- Issuer
- L&G
- Inception Date
- Jun 15, 2009
- Region
- Europe (Germany)
- Category
- Leveraged Equities
- Leveraged
- 2x
- Index Tracked
- LevDAX x2 Index
- Domicile
- Ireland
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
DEL2.DE Performance Chart
L&G DAX Daily 2x Long UCITS ETF (DEL2.DE) is down 2.2% since the beginning of the year. DEL2.DE is currently trading at €680 per share. Investors who bought €1,000 worth of DEL2.DE shares 5 years ago would now be looking at an investment worth €1,763.
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Returns By Period
L&G DAX Daily 2x Long UCITS ETF (DEL2.DE) has returned -2.20% so far this year and -1.66% over the past 12 months. Over the last ten years, DEL2.DE has had an annualized return of 12.68%, just under the S&P 500 Index benchmark’s 12.92%.
L&G DAX Daily 2x Long UCITS ETF
- 1D
- -1.36%
- 1M
- -1.11%
- 6M
- -7.79%
- YTD
- -2.20%
- 1Y
- -1.66%
- 3Y*
- 23.05%
- 5Y*
- 12.01%
- 10Y*
- 12.68%
Benchmark (S&P 500 Index)
- 1D
- -0.09%
- 1M
- 1.27%
- 6M
- 10.98%
- YTD
- 13.27%
- 1Y
- 22.64%
- 3Y*
- 18.04%
- 5Y*
- 12.49%
- 10Y*
- 12.92%
DEL2.DE Monthly Returns History
Based on dividend-adjusted daily data since Aug 18, 2009, DEL2.DE's average daily return is +0.08%, while the average monthly return is +1.46%. At this rate, an investment would double in approximately 4.0 years.
Historically, 57% of months were positive and 43% were negative. The best month was Nov 2020 with a return of +31.7%, while the worst month was Aug 2011 at -36.1%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, DEL2.DE closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +21.9%, while the worst single day was Mar 12, 2020 at -24.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.29% | 5.45% | -20.23% | 13.31% | 6.19% | -1.65% | -1.46% | -2.20% | |||||
| 2025 | 18.35% | 6.94% | -3.95% | 0.76% | 13.18% | -1.20% | 0.57% | -1.83% | -1.11% | 0.42% | -1.62% | 5.16% | 38.93% |
| 2024 | 1.13% | 8.88% | 8.81% | -6.55% | 6.00% | -3.61% | 2.31% | 3.41% | 3.79% | -3.34% | 5.12% | 2.22% | 30.47% |
| 2023 | 17.31% | 2.64% | 2.75% | 3.31% | -3.91% | 5.86% | 3.26% | -6.67% | -7.57% | -8.15% | 19.43% | 6.20% | 34.91% |
| 2022 | -5.57% | -12.95% | -2.30% | -4.42% | 3.53% | -21.51% | 10.56% | -9.61% | -11.80% | 19.44% | 17.49% | -7.00% | -28.24% |
| 2021 | -4.39% | 5.33% | 17.94% | 1.67% | 3.48% | 1.29% | -0.16% | 3.54% | -7.33% | 5.32% | -7.46% | 9.96% | 29.94% |
Benchmark Metrics
L&G DAX Daily 2x Long UCITS ETF has an annualized alpha of 1.02%, beta of 1.13, and R2 of 0.26 versus S&P 500 Index. Calculated based on daily prices since August 18, 2009.
- This ETF participated in 181.29% of S&P 500 Index downside but only 159.26% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.26 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 1.02%
- Beta
- 1.13
- R²
- 0.26
- Upside Capture
- 159.26%
- Downside Capture
- 181.29%
Expense Ratio
DEL2.DE has an expense ratio of 0.40%, placing it in the medium range.
Return for Risk
Risk / Return Rank
DEL2.DE ranks 9 for risk / return — in the bottom 9% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for L&G DAX Daily 2x Long UCITS ETF (DEL2.DE) and compare them to S&P 500 Index.
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.
| DEL2.DE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.84 | ||
| Sortino ratioReturn per unit of downside risk | -2.18 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.33 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 3.01 | -3.05 |
| Martin ratioReturn relative to average drawdown | -0.14 | 11.10 | -11.24 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the L&G DAX Daily 2x Long UCITS ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the L&G DAX Daily 2x Long UCITS ETF was 65.30%, occurring on Mar 18, 2020. Recovery took 261 trading sessions.
The current L&G DAX Daily 2x Long UCITS ETF drawdown is 8.86%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-65.30%Mar 2020 | 2y 1mo | 1y 12d | 3y 2moJan 2018 - Mar 2021 | COVID crash2020 |
-56.64%Sep 2011 | 4mo 12d | 1y 8mo | 2y 12dMay 2011 - May 2013 | — |
-53.38%Feb 2016 | 10mo 4d | 1y 8mo | 2y 6moApr 2015 - Nov 2017 | — |
-48.89%Sep 2022 | 10mo 15d | 1y 5mo | 2y 3moNov 2021 - Feb 2024 | Bear market2022 |
-29.92%Apr 2025 | 21d | 1mo 4d | 1mo 25dMar 2025 - May 2025 | 2025 selloff2025 |
Drawdown Indicators
| DEL2.DE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.30% | -51.17% | -14.13% |
Max Drawdown (1Y)Largest decline over 1 year | -24.33% | -7.57% | -16.76% |
Max Drawdown (3Y)Largest decline over 3 years | -29.92% | -23.99% | -5.93% |
Max Drawdown (5Y)Largest decline over 5 years | -48.89% | -23.99% | -24.90% |
Max Drawdown (10Y)Largest decline over 10 years | -65.30% | -33.42% | -31.88% |
Current DrawdownCurrent decline from peak | -8.86% | -0.52% | -8.34% |
Average DrawdownAverage peak-to-trough decline | -16.56% | -8.90% | -7.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.67% | 2.04% | +6.63% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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