ETLZ.DE vs. DEL2.DE
ETLZ.DE (L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc) and DEL2.DE (L&G DAX Daily 2x Long UCITS ETF) are both exchange-traded funds - ETLZ.DE is a Small Cap Blend Equities fund tracking the Russell 2000 0.4 Quality Target Exposure Factor Net Tax Index, while DEL2.DE is a Leveraged Equities fund tracking the LevDAX x2 Index. Both are passively managed. Over the past 10 years, ETLZ.DE returned 10.75%/yr vs 12.68%/yr for DEL2.DE. A 0.61 correlation means they provide meaningful diversification when combined. ETLZ.DE charges 0.30%/yr vs 0.40%/yr for DEL2.DE.
Performance
ETLZ.DE vs. DEL2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ETLZ.DE achieves a 21.33% return, which is significantly higher than DEL2.DE's -2.20% return. Over the past 10 years, ETLZ.DE has underperformed DEL2.DE with an annualized return of 10.75%, while DEL2.DE has yielded a comparatively higher 12.68% annualized return.
ETLZ.DE
- 1D
- -0.66%
- 1M
- 1.72%
- 6M
- 15.70%
- YTD
- 21.33%
- 1Y
- 34.15%
- 3Y*
- 14.90%
- 5Y*
- 9.00%
- 10Y*
- 10.75%
DEL2.DE
- 1D
- -1.36%
- 1M
- -1.11%
- 6M
- -7.79%
- YTD
- -2.20%
- 1Y
- -1.66%
- 3Y*
- 23.05%
- 5Y*
- 12.01%
- 10Y*
- 12.68%
ETLZ.DE vs. DEL2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETLZ.DE L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc | 21.33% | 0.32% | 15.12% | 16.03% | -14.22% | 30.61% | 8.11% | 28.84% | -9.27% | 0.58% |
DEL2.DE L&G DAX Daily 2x Long UCITS ETF | -2.20% | 38.93% | 30.47% | 34.91% | -28.24% | 29.94% | -5.25% | 52.22% | -35.31% | 23.94% |
Correlation
The correlation between ETLZ.DE and DEL2.DE is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 2009 | 0.61 |
The correlation between ETLZ.DE and DEL2.DE has been stable across timeframes, ranging from 0.55 to 0.64 - a consistent structural relationship.
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Return for Risk
ETLZ.DE vs. DEL2.DE — Risk / Return Rank
ETLZ.DE
DEL2.DE
ETLZ.DE vs. DEL2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc (ETLZ.DE) and L&G DAX Daily 2x Long UCITS ETF (DEL2.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.
| ETLZ.DE | DEL2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.34 | ||
| Sortino ratioReturn per unit of downside risk | +3.03 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.02 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 5.33 | -0.05 | +5.38 |
| Martin ratioReturn relative to average drawdown | 15.94 | -0.14 | +16.08 |
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Drawdowns
ETLZ.DE vs. DEL2.DE - Drawdown Comparison
The maximum ETLZ.DE drawdown since its inception was -58.36%, smaller than the maximum DEL2.DE drawdown of -65.30%. Use the drawdown chart below to compare losses from any high point for ETLZ.DE and DEL2.DE.
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Drawdown Indicators
| ETLZ.DE | DEL2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.36% | -65.30% | +6.94% |
Max Drawdown (1Y)Largest decline over 1 year | -7.04% | -24.33% | +17.29% |
Max Drawdown (3Y)Largest decline over 3 years | -31.34% | -29.92% | -1.42% |
Max Drawdown (5Y)Largest decline over 5 years | -31.34% | -48.89% | +17.55% |
Max Drawdown (10Y)Largest decline over 10 years | -41.01% | -65.30% | +24.29% |
Current DrawdownCurrent decline from peak | -2.30% | -8.86% | +6.56% |
Average DrawdownAverage peak-to-trough decline | -10.71% | -16.56% | +5.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.35% | 8.67% | -6.32% |
Volatility
ETLZ.DE vs. DEL2.DE - Volatility Comparison
The current volatility for L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc (ETLZ.DE) is 4.22%, while L&G DAX Daily 2x Long UCITS ETF (DEL2.DE) has a volatility of 9.27%. This indicates that ETLZ.DE experiences smaller price fluctuations and is considered to be less risky than DEL2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETLZ.DE | DEL2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.22% | 9.27% | -5.05% |
Volatility (6M)Calculated over the trailing 6-month period | 11.22% | 27.00% | -15.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.57% | 32.40% | -15.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.97% | 34.27% | -14.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.00% | 36.07% | -15.07% |
ETLZ.DE vs. DEL2.DE - Expense Ratio Comparison
ETLZ.DE has a 0.30% expense ratio, which is lower than DEL2.DE's 0.40% expense ratio.
Dividends
ETLZ.DE vs. DEL2.DE - Dividend Comparison
Neither ETLZ.DE nor DEL2.DE has paid dividends to shareholders.
Frequently Asked Questions
ETLZ.DE and DEL2.DE have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETLZ.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETLZ.DE is cheaper with a 0.30% expense ratio, compared with 0.40% for DEL2.DE.
ETLZ.DE is categorized as Small Cap Blend Equities, while DEL2.DE is Leveraged Equities. ETLZ.DE tracks Russell 2000 0.4 Quality Target Exposure Factor Net Tax Index, while DEL2.DE tracks LevDAX x2 Index. Their fees differ too: 0.30% for ETLZ.DE and 0.40% for DEL2.DE.
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