ISPY.L vs. DEL2.L
ISPY.L (L&G Cyber Security UCITS ETF) and DEL2.L (L&G DAX Daily 2x Long UCITS ETF EUR (Acc)) are both exchange-traded funds - ISPY.L is a Cybersecurity fund tracking the ISE Cyber Security UCITS Index, while DEL2.L is a Leveraged Equities fund tracking the LevDAX x2 Index Gross TR EUR. Both are passively managed. Over the past 10 years, ISPY.L returned 17.12%/yr vs 12.96%/yr for DEL2.L. At a 0.48 correlation, their price movements are largely independent. ISPY.L charges 0.69%/yr vs 0.40%/yr for DEL2.L.
Performance
ISPY.L vs. DEL2.L - Performance Comparison
Loading charts...
Different Trading Currencies
ISPY.L is traded in GBp, while DEL2.L is traded in EUR. To make them comparable, the DEL2.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, ISPY.L achieves a 47.11% return, which is significantly higher than DEL2.L's -3.16% return. Over the past 10 years, ISPY.L has outperformed DEL2.L with an annualized return of 17.12%, while DEL2.L has yielded a comparatively lower 12.96% annualized return.
ISPY.L
- 1D
- -2.96%
- 1M
- 11.14%
- 6M
- 50.18%
- YTD
- 47.11%
- 1Y
- 44.59%
- 3Y*
- 28.79%
- 5Y*
- 13.16%
- 10Y*
- 17.12%
DEL2.L
- 1D
- 0.00%
- 1M
- -1.65%
- 6M
- -8.69%
- YTD
- -3.16%
- 1Y
- -2.59%
- 3Y*
- 23.12%
- 5Y*
- 12.14%
- 10Y*
- 12.96%
ISPY.L vs. DEL2.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISPY.L L&G Cyber Security UCITS ETF | 47.11% | 0.28% | 19.68% | 34.35% | -24.57% | 9.18% | 37.24% | 25.65% | 14.46% | 13.11% |
DEL2.L L&G DAX Daily 2x Long UCITS ETF EUR (Acc) | -3.16% | 44.60% | 25.67% | 31.99% | -23.97% | 22.32% | 1.42% | 37.83% | -35.00% | 33.24% |
Correlation
The correlation between ISPY.L and DEL2.L is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2015 | 0.48 |
The correlation between ISPY.L and DEL2.L shifts across timeframes, from 0.29 (1 year) to 0.48 (10 years), reflecting how their relationship changes across market environments.
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
ISPY.L vs. DEL2.L — Risk / Return Rank
ISPY.L
DEL2.L
ISPY.L vs. DEL2.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Cyber Security UCITS ETF (ISPY.L) and L&G DAX Daily 2x Long UCITS ETF EUR (Acc) (DEL2.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.
| ISPY.L | DEL2.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.67 | ||
| Sortino ratioReturn per unit of downside risk | +2.06 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.01 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | -0.10 | +2.28 |
| Martin ratioReturn relative to average drawdown | 5.43 | -0.31 | +5.74 |
Loading charts...
Drawdowns
ISPY.L vs. DEL2.L - Drawdown Comparison
The maximum ISPY.L drawdown since its inception was -50.17%, smaller than the maximum DEL2.L drawdown of -62.23%. Use the drawdown chart below to compare losses from any high point for ISPY.L and DEL2.L.
Loading charts...
Drawdown Indicators
| ISPY.L | DEL2.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.17% | -62.23% | +12.06% |
Max Drawdown (1Y)Largest decline over 1 year | -20.33% | -27.04% | +6.71% |
Max Drawdown (3Y)Largest decline over 3 years | -28.19% | -28.87% | +0.68% |
Max Drawdown (5Y)Largest decline over 5 years | -31.77% | -46.74% | +14.97% |
Max Drawdown (10Y)Largest decline over 10 years | -31.77% | -62.23% | +30.46% |
Current DrawdownCurrent decline from peak | -2.96% | -9.58% | +6.62% |
Average DrawdownAverage peak-to-trough decline | -12.86% | -16.01% | +3.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.19% | 8.63% | -0.44% |
Volatility
ISPY.L vs. DEL2.L - Volatility Comparison
L&G Cyber Security UCITS ETF (ISPY.L) has a higher volatility of 10.58% compared to L&G DAX Daily 2x Long UCITS ETF EUR (Acc) (DEL2.L) at 9.31%. This indicates that ISPY.L's price experiences larger fluctuations and is considered to be riskier than DEL2.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ISPY.L | DEL2.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.58% | 9.31% | +1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 24.94% | 27.90% | -2.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.86% | 32.70% | -4.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.58% | 34.12% | -6.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.47% | 35.70% | -11.23% |
ISPY.L vs. DEL2.L - Expense Ratio Comparison
ISPY.L has a 0.69% expense ratio, which is higher than DEL2.L's 0.40% expense ratio.
Dividends
ISPY.L vs. DEL2.L - Dividend Comparison
Neither ISPY.L nor DEL2.L has paid dividends to shareholders.
Frequently Asked Questions
ISPY.L and DEL2.L have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DEL2.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DEL2.L is cheaper with a 0.40% expense ratio, compared with 0.69% for ISPY.L.
ISPY.L is categorized as Cybersecurity, while DEL2.L is Leveraged Equities. ISPY.L tracks ISE Cyber Security UCITS Index, while DEL2.L tracks LevDAX x2 Index Gross TR EUR. Their fees differ too: 0.69% for ISPY.L and 0.40% for DEL2.L.
Find the right allocation for ISPY.L and DEL2.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