DS2P.L vs. 3VT.L

Last updated Jul 18, 2026

DS2P.L (L&G DAX Daily 2x Short UCITS ETF EUR (Acc)) and 3VT.L (Leverage Shares 3x Long Total World ETP Securities GBP) are both Leveraged Equities funds. DS2P.L is passively managed, while 3VT.L is actively managed. At a correlation of -0.64, they often move in opposite directions. DS2P.L charges 0.50%/yr vs 0.75%/yr for 3VT.L.

Performance

DS2P.L vs. 3VT.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in L&G DAX Daily 2x Short UCITS ETF EUR (Acc) (DS2P.L) and Leverage Shares 3x Long Total World ETP Securities GBP (3VT.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

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%

3VT.L

• 1D: 0.00%
• 1M: -4.82%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DS2P.L vs. 3VT.L - Yearly Performance Comparison

	2026 (YTD)
DS2P.L L&G DAX Daily 2x Short UCITS ETF EUR (Acc)	-16.16%
3VT.L Leverage Shares 3x Long Total World ETP Securities GBP	30.15%

Correlation

The correlation between DS2P.L and 3VT.L is -0.64, 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 (All Time) Calculated using the full available price history since Apr 7, 2026	-0.64

Return for Risk

DS2P.L vs. 3VT.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DS2P.L

DS2P.L Risk / Return Rank: 8
DS2P.L Sharpe Ratio Rank: 8
DS2P.L Sortino Ratio Rank: 8
DS2P.L Omega Ratio Rank: 8
DS2P.L Calmar Ratio Rank: 7
DS2P.L Martin Ratio Rank: 7

3VT.L

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DS2P.L vs. 3VT.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 Long Total World ETP Securities GBP (3VT.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	3VT.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.22	—	—
Sortino ratio: Return per unit of downside risk	-0.08	—	—
Omega ratio: Gain probability vs. loss probability	0.99	—	—
Calmar ratio: Return relative to maximum drawdown	-0.27	—	—
Martin ratio: Return relative to average drawdown	-0.58	—	—

Drawdowns

DS2P.L vs. 3VT.L - Drawdown Comparison

The maximum DS2P.L drawdown since its inception was -99.62%, which is greater than 3VT.L's maximum drawdown of -11.41%. Use the drawdown chart below to compare losses from any high point for DS2P.L and 3VT.L.

Drawdown Indicators

	DS2P.L	3VT.L	Difference
Max Drawdown Largest peak-to-trough decline	-99.62%	-11.41%	-88.21%
Max Drawdown (1Y) Largest decline over 1 year	-27.26%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-67.63%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-78.85%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-93.76%	—	—
Current Drawdown Current decline from peak	-99.59%	-6.62%	-92.97%
Average Drawdown Average peak-to-trough decline	-89.22%	-3.34%	-85.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.82%	—	—

Volatility

Volatility by Period

	DS2P.L	3VT.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.45%	—	—
Volatility (6M) Calculated over the trailing 6-month period	28.11%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	34.11%	41.59%	-7.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.73%	41.59%	-4.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.73%	41.59%	-2.86%

DS2P.L vs. 3VT.L - Expense Ratio Comparison

DS2P.L has a 0.50% expense ratio, which is lower than 3VT.L's 0.75% expense ratio.

Dividends

DS2P.L vs. 3VT.L - Dividend Comparison

Neither DS2P.L nor 3VT.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DS2P.L and 3VT.L in my portfolio?

DS2P.L and 3VT.L have a correlation of -0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DS2P.L or 3VT.L?

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.

Which ETF is cheaper, DS2P.L or 3VT.L?

DS2P.L is cheaper with a 0.50% expense ratio, compared with 0.75% for 3VT.L.

What is the main difference between DS2P.L and 3VT.L?

They also come from different issuers: L&G and Leverage Shares. Their fees differ too: 0.50% for DS2P.L and 0.75% for 3VT.L.