DBPD.DE vs. LYQL.DE
DBPD.DE (Xtrackers ShortDAX x2 Daily Swap UCITS ETF (Acc)) and LYQL.DE (Amundi ShortDAX Daily (-2x) Inverse UCITS ETF (Acc)) are both Inverse Equities funds tracking the ShortDAX Leverage (2x) Index, from Xtrackers and Amundi respectively. Both are passively managed. Over the past 10 years, DBPD.DE returned -24.22%/yr vs -24.43%/yr for LYQL.DE. With a 0.98 correlation, they move nearly in lockstep. Both charge a 0.60% expense ratio.
Performance
DBPD.DE vs. LYQL.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with DBPD.DE having a -11.42% return and LYQL.DE slightly higher at -11.31%. Both investments have delivered pretty close results over the past 10 years, with DBPD.DE having a -24.22% annualized return and LYQL.DE not far behind at -24.43%.
DBPD.DE
- 1D
- -1.45%
- 1M
- -7.46%
- 6M
- -11.30%
- YTD
- -11.42%
- 1Y
- -14.87%
- 3Y*
- -25.37%
- 5Y*
- -20.25%
- 10Y*
- -24.22%
LYQL.DE
- 1D
- -1.53%
- 1M
- -7.52%
- 6M
- -11.31%
- YTD
- -11.31%
- 1Y
- -14.67%
- 3Y*
- -25.51%
- 5Y*
- -20.46%
- 10Y*
- -24.43%
DBPD.DE vs. LYQL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBPD.DE Xtrackers ShortDAX x2 Daily Swap UCITS ETF (Acc) | -11.42% | -35.14% | -23.51% | -28.08% | 9.77% | -31.09% | -33.90% | -40.89% | 36.84% | -25.87% |
LYQL.DE Amundi ShortDAX Daily (-2x) Inverse UCITS ETF (Acc) | -11.31% | -35.38% | -23.89% | -28.00% | 9.49% | -31.50% | -34.43% | -41.46% | 35.68% | -25.44% |
Correlation
The correlation between DBPD.DE and LYQL.DE is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2010 | 0.98 |
The correlation between DBPD.DE and LYQL.DE has been stable across timeframes, ranging from 0.98 to 1.00 - a consistent structural relationship.
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Return for Risk
DBPD.DE vs. LYQL.DE — Risk / Return Rank
DBPD.DE
LYQL.DE
DBPD.DE vs. LYQL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers ShortDAX x2 Daily Swap UCITS ETF (Acc) (DBPD.DE) and Amundi ShortDAX Daily (-2x) Inverse UCITS ETF (Acc) (LYQL.DE). 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.
| DBPD.DE | LYQL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.95 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.57 | -0.56 | -0.01 |
| Martin ratioReturn relative to average drawdown | -1.28 | -1.26 | -0.02 |
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Drawdowns
DBPD.DE vs. LYQL.DE - Drawdown Comparison
The maximum DBPD.DE drawdown since its inception was -99.15%, roughly equal to the maximum LYQL.DE drawdown of -99.14%. Use the drawdown chart below to compare losses from any high point for DBPD.DE and LYQL.DE.
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Drawdown Indicators
| DBPD.DE | LYQL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.15% | -99.14% | -0.01% |
Max Drawdown (1Y)Largest decline over 1 year | -26.16% | -26.22% | +0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -65.57% | -66.11% | +0.54% |
Max Drawdown (5Y)Largest decline over 5 years | -76.93% | -77.13% | +0.20% |
Max Drawdown (10Y)Largest decline over 10 years | -93.94% | -94.10% | +0.16% |
Current DrawdownCurrent decline from peak | -99.15% | -99.14% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -82.62% | -83.00% | +0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.61% | 11.60% | +0.01% |
Volatility
DBPD.DE vs. LYQL.DE - Volatility Comparison
Xtrackers ShortDAX x2 Daily Swap UCITS ETF (Acc) (DBPD.DE) and Amundi ShortDAX Daily (-2x) Inverse UCITS ETF (Acc) (LYQL.DE) have volatilities of 8.90% and 8.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBPD.DE | LYQL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.90% | 8.89% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 27.00% | 26.96% | +0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.27% | 32.22% | +0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.36% | 34.39% | -0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.24% | 36.22% | +0.02% |
DBPD.DE vs. LYQL.DE - Expense Ratio Comparison
Both DBPD.DE and LYQL.DE have an expense ratio of 0.60%.
Dividends
DBPD.DE vs. LYQL.DE - Dividend Comparison
Neither DBPD.DE nor LYQL.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 1.00, DBPD.DE and LYQL.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.60% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
DBPD.DE and LYQL.DE have the same expense ratio: 0.60% per year.
Both ETFs track ShortDAX Leverage (2x) Index. They also come from different issuers: Xtrackers and Amundi.
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