DL2P.L vs. 3BAB.L
DL2P.L (L&G DAX Daily 2x Long UCITS ETF EUR (Acc)) and 3BAB.L (Leverage Shares 3x Alibaba ETC) are both Leveraged Equities funds - DL2P.L tracks the LevDAX x2 Index Gross TR EUR while 3BAB.L tracks the iSTOXX Leveraged 3x BABA Index. Both are passively managed. Over the past 3 years, DL2P.L returned 22.26%/yr vs -33.90%/yr for 3BAB.L. At a 0.29 correlation, their price movements are largely independent. DL2P.L charges 0.40%/yr vs 0.75%/yr for 3BAB.L.
Performance
DL2P.L vs. 3BAB.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DL2P.L achieves a -4.61% return, which is significantly higher than 3BAB.L's -66.02% return.
DL2P.L
- 1D
- -0.16%
- 1M
- -3.28%
- 6M
- -9.64%
- YTD
- -4.61%
- 1Y
- -5.87%
- 3Y*
- 22.26%
- 5Y*
- 11.86%
- 10Y*
- 13.00%
3BAB.L
- 1D
- -8.58%
- 1M
- 6.70%
- 6M
- -74.43%
- YTD
- -66.02%
- 1Y
- -53.43%
- 3Y*
- -33.90%
- 5Y*
- —
- 10Y*
- —
DL2P.L vs. 3BAB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DL2P.L L&G DAX Daily 2x Long UCITS ETF EUR (Acc) | -4.61% | 44.27% | 25.79% | 3.23% |
3BAB.L Leverage Shares 3x Alibaba ETC | -66.02% | 109.01% | -18.41% | -40.40% |
Correlation
The correlation between DL2P.L and 3BAB.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since May 24, 2023 | 0.29 |
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
DL2P.L vs. 3BAB.L — Risk / Return Rank
DL2P.L
3BAB.L
DL2P.L vs. 3BAB.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 Alibaba ETC (3BAB.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 | 3BAB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.01 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | -0.58 | +0.33 |
| Martin ratioReturn relative to average drawdown | -0.69 | -0.91 | +0.23 |
Loading charts...
Drawdowns
DL2P.L vs. 3BAB.L - Drawdown Comparison
The maximum DL2P.L drawdown since its inception was -63.02%, smaller than the maximum 3BAB.L drawdown of -92.05%. Use the drawdown chart below to compare losses from any high point for DL2P.L and 3BAB.L.
Loading charts...
Drawdown Indicators
| DL2P.L | 3BAB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.02% | -92.05% | +29.03% |
Max Drawdown (1Y)Largest decline over 1 year | -23.87% | -92.05% | +68.18% |
Max Drawdown (3Y)Largest decline over 3 years | -28.21% | -92.05% | +63.84% |
Max Drawdown (5Y)Largest decline over 5 years | -46.63% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -63.02% | — | — |
Current DrawdownCurrent decline from peak | -10.68% | -86.71% | +76.03% |
Average DrawdownAverage peak-to-trough decline | -16.32% | -54.89% | +38.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.52% | 58.39% | -49.87% |
Volatility
DL2P.L vs. 3BAB.L - Volatility Comparison
The current volatility for L&G DAX Daily 2x Long UCITS ETF EUR (Acc) (DL2P.L) is 9.40%, while Leverage Shares 3x Alibaba ETC (3BAB.L) has a volatility of 43.92%. This indicates that DL2P.L experiences smaller price fluctuations and is considered to be less risky than 3BAB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DL2P.L | 3BAB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.40% | 43.92% | -34.52% |
Volatility (6M)Calculated over the trailing 6-month period | 26.51% | 89.84% | -63.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.14% | 130.18% | -99.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.70% | 127.47% | -93.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.50% | 127.47% | -91.97% |
DL2P.L vs. 3BAB.L - Expense Ratio Comparison
DL2P.L has a 0.40% expense ratio, which is lower than 3BAB.L's 0.75% expense ratio.
Dividends
DL2P.L vs. 3BAB.L - Dividend Comparison
Neither DL2P.L nor 3BAB.L has paid dividends to shareholders.
Frequently Asked Questions
DL2P.L and 3BAB.L have a correlation of 0.24, 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 3BAB.L.
DL2P.L tracks LevDAX x2 Index Gross TR EUR, while 3BAB.L tracks iSTOXX Leveraged 3x BABA 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 3BAB.L.
Find the right allocation for DL2P.L and 3BAB.L
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