DEL2.DE vs. 18MF.DE
DEL2.DE (L&G DAX Daily 2x Long UCITS ETF) and 18MF.DE (Amundi ETF Leveraged MSCI USA Daily UCITS ETF) are both Leveraged Equities funds - DEL2.DE tracks the LevDAX x2 Index while 18MF.DE tracks the MSCI USA Index (200%). Both are passively managed. Over the past 10 years, DEL2.DE returned 12.68%/yr vs 24.49%/yr for 18MF.DE. A 0.65 correlation means they provide meaningful diversification when combined. DEL2.DE charges 0.40%/yr vs 0.50%/yr for 18MF.DE.
Performance
DEL2.DE vs. 18MF.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DEL2.DE achieves a -2.20% return, which is significantly lower than 18MF.DE's 24.83% return. Over the past 10 years, DEL2.DE has underperformed 18MF.DE with an annualized return of 12.68%, while 18MF.DE has yielded a comparatively higher 24.49% annualized return.
DEL2.DE
- 1D
- -1.36%
- 1M
- -1.11%
- 6M
- -7.79%
- YTD
- -2.20%
- 1Y
- -1.66%
- 3Y*
- 23.05%
- 5Y*
- 12.01%
- 10Y*
- 12.68%
18MF.DE
- 1D
- 0.61%
- 1M
- 2.89%
- 6M
- 23.07%
- YTD
- 24.83%
- 1Y
- 45.30%
- 3Y*
- 33.69%
- 5Y*
- 20.89%
- 10Y*
- 24.49%
DEL2.DE vs. 18MF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DEL2.DE L&G DAX Daily 2x Long UCITS ETF | -2.20% | 38.93% | 30.47% | 34.91% | -28.24% | 29.94% | -5.25% | 52.22% | -35.31% | 23.94% |
18MF.DE Amundi ETF Leveraged MSCI USA Daily UCITS ETF | 24.83% | 1.66% | 64.14% | 43.16% | -33.46% | 88.21% | 5.26% | 77.73% | -5.67% | 12.00% |
Correlation
The correlation between DEL2.DE and 18MF.DE is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2010 | 0.65 |
The correlation between DEL2.DE and 18MF.DE shifts across timeframes, from 0.55 (3 years) to 0.66 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
DEL2.DE vs. 18MF.DE — Risk / Return Rank
DEL2.DE
18MF.DE
DEL2.DE vs. 18MF.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G DAX Daily 2x Long UCITS ETF (DEL2.DE) and Amundi ETF Leveraged MSCI USA Daily UCITS ETF (18MF.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.
| DEL2.DE | 18MF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.92 | ||
| Sortino ratioReturn per unit of downside risk | -2.29 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.32 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 3.14 | -3.19 |
| Martin ratioReturn relative to average drawdown | -0.14 | 10.53 | -10.66 |
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Drawdowns
DEL2.DE vs. 18MF.DE - Drawdown Comparison
The maximum DEL2.DE drawdown since its inception was -65.30%, which is greater than 18MF.DE's maximum drawdown of -59.64%. Use the drawdown chart below to compare losses from any high point for DEL2.DE and 18MF.DE.
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Drawdown Indicators
| DEL2.DE | 18MF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.30% | -59.64% | -5.66% |
Max Drawdown (1Y)Largest decline over 1 year | -24.33% | -14.34% | -9.99% |
Max Drawdown (3Y)Largest decline over 3 years | -29.92% | -42.91% | +12.99% |
Max Drawdown (5Y)Largest decline over 5 years | -48.89% | -42.91% | -5.98% |
Max Drawdown (10Y)Largest decline over 10 years | -65.30% | -59.64% | -5.66% |
Current DrawdownCurrent decline from peak | -8.86% | -0.29% | -8.57% |
Average DrawdownAverage peak-to-trough decline | -16.56% | -9.87% | -6.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.67% | 4.29% | +4.38% |
Volatility
DEL2.DE vs. 18MF.DE - Volatility Comparison
L&G DAX Daily 2x Long UCITS ETF (DEL2.DE) has a higher volatility of 9.27% compared to Amundi ETF Leveraged MSCI USA Daily UCITS ETF (18MF.DE) at 5.57%. This indicates that DEL2.DE's price experiences larger fluctuations and is considered to be riskier than 18MF.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DEL2.DE | 18MF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.27% | 5.57% | +3.70% |
Volatility (6M)Calculated over the trailing 6-month period | 27.00% | 16.11% | +10.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.40% | 23.98% | +8.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.27% | 30.97% | +3.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.07% | 32.53% | +3.54% |
DEL2.DE vs. 18MF.DE - Expense Ratio Comparison
DEL2.DE has a 0.40% expense ratio, which is lower than 18MF.DE's 0.50% expense ratio.
Dividends
DEL2.DE vs. 18MF.DE - Dividend Comparison
Neither DEL2.DE nor 18MF.DE has paid dividends to shareholders.
Frequently Asked Questions
DEL2.DE and 18MF.DE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DEL2.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DEL2.DE is cheaper with a 0.40% expense ratio, compared with 0.50% for 18MF.DE.
DEL2.DE tracks LevDAX x2 Index, while 18MF.DE tracks MSCI USA Index (200%). They also come from different issuers: L&G and Amundi. Their fees differ too: 0.40% for DEL2.DE and 0.50% for 18MF.DE.
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