3GOO.L vs. DS2P.L
3GOO.L (Leverage Shares 3x Alphabet ETC GBP) and DS2P.L (L&G DAX Daily 2x Short UCITS ETF EUR (Acc)) are both Leveraged Equities funds - 3GOO.L tracks the iSTOXX Leveraged 3X GOOG Index while DS2P.L tracks the ShortDAX x2 Index Gross TR EUR. Both are passively managed. Over the past 5 years, 3GOO.L returned 22.53%/yr vs -20.24%/yr for DS2P.L. At a correlation of -0.39, they often move in opposite directions. 3GOO.L charges 0.75%/yr vs 0.50%/yr for DS2P.L.
Performance
3GOO.L vs. DS2P.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3GOO.L achieves a 31.45% return, which is significantly higher than DS2P.L's -11.43% return.
3GOO.L
- 1D
- 12.74%
- 1M
- -3.56%
- 6M
- 9.90%
- YTD
- 31.45%
- 1Y
- 430.42%
- 3Y*
- 92.29%
- 5Y*
- 22.53%
- 10Y*
- —
DS2P.L
- 1D
- 1.26%
- 1M
- -1.25%
- 6M
- -1.25%
- YTD
- -11.43%
- 1Y
- -10.34%
- 3Y*
- -24.61%
- 5Y*
- -20.24%
- 10Y*
- -23.26%
3GOO.L vs. DS2P.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
3GOO.L Leverage Shares 3x Alphabet ETC GBP | 31.45% | 146.08% | 80.34% | 154.87% | -85.80% | 292.19% | 40.82% |
DS2P.L L&G DAX Daily 2x Short UCITS ETF EUR (Acc) | -11.43% | -29.68% | -28.35% | -29.73% | 13.75% | -35.96% | -24.21% |
Correlation
The correlation between 3GOO.L and DS2P.L is -0.28, 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 | -0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.38 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | -0.39 |
The correlation between 3GOO.L and DS2P.L shifts across timeframes, from -0.39 (all time) to -0.28 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
3GOO.L vs. DS2P.L — Risk / Return Rank
3GOO.L
DS2P.L
3GOO.L vs. DS2P.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Alphabet ETC GBP (3GOO.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.
| 3GOO.L | DS2P.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.20 | ||
| Sortino ratioReturn per unit of downside risk | +4.45 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 0.97 | +0.52 |
| Calmar ratioReturn relative to maximum drawdown | 8.44 | -0.38 | +8.82 |
| Martin ratioReturn relative to average drawdown | 22.65 | -0.82 | +23.47 |
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Drawdowns
3GOO.L vs. DS2P.L - Drawdown Comparison
The maximum 3GOO.L drawdown since its inception was -88.06%, smaller than the maximum DS2P.L drawdown of -99.62%. Use the drawdown chart below to compare losses from any high point for 3GOO.L and DS2P.L.
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Drawdown Indicators
| 3GOO.L | DS2P.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.06% | -99.62% | +11.56% |
Max Drawdown (1Y)Largest decline over 1 year | -50.61% | -27.26% | -23.35% |
Max Drawdown (3Y)Largest decline over 3 years | -68.88% | -67.63% | -1.25% |
Max Drawdown (5Y)Largest decline over 5 years | -88.06% | -78.85% | -9.21% |
Max Drawdown (10Y)Largest decline over 10 years | — | -93.76% | — |
Current DrawdownCurrent decline from peak | -25.60% | -99.60% | +74.00% |
Average DrawdownAverage peak-to-trough decline | -42.73% | -89.22% | +46.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.89% | 12.75% | +6.14% |
Volatility
3GOO.L vs. DS2P.L - Volatility Comparison
Leverage Shares 3x Alphabet ETC GBP (3GOO.L) has a higher volatility of 25.26% compared to L&G DAX Daily 2x Short UCITS ETF EUR (Acc) (DS2P.L) at 9.55%. This indicates that 3GOO.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
| 3GOO.L | DS2P.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.26% | 9.55% | +15.71% |
Volatility (6M)Calculated over the trailing 6-month period | 59.25% | 28.12% | +31.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 87.37% | 34.11% | +53.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 91.25% | 36.75% | +54.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.13% | 38.73% | +50.40% |
3GOO.L vs. DS2P.L - Expense Ratio Comparison
3GOO.L has a 0.75% expense ratio, which is higher than DS2P.L's 0.50% expense ratio.
Dividends
3GOO.L vs. DS2P.L - Dividend Comparison
Neither 3GOO.L nor DS2P.L has paid dividends to shareholders.
Frequently Asked Questions
3GOO.L and DS2P.L have a correlation of -0.28, 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 3GOO.L.
3GOO.L tracks iSTOXX Leveraged 3X GOOG 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 3GOO.L and 0.50% for DS2P.L.
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