DEL2.DE vs. XMLH.DE
DEL2.DE (L&G DAX Daily 2x Long UCITS ETF) and XMLH.DE (L&G Healthcare Technology & Innovation UCITS ETF USD Acc) are both exchange-traded funds - DEL2.DE is a Leveraged Equities fund tracking the LevDAX x2 Index, while XMLH.DE is a Health & Biotech Equities fund tracking the ROBO Global Healthcare Technology and Innovation Index. Both are passively managed. Over the past 5 years, DEL2.DE returned 12.01%/yr vs -2.65%/yr for XMLH.DE. A 0.53 correlation means they provide meaningful diversification when combined. DEL2.DE charges 0.40%/yr vs 0.49%/yr for XMLH.DE.
Performance
DEL2.DE vs. XMLH.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 XMLH.DE's 8.53% 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%
XMLH.DE
- 1D
- -0.63%
- 1M
- 9.04%
- 6M
- 3.67%
- YTD
- 8.53%
- 1Y
- 37.82%
- 3Y*
- 7.32%
- 5Y*
- -2.65%
- 10Y*
- —
DEL2.DE vs. XMLH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DEL2.DE L&G DAX Daily 2x Long UCITS ETF | -2.20% | 38.93% | 30.47% | 34.91% | -28.24% | 29.94% | -5.25% | 15.57% |
XMLH.DE L&G Healthcare Technology & Innovation UCITS ETF USD Acc | 8.53% | 11.69% | 8.01% | -4.50% | -29.19% | 7.76% | 49.95% | -0.52% |
Correlation
The correlation between DEL2.DE and XMLH.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2019 | 0.53 |
The correlation between DEL2.DE and XMLH.DE has been stable across timeframes, ranging from 0.46 to 0.53 - a consistent structural relationship.
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Return for Risk
DEL2.DE vs. XMLH.DE — Risk / Return Rank
DEL2.DE
XMLH.DE
DEL2.DE vs. XMLH.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 L&G Healthcare Technology & Innovation UCITS ETF USD Acc (XMLH.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 | XMLH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.99 | ||
| Sortino ratioReturn per unit of downside risk | -2.66 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.33 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 2.64 | -2.69 |
| Martin ratioReturn relative to average drawdown | -0.14 | 5.92 | -6.06 |
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Drawdowns
DEL2.DE vs. XMLH.DE - Drawdown Comparison
The maximum DEL2.DE drawdown since its inception was -65.30%, which is greater than XMLH.DE's maximum drawdown of -51.48%. Use the drawdown chart below to compare losses from any high point for DEL2.DE and XMLH.DE.
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Drawdown Indicators
| DEL2.DE | XMLH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.30% | -51.48% | -13.82% |
Max Drawdown (1Y)Largest decline over 1 year | -24.33% | -15.46% | -8.87% |
Max Drawdown (3Y)Largest decline over 3 years | -29.92% | -28.40% | -1.52% |
Max Drawdown (5Y)Largest decline over 5 years | -48.89% | -50.58% | +1.69% |
Max Drawdown (10Y)Largest decline over 10 years | -65.30% | — | — |
Current DrawdownCurrent decline from peak | -8.86% | -21.16% | +12.30% |
Average DrawdownAverage peak-to-trough decline | -16.56% | -25.17% | +8.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.67% | 6.91% | +1.76% |
Volatility
DEL2.DE vs. XMLH.DE - Volatility Comparison
L&G DAX Daily 2x Long UCITS ETF (DEL2.DE) has a higher volatility of 9.27% compared to L&G Healthcare Technology & Innovation UCITS ETF USD Acc (XMLH.DE) at 6.98%. This indicates that DEL2.DE's price experiences larger fluctuations and is considered to be riskier than XMLH.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 | XMLH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.27% | 6.98% | +2.29% |
Volatility (6M)Calculated over the trailing 6-month period | 27.00% | 16.00% | +11.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.40% | 21.03% | +11.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.27% | 22.53% | +11.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.07% | 23.79% | +12.28% |
DEL2.DE vs. XMLH.DE - Expense Ratio Comparison
DEL2.DE has a 0.40% expense ratio, which is lower than XMLH.DE's 0.49% expense ratio.
Dividends
DEL2.DE vs. XMLH.DE - Dividend Comparison
Neither DEL2.DE nor XMLH.DE has paid dividends to shareholders.
Frequently Asked Questions
DEL2.DE and XMLH.DE have a correlation of 0.46, 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 0.49% for XMLH.DE.
DEL2.DE is categorized as Leveraged Equities, while XMLH.DE is Health & Biotech Equities. DEL2.DE tracks LevDAX x2 Index, while XMLH.DE tracks ROBO Global Healthcare Technology and Innovation Index. Their fees differ too: 0.40% for DEL2.DE and 0.49% for XMLH.DE.
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