3GDE.L vs. DEL2.L
3GDE.L (Leverage Shares 3x Long Gold Miners ETC EUR) and DEL2.L (L&G DAX Daily 2x Long UCITS ETF EUR (Acc)) are both Leveraged Equities funds. 3GDE.L is actively managed, while DEL2.L is passively managed. Over the past year, 3GDE.L returned 17.23% vs -4.25% for DEL2.L. At a 0.34 correlation, their price movements are largely independent. 3GDE.L charges 0.75%/yr vs 0.40%/yr for DEL2.L.
Performance
3GDE.L vs. DEL2.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3GDE.L achieves a -67.70% return, which is significantly lower than DEL2.L's -2.00% return.
3GDE.L
- 1D
- 0.00%
- 1M
- -50.45%
- 6M
- -76.88%
- YTD
- -67.70%
- 1Y
- 17.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DEL2.L
- 1D
- -0.29%
- 1M
- -1.52%
- 6M
- -7.87%
- YTD
- -2.00%
- 1Y
- -4.25%
- 3Y*
- 22.69%
- 5Y*
- 12.03%
- 10Y*
- 12.82%
3GDE.L vs. DEL2.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
3GDE.L Leverage Shares 3x Long Gold Miners ETC EUR | -67.70% | 690.23% | -18.68% |
DEL2.L L&G DAX Daily 2x Long UCITS ETF EUR (Acc) | -2.00% | 37.26% | 16.37% |
Correlation
The correlation between 3GDE.L and DEL2.L is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2024 | 0.34 |
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Return for Risk
3GDE.L vs. DEL2.L — Risk / Return Rank
3GDE.L
DEL2.L
3GDE.L vs. DEL2.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long Gold Miners ETC EUR (3GDE.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.
| 3GDE.L | DEL2.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.01 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.21 | -0.16 | +0.36 |
| Martin ratioReturn relative to average drawdown | 0.40 | -0.49 | +0.88 |
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Drawdowns
3GDE.L vs. DEL2.L - Drawdown Comparison
The maximum 3GDE.L drawdown since its inception was -84.22%, 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 3GDE.L and DEL2.L.
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Drawdown Indicators
| 3GDE.L | DEL2.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.22% | -64.67% | -19.55% |
Max Drawdown (1Y)Largest decline over 1 year | -84.22% | -26.77% | -57.45% |
Max Drawdown (3Y)Largest decline over 3 years | — | -30.23% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -49.13% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.67% | — |
Current DrawdownCurrent decline from peak | -84.22% | -8.93% | -75.29% |
Average DrawdownAverage peak-to-trough decline | -26.37% | -16.34% | -10.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.49% | 8.70% | +34.79% |
Volatility
3GDE.L vs. DEL2.L - Volatility Comparison
Leverage Shares 3x Long Gold Miners ETC EUR (3GDE.L) has a higher volatility of 44.40% compared to L&G DAX Daily 2x Long UCITS ETF EUR (Acc) (DEL2.L) at 9.34%. This indicates that 3GDE.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.
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Volatility by Period
| 3GDE.L | DEL2.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 44.40% | 9.34% | +35.06% |
Volatility (6M)Calculated over the trailing 6-month period | 116.89% | 27.89% | +89.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 142.91% | 33.05% | +109.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 119.49% | 34.40% | +85.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 119.49% | 36.20% | +83.29% |
3GDE.L vs. DEL2.L - Expense Ratio Comparison
3GDE.L has a 0.75% expense ratio, which is higher than DEL2.L's 0.40% expense ratio.
Dividends
3GDE.L vs. DEL2.L - Dividend Comparison
Neither 3GDE.L nor DEL2.L has paid dividends to shareholders.
Frequently Asked Questions
3GDE.L and DEL2.L have a correlation of 0.43, 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 3GDE.L.
They also come from different issuers: Leverage Shares and L&G. Their fees differ too: 0.75% for 3GDE.L and 0.40% for DEL2.L.
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