DL2P.L vs. AUCO.L
DL2P.L (L&G DAX Daily 2x Long UCITS ETF EUR (Acc)) and AUCO.L (L&G Gold Mining UCITS ETF) are both exchange-traded funds - DL2P.L is a Leveraged Equities fund tracking the LevDAX x2 Index Gross TR EUR, while AUCO.L is a Gold fund tracking the STOXX Global Gold Miners Index. Both are passively managed. Over the past 10 years, DL2P.L returned 12.86%/yr vs 11.70%/yr for AUCO.L. At a 0.16 correlation, their price movements are largely independent. DL2P.L charges 0.40%/yr vs 0.55%/yr for AUCO.L.
Performance
DL2P.L vs. AUCO.L - Performance Comparison
Loading charts...
Different Trading Currencies
DL2P.L is traded in GBp, while AUCO.L is traded in USD. To make them comparable, the AUCO.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, DL2P.L achieves a -4.56% return, which is significantly higher than AUCO.L's -15.05% return. Over the past 10 years, DL2P.L has outperformed AUCO.L with an annualized return of 12.86%, while AUCO.L has yielded a comparatively lower 11.70% annualized 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%
AUCO.L
- 1D
- -3.99%
- 1M
- -15.23%
- 6M
- -23.89%
- YTD
- -15.05%
- 1Y
- 46.48%
- 3Y*
- 39.74%
- 5Y*
- 22.49%
- 10Y*
- 11.70%
DL2P.L vs. AUCO.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DL2P.L L&G DAX Daily 2x Long UCITS ETF EUR (Acc) | -4.56% | 44.27% | 25.79% | 31.85% | -23.59% | 21.61% | 1.34% | 38.90% | -33.44% | 29.05% |
AUCO.L L&G Gold Mining UCITS ETF | -15.05% | 161.75% | 20.02% | 9.27% | -4.11% | -9.27% | 18.14% | 38.65% | -5.11% | 0.49% |
Correlation
The correlation between DL2P.L and AUCO.L is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2009 | 0.16 |
Over the past year, DL2P.L and AUCO.L have become more correlated (0.42) than their long-term average of 0.16, meaning their price movements have been converging.
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. AUCO.L — Risk / Return Rank
DL2P.L
AUCO.L
DL2P.L vs. AUCO.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 L&G Gold Mining UCITS ETF (AUCO.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 | AUCO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.18 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | 1.24 | -1.41 |
| Martin ratioReturn relative to average drawdown | -0.47 | 2.96 | -3.43 |
Loading charts...
Drawdowns
DL2P.L vs. AUCO.L - Drawdown Comparison
The maximum DL2P.L drawdown since its inception was -63.02%, smaller than the maximum AUCO.L drawdown of -77.54%. Use the drawdown chart below to compare losses from any high point for DL2P.L and AUCO.L.
Loading charts...
Drawdown Indicators
| DL2P.L | AUCO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.02% | -77.54% | +14.52% |
Max Drawdown (1Y)Largest decline over 1 year | -23.87% | -37.18% | +13.31% |
Max Drawdown (3Y)Largest decline over 3 years | -28.21% | -37.18% | +8.97% |
Max Drawdown (5Y)Largest decline over 5 years | -46.63% | -39.29% | -7.34% |
Max Drawdown (10Y)Largest decline over 10 years | -63.02% | -45.83% | -17.19% |
Current DrawdownCurrent decline from peak | -10.64% | -36.60% | +25.96% |
Average DrawdownAverage peak-to-trough decline | -16.32% | -34.38% | +18.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.50% | 15.68% | -7.18% |
Volatility
DL2P.L vs. AUCO.L - Volatility Comparison
The current volatility for L&G DAX Daily 2x Long UCITS ETF EUR (Acc) (DL2P.L) is 9.48%, while L&G Gold Mining UCITS ETF (AUCO.L) has a volatility of 16.14%. This indicates that DL2P.L experiences smaller price fluctuations and is considered to be less risky than AUCO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DL2P.L | AUCO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.48% | 16.14% | -6.66% |
Volatility (6M)Calculated over the trailing 6-month period | 26.53% | 38.38% | -11.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.14% | 47.49% | -16.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.71% | 36.64% | -2.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.50% | 34.19% | +1.31% |
DL2P.L vs. AUCO.L - Expense Ratio Comparison
DL2P.L has a 0.40% expense ratio, which is lower than AUCO.L's 0.55% expense ratio.
Dividends
DL2P.L vs. AUCO.L - Dividend Comparison
Neither DL2P.L nor AUCO.L has paid dividends to shareholders.
Frequently Asked Questions
DL2P.L and AUCO.L have a correlation of 0.42, 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 0.55% for AUCO.L.
DL2P.L is categorized as Leveraged Equities, while AUCO.L is Gold. DL2P.L tracks LevDAX x2 Index Gross TR EUR, while AUCO.L tracks STOXX Global Gold Miners Index. Their fees differ too: 0.40% for DL2P.L and 0.55% for AUCO.L.
Find the right allocation for DL2P.L and AUCO.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