DS2P.L vs. 2MU.L
DS2P.L (L&G DAX Daily 2x Short UCITS ETF EUR (Acc)) and 2MU.L (Leverage Shares 2x Micron Technology ETC GBP) are both Leveraged Equities funds - DS2P.L tracks the ShortDAX x2 Index Gross TR EUR while 2MU.L tracks the iSTOXX Leveraged 2X MU Index. Both are passively managed. Over the past 5 years, DS2P.L returned -20.24%/yr vs 94.59%/yr for 2MU.L. At a correlation of -0.39, they often move in opposite directions. DS2P.L charges 0.50%/yr vs 0.75%/yr for 2MU.L.
Performance
DS2P.L vs. 2MU.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DS2P.L achieves a -11.43% return, which is significantly lower than 2MU.L's 620.93% 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%
2MU.L
- 1D
- 0.00%
- 1M
- -24.57%
- 6M
- 461.59%
- YTD
- 620.93%
- 1Y
- 3,375.34%
- 3Y*
- 286.17%
- 5Y*
- 94.59%
- 10Y*
- —
DS2P.L vs. 2MU.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% |
2MU.L Leverage Shares 2x Micron Technology ETC GBP | 620.93% | 550.25% | -30.59% | 142.95% | -76.42% | 45.29% | 65.67% |
Correlation
The correlation between DS2P.L and 2MU.L is -0.35, 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 | -0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.39 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | -0.39 |
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
DS2P.L vs. 2MU.L — Risk / Return Rank
DS2P.L
2MU.L
DS2P.L vs. 2MU.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 Micron Technology ETC GBP (2MU.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 | 2MU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -22.28 | ||
| Sortino ratioReturn per unit of downside risk | -5.90 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.70 | -0.72 |
| Calmar ratioReturn relative to maximum drawdown | -0.38 | 63.45 | -63.83 |
| Martin ratioReturn relative to average drawdown | -0.82 | 202.07 | -202.89 |
Loading charts...
Drawdowns
DS2P.L vs. 2MU.L - Drawdown Comparison
The maximum DS2P.L drawdown since its inception was -99.62%, which is greater than 2MU.L's maximum drawdown of -89.16%. Use the drawdown chart below to compare losses from any high point for DS2P.L and 2MU.L.
Loading charts...
Drawdown Indicators
| DS2P.L | 2MU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.62% | -89.16% | -10.46% |
Max Drawdown (1Y)Largest decline over 1 year | -27.26% | -53.20% | +25.94% |
Max Drawdown (3Y)Largest decline over 3 years | -67.63% | -89.16% | +21.53% |
Max Drawdown (5Y)Largest decline over 5 years | -78.85% | -89.16% | +10.31% |
Max Drawdown (10Y)Largest decline over 10 years | -93.76% | — | — |
Current DrawdownCurrent decline from peak | -99.60% | -37.25% | -62.35% |
Average DrawdownAverage peak-to-trough decline | -89.22% | -44.30% | -44.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.75% | 16.70% | -3.95% |
Volatility
DS2P.L vs. 2MU.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 Micron Technology ETC GBP (2MU.L) has a volatility of 57.95%. This indicates that DS2P.L experiences smaller price fluctuations and is considered to be less risky than 2MU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DS2P.L | 2MU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.55% | 57.95% | -48.40% |
Volatility (6M)Calculated over the trailing 6-month period | 28.12% | 111.41% | -83.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.11% | 153.58% | -119.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.75% | 111.50% | -74.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.73% | 105.70% | -66.97% |
DS2P.L vs. 2MU.L - Expense Ratio Comparison
DS2P.L has a 0.50% expense ratio, which is lower than 2MU.L's 0.75% expense ratio.
Dividends
DS2P.L vs. 2MU.L - Dividend Comparison
Neither DS2P.L nor 2MU.L has paid dividends to shareholders.
Frequently Asked Questions
DS2P.L and 2MU.L have a correlation of -0.35, 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 2MU.L.
DS2P.L tracks ShortDAX x2 Index Gross TR EUR, while 2MU.L tracks iSTOXX Leveraged 2X MU 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 2MU.L.
Find the right allocation for DS2P.L and 2MU.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