DXSN.DE vs. LSK8.DE
DXSN.DE (Xtrackers ShortDAX Daily Swap UCITS ETF (Acc)) and LSK8.DE (Amundi EURO STOXX 50 Daily (-2x) Inverse UCITS ETF (Acc)) are both Inverse Equities funds - DXSN.DE tracks the ShortDAX Index while LSK8.DE tracks the EURO STOXX 50 Daily Leverage (-2x) Index. Both are passively managed. Over the past 10 years, DXSN.DE returned -11.19%/yr vs -26.27%/yr for LSK8.DE. Their correlation of 0.92 suggests significant overlap in exposure. DXSN.DE charges 0.40%/yr vs 0.60%/yr for LSK8.DE.
Performance
DXSN.DE vs. LSK8.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DXSN.DE achieves a -4.46% return, which is significantly higher than LSK8.DE's -23.31% return. Over the past 10 years, DXSN.DE has outperformed LSK8.DE with an annualized return of -11.19%, while LSK8.DE has yielded a comparatively lower -26.27% annualized return.
DXSN.DE
- 1D
- -0.77%
- 1M
- -3.54%
- 6M
- -4.36%
- YTD
- -4.46%
- 1Y
- -5.37%
- 3Y*
- -11.18%
- 5Y*
- -8.40%
- 10Y*
- -11.19%
LSK8.DE
- 1D
- -1.56%
- 1M
- -11.03%
- 6M
- -21.93%
- YTD
- -23.31%
- 1Y
- -34.93%
- 3Y*
- -25.33%
- 5Y*
- -23.92%
- 10Y*
- -26.27%
DXSN.DE vs. LSK8.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DXSN.DE Xtrackers ShortDAX Daily Swap UCITS ETF (Acc) | -4.46% | -17.17% | -10.34% | -12.80% | 7.55% | -16.40% | -14.50% | -22.67% | 17.84% | -13.51% |
LSK8.DE Amundi EURO STOXX 50 Daily (-2x) Inverse UCITS ETF (Acc) | -23.31% | -33.73% | -14.37% | -31.29% | 0.76% | -40.00% | -24.40% | -45.71% | 18.85% | -22.51% |
Correlation
The correlation between DXSN.DE and LSK8.DE is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jul 29, 2008 | 0.92 |
The correlation between DXSN.DE and LSK8.DE has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.
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Return for Risk
DXSN.DE vs. LSK8.DE — Risk / Return Rank
DXSN.DE
LSK8.DE
DXSN.DE vs. LSK8.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers ShortDAX Daily Swap UCITS ETF (Acc) (DXSN.DE) and Amundi EURO STOXX 50 Daily (-2x) Inverse UCITS ETF (Acc) (LSK8.DE). 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.
| DXSN.DE | LSK8.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.76 | ||
| Sortino ratioReturn per unit of downside risk | +1.18 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 0.82 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.40 | -0.89 | +0.49 |
| Martin ratioReturn relative to average drawdown | -0.92 | -1.64 | +0.72 |
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Drawdowns
DXSN.DE vs. LSK8.DE - Drawdown Comparison
The maximum DXSN.DE drawdown since its inception was -92.04%, smaller than the maximum LSK8.DE drawdown of -99.69%. Use the drawdown chart below to compare losses from any high point for DXSN.DE and LSK8.DE.
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Drawdown Indicators
| DXSN.DE | LSK8.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.04% | -99.69% | +7.65% |
Max Drawdown (1Y)Largest decline over 1 year | -13.39% | -38.94% | +25.55% |
Max Drawdown (3Y)Largest decline over 3 years | -37.00% | -65.42% | +28.42% |
Max Drawdown (5Y)Largest decline over 5 years | -46.93% | -79.07% | +32.14% |
Max Drawdown (10Y)Largest decline over 10 years | -69.91% | -95.40% | +25.49% |
Current DrawdownCurrent decline from peak | -92.04% | -99.69% | +7.65% |
Average DrawdownAverage peak-to-trough decline | -67.57% | -87.91% | +20.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.80% | 21.21% | -15.41% |
Volatility
DXSN.DE vs. LSK8.DE - Volatility Comparison
The current volatility for Xtrackers ShortDAX Daily Swap UCITS ETF (Acc) (DXSN.DE) is 4.41%, while Amundi EURO STOXX 50 Daily (-2x) Inverse UCITS ETF (Acc) (LSK8.DE) has a volatility of 7.85%. This indicates that DXSN.DE experiences smaller price fluctuations and is considered to be less risky than LSK8.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXSN.DE | LSK8.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.41% | 7.85% | -3.44% |
Volatility (6M)Calculated over the trailing 6-month period | 13.54% | 26.87% | -13.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.23% | 31.93% | -15.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.22% | 35.09% | -17.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.10% | 35.82% | -17.72% |
DXSN.DE vs. LSK8.DE - Expense Ratio Comparison
DXSN.DE has a 0.40% expense ratio, which is lower than LSK8.DE's 0.60% expense ratio.
Dividends
DXSN.DE vs. LSK8.DE - Dividend Comparison
Neither DXSN.DE nor LSK8.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, DXSN.DE and LSK8.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, DXSN.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DXSN.DE is cheaper with a 0.40% expense ratio, compared with 0.60% for LSK8.DE.
DXSN.DE tracks ShortDAX Index, while LSK8.DE tracks EURO STOXX 50 Daily Leverage (-2x) Index. They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.40% for DXSN.DE and 0.60% for LSK8.DE.
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