DXSP.DE vs. LSK8.DE
DXSP.DE (Xtrackers Euro Stoxx 50 Short Daily Swap UCITS ETF (Acc)) and LSK8.DE (Amundi EURO STOXX 50 Daily (-2x) Inverse UCITS ETF (Acc)) are both Inverse Equities funds - DXSP.DE tracks the EURO STOXX 50 Short Index while LSK8.DE tracks the EURO STOXX 50 Daily Leverage (-2x) Index. Both are passively managed. Over the past 10 years, DXSP.DE returned -12.36%/yr vs -26.27%/yr for LSK8.DE. With a 0.98 correlation, they move nearly in lockstep. DXSP.DE charges 0.40%/yr vs 0.60%/yr for LSK8.DE.
Performance
DXSP.DE vs. LSK8.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DXSP.DE achieves a -10.98% return, which is significantly higher than LSK8.DE's -23.31% return. Over the past 10 years, DXSP.DE has outperformed LSK8.DE with an annualized return of -12.36%, while LSK8.DE has yielded a comparatively lower -26.27% annualized return.
DXSP.DE
- 1D
- -0.78%
- 1M
- -5.37%
- 6M
- -10.19%
- YTD
- -10.98%
- 1Y
- -17.31%
- 3Y*
- -11.17%
- 5Y*
- -10.52%
- 10Y*
- -12.36%
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%
DXSP.DE vs. LSK8.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DXSP.DE Xtrackers Euro Stoxx 50 Short Daily Swap UCITS ETF (Acc) | -10.98% | -16.45% | -4.98% | -15.04% | 3.40% | -21.77% | -8.52% | -25.52% | 9.97% | -11.86% |
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 DXSP.DE and LSK8.DE is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jul 29, 2008 | 0.98 |
The correlation between DXSP.DE and LSK8.DE has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
DXSP.DE vs. LSK8.DE — Risk / Return Rank
DXSP.DE
LSK8.DE
DXSP.DE vs. LSK8.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Euro Stoxx 50 Short Daily Swap UCITS ETF (Acc) (DXSP.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.
| DXSP.DE | LSK8.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.82 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | -0.89 | +0.03 |
| Martin ratioReturn relative to average drawdown | -1.64 | -1.64 | 0.00 |
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Drawdowns
DXSP.DE vs. LSK8.DE - Drawdown Comparison
The maximum DXSP.DE drawdown since its inception was -91.81%, smaller than the maximum LSK8.DE drawdown of -99.69%. Use the drawdown chart below to compare losses from any high point for DXSP.DE and LSK8.DE.
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Drawdown Indicators
| DXSP.DE | LSK8.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.81% | -99.69% | +7.88% |
Max Drawdown (1Y)Largest decline over 1 year | -20.03% | -38.94% | +18.91% |
Max Drawdown (3Y)Largest decline over 3 years | -36.76% | -65.42% | +28.66% |
Max Drawdown (5Y)Largest decline over 5 years | -48.59% | -79.07% | +30.48% |
Max Drawdown (10Y)Largest decline over 10 years | -73.71% | -95.40% | +21.69% |
Current DrawdownCurrent decline from peak | -91.81% | -99.69% | +7.88% |
Average DrawdownAverage peak-to-trough decline | -65.04% | -87.91% | +22.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.51% | 21.21% | -10.70% |
Volatility
DXSP.DE vs. LSK8.DE - Volatility Comparison
The current volatility for Xtrackers Euro Stoxx 50 Short Daily Swap UCITS ETF (Acc) (DXSP.DE) is 3.80%, while Amundi EURO STOXX 50 Daily (-2x) Inverse UCITS ETF (Acc) (LSK8.DE) has a volatility of 7.85%. This indicates that DXSP.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
| DXSP.DE | LSK8.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.80% | 7.85% | -4.05% |
Volatility (6M)Calculated over the trailing 6-month period | 13.48% | 26.87% | -13.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.08% | 31.93% | -15.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.59% | 35.09% | -17.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.96% | 35.82% | -17.86% |
DXSP.DE vs. LSK8.DE - Expense Ratio Comparison
DXSP.DE has a 0.40% expense ratio, which is lower than LSK8.DE's 0.60% expense ratio.
Dividends
DXSP.DE vs. LSK8.DE - Dividend Comparison
Neither DXSP.DE nor LSK8.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.99, DXSP.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, DXSP.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DXSP.DE is cheaper with a 0.40% expense ratio, compared with 0.60% for LSK8.DE.
DXSP.DE tracks EURO STOXX 50 Short 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 DXSP.DE and 0.60% for LSK8.DE.
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