DEL2.L vs. 3AME.L
DEL2.L (L&G DAX Daily 2x Long UCITS ETF EUR (Acc)) and 3AME.L (Leverage Shares 3x Amazon ETC EUR) are both Leveraged Equities funds - DEL2.L tracks the LevDAX x2 Index Gross TR EUR while 3AME.L tracks the iSTOXX Leveraged 3X AMZN Index. Both are passively managed. Over the past 5 years, DEL2.L returned 12.03%/yr vs -27.00%/yr for 3AME.L. At a 0.42 correlation, their price movements are largely independent. DEL2.L charges 0.40%/yr vs 0.75%/yr for 3AME.L.
Performance
DEL2.L vs. 3AME.L - Performance Comparison
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Returns By Period
In the year-to-date period, DEL2.L achieves a -2.00% return, which is significantly lower than 3AME.L's -0.40% return.
DEL2.L
- 1D
- -0.29%
- 1M
- -1.52%
- 6M
- -7.87%
- YTD
- -2.00%
- 1Y
- -4.25%
- 3Y*
- 22.69%
- 5Y*
- 12.03%
- 10Y*
- 12.82%
3AME.L
- 1D
- -8.35%
- 1M
- 7.96%
- 6M
- -6.63%
- YTD
- -0.40%
- 1Y
- -11.72%
- 3Y*
- 18.97%
- 5Y*
- -27.00%
- 10Y*
- —
DEL2.L vs. 3AME.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DEL2.L L&G DAX Daily 2x Long UCITS ETF EUR (Acc) | -2.00% | 37.26% | 31.65% | 34.68% | -27.71% | 30.03% | 15.76% |
3AME.L Leverage Shares 3x Amazon ETC EUR | -0.40% | -41.30% | 120.76% | 275.32% | -94.50% | -6.26% | 71.17% |
Correlation
The correlation between DEL2.L and 3AME.L is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.42 |
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Return for Risk
DEL2.L vs. 3AME.L — Risk / Return Rank
DEL2.L
3AME.L
DEL2.L vs. 3AME.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 3x Amazon ETC EUR (3AME.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 | 3AME.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.06 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.16 | -0.20 | +0.04 |
| Martin ratioReturn relative to average drawdown | -0.49 | -0.38 | -0.11 |
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Drawdowns
DEL2.L vs. 3AME.L - Drawdown Comparison
The maximum DEL2.L drawdown since its inception was -64.67%, smaller than the maximum 3AME.L drawdown of -96.64%. Use the drawdown chart below to compare losses from any high point for DEL2.L and 3AME.L.
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Drawdown Indicators
| DEL2.L | 3AME.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.67% | -96.64% | +31.97% |
Max Drawdown (1Y)Largest decline over 1 year | -26.77% | -59.72% | +32.95% |
Max Drawdown (3Y)Largest decline over 3 years | -30.23% | -73.01% | +42.78% |
Max Drawdown (5Y)Largest decline over 5 years | -49.13% | -96.25% | +47.12% |
Max Drawdown (10Y)Largest decline over 10 years | -64.67% | — | — |
Current DrawdownCurrent decline from peak | -8.93% | -83.16% | +74.23% |
Average DrawdownAverage peak-to-trough decline | -16.34% | -68.96% | +52.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.70% | 31.15% | -22.45% |
Volatility
DEL2.L vs. 3AME.L - Volatility Comparison
The current volatility for L&G DAX Daily 2x Long UCITS ETF EUR (Acc) (DEL2.L) is 9.34%, while Leverage Shares 3x Amazon ETC EUR (3AME.L) has a volatility of 32.57%. This indicates that DEL2.L experiences smaller price fluctuations and is considered to be less risky than 3AME.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 | 3AME.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.34% | 32.57% | -23.23% |
Volatility (6M)Calculated over the trailing 6-month period | 27.89% | 76.05% | -48.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.05% | 95.82% | -62.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.40% | 102.89% | -68.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.20% | 100.88% | -64.68% |
DEL2.L vs. 3AME.L - Expense Ratio Comparison
DEL2.L has a 0.40% expense ratio, which is lower than 3AME.L's 0.75% expense ratio.
Dividends
DEL2.L vs. 3AME.L - Dividend Comparison
Neither DEL2.L nor 3AME.L has paid dividends to shareholders.
Frequently Asked Questions
DEL2.L and 3AME.L have a correlation of 0.38, 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 3AME.L.
DEL2.L tracks LevDAX x2 Index Gross TR EUR, while 3AME.L tracks iSTOXX Leveraged 3X AMZN Index. They also come from different issuers: L&G and Leverage Shares. Their fees differ too: 0.40% for DEL2.L and 0.75% for 3AME.L.
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