2AMD.L vs. DS2P.L
2AMD.L (Leverage Shares 2x Advanced Micro Devices ETC GBP) and DS2P.L (L&G DAX Daily 2x Short UCITS ETF EUR (Acc)) are both Leveraged Equities funds - 2AMD.L tracks the iSTOXX Leveraged 2X AMD Index while DS2P.L tracks the ShortDAX x2 Index Gross TR EUR. Both are passively managed. Over the past 5 years, 2AMD.L returned 42.02%/yr vs -20.16%/yr for DS2P.L. At a correlation of -0.38, they often move in opposite directions. 2AMD.L charges 0.75%/yr vs 0.50%/yr for DS2P.L.
Performance
2AMD.L vs. DS2P.L - Performance Comparison
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Returns By Period
In the year-to-date period, 2AMD.L achieves a 376.62% return, which is significantly higher than DS2P.L's -11.00% return.
2AMD.L
- 1D
- -0.27%
- 1M
- 6.69%
- 6M
- 305.97%
- YTD
- 376.62%
- 1Y
- 600.38%
- 3Y*
- 83.12%
- 5Y*
- 42.02%
- 10Y*
- —
DS2P.L
- 1D
- 0.56%
- 1M
- -1.79%
- 6M
- -1.11%
- YTD
- -11.00%
- 1Y
- -7.47%
- 3Y*
- -24.32%
- 5Y*
- -20.16%
- 10Y*
- -23.39%
2AMD.L vs. DS2P.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
2AMD.L Leverage Shares 2x Advanced Micro Devices ETC GBP | 376.62% | 82.40% | -49.88% | 285.12% | -86.24% | 111.82% | 136.69% |
DS2P.L L&G DAX Daily 2x Short UCITS ETF EUR (Acc) | -11.00% | -29.68% | -28.35% | -29.73% | 13.75% | -35.96% | -24.21% |
Correlation
The correlation between 2AMD.L and DS2P.L is -0.41, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.42 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | -0.38 |
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Return for Risk
2AMD.L vs. DS2P.L — Risk / Return Rank
2AMD.L
DS2P.L
2AMD.L vs. DS2P.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2x Advanced Micro Devices ETC GBP (2AMD.L) and L&G DAX Daily 2x Short UCITS ETF EUR (Acc) (DS2P.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.
| 2AMD.L | DS2P.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.84 | ||
| Sortino ratioReturn per unit of downside risk | +4.13 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 0.99 | +0.51 |
| Calmar ratioReturn relative to maximum drawdown | 13.42 | -0.27 | +13.69 |
| Martin ratioReturn relative to average drawdown | 26.14 | -0.58 | +26.72 |
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Drawdowns
2AMD.L vs. DS2P.L - Drawdown Comparison
The maximum 2AMD.L drawdown since its inception was -99.50%, roughly equal to the maximum DS2P.L drawdown of -99.62%. Use the drawdown chart below to compare losses from any high point for 2AMD.L and DS2P.L.
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Drawdown Indicators
| 2AMD.L | DS2P.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.50% | -99.62% | +0.12% |
Max Drawdown (1Y)Largest decline over 1 year | -55.04% | -27.26% | -27.78% |
Max Drawdown (3Y)Largest decline over 3 years | -89.49% | -67.63% | -21.86% |
Max Drawdown (5Y)Largest decline over 5 years | -99.50% | -78.85% | -20.65% |
Max Drawdown (10Y)Largest decline over 10 years | — | -93.76% | — |
Current DrawdownCurrent decline from peak | -88.86% | -99.59% | +10.73% |
Average DrawdownAverage peak-to-trough decline | -71.10% | -89.22% | +18.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.31% | 12.82% | +15.49% |
Volatility
2AMD.L vs. DS2P.L - Volatility Comparison
Leverage Shares 2x Advanced Micro Devices ETC GBP (2AMD.L) has a higher volatility of 45.27% compared to L&G DAX Daily 2x Short UCITS ETF EUR (Acc) (DS2P.L) at 9.45%. This indicates that 2AMD.L's price experiences larger fluctuations and is considered to be riskier than DS2P.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 2AMD.L | DS2P.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 45.27% | 9.45% | +35.82% |
Volatility (6M)Calculated over the trailing 6-month period | 96.79% | 28.11% | +68.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 131.72% | 34.11% | +97.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4,319.16% | 36.73% | +4,282.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3,905.42% | 38.73% | +3,866.69% |
2AMD.L vs. DS2P.L - Expense Ratio Comparison
2AMD.L has a 0.75% expense ratio, which is higher than DS2P.L's 0.50% expense ratio.
Dividends
2AMD.L vs. DS2P.L - Dividend Comparison
Neither 2AMD.L nor DS2P.L has paid dividends to shareholders.
Frequently Asked Questions
2AMD.L and DS2P.L have a correlation of -0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DS2P.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DS2P.L is cheaper with a 0.50% expense ratio, compared with 0.75% for 2AMD.L.
2AMD.L tracks iSTOXX Leveraged 2X AMD Index, while DS2P.L tracks ShortDAX x2 Index Gross TR EUR. They also come from different issuers: Leverage Shares and L&G. Their fees differ too: 0.75% for 2AMD.L and 0.50% for DS2P.L.
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