3ABN.L vs. DS2P.L
3ABN.L (Leverage Shares 3x Airbnb ETP Securities GBP) and DS2P.L (L&G DAX Daily 2x Short UCITS ETF EUR (Acc)) are both Leveraged Equities funds - 3ABN.L tracks the iSTOXX Leveraged 3x ABNB Index while DS2P.L tracks the ShortDAX x2 Index Gross TR EUR. Both are passively managed. Over the past 5 years, 3ABN.L returned 50.35%/yr vs -20.16%/yr for DS2P.L. At a correlation of -0.41, they often move in opposite directions. 3ABN.L charges 0.75%/yr vs 0.50%/yr for DS2P.L.
Performance
3ABN.L vs. DS2P.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3ABN.L achieves a -5.76% return, which is significantly higher than DS2P.L's -11.00% return.
3ABN.L
- 1D
- -3.18%
- 1M
- 4.22%
- 6M
- 8.93%
- YTD
- -5.76%
- 1Y
- -25.06%
- 3Y*
- 221.31%
- 5Y*
- 50.35%
- 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%
3ABN.L vs. DS2P.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
3ABN.L Leverage Shares 3x Airbnb ETP Securities GBP | -5.76% | 12,759.06% | -45.96% | 65.33% | -95.15% | -22.60% |
DS2P.L L&G DAX Daily 2x Short UCITS ETF EUR (Acc) | -11.00% | -29.68% | -28.35% | -29.73% | 13.75% | -8.30% |
Correlation
The correlation between 3ABN.L and DS2P.L is -0.35, 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 | -0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.41 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2021 | -0.41 |
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Return for Risk
3ABN.L vs. DS2P.L — Risk / Return Rank
3ABN.L
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DS2P.L
3ABN.L vs. DS2P.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Airbnb ETP Securities GBP (3ABN.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.
| 3ABN.L | DS2P.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 0.99 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.44 | -0.27 | -0.17 |
| Martin ratioReturn relative to average drawdown | -0.64 | -0.58 | -0.06 |
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Drawdowns
3ABN.L vs. DS2P.L - Drawdown Comparison
The maximum 3ABN.L drawdown since its inception was -99.81%, roughly equal to the maximum DS2P.L drawdown of -99.62%. Use the drawdown chart below to compare losses from any high point for 3ABN.L and DS2P.L.
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Drawdown Indicators
| 3ABN.L | DS2P.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.81% | -99.62% | -0.19% |
Max Drawdown (1Y)Largest decline over 1 year | -56.74% | -27.26% | -29.48% |
Max Drawdown (3Y)Largest decline over 3 years | -99.81% | -67.63% | -32.18% |
Max Drawdown (5Y)Largest decline over 5 years | -99.81% | -78.85% | -20.96% |
Max Drawdown (10Y)Largest decline over 10 years | — | -93.76% | — |
Current DrawdownCurrent decline from peak | -99.70% | -99.59% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -85.82% | -89.22% | +3.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.12% | 12.82% | +26.30% |
Volatility
3ABN.L vs. DS2P.L - Volatility Comparison
Leverage Shares 3x Airbnb ETP Securities GBP (3ABN.L) has a higher volatility of 29.69% compared to L&G DAX Daily 2x Short UCITS ETF EUR (Acc) (DS2P.L) at 9.45%. This indicates that 3ABN.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
| 3ABN.L | DS2P.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.69% | 9.45% | +20.24% |
Volatility (6M)Calculated over the trailing 6-month period | 73.41% | 28.11% | +45.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 90.47% | 34.11% | +56.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2,260,368.84% | 36.73% | +2,260,332.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2,238,238.22% | 38.73% | +2,238,199.49% |
3ABN.L vs. DS2P.L - Expense Ratio Comparison
3ABN.L has a 0.75% expense ratio, which is higher than DS2P.L's 0.50% expense ratio.
Dividends
3ABN.L vs. DS2P.L - Dividend Comparison
Neither 3ABN.L nor DS2P.L has paid dividends to shareholders.
Frequently Asked Questions
3ABN.L and DS2P.L have a correlation of -0.35, 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 3ABN.L.
3ABN.L tracks iSTOXX Leveraged 3x ABNB 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 3ABN.L and 0.50% for DS2P.L.
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