DS2P.L vs. ETRA.L
DS2P.L (L&G DAX Daily 2x Short UCITS ETF EUR (Acc)) and ETRA.L (L&G New Energy Commodities UCITS ETF USD Acc) are both exchange-traded funds - DS2P.L is a Leveraged Equities fund tracking the ShortDAX x2 Index Gross TR EUR, while ETRA.L is a Commodities fund tracking the Solactive Energy Transition Commodity Total Return Index. Both are passively managed. Over the past year, DS2P.L returned -10.34% vs 28.20% for ETRA.L. At a correlation of -0.07, they often move in opposite directions. DS2P.L charges 0.50%/yr vs 0.65%/yr for ETRA.L.
Performance
DS2P.L vs. ETRA.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 ETRA.L's 9.29% 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%
ETRA.L
- 1D
- 0.00%
- 1M
- -1.63%
- 6M
- 1.76%
- YTD
- 9.29%
- 1Y
- 28.20%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DS2P.L vs. ETRA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DS2P.L L&G DAX Daily 2x Short UCITS ETF EUR (Acc) | -11.43% | -29.68% | -18.96% |
ETRA.L L&G New Energy Commodities UCITS ETF USD Acc | 9.29% | 19.38% | -20.97% |
Correlation
The correlation between DS2P.L and ETRA.L is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2024 | -0.07 |
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. ETRA.L — Risk / Return Rank
DS2P.L
ETRA.L
DS2P.L vs. ETRA.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 L&G New Energy Commodities UCITS ETF USD Acc (ETRA.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 | ETRA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.95 | ||
| Sortino ratioReturn per unit of downside risk | -1.49 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.37 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.38 | 1.12 | -1.51 |
| Martin ratioReturn relative to average drawdown | -0.82 | 2.11 | -2.94 |
Loading charts...
Drawdowns
DS2P.L vs. ETRA.L - Drawdown Comparison
The maximum DS2P.L drawdown since its inception was -99.62%, which is greater than ETRA.L's maximum drawdown of -26.76%. Use the drawdown chart below to compare losses from any high point for DS2P.L and ETRA.L.
Loading charts...
Drawdown Indicators
| DS2P.L | ETRA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.62% | -26.76% | -72.86% |
Max Drawdown (1Y)Largest decline over 1 year | -27.26% | -25.14% | -2.12% |
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 DrawdownCurrent decline from peak | -99.60% | -11.10% | -88.50% |
Average DrawdownAverage peak-to-trough decline | -89.22% | -18.76% | -70.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.75% | 13.34% | -0.59% |
Volatility
DS2P.L vs. ETRA.L - Volatility Comparison
L&G DAX Daily 2x Short UCITS ETF EUR (Acc) (DS2P.L) has a higher volatility of 9.55% compared to L&G New Energy Commodities UCITS ETF USD Acc (ETRA.L) at 4.48%. This indicates that DS2P.L's price experiences larger fluctuations and is considered to be riskier than ETRA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DS2P.L | ETRA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.55% | 4.48% | +5.07% |
Volatility (6M)Calculated over the trailing 6-month period | 28.12% | 11.25% | +16.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.11% | 43.84% | -9.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.75% | 32.96% | +3.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.73% | 32.96% | +5.77% |
DS2P.L vs. ETRA.L - Expense Ratio Comparison
DS2P.L has a 0.50% expense ratio, which is lower than ETRA.L's 0.65% expense ratio.
Dividends
DS2P.L vs. ETRA.L - Dividend Comparison
Neither DS2P.L nor ETRA.L has paid dividends to shareholders.
Frequently Asked Questions
DS2P.L and ETRA.L have a correlation of -0.09, 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 0.65% for ETRA.L.
DS2P.L is categorized as Leveraged Equities, while ETRA.L is Commodities. DS2P.L tracks ShortDAX x2 Index Gross TR EUR, while ETRA.L tracks Solactive Energy Transition Commodity Total Return Index. Their fees differ too: 0.50% for DS2P.L and 0.65% for ETRA.L.
Find the right allocation for DS2P.L and ETRA.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