DS2P.L vs. 3GOO.L
DS2P.L (L&G DAX Daily 2x Short UCITS ETF EUR (Acc)) and 3GOO.L (Leverage Shares 3x Alphabet ETC GBP) are both Leveraged Equities funds - DS2P.L tracks the ShortDAX x2 Index Gross TR EUR while 3GOO.L tracks the iSTOXX Leveraged 3X GOOG Index. Both are passively managed. Over the past 5 years, DS2P.L returned -20.24%/yr vs 22.53%/yr for 3GOO.L. At a correlation of -0.39, they often move in opposite directions. DS2P.L charges 0.50%/yr vs 0.75%/yr for 3GOO.L.
Performance
DS2P.L vs. 3GOO.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 3GOO.L's 31.45% 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%
3GOO.L
- 1D
- 12.74%
- 1M
- -3.56%
- 6M
- 9.90%
- YTD
- 31.45%
- 1Y
- 430.42%
- 3Y*
- 92.29%
- 5Y*
- 22.53%
- 10Y*
- —
DS2P.L vs. 3GOO.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% |
3GOO.L Leverage Shares 3x Alphabet ETC GBP | 31.45% | 146.08% | 80.34% | 154.87% | -85.80% | 292.19% | 40.82% |
Correlation
The correlation between DS2P.L and 3GOO.L is -0.28, 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 | -0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.38 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | -0.39 |
The correlation between DS2P.L and 3GOO.L shifts across timeframes, from -0.39 (all time) to -0.28 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DS2P.L vs. 3GOO.L — Risk / Return Rank
DS2P.L
3GOO.L
DS2P.L vs. 3GOO.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 Alphabet ETC GBP (3GOO.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 | 3GOO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.20 | ||
| Sortino ratioReturn per unit of downside risk | -4.45 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.49 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.38 | 8.44 | -8.82 |
| Martin ratioReturn relative to average drawdown | -0.82 | 22.65 | -23.47 |
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Drawdowns
DS2P.L vs. 3GOO.L - Drawdown Comparison
The maximum DS2P.L drawdown since its inception was -99.62%, which is greater than 3GOO.L's maximum drawdown of -88.06%. Use the drawdown chart below to compare losses from any high point for DS2P.L and 3GOO.L.
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Drawdown Indicators
| DS2P.L | 3GOO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.62% | -88.06% | -11.56% |
Max Drawdown (1Y)Largest decline over 1 year | -27.26% | -50.61% | +23.35% |
Max Drawdown (3Y)Largest decline over 3 years | -67.63% | -68.88% | +1.25% |
Max Drawdown (5Y)Largest decline over 5 years | -78.85% | -88.06% | +9.21% |
Max Drawdown (10Y)Largest decline over 10 years | -93.76% | — | — |
Current DrawdownCurrent decline from peak | -99.60% | -25.60% | -74.00% |
Average DrawdownAverage peak-to-trough decline | -89.22% | -42.73% | -46.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.75% | 18.89% | -6.14% |
Volatility
DS2P.L vs. 3GOO.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 3x Alphabet ETC GBP (3GOO.L) has a volatility of 25.26%. This indicates that DS2P.L experiences smaller price fluctuations and is considered to be less risky than 3GOO.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 | 3GOO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.55% | 25.26% | -15.71% |
Volatility (6M)Calculated over the trailing 6-month period | 28.12% | 59.25% | -31.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.11% | 87.37% | -53.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.75% | 91.25% | -54.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.73% | 89.13% | -50.40% |
DS2P.L vs. 3GOO.L - Expense Ratio Comparison
DS2P.L has a 0.50% expense ratio, which is lower than 3GOO.L's 0.75% expense ratio.
Dividends
DS2P.L vs. 3GOO.L - Dividend Comparison
Neither DS2P.L nor 3GOO.L has paid dividends to shareholders.
Frequently Asked Questions
DS2P.L and 3GOO.L have a correlation of -0.28, 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 3GOO.L.
DS2P.L tracks ShortDAX x2 Index Gross TR EUR, while 3GOO.L tracks iSTOXX Leveraged 3X GOOG 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 3GOO.L.
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