AMD3.L vs. DEL2.L
AMD3.L (Leverage Shares 3x AMD ETP Securities) and DEL2.L (L&G DAX Daily 2x Long UCITS ETF EUR (Acc)) are both Leveraged Equities funds - AMD3.L tracks the iSTOXX Leveraged 3x AMD Index while DEL2.L tracks the LevDAX x2 Index Gross TR EUR. Both are passively managed. Over the past 5 years, AMD3.L returned 0.91%/yr vs 11.75%/yr for DEL2.L. At a 0.44 correlation, their price movements are largely independent. AMD3.L charges 0.75%/yr vs 0.40%/yr for DEL2.L.
Performance
AMD3.L vs. DEL2.L - Performance Comparison
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Different Trading Currencies
AMD3.L is traded in USD, while DEL2.L is traded in EUR. To make them comparable, the DEL2.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, AMD3.L achieves a 451.20% return, which is significantly higher than DEL2.L's -2.76% return.
AMD3.L
- 1D
- -21.88%
- 1M
- -25.99%
- 6M
- 406.62%
- YTD
- 451.20%
- 1Y
- 732.13%
- 3Y*
- 49.07%
- 5Y*
- 0.91%
- 10Y*
- —
DEL2.L
- 1D
- 0.00%
- 1M
- -0.78%
- 6M
- -8.13%
- YTD
- -2.76%
- 1Y
- -1.54%
- 3Y*
- 24.53%
- 5Y*
- 11.75%
- 10Y*
- 13.20%
AMD3.L vs. DEL2.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AMD3.L Leverage Shares 3x AMD ETP Securities | 451.20% | 65.08% | -76.77% | 466.90% | -97.49% | 358.41% |
DEL2.L L&G DAX Daily 2x Long UCITS ETF EUR (Acc) | -2.76% | 55.69% | 23.51% | 38.94% | -32.05% | -3.62% |
Correlation
The correlation between AMD3.L and DEL2.L is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since May 24, 2021 | 0.44 |
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Return for Risk
AMD3.L vs. DEL2.L — Risk / Return Rank
AMD3.L
DEL2.L
AMD3.L vs. DEL2.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x AMD ETP Securities (AMD3.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.
| AMD3.L | DEL2.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.66 | ||
| Sortino ratioReturn per unit of downside risk | +3.38 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.02 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 9.52 | -0.07 | +9.59 |
| Martin ratioReturn relative to average drawdown | 17.48 | -0.21 | +17.69 |
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Drawdowns
AMD3.L vs. DEL2.L - Drawdown Comparison
The maximum AMD3.L drawdown since its inception was -99.50%, which is greater than DEL2.L's maximum drawdown of -68.93%. Use the drawdown chart below to compare losses from any high point for AMD3.L and DEL2.L.
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Drawdown Indicators
| AMD3.L | DEL2.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.50% | -68.93% | -30.57% |
Max Drawdown (1Y)Largest decline over 1 year | -76.15% | -27.05% | -49.10% |
Max Drawdown (3Y)Largest decline over 3 years | -97.84% | -29.73% | -68.11% |
Max Drawdown (5Y)Largest decline over 5 years | -99.50% | -56.47% | -43.03% |
Max Drawdown (10Y)Largest decline over 10 years | — | -68.93% | — |
Current DrawdownCurrent decline from peak | -79.06% | -8.94% | -70.12% |
Average DrawdownAverage peak-to-trough decline | -83.26% | -18.99% | -64.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.56% | 8.86% | +32.70% |
Volatility
AMD3.L vs. DEL2.L - Volatility Comparison
Leverage Shares 3x AMD ETP Securities (AMD3.L) has a higher volatility of 68.25% compared to L&G DAX Daily 2x Long UCITS ETF EUR (Acc) (DEL2.L) at 9.63%. This indicates that AMD3.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
| AMD3.L | DEL2.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 68.25% | 9.63% | +58.62% |
Volatility (6M)Calculated over the trailing 6-month period | 154.68% | 28.89% | +125.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 202.27% | 33.93% | +168.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 160.18% | 36.96% | +123.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 158.41% | 37.64% | +120.77% |
AMD3.L vs. DEL2.L - Expense Ratio Comparison
AMD3.L has a 0.75% expense ratio, which is higher than DEL2.L's 0.40% expense ratio.
Dividends
AMD3.L vs. DEL2.L - Dividend Comparison
Neither AMD3.L nor DEL2.L has paid dividends to shareholders.
Frequently Asked Questions
AMD3.L and DEL2.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, 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 AMD3.L.
AMD3.L tracks iSTOXX Leveraged 3x AMD 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 AMD3.L and 0.40% for DEL2.L.
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