DES2.DE vs. LSK8.DE
DES2.DE (L&G DAX Daily 2x Short UCITS ETF) and LSK8.DE (Amundi EURO STOXX 50 Daily (-2x) Inverse UCITS ETF (Acc)) are both Inverse Equities funds - DES2.DE tracks the ShortDAX x2 Index while LSK8.DE tracks the EURO STOXX 50 Daily Leverage (-2x) Index. Both are passively managed. Over the past 10 years, DES2.DE returned -23.54%/yr vs -25.18%/yr for LSK8.DE. Their correlation of 0.93 suggests significant overlap in exposure. DES2.DE charges 0.50%/yr vs 0.60%/yr for LSK8.DE.
Performance
DES2.DE vs. LSK8.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DES2.DE achieves a -5.08% return, which is significantly higher than LSK8.DE's -18.78% return. Over the past 10 years, DES2.DE has outperformed LSK8.DE with an annualized return of -23.54%, while LSK8.DE has yielded a comparatively lower -25.18% annualized return.
DES2.DE
- 1D
- 0.69%
- 1M
- 1.00%
- 6M
- 0.85%
- YTD
- -5.08%
- 1Y
- -6.12%
- 3Y*
- -24.13%
- 5Y*
- -19.98%
- 10Y*
- -23.54%
LSK8.DE
- 1D
- 1.71%
- 1M
- 2.06%
- 6M
- -12.30%
- YTD
- -18.78%
- 1Y
- -30.10%
- 3Y*
- -24.06%
- 5Y*
- -23.33%
- 10Y*
- -25.18%
DES2.DE vs. LSK8.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 | -5.08% | -35.92% | -24.73% | -28.32% | 8.81% | -31.47% | -34.46% | -41.49% | 35.04% | -25.95% |
LSK8.DE Amundi EURO STOXX 50 Daily (-2x) Inverse UCITS ETF (Acc) | -18.78% | -33.73% | -14.37% | -31.29% | 0.76% | -40.00% | -24.40% | -45.71% | 18.85% | -22.51% |
Correlation
The correlation between DES2.DE and LSK8.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 | 0.92 |
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 | 0.93 |
The correlation between DES2.DE and LSK8.DE has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DES2.DE vs. LSK8.DE — Risk / Return Rank
DES2.DE
LSK8.DE
DES2.DE vs. LSK8.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 (-2x) Inverse UCITS ETF (Acc) (LSK8.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 | LSK8.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.75 | ||
| Sortino ratioReturn per unit of downside risk | +1.21 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 0.85 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | -0.77 | +0.54 |
| Martin ratioReturn relative to average drawdown | -0.49 | -1.34 | +0.85 |
Loading charts...
Drawdowns
DES2.DE vs. LSK8.DE - Drawdown Comparison
The maximum DES2.DE drawdown since its inception was -99.34%, roughly equal to the maximum LSK8.DE drawdown of -99.69%. Use the drawdown chart below to compare losses from any high point for DES2.DE and LSK8.DE.
Loading charts...
Drawdown Indicators
| DES2.DE | LSK8.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.34% | -99.69% | +0.35% |
Max Drawdown (1Y)Largest decline over 1 year | -26.29% | -38.94% | +12.65% |
Max Drawdown (3Y)Largest decline over 3 years | -66.97% | -65.42% | -1.55% |
Max Drawdown (5Y)Largest decline over 5 years | -77.94% | -79.07% | +1.13% |
Max Drawdown (10Y)Largest decline over 10 years | -93.47% | -94.87% | +1.40% |
Current DrawdownCurrent decline from peak | -99.29% | -99.67% | +0.38% |
Average DrawdownAverage peak-to-trough decline | -83.30% | -87.93% | +4.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.50% | 22.41% | -9.91% |
Volatility
DES2.DE vs. LSK8.DE - Volatility Comparison
L&G DAX Daily 2x Short UCITS ETF (DES2.DE) has a higher volatility of 9.19% compared to Amundi EURO STOXX 50 Daily (-2x) Inverse UCITS ETF (Acc) (LSK8.DE) at 8.09%. This indicates that DES2.DE's price experiences larger fluctuations and is considered to be riskier than LSK8.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DES2.DE | LSK8.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.19% | 8.09% | +1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 27.27% | 26.98% | +0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.34% | 31.98% | +0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.53% | 35.03% | -0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.31% | 35.77% | +0.54% |
DES2.DE vs. LSK8.DE - Expense Ratio Comparison
DES2.DE has a 0.50% expense ratio, which is lower than LSK8.DE's 0.60% expense ratio.
Dividends
DES2.DE vs. LSK8.DE - Dividend Comparison
Neither DES2.DE nor LSK8.DE has paid dividends to shareholders.
Frequently Asked Questions
DES2.DE and LSK8.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, DES2.DE is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DES2.DE is cheaper with a 0.50% expense ratio, compared with 0.60% for LSK8.DE.
DES2.DE tracks ShortDAX x2 Index, while LSK8.DE tracks EURO STOXX 50 Daily Leverage (-2x) Index. They also come from different issuers: L&G and Amundi. Their fees differ too: 0.50% for DES2.DE and 0.60% for LSK8.DE.
Find the right allocation for DES2.DE and LSK8.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer