DS2P.L vs. AMD3.L
DS2P.L (L&G DAX Daily 2x Short UCITS ETF EUR (Acc)) and AMD3.L (Leverage Shares 3x AMD ETP Securities) are both Leveraged Equities funds - DS2P.L tracks the ShortDAX x2 Index Gross TR EUR while AMD3.L tracks the iSTOXX Leveraged 3x AMD Index. Both are passively managed. Over the past 5 years, DS2P.L returned -20.24%/yr vs 1.26%/yr for AMD3.L. At a correlation of -0.41, they often move in opposite directions. DS2P.L charges 0.50%/yr vs 0.75%/yr for AMD3.L.
Performance
DS2P.L vs. AMD3.L - Performance Comparison
Loading charts...
Different Trading Currencies
DS2P.L is traded in GBp, while AMD3.L is traded in USD. To make them comparable, the AMD3.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, DS2P.L achieves a -11.43% return, which is significantly lower than AMD3.L's 448.95% 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%
AMD3.L
- 1D
- -22.69%
- 1M
- -26.64%
- 6M
- 403.54%
- YTD
- 448.95%
- 1Y
- 723.30%
- 3Y*
- 47.44%
- 5Y*
- 1.26%
- 10Y*
- —
DS2P.L vs. AMD3.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DS2P.L L&G DAX Daily 2x Short UCITS ETF EUR (Acc) | -11.43% | -29.68% | -28.35% | -29.73% | 13.75% | -11.81% |
AMD3.L Leverage Shares 3x AMD ETP Securities | 448.95% | 53.32% | -76.37% | 438.56% | -97.19% | 379.40% |
Correlation
The correlation between DS2P.L and AMD3.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 May 24, 2021 | -0.41 |
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. AMD3.L — Risk / Return Rank
DS2P.L
AMD3.L
DS2P.L vs. AMD3.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 AMD ETP Securities (AMD3.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 | AMD3.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.88 | ||
| Sortino ratioReturn per unit of downside risk | -3.74 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.44 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.38 | 9.39 | -9.77 |
| Martin ratioReturn relative to average drawdown | -0.82 | 17.09 | -17.91 |
Loading charts...
Drawdowns
DS2P.L vs. AMD3.L - Drawdown Comparison
The maximum DS2P.L drawdown since its inception was -99.62%, roughly equal to the maximum AMD3.L drawdown of -99.50%. Use the drawdown chart below to compare losses from any high point for DS2P.L and AMD3.L.
Loading charts...
Drawdown Indicators
| DS2P.L | AMD3.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.62% | -99.50% | -0.12% |
Max Drawdown (1Y)Largest decline over 1 year | -27.26% | -76.34% | +49.08% |
Max Drawdown (3Y)Largest decline over 3 years | -67.63% | -97.91% | +30.28% |
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% | -79.45% | -20.15% |
Average DrawdownAverage peak-to-trough decline | -89.22% | -83.05% | -6.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.75% | 42.00% | -29.25% |
Volatility
DS2P.L vs. AMD3.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 AMD ETP Securities (AMD3.L) has a volatility of 68.47%. This indicates that DS2P.L experiences smaller price fluctuations and is considered to be less risky than AMD3.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DS2P.L | AMD3.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.55% | 68.47% | -58.92% |
Volatility (6M)Calculated over the trailing 6-month period | 28.12% | 153.69% | -125.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.11% | 201.51% | -167.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.75% | 158.60% | -121.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.73% | 156.87% | -118.14% |
DS2P.L vs. AMD3.L - Expense Ratio Comparison
DS2P.L has a 0.50% expense ratio, which is lower than AMD3.L's 0.75% expense ratio.
Dividends
DS2P.L vs. AMD3.L - Dividend Comparison
Neither DS2P.L nor AMD3.L has paid dividends to shareholders.
Frequently Asked Questions
DS2P.L and AMD3.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 AMD3.L.
DS2P.L tracks ShortDAX x2 Index Gross TR EUR, while AMD3.L tracks iSTOXX Leveraged 3x 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 AMD3.L.
Find the right allocation for DS2P.L and AMD3.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