DL2P.L vs. 3AMD.L
DL2P.L (L&G DAX Daily 2x Long UCITS ETF EUR (Acc)) and 3AMD.L (Leverage Shares 3x AMD ETC GBP) are both Leveraged Equities funds - DL2P.L tracks the LevDAX x2 Index Gross TR EUR while 3AMD.L tracks the iSTOXX Leveraged 3x AMD Index. Both are passively managed. Over the past 5 years, DL2P.L returned 11.87%/yr vs 0.99%/yr for 3AMD.L. At a 0.42 correlation, their price movements are largely independent. DL2P.L charges 0.40%/yr vs 0.75%/yr for 3AMD.L.
Performance
DL2P.L vs. 3AMD.L - Performance Comparison
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Returns By Period
In the year-to-date period, DL2P.L achieves a -4.56% return, which is significantly lower than 3AMD.L's 440.37% return.
DL2P.L
- 1D
- -1.29%
- 1M
- -2.86%
- 6M
- -9.94%
- YTD
- -4.56%
- 1Y
- -3.84%
- 3Y*
- 22.60%
- 5Y*
- 11.87%
- 10Y*
- 12.86%
3AMD.L
- 1D
- -23.81%
- 1M
- -27.52%
- 6M
- 393.12%
- YTD
- 440.37%
- 1Y
- 711.64%
- 3Y*
- 41.15%
- 5Y*
- 0.99%
- 10Y*
- —
DL2P.L vs. 3AMD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DL2P.L L&G DAX Daily 2x Long UCITS ETF EUR (Acc) | -4.56% | 44.27% | 25.79% | 31.85% | -23.59% | -1.28% |
3AMD.L Leverage Shares 3x AMD ETC GBP | 440.37% | 53.76% | -76.38% | 448.82% | -97.41% | 341.88% |
Correlation
The correlation between DL2P.L and 3AMD.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 | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2021 | 0.42 |
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Return for Risk
DL2P.L vs. 3AMD.L — Risk / Return Rank
DL2P.L
3AMD.L
DL2P.L vs. 3AMD.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) (DL2P.L) and Leverage Shares 3x AMD ETC GBP (3AMD.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.
| DL2P.L | 3AMD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.63 | ||
| Sortino ratioReturn per unit of downside risk | -3.48 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.44 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | 9.23 | -9.40 |
| Martin ratioReturn relative to average drawdown | -0.47 | 16.82 | -17.29 |
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Drawdowns
DL2P.L vs. 3AMD.L - Drawdown Comparison
The maximum DL2P.L drawdown since its inception was -63.02%, smaller than the maximum 3AMD.L drawdown of -99.50%. Use the drawdown chart below to compare losses from any high point for DL2P.L and 3AMD.L.
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Drawdown Indicators
| DL2P.L | 3AMD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.02% | -99.50% | +36.48% |
Max Drawdown (1Y)Largest decline over 1 year | -23.87% | -76.34% | +52.47% |
Max Drawdown (3Y)Largest decline over 3 years | -28.21% | -97.93% | +69.72% |
Max Drawdown (5Y)Largest decline over 5 years | -46.63% | -99.50% | +52.87% |
Max Drawdown (10Y)Largest decline over 10 years | -63.02% | — | — |
Current DrawdownCurrent decline from peak | -10.64% | -79.56% | +68.92% |
Average DrawdownAverage peak-to-trough decline | -16.32% | -83.20% | +66.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.50% | 41.99% | -33.49% |
Volatility
DL2P.L vs. 3AMD.L - Volatility Comparison
The current volatility for L&G DAX Daily 2x Long UCITS ETF EUR (Acc) (DL2P.L) is 9.48%, while Leverage Shares 3x AMD ETC GBP (3AMD.L) has a volatility of 70.74%. This indicates that DL2P.L experiences smaller price fluctuations and is considered to be less risky than 3AMD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DL2P.L | 3AMD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.48% | 70.74% | -61.26% |
Volatility (6M)Calculated over the trailing 6-month period | 26.53% | 154.85% | -128.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.14% | 202.27% | -171.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.71% | 162.44% | -128.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.50% | 161.04% | -125.54% |
DL2P.L vs. 3AMD.L - Expense Ratio Comparison
DL2P.L has a 0.40% expense ratio, which is lower than 3AMD.L's 0.75% expense ratio.
Dividends
DL2P.L vs. 3AMD.L - Dividend Comparison
Neither DL2P.L nor 3AMD.L has paid dividends to shareholders.
Frequently Asked Questions
DL2P.L and 3AMD.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, DL2P.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DL2P.L is cheaper with a 0.40% expense ratio, compared with 0.75% for 3AMD.L.
DL2P.L tracks LevDAX x2 Index Gross TR EUR, while 3AMD.L tracks iSTOXX Leveraged 3x AMD Index. They also come from different issuers: L&G and Leverage Shares. Their fees differ too: 0.40% for DL2P.L and 0.75% for 3AMD.L.
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