DEL2.DE vs. 3JPN.DE
DEL2.DE (L&G DAX Daily 2x Long UCITS ETF) and 3JPN.DE (Leverage Shares 3x Long Japan ETP Securities) are both exchange-traded funds - DEL2.DE is a Leveraged Equities fund tracking the LevDAX x2 Index, while 3JPN.DE is a Japan Equities fund actively managed by Leverage Shares. DEL2.DE is passively managed, while 3JPN.DE is actively managed. Over the past 3 years, DEL2.DE returned 23.05%/yr vs 22.20%/yr for 3JPN.DE. A 0.55 correlation means they provide meaningful diversification when combined. DEL2.DE charges 0.40%/yr vs 0.75%/yr for 3JPN.DE.
Performance
DEL2.DE vs. 3JPN.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 3JPN.DE's 38.72% 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%
3JPN.DE
- 1D
- 0.00%
- 1M
- 0.50%
- 6M
- 19.81%
- YTD
- 38.72%
- 1Y
- 92.00%
- 3Y*
- 22.20%
- 5Y*
- —
- 10Y*
- —
DEL2.DE vs. 3JPN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DEL2.DE L&G DAX Daily 2x Long UCITS ETF | -2.20% | 38.93% | 30.47% | 34.91% | 6.08% |
3JPN.DE Leverage Shares 3x Long Japan ETP Securities | 38.72% | 27.74% | 0.10% | 34.83% | -6.43% |
Correlation
The correlation between DEL2.DE and 3JPN.DE is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2022 | 0.55 |
The correlation between DEL2.DE and 3JPN.DE has been stable across timeframes, ranging from 0.55 to 0.61 - a consistent structural relationship.
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Return for Risk
DEL2.DE vs. 3JPN.DE — Risk / Return Rank
DEL2.DE
3JPN.DE
DEL2.DE vs. 3JPN.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 Leverage Shares 3x Long Japan ETP Securities (3JPN.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 | 3JPN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.50 | ||
| Sortino ratioReturn per unit of downside risk | -1.95 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.27 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 2.66 | -2.71 |
| Martin ratioReturn relative to average drawdown | -0.14 | 7.48 | -7.62 |
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Drawdowns
DEL2.DE vs. 3JPN.DE - Drawdown Comparison
The maximum DEL2.DE drawdown since its inception was -65.30%, which is greater than 3JPN.DE's maximum drawdown of -51.65%. Use the drawdown chart below to compare losses from any high point for DEL2.DE and 3JPN.DE.
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Drawdown Indicators
| DEL2.DE | 3JPN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.30% | -51.65% | -13.65% |
Max Drawdown (1Y)Largest decline over 1 year | -24.33% | -34.71% | +10.38% |
Max Drawdown (3Y)Largest decline over 3 years | -29.92% | -51.65% | +21.73% |
Max Drawdown (5Y)Largest decline over 5 years | -48.89% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -65.30% | — | — |
Current DrawdownCurrent decline from peak | -8.86% | -9.73% | +0.87% |
Average DrawdownAverage peak-to-trough decline | -16.56% | -14.63% | -1.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.67% | 12.34% | -3.67% |
Volatility
DEL2.DE vs. 3JPN.DE - Volatility Comparison
The current volatility for L&G DAX Daily 2x Long UCITS ETF (DEL2.DE) is 9.27%, while Leverage Shares 3x Long Japan ETP Securities (3JPN.DE) has a volatility of 19.78%. This indicates that DEL2.DE experiences smaller price fluctuations and is considered to be less risky than 3JPN.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 | 3JPN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.27% | 19.78% | -10.51% |
Volatility (6M)Calculated over the trailing 6-month period | 27.00% | 52.13% | -25.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.40% | 63.40% | -31.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.27% | 53.27% | -19.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.07% | 53.27% | -17.20% |
DEL2.DE vs. 3JPN.DE - Expense Ratio Comparison
DEL2.DE has a 0.40% expense ratio, which is lower than 3JPN.DE's 0.75% expense ratio.
Dividends
DEL2.DE vs. 3JPN.DE - Dividend Comparison
Neither DEL2.DE nor 3JPN.DE has paid dividends to shareholders.
Frequently Asked Questions
DEL2.DE and 3JPN.DE have a correlation of 0.61, 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 0.75% for 3JPN.DE.
DEL2.DE is categorized as Leveraged Equities, while 3JPN.DE is Japan Equities. They also come from different issuers: L&G and Leverage Shares. Their fees differ too: 0.40% for DEL2.DE and 0.75% for 3JPN.DE.
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