3AMD.L vs. DS2P.L
3AMD.L (Leverage Shares 3x AMD ETC GBP) and DS2P.L (L&G DAX Daily 2x Short UCITS ETF EUR (Acc)) are both Leveraged Equities funds - 3AMD.L tracks the iSTOXX Leveraged 3x AMD Index while DS2P.L tracks the ShortDAX x2 Index Gross TR EUR. Both are passively managed. Over the past 5 years, 3AMD.L returned -2.85%/yr vs -20.16%/yr for DS2P.L. At a correlation of -0.43, they often move in opposite directions. 3AMD.L charges 0.75%/yr vs 0.50%/yr for DS2P.L.
Performance
3AMD.L vs. DS2P.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3AMD.L achieves a 345.21% return, which is significantly higher than DS2P.L's -11.00% return.
3AMD.L
- 1D
- -12.57%
- 1M
- -29.47%
- 6M
- 258.72%
- YTD
- 345.21%
- 1Y
- 526.67%
- 3Y*
- 37.82%
- 5Y*
- -2.85%
- 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%
3AMD.L vs. DS2P.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
3AMD.L Leverage Shares 3x AMD ETC GBP | 345.21% | 53.76% | -76.38% | 448.82% | -97.41% | 341.88% |
DS2P.L L&G DAX Daily 2x Short UCITS ETF EUR (Acc) | -11.00% | -29.68% | -28.35% | -29.73% | 13.75% | -10.01% |
Correlation
The correlation between 3AMD.L and DS2P.L is -0.40, 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 | -0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.43 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2021 | -0.43 |
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Return for Risk
3AMD.L vs. DS2P.L — Risk / Return Rank
3AMD.L
DS2P.L
3AMD.L vs. DS2P.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x AMD ETC GBP (3AMD.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.
| 3AMD.L | DS2P.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.81 | ||
| Sortino ratioReturn per unit of downside risk | +3.36 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 0.99 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 6.84 | -0.27 | +7.11 |
| Martin ratioReturn relative to average drawdown | 12.42 | -0.58 | +13.00 |
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Drawdowns
3AMD.L vs. DS2P.L - Drawdown Comparison
The maximum 3AMD.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 3AMD.L and DS2P.L.
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Drawdown Indicators
| 3AMD.L | DS2P.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.50% | -99.62% | +0.12% |
Max Drawdown (1Y)Largest decline over 1 year | -76.34% | -27.26% | -49.08% |
Max Drawdown (3Y)Largest decline over 3 years | -97.93% | -67.63% | -30.30% |
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 | -83.16% | -99.59% | +16.43% |
Average DrawdownAverage peak-to-trough decline | -83.19% | -89.22% | +6.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.13% | 12.82% | +29.31% |
Volatility
3AMD.L vs. DS2P.L - Volatility Comparison
Leverage Shares 3x AMD ETC GBP (3AMD.L) has a higher volatility of 71.57% compared to L&G DAX Daily 2x Short UCITS ETF EUR (Acc) (DS2P.L) at 9.45%. This indicates that 3AMD.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
| 3AMD.L | DS2P.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 71.57% | 9.45% | +62.12% |
Volatility (6M)Calculated over the trailing 6-month period | 154.80% | 28.11% | +126.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 201.90% | 34.11% | +167.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 162.48% | 36.73% | +125.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 161.04% | 38.73% | +122.31% |
3AMD.L vs. DS2P.L - Expense Ratio Comparison
3AMD.L has a 0.75% expense ratio, which is higher than DS2P.L's 0.50% expense ratio.
Dividends
3AMD.L vs. DS2P.L - Dividend Comparison
Neither 3AMD.L nor DS2P.L has paid dividends to shareholders.
Frequently Asked Questions
3AMD.L and DS2P.L have a correlation of -0.40, 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 3AMD.L.
3AMD.L tracks iSTOXX Leveraged 3x 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 3AMD.L and 0.50% for DS2P.L.
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