DES2.DE vs. LSK7.DE
DES2.DE (L&G DAX Daily 2x Short UCITS ETF) and LSK7.DE (Amundi EURO STOXX 50 Daily (-1x) Inverse UCITS ETF (Acc)) are both Inverse Equities funds - DES2.DE tracks the ShortDAX x2 Index while LSK7.DE tracks the EURO STOXX 50 Daily Inverse Index. Both are passively managed. Over the past 10 years, DES2.DE returned -23.52%/yr vs -11.83%/yr for LSK7.DE. Their correlation of 0.91 suggests significant overlap in exposure. DES2.DE charges 0.50%/yr vs 0.40%/yr for LSK7.DE.
Performance
DES2.DE vs. LSK7.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DES2.DE achieves a -6.55% return, which is significantly higher than LSK7.DE's -9.09% return. Over the past 10 years, DES2.DE has underperformed LSK7.DE with an annualized return of -23.52%, while LSK7.DE has yielded a comparatively higher -11.83% annualized return.
DES2.DE
- 1D
- -0.04%
- 1M
- -0.78%
- 6M
- -0.76%
- YTD
- -6.55%
- 1Y
- -9.77%
- 3Y*
- -24.72%
- 5Y*
- -20.23%
- 10Y*
- -23.52%
LSK7.DE
- 1D
- 0.30%
- 1M
- -0.45%
- 6M
- -5.90%
- YTD
- -9.09%
- 1Y
- -15.40%
- 3Y*
- -10.55%
- 5Y*
- -10.35%
- 10Y*
- -11.83%
DES2.DE vs. LSK7.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DES2.DE L&G DAX Daily 2x Short UCITS ETF | -6.55% | -35.92% | -24.73% | -28.32% | 8.81% | -31.47% | -34.46% | -41.49% | 35.04% | -25.95% |
LSK7.DE Amundi EURO STOXX 50 Daily (-1x) Inverse UCITS ETF (Acc) | -9.09% | -16.53% | -5.05% | -15.07% | 3.40% | -21.96% | -8.93% | -25.83% | 9.60% | -11.79% |
Correlation
The correlation between DES2.DE and LSK7.DE is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2009 | 0.91 |
The correlation between DES2.DE and LSK7.DE has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.
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Return for Risk
DES2.DE vs. LSK7.DE — Risk / Return Rank
DES2.DE
LSK7.DE
DES2.DE vs. LSK7.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G DAX Daily 2x Short UCITS ETF (DES2.DE) and Amundi EURO STOXX 50 Daily (-1x) Inverse UCITS ETF (Acc) (LSK7.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.
| DES2.DE | LSK7.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +1.02 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 0.85 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | -0.76 | +0.37 |
| Martin ratioReturn relative to average drawdown | -0.82 | -1.39 | +0.57 |
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Drawdowns
DES2.DE vs. LSK7.DE - Drawdown Comparison
The maximum DES2.DE drawdown since its inception was -99.34%, which is greater than LSK7.DE's maximum drawdown of -87.99%. Use the drawdown chart below to compare losses from any high point for DES2.DE and LSK7.DE.
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Drawdown Indicators
| DES2.DE | LSK7.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.34% | -87.99% | -11.35% |
Max Drawdown (1Y)Largest decline over 1 year | -26.29% | -20.24% | -6.05% |
Max Drawdown (3Y)Largest decline over 3 years | -66.97% | -37.05% | -29.92% |
Max Drawdown (5Y)Largest decline over 5 years | -77.94% | -48.91% | -29.03% |
Max Drawdown (10Y)Largest decline over 10 years | -93.68% | -72.69% | -20.99% |
Current DrawdownCurrent decline from peak | -99.30% | -87.70% | -11.60% |
Average DrawdownAverage peak-to-trough decline | -83.29% | -58.96% | -24.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.43% | 11.08% | +1.35% |
Volatility
DES2.DE vs. LSK7.DE - Volatility Comparison
L&G DAX Daily 2x Short UCITS ETF (DES2.DE) has a higher volatility of 9.14% compared to Amundi EURO STOXX 50 Daily (-1x) Inverse UCITS ETF (Acc) (LSK7.DE) at 4.00%. This indicates that DES2.DE's price experiences larger fluctuations and is considered to be riskier than LSK7.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DES2.DE | LSK7.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.14% | 4.00% | +5.14% |
Volatility (6M)Calculated over the trailing 6-month period | 27.38% | 13.48% | +13.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.32% | 16.04% | +16.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.54% | 17.53% | +17.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.31% | 17.89% | +18.42% |
DES2.DE vs. LSK7.DE - Expense Ratio Comparison
DES2.DE has a 0.50% expense ratio, which is higher than LSK7.DE's 0.40% expense ratio.
Dividends
DES2.DE vs. LSK7.DE - Dividend Comparison
Neither DES2.DE nor LSK7.DE has paid dividends to shareholders.
Frequently Asked Questions
DES2.DE and LSK7.DE have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LSK7.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LSK7.DE is cheaper with a 0.40% expense ratio, compared with 0.50% for DES2.DE.
DES2.DE tracks ShortDAX x2 Index, while LSK7.DE tracks EURO STOXX 50 Daily Inverse Index. They also come from different issuers: L&G and Amundi. Their fees differ too: 0.50% for DES2.DE and 0.40% for LSK7.DE.
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