- Issuer
- L&G
- Inception Date
- Jun 15, 2009
- Category
- Technology Equities
- Leveraged
- 2x
- Index Tracked
- L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF
- Distribution Policy
- Accumulating
- Asset Class
- Equity
Share Price Chart
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Performance
LUK2.L Performance Chart
L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF (LUK2.L) is up 10.5% since the beginning of the year. LUK2.L is currently trading at £617 per share. Investors who bought £1,000 worth of LUK2.L shares 5 years ago would now be looking at an investment worth £2,176.
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Returns By Period
L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF (LUK2.L) has returned 10.52% so far this year and 34.49% over the past 12 months. Over the last ten years, LUK2.L has returned 10.28% per year, falling short of the S&P 500 Index benchmark, which averaged 13.06% annually.
L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF
- 1D
- -0.45%
- 1M
- 0.70%
- 6M
- 5.28%
- YTD
- 10.52%
- 1Y
- 34.49%
- 3Y*
- 23.66%
- 5Y*
- 16.82%
- 10Y*
- 10.28%
Benchmark (S&P 500 Index)
- 1D
- -0.66%
- 1M
- -0.64%
- 6M
- 8.66%
- YTD
- 10.17%
- 1Y
- 19.99%
- 3Y*
- 17.60%
- 5Y*
- 12.23%
- 10Y*
- 13.06%
LUK2.L Monthly Returns History
Based on dividend-adjusted daily data since Jun 18, 2009, LUK2.L's average daily return is +0.06%, while the average monthly return is +1.19%. At this rate, an investment would double in approximately 4.9 years.
Historically, 61% of months were positive and 39% were negative. The best month was Nov 2020 with a return of +26.7%, while the worst month was Mar 2020 at -28.3%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 5 months.
On a daily basis, LUK2.L closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +17.1%, while the worst single day was Mar 12, 2020 at -19.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.75% | 13.71% | -12.76% | 3.50% | 0.78% | 1.59% | -0.58% | 10.52% | |||||
| 2025 | 12.05% | 2.96% | -4.53% | -3.27% | 7.17% | -0.34% | 8.07% | 1.75% | 3.24% | 7.38% | 0.02% | 3.58% | 43.73% |
| 2024 | -3.04% | 0.26% | 8.97% | 4.66% | 3.47% | -2.60% | 3.85% | 0.90% | -3.55% | -3.80% | 4.66% | -3.42% | 9.81% |
| 2023 | 7.66% | 2.88% | -5.60% | 6.01% | -10.07% | 2.07% | 4.07% | -5.60% | 4.13% | -8.28% | 3.79% | 7.59% | 6.59% |
| 2022 | 1.71% | 0.40% | 2.41% | 0.69% | 1.26% | -11.08% | 7.40% | -2.53% | -10.50% | 5.69% | 14.22% | -3.23% | 3.75% |
| 2021 | -1.87% | 2.08% | 9.23% | 7.76% | 2.00% | 0.69% | -0.63% | 3.93% | -0.24% | 4.04% | -4.70% | 8.91% | 34.76% |
Benchmark Metrics
L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF has an annualized alpha of 1.97%, beta of 0.90, and R2 of 0.25 versus S&P 500 Index. Calculated based on daily prices since June 18, 2009.
- This ETF participated in 129.15% of S&P 500 Index downside but only 108.05% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.25 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
- 1.97%
- Beta
- 0.90
- R²
- 0.25
- Upside Capture
- 108.05%
- Downside Capture
- 129.15%
Expense Ratio
LUK2.L has an expense ratio of 0.50%, placing it in the medium range.
Return for Risk
Risk / Return Rank
LUK2.L ranks 49 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF (LUK2.L) 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.
| LUK2.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.31 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 2.50 | -0.66 |
| Martin ratioReturn relative to average drawdown | 5.39 | 9.11 | -3.72 |
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 FTSE 100 Leveraged (Daily 2x) 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 FTSE 100 Leveraged (Daily 2x) UCITS ETF was 58.84%, occurring on Mar 23, 2020. Recovery took 703 trading sessions.
The current L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF drawdown is 8.09%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-58.84%Mar 2020 | 2mo 3d | 2y 9mo | 2y 11moJan 2020 - Jan 2023 | COVID crash2020 |
-39.28%Feb 2016 | 10mo 1d | 7mo 26d | 1y 5moApr 2015 - Oct 2016 | — |
-34.38%Oct 2011 | 7mo 19d | 1y 3mo | 1y 10moFeb 2011 - Jan 2013 | — |
-32.17%Jul 2010 | 2mo 16d | 4mo 6d | 6mo 22dApr 2010 - Nov 2010 | — |
-28.97%Dec 2018 | 7mo 8d | 1y 21d | 1y 7moMay 2018 - Jan 2020 | Rate-hike selloffLate 2018 |
Drawdown Indicators
| LUK2.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.84% | -37.07% | -21.77% |
Max Drawdown (1Y)Largest decline over 1 year | -18.55% | -8.03% | -10.52% |
Max Drawdown (3Y)Largest decline over 3 years | -25.42% | -22.15% | -3.27% |
Max Drawdown (5Y)Largest decline over 5 years | -25.42% | -22.15% | -3.27% |
Max Drawdown (10Y)Largest decline over 10 years | -58.84% | -26.01% | -32.83% |
Current DrawdownCurrent decline from peak | -8.09% | -1.42% | -6.67% |
Average DrawdownAverage peak-to-trough decline | -10.68% | -5.29% | -5.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.34% | 2.20% | +4.14% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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