18MF.DE vs. DEL2.DE
18MF.DE (Amundi ETF Leveraged MSCI USA Daily UCITS ETF) and DEL2.DE (L&G DAX Daily 2x Long UCITS ETF) are both Leveraged Equities funds - 18MF.DE tracks the MSCI USA Index (200%) while DEL2.DE tracks the LevDAX x2 Index. Both are passively managed. Over the past 10 years, 18MF.DE returned 24.04%/yr vs 12.84%/yr for DEL2.DE. A 0.65 correlation means they provide meaningful diversification when combined. 18MF.DE charges 0.50%/yr vs 0.40%/yr for DEL2.DE.
Performance
18MF.DE vs. DEL2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 18MF.DE achieves a 21.77% return, which is significantly higher than DEL2.DE's -2.40% return. Over the past 10 years, 18MF.DE has outperformed DEL2.DE with an annualized return of 24.04%, while DEL2.DE has yielded a comparatively lower 12.84% annualized return.
18MF.DE
- 1D
- -2.45%
- 1M
- 1.46%
- 6M
- 17.56%
- YTD
- 21.77%
- 1Y
- 40.50%
- 3Y*
- 32.11%
- 5Y*
- 20.29%
- 10Y*
- 24.04%
DEL2.DE
- 1D
- -0.64%
- 1M
- -1.62%
- 6M
- -7.98%
- YTD
- -2.40%
- 1Y
- -4.17%
- 3Y*
- 22.71%
- 5Y*
- 11.97%
- 10Y*
- 12.84%
18MF.DE vs. DEL2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
18MF.DE Amundi ETF Leveraged MSCI USA Daily UCITS ETF | 21.77% | 1.66% | 64.14% | 43.16% | -33.46% | 88.21% | 5.26% | 77.73% | -5.67% | 12.00% |
DEL2.DE L&G DAX Daily 2x Long UCITS ETF | -2.40% | 38.93% | 30.47% | 34.91% | -28.24% | 29.94% | -5.25% | 52.22% | -35.31% | 23.94% |
Correlation
The correlation between 18MF.DE and DEL2.DE is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2010 | 0.65 |
The correlation between 18MF.DE and DEL2.DE shifts across timeframes, from 0.55 (3 years) to 0.66 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
18MF.DE vs. DEL2.DE — Risk / Return Rank
18MF.DE
DEL2.DE
18MF.DE vs. DEL2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi ETF Leveraged MSCI USA Daily UCITS ETF (18MF.DE) and L&G DAX Daily 2x Long UCITS ETF (DEL2.DE). 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.
| 18MF.DE | DEL2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.85 | ||
| Sortino ratioReturn per unit of downside risk | +2.24 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.01 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 2.81 | -0.17 | +2.98 |
| Martin ratioReturn relative to average drawdown | 9.41 | -0.48 | +9.89 |
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Drawdowns
18MF.DE vs. DEL2.DE - Drawdown Comparison
The maximum 18MF.DE drawdown since its inception was -59.64%, smaller than the maximum DEL2.DE drawdown of -65.30%. Use the drawdown chart below to compare losses from any high point for 18MF.DE and DEL2.DE.
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Drawdown Indicators
| 18MF.DE | DEL2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.64% | -65.30% | +5.66% |
Max Drawdown (1Y)Largest decline over 1 year | -14.34% | -24.33% | +9.99% |
Max Drawdown (3Y)Largest decline over 3 years | -42.91% | -29.92% | -12.99% |
Max Drawdown (5Y)Largest decline over 5 years | -42.91% | -48.89% | +5.98% |
Max Drawdown (10Y)Largest decline over 10 years | -59.64% | -65.30% | +5.66% |
Current DrawdownCurrent decline from peak | -2.73% | -9.05% | +6.32% |
Average DrawdownAverage peak-to-trough decline | -9.87% | -16.56% | +6.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.29% | 8.69% | -4.40% |
Volatility
18MF.DE vs. DEL2.DE - Volatility Comparison
The current volatility for Amundi ETF Leveraged MSCI USA Daily UCITS ETF (18MF.DE) is 6.09%, while L&G DAX Daily 2x Long UCITS ETF (DEL2.DE) has a volatility of 9.21%. This indicates that 18MF.DE experiences smaller price fluctuations and is considered to be less risky than DEL2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 18MF.DE | DEL2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.09% | 9.21% | -3.12% |
Volatility (6M)Calculated over the trailing 6-month period | 16.04% | 26.86% | -10.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.78% | 32.39% | -8.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.97% | 34.25% | -3.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.53% | 36.06% | -3.53% |
18MF.DE vs. DEL2.DE - Expense Ratio Comparison
18MF.DE has a 0.50% expense ratio, which is higher than DEL2.DE's 0.40% expense ratio.
Dividends
18MF.DE vs. DEL2.DE - Dividend Comparison
Neither 18MF.DE nor DEL2.DE has paid dividends to shareholders.
Frequently Asked Questions
18MF.DE and DEL2.DE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DEL2.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DEL2.DE is cheaper with a 0.40% expense ratio, compared with 0.50% for 18MF.DE.
18MF.DE tracks MSCI USA Index (200%), while DEL2.DE tracks LevDAX x2 Index. They also come from different issuers: Amundi and L&G. Their fees differ too: 0.50% for 18MF.DE and 0.40% for DEL2.DE.
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