DEL2.DE vs. DBPE.DE
DEL2.DE (L&G DAX Daily 2x Long UCITS ETF) and DBPE.DE (Xtrackers LevDAX Daily Swap UCITS ETF (Acc)) are both Leveraged Equities funds - DEL2.DE tracks the LevDAX x2 Index while DBPE.DE tracks the LevDAX (2x) Index. Both are passively managed. Over the past 10 years, DEL2.DE returned 12.68%/yr vs 13.57%/yr for DBPE.DE. With a 0.99 correlation, they move nearly in lockstep. DEL2.DE charges 0.40%/yr vs 0.35%/yr for DBPE.DE.
Performance
DEL2.DE vs. DBPE.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 DBPE.DE's 0.12% return. Over the past 10 years, DEL2.DE has underperformed DBPE.DE with an annualized return of 12.68%, while DBPE.DE has yielded a comparatively higher 13.57% 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%
DBPE.DE
- 1D
- -0.93%
- 1M
- 0.43%
- 6M
- -5.65%
- YTD
- 0.12%
- 1Y
- 1.40%
- 3Y*
- 25.15%
- 5Y*
- 13.43%
- 10Y*
- 13.57%
DEL2.DE vs. DBPE.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% |
DBPE.DE Xtrackers LevDAX Daily Swap UCITS ETF (Acc) | 0.12% | 41.17% | 32.06% | 35.78% | -27.99% | 30.22% | -4.84% | 53.18% | -35.14% | 23.67% |
Correlation
The correlation between DEL2.DE and DBPE.DE is 0.99 - 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 | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2010 | 0.99 |
The correlation between DEL2.DE and DBPE.DE has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
DEL2.DE vs. DBPE.DE — Risk / Return Rank
DEL2.DE
DBPE.DE
DEL2.DE vs. DBPE.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 Xtrackers LevDAX Daily Swap UCITS ETF (Acc) (DBPE.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 | DBPE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.04 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 0.06 | -0.11 |
| Martin ratioReturn relative to average drawdown | -0.14 | 0.17 | -0.30 |
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Drawdowns
DEL2.DE vs. DBPE.DE - Drawdown Comparison
The maximum DEL2.DE drawdown since its inception was -65.30%, roughly equal to the maximum DBPE.DE drawdown of -64.87%. Use the drawdown chart below to compare losses from any high point for DEL2.DE and DBPE.DE.
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Drawdown Indicators
| DEL2.DE | DBPE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.30% | -64.87% | -0.43% |
Max Drawdown (1Y)Largest decline over 1 year | -24.33% | -24.16% | -0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -29.92% | -29.95% | +0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -48.89% | -48.69% | -0.20% |
Max Drawdown (10Y)Largest decline over 10 years | -65.30% | -64.87% | -0.43% |
Current DrawdownCurrent decline from peak | -8.86% | -6.68% | -2.18% |
Average DrawdownAverage peak-to-trough decline | -16.56% | -16.46% | -0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.67% | 8.41% | +0.26% |
Volatility
DEL2.DE vs. DBPE.DE - Volatility Comparison
L&G DAX Daily 2x Long UCITS ETF (DEL2.DE) and Xtrackers LevDAX Daily Swap UCITS ETF (Acc) (DBPE.DE) have volatilities of 9.27% and 9.20%, 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
| DEL2.DE | DBPE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.27% | 9.20% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 27.00% | 27.04% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.40% | 32.30% | +0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.27% | 34.31% | -0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.07% | 36.14% | -0.07% |
DEL2.DE vs. DBPE.DE - Expense Ratio Comparison
DEL2.DE has a 0.40% expense ratio, which is higher than DBPE.DE's 0.35% expense ratio.
Dividends
DEL2.DE vs. DBPE.DE - Dividend Comparison
Neither DEL2.DE nor DBPE.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.99, DEL2.DE and DBPE.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.
On fees, DBPE.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DBPE.DE is cheaper with a 0.35% expense ratio, compared with 0.40% for DEL2.DE.
DEL2.DE tracks LevDAX x2 Index, while DBPE.DE tracks LevDAX (2x) Index. They also come from different issuers: L&G and Xtrackers. Their fees differ too: 0.40% for DEL2.DE and 0.35% for DBPE.DE.
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