DS2P.L vs. 3BAB.L
DS2P.L (L&G DAX Daily 2x Short UCITS ETF EUR (Acc)) and 3BAB.L (Leverage Shares 3x Alibaba ETC) are both Leveraged Equities funds - DS2P.L tracks the ShortDAX x2 Index Gross TR EUR while 3BAB.L tracks the iSTOXX Leveraged 3x BABA Index. Both are passively managed. Over the past 3 years, DS2P.L returned -24.32%/yr vs -33.90%/yr for 3BAB.L. At a correlation of -0.29, they often move in opposite directions. DS2P.L charges 0.50%/yr vs 0.75%/yr for 3BAB.L.
Performance
DS2P.L vs. 3BAB.L - Performance Comparison
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Returns By Period
In the year-to-date period, DS2P.L achieves a -11.00% return, which is significantly higher than 3BAB.L's -66.02% return.
DS2P.L
- 1D
- 0.56%
- 1M
- -1.79%
- 6M
- -1.11%
- YTD
- -11.00%
- 1Y
- -7.47%
- 3Y*
- -24.32%
- 5Y*
- -20.16%
- 10Y*
- -23.39%
3BAB.L
- 1D
- -8.58%
- 1M
- 6.70%
- 6M
- -74.43%
- YTD
- -66.02%
- 1Y
- -53.43%
- 3Y*
- -33.90%
- 5Y*
- —
- 10Y*
- —
DS2P.L vs. 3BAB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DS2P.L L&G DAX Daily 2x Short UCITS ETF EUR (Acc) | -11.00% | -29.68% | -28.35% | -3.29% |
3BAB.L Leverage Shares 3x Alibaba ETC | -66.02% | 109.01% | -18.41% | -40.40% |
Correlation
The correlation between DS2P.L and 3BAB.L is -0.26, 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 | -0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.28 |
Correlation (All Time) Calculated using the full available price history since May 24, 2023 | -0.29 |
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Return for Risk
DS2P.L vs. 3BAB.L — Risk / Return Rank
DS2P.L
3BAB.L
DS2P.L vs. 3BAB.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 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.
| DS2P.L | 3BAB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.01 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | -0.58 | +0.31 |
| Martin ratioReturn relative to average drawdown | -0.58 | -0.91 | +0.33 |
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Drawdowns
DS2P.L vs. 3BAB.L - Drawdown Comparison
The maximum DS2P.L drawdown since its inception was -99.62%, which is greater than 3BAB.L's maximum drawdown of -92.05%. Use the drawdown chart below to compare losses from any high point for DS2P.L and 3BAB.L.
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Drawdown Indicators
| DS2P.L | 3BAB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.62% | -92.05% | -7.57% |
Max Drawdown (1Y)Largest decline over 1 year | -27.26% | -92.05% | +64.79% |
Max Drawdown (3Y)Largest decline over 3 years | -67.63% | -92.05% | +24.42% |
Max Drawdown (5Y)Largest decline over 5 years | -78.85% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -93.76% | — | — |
Current DrawdownCurrent decline from peak | -99.59% | -86.71% | -12.88% |
Average DrawdownAverage peak-to-trough decline | -89.22% | -54.89% | -34.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.82% | 58.39% | -45.57% |
Volatility
DS2P.L vs. 3BAB.L - Volatility Comparison
The current volatility for L&G DAX Daily 2x Short UCITS ETF EUR (Acc) (DS2P.L) is 9.45%, while Leverage Shares 3x Alibaba ETC (3BAB.L) has a volatility of 43.92%. This indicates that DS2P.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.
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Volatility by Period
| DS2P.L | 3BAB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.45% | 43.92% | -34.47% |
Volatility (6M)Calculated over the trailing 6-month period | 28.11% | 89.84% | -61.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.11% | 130.18% | -96.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.73% | 127.47% | -90.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.73% | 127.47% | -88.74% |
DS2P.L vs. 3BAB.L - Expense Ratio Comparison
DS2P.L has a 0.50% expense ratio, which is lower than 3BAB.L's 0.75% expense ratio.
Dividends
DS2P.L vs. 3BAB.L - Dividend Comparison
Neither DS2P.L nor 3BAB.L has paid dividends to shareholders.
Frequently Asked Questions
DS2P.L and 3BAB.L have a correlation of -0.26, 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 3BAB.L.
DS2P.L tracks ShortDAX 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: 0.50% for DS2P.L and 0.75% for 3BAB.L.
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