while 2MU.L is traded in GBp. To make them comparable, the 2MU.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, TLTI.L achieves a -1.11% return, which is significantly lower than 2MU.L's 447.38% return.
TLTI.L
- 1D
- -0.46%
- 1M
- -2.42%
- 6M
- -2.18%
- YTD
- -1.11%
- 1Y
- 1.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
2MU.L
- 1D
- 0.00%
- 1M
- -38.26%
- 6M
- 279.43%
- YTD
- 447.38%
- 1Y
- 2,880.95%
- 3Y*
- 256.28%
- 5Y*
- 83.35%
- 10Y*
- —
TLTI.L vs. 2MU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TLTI.L IncomeShares 20+ Year Treasury (TLT) Options ETP | -1.11% | 9,999.74% |
2MU.L Leverage Shares 2x Micron Technology ETC GBP | 447.38% | 365.16% |
Correlation
The correlation between TLTI.L and 2MU.L is 0.01, 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 | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2025 | 0.02 |
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Return for Risk
TLTI.L vs. 2MU.L — Risk / Return Rank
TLTI.L
2MU.L
TLTI.L vs. 2MU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares 20+ Year Treasury (TLT) Options ETP (TLTI.L) and Leverage Shares 2x Micron Technology ETC GBP (2MU.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.
| TLTI.L | 2MU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -18.51 | ||
| Sortino ratioReturn per unit of downside risk | -4.97 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.66 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | 0.08 | 54.01 | -53.93 |
| Martin ratioReturn relative to average drawdown | 0.11 | 164.25 | -164.14 |
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Drawdowns
TLTI.L vs. 2MU.L - Drawdown Comparison
The maximum TLTI.L drawdown since its inception was -30.03%, smaller than the maximum 2MU.L drawdown of -89.07%. Use the drawdown chart below to compare losses from any high point for TLTI.L and 2MU.L.
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Drawdown Indicators
| TLTI.L | 2MU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.03% | -89.07% | +59.04% |
Max Drawdown (1Y)Largest decline over 1 year | -30.03% | -53.34% | +23.31% |
Max Drawdown (3Y)Largest decline over 3 years | — | -89.07% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -89.07% | — |
Current DrawdownCurrent decline from peak | -28.96% | -51.61% | +22.65% |
Average DrawdownAverage peak-to-trough decline | -19.51% | -45.68% | +26.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.24% | 17.54% | +5.70% |
Volatility
TLTI.L vs. 2MU.L - Volatility Comparison
The current volatility for IncomeShares 20+ Year Treasury (TLT) Options ETP (TLTI.L) is 3.39%, while Leverage Shares 2x Micron Technology ETC GBP (2MU.L) has a volatility of 57.88%. This indicates that TLTI.L experiences smaller price fluctuations and is considered to be less risky than 2MU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TLTI.L | 2MU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.39% | 57.88% | -54.49% |
Volatility (6M)Calculated over the trailing 6-month period | 7.01% | 113.70% | -106.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.10% | 155.28% | -113.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9,800.84% | 112.74% | +9,688.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9,800.84% | 106.90% | +9,693.94% |
TLTI.L vs. 2MU.L - Expense Ratio Comparison
TLTI.L has a 0.55% expense ratio, which is lower than 2MU.L's 0.75% expense ratio.
Dividends
TLTI.L vs. 2MU.L - Dividend Comparison
TLTI.L's dividend yield for the trailing twelve months is around 10.39%, while 2MU.L has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
2MU.L Leverage Shares 2x Micron Technology ETC GBP | 0.00% | 0.00% |
TLTI.L IncomeShares 20+ Year Treasury (TLT) Options ETP | 10.39% | 2.73% |
Frequently Asked Questions
TLTI.L and 2MU.L have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TLTI.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TLTI.L is cheaper with a 0.55% expense ratio, compared with 0.75% for 2MU.L.
TLTI.L is categorized as Derivative Income, while 2MU.L is Leveraged Equities. Their fees differ too: 0.55% for TLTI.L and 0.75% for 2MU.L.
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