DEL2.L vs. 2BRE.L
DEL2.L (L&G DAX Daily 2x Long UCITS ETF EUR (Acc)) and 2BRE.L (Leverage Shares 2x Long Berkshire Hathaway (BRK-B) ETC EUR) are both Leveraged Equities funds. DEL2.L is passively managed, while 2BRE.L is actively managed. Over the past year, DEL2.L returned -1.14% vs 0.13% for 2BRE.L. At a 0.23 correlation, their price movements are largely independent. DEL2.L charges 0.40%/yr vs 0.75%/yr for 2BRE.L.
Performance
DEL2.L vs. 2BRE.L - Performance Comparison
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Returns By Period
In the year-to-date period, DEL2.L achieves a -1.16% return, which is significantly higher than 2BRE.L's -6.00% return.
DEL2.L
- 1D
- -0.71%
- 1M
- -0.49%
- 6M
- -7.41%
- YTD
- -1.16%
- 1Y
- -1.14%
- 3Y*
- 23.36%
- 5Y*
- 12.22%
- 10Y*
- 12.72%
2BRE.L
- 1D
- 0.00%
- 1M
- 1.40%
- 6M
- -2.68%
- YTD
- -6.00%
- 1Y
- 0.13%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DEL2.L vs. 2BRE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DEL2.L L&G DAX Daily 2x Long UCITS ETF EUR (Acc) | -1.16% | 37.26% | 16.37% |
2BRE.L Leverage Shares 2x Long Berkshire Hathaway (BRK-B) ETC EUR | -6.00% | -4.91% | 13.54% |
Correlation
The correlation between DEL2.L and 2BRE.L is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2024 | 0.23 |
The correlation between DEL2.L and 2BRE.L shifts across timeframes, from 0.10 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DEL2.L vs. 2BRE.L — Risk / Return Rank
DEL2.L
2BRE.L
DEL2.L vs. 2BRE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G DAX Daily 2x Long UCITS ETF EUR (Acc) (DEL2.L) and Leverage Shares 2x Long Berkshire Hathaway (BRK-B) ETC EUR (2BRE.L). 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.L | 2BRE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.02 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | 0.01 | -0.05 |
| Martin ratioReturn relative to average drawdown | -0.13 | 0.01 | -0.14 |
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Drawdowns
DEL2.L vs. 2BRE.L - Drawdown Comparison
The maximum DEL2.L drawdown since its inception was -64.67%, which is greater than 2BRE.L's maximum drawdown of -39.67%. Use the drawdown chart below to compare losses from any high point for DEL2.L and 2BRE.L.
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Drawdown Indicators
| DEL2.L | 2BRE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.67% | -39.67% | -25.00% |
Max Drawdown (1Y)Largest decline over 1 year | -26.77% | -22.65% | -4.12% |
Max Drawdown (3Y)Largest decline over 3 years | -30.23% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -49.13% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -64.67% | — | — |
Current DrawdownCurrent decline from peak | -8.15% | -31.52% | +23.37% |
Average DrawdownAverage peak-to-trough decline | -16.34% | -18.95% | +2.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.68% | 11.65% | -2.97% |
Volatility
DEL2.L vs. 2BRE.L - Volatility Comparison
L&G DAX Daily 2x Long UCITS ETF EUR (Acc) (DEL2.L) has a higher volatility of 9.31% compared to Leverage Shares 2x Long Berkshire Hathaway (BRK-B) ETC EUR (2BRE.L) at 7.09%. This indicates that DEL2.L's price experiences larger fluctuations and is considered to be riskier than 2BRE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DEL2.L | 2BRE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.31% | 7.09% | +2.22% |
Volatility (6M)Calculated over the trailing 6-month period | 27.88% | 21.19% | +6.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.04% | 28.90% | +4.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.41% | 34.92% | -0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.20% | 34.92% | +1.28% |
DEL2.L vs. 2BRE.L - Expense Ratio Comparison
DEL2.L has a 0.40% expense ratio, which is lower than 2BRE.L's 0.75% expense ratio.
Dividends
DEL2.L vs. 2BRE.L - Dividend Comparison
Neither DEL2.L nor 2BRE.L has paid dividends to shareholders.
Frequently Asked Questions
DEL2.L and 2BRE.L have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DEL2.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DEL2.L is cheaper with a 0.40% expense ratio, compared with 0.75% for 2BRE.L.
They also come from different issuers: L&G and Leverage Shares. Their fees differ too: 0.40% for DEL2.L and 0.75% for 2BRE.L.
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