3AME.L vs. DEL2.L
3AME.L (Leverage Shares 3x Amazon ETC EUR) and DEL2.L (L&G DAX Daily 2x Long UCITS ETF EUR (Acc)) are both Leveraged Equities funds - 3AME.L tracks the iSTOXX Leveraged 3X AMZN Index while DEL2.L tracks the LevDAX x2 Index Gross TR EUR. Both are passively managed. Over the past 5 years, 3AME.L returned -25.72%/yr vs 12.10%/yr for DEL2.L. At a 0.42 correlation, their price movements are largely independent. 3AME.L charges 0.75%/yr vs 0.40%/yr for DEL2.L.
Performance
3AME.L vs. DEL2.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, 3AME.L achieves a 8.68% return, which is significantly higher than DEL2.L's -1.71% return.
3AME.L
- 1D
- -0.12%
- 1M
- 6.13%
- 6M
- 0.37%
- YTD
- 8.68%
- 1Y
- -3.55%
- 3Y*
- 20.69%
- 5Y*
- -25.72%
- 10Y*
- —
DEL2.L
- 1D
- -1.27%
- 1M
- -1.11%
- 6M
- -8.34%
- YTD
- -1.71%
- 1Y
- -1.68%
- 3Y*
- 23.12%
- 5Y*
- 12.10%
- 10Y*
- 12.65%
3AME.L vs. DEL2.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
3AME.L Leverage Shares 3x Amazon ETC EUR | 8.68% | -41.30% | 120.76% | 275.32% | -94.50% | -6.26% | 71.17% |
DEL2.L L&G DAX Daily 2x Long UCITS ETF EUR (Acc) | -1.71% | 37.26% | 31.65% | 34.68% | -27.71% | 30.03% | 15.76% |
Correlation
The correlation between 3AME.L and DEL2.L is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.42 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
3AME.L vs. DEL2.L — Risk / Return Rank
3AME.L
DEL2.L
3AME.L vs. DEL2.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Amazon ETC EUR (3AME.L) and L&G DAX Daily 2x Long UCITS ETF EUR (Acc) (DEL2.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.
| 3AME.L | DEL2.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.02 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | -0.06 | 0.00 |
| Martin ratioReturn relative to average drawdown | -0.11 | -0.19 | +0.08 |
Loading charts...
Drawdowns
3AME.L vs. DEL2.L - Drawdown Comparison
The maximum 3AME.L drawdown since its inception was -96.64%, which is greater than DEL2.L's maximum drawdown of -64.67%. Use the drawdown chart below to compare losses from any high point for 3AME.L and DEL2.L.
Loading charts...
Drawdown Indicators
| 3AME.L | DEL2.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.64% | -64.67% | -31.97% |
Max Drawdown (1Y)Largest decline over 1 year | -59.72% | -26.77% | -32.95% |
Max Drawdown (3Y)Largest decline over 3 years | -73.01% | -30.23% | -42.78% |
Max Drawdown (5Y)Largest decline over 5 years | -96.25% | -49.13% | -47.12% |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.67% | — |
Current DrawdownCurrent decline from peak | -81.63% | -8.66% | -72.97% |
Average DrawdownAverage peak-to-trough decline | -68.95% | -16.34% | -52.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.08% | 8.68% | +22.40% |
Volatility
3AME.L vs. DEL2.L - Volatility Comparison
Leverage Shares 3x Amazon ETC EUR (3AME.L) has a higher volatility of 31.29% compared to L&G DAX Daily 2x Long UCITS ETF EUR (Acc) (DEL2.L) at 9.37%. This indicates that 3AME.L's price experiences larger fluctuations and is considered to be riskier than DEL2.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| 3AME.L | DEL2.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 31.29% | 9.37% | +21.92% |
Volatility (6M)Calculated over the trailing 6-month period | 75.56% | 27.90% | +47.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 95.52% | 33.05% | +62.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 102.86% | 34.41% | +68.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 100.86% | 36.20% | +64.66% |
3AME.L vs. DEL2.L - Expense Ratio Comparison
3AME.L has a 0.75% expense ratio, which is higher than DEL2.L's 0.40% expense ratio.
Dividends
3AME.L vs. DEL2.L - Dividend Comparison
Neither 3AME.L nor DEL2.L has paid dividends to shareholders.
Frequently Asked Questions
3AME.L and DEL2.L have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DEL2.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DEL2.L is cheaper with a 0.40% expense ratio, compared with 0.75% for 3AME.L.
3AME.L tracks iSTOXX Leveraged 3X AMZN Index, while DEL2.L tracks LevDAX x2 Index Gross TR EUR. They also come from different issuers: Leverage Shares and L&G. Their fees differ too: 0.75% for 3AME.L and 0.40% for DEL2.L.
Find the right allocation for 3AME.L and DEL2.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer