DS2P.L vs. 2AMD.L
DS2P.L (L&G DAX Daily 2x Short UCITS ETF EUR (Acc)) and 2AMD.L (Leverage Shares 2x Advanced Micro Devices ETC GBP) are both Leveraged Equities funds - DS2P.L tracks the ShortDAX x2 Index Gross TR EUR while 2AMD.L tracks the iSTOXX Leveraged 2X AMD Index. Both are passively managed. Over the past 5 years, DS2P.L returned -20.24%/yr vs 42.02%/yr for 2AMD.L. At a correlation of -0.38, they often move in opposite directions. DS2P.L charges 0.50%/yr vs 0.75%/yr for 2AMD.L.
Performance
DS2P.L vs. 2AMD.L - Performance Comparison
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Returns By Period
In the year-to-date period, DS2P.L achieves a -11.43% return, which is significantly lower than 2AMD.L's 376.62% return.
DS2P.L
- 1D
- 1.26%
- 1M
- -1.25%
- 6M
- -1.25%
- YTD
- -11.43%
- 1Y
- -10.34%
- 3Y*
- -24.61%
- 5Y*
- -20.24%
- 10Y*
- -23.26%
2AMD.L
- 1D
- -0.27%
- 1M
- -3.67%
- 6M
- 345.39%
- YTD
- 376.62%
- 1Y
- 634.00%
- 3Y*
- 83.12%
- 5Y*
- 42.02%
- 10Y*
- —
DS2P.L vs. 2AMD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DS2P.L L&G DAX Daily 2x Short UCITS ETF EUR (Acc) | -11.43% | -29.68% | -28.35% | -29.73% | 13.75% | -35.96% | -24.21% |
2AMD.L Leverage Shares 2x Advanced Micro Devices ETC GBP | 376.62% | 82.40% | -49.88% | 285.12% | -86.24% | 111.82% | 136.69% |
Correlation
The correlation between DS2P.L and 2AMD.L is -0.41, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.42 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | -0.38 |
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Return for Risk
DS2P.L vs. 2AMD.L — Risk / Return Rank
DS2P.L
2AMD.L
DS2P.L vs. 2AMD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G DAX Daily 2x Short UCITS ETF EUR (Acc) (DS2P.L) and Leverage Shares 2x Advanced Micro Devices ETC GBP (2AMD.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.
| DS2P.L | 2AMD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.92 | ||
| Sortino ratioReturn per unit of downside risk | -4.26 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.50 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.38 | 13.42 | -13.80 |
| Martin ratioReturn relative to average drawdown | -0.82 | 26.14 | -26.96 |
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Drawdowns
DS2P.L vs. 2AMD.L - Drawdown Comparison
The maximum DS2P.L drawdown since its inception was -99.62%, roughly equal to the maximum 2AMD.L drawdown of -99.50%. Use the drawdown chart below to compare losses from any high point for DS2P.L and 2AMD.L.
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Drawdown Indicators
| DS2P.L | 2AMD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.62% | -99.50% | -0.12% |
Max Drawdown (1Y)Largest decline over 1 year | -27.26% | -55.04% | +27.78% |
Max Drawdown (3Y)Largest decline over 3 years | -67.63% | -89.49% | +21.86% |
Max Drawdown (5Y)Largest decline over 5 years | -78.85% | -99.50% | +20.65% |
Max Drawdown (10Y)Largest decline over 10 years | -93.76% | — | — |
Current DrawdownCurrent decline from peak | -99.60% | -88.86% | -10.74% |
Average DrawdownAverage peak-to-trough decline | -89.22% | -71.10% | -18.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.75% | 28.31% | -15.56% |
Volatility
DS2P.L vs. 2AMD.L - Volatility Comparison
The current volatility for L&G DAX Daily 2x Short UCITS ETF EUR (Acc) (DS2P.L) is 9.55%, while Leverage Shares 2x Advanced Micro Devices ETC GBP (2AMD.L) has a volatility of 45.27%. This indicates that DS2P.L experiences smaller price fluctuations and is considered to be less risky than 2AMD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DS2P.L | 2AMD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.55% | 45.27% | -35.72% |
Volatility (6M)Calculated over the trailing 6-month period | 28.12% | 96.79% | -68.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.11% | 131.72% | -97.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.75% | 4,319.16% | -4,282.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.73% | 3,905.42% | -3,866.69% |
DS2P.L vs. 2AMD.L - Expense Ratio Comparison
DS2P.L has a 0.50% expense ratio, which is lower than 2AMD.L's 0.75% expense ratio.
Dividends
DS2P.L vs. 2AMD.L - Dividend Comparison
Neither DS2P.L nor 2AMD.L has paid dividends to shareholders.
Frequently Asked Questions
DS2P.L and 2AMD.L have a correlation of -0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DS2P.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DS2P.L is cheaper with a 0.50% expense ratio, compared with 0.75% for 2AMD.L.
DS2P.L tracks ShortDAX x2 Index Gross TR EUR, while 2AMD.L tracks iSTOXX Leveraged 2X AMD Index. They also come from different issuers: L&G and Leverage Shares. Their fees differ too: 0.50% for DS2P.L and 0.75% for 2AMD.L.
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