LDME.L vs. DEL2.L
LDME.L (L&G Emerging Markets Quality Dividends Equal Weight ETF USD Dis) and DEL2.L (L&G DAX Daily 2x Long UCITS ETF EUR (Acc)) are both exchange-traded funds - LDME.L is a Emerging Markets Equities fund tracking the L&G Emerging Markets Quality Dividends Equal Weight ETF USD Dis, while DEL2.L is a Leveraged Equities fund tracking the LevDAX x2 Index Gross TR EUR. Both are passively managed. Over the past 5 years, LDME.L returned 9.82%/yr vs 12.14%/yr for DEL2.L. At a 0.41 correlation, their price movements are largely independent. LDME.L charges 0.45%/yr vs 0.40%/yr for DEL2.L.
Performance
LDME.L vs. DEL2.L - Performance Comparison
Loading charts...
Different Trading Currencies
LDME.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, LDME.L achieves a 11.94% return, which is significantly higher than DEL2.L's -3.16% return.
LDME.L
- 1D
- -0.95%
- 1M
- -4.00%
- 6M
- 8.40%
- YTD
- 11.94%
- 1Y
- 21.67%
- 3Y*
- 16.11%
- 5Y*
- 9.82%
- 10Y*
- —
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%
LDME.L vs. DEL2.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
LDME.L L&G Emerging Markets Quality Dividends Equal Weight ETF USD Dis | 11.94% | 16.54% | 11.33% | 10.64% | -2.34% | 7,358.59% |
DEL2.L L&G DAX Daily 2x Long UCITS ETF EUR (Acc) | -3.16% | 44.60% | 25.67% | 31.99% | -23.97% | -2.75% |
Correlation
The correlation between LDME.L and DEL2.L is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2021 | 0.41 |
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
LDME.L vs. DEL2.L — Risk / Return Rank
LDME.L
DEL2.L
LDME.L vs. DEL2.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Emerging Markets Quality Dividends Equal Weight ETF USD Dis (LDME.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.
| LDME.L | DEL2.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.96 | ||
| Sortino ratioReturn per unit of downside risk | +2.47 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.01 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 3.53 | -0.10 | +3.62 |
| Martin ratioReturn relative to average drawdown | 9.38 | -0.31 | +9.69 |
Loading charts...
Drawdowns
LDME.L vs. DEL2.L - Drawdown Comparison
The maximum LDME.L drawdown since its inception was -14.82%, smaller than the maximum DEL2.L drawdown of -62.23%. Use the drawdown chart below to compare losses from any high point for LDME.L and DEL2.L.
Loading charts...
Drawdown Indicators
| LDME.L | DEL2.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.82% | -62.23% | +47.41% |
Max Drawdown (1Y)Largest decline over 1 year | -6.44% | -27.04% | +20.60% |
Max Drawdown (3Y)Largest decline over 3 years | -14.82% | -28.87% | +14.05% |
Max Drawdown (5Y)Largest decline over 5 years | -14.82% | -46.74% | +31.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -62.23% | — |
Current DrawdownCurrent decline from peak | -5.29% | -9.58% | +4.29% |
Average DrawdownAverage peak-to-trough decline | -3.24% | -16.01% | +12.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 8.63% | -6.21% |
Volatility
LDME.L vs. DEL2.L - Volatility Comparison
The current volatility for L&G Emerging Markets Quality Dividends Equal Weight ETF USD Dis (LDME.L) is 3.97%, while L&G DAX Daily 2x Long UCITS ETF EUR (Acc) (DEL2.L) has a volatility of 9.31%. This indicates that LDME.L experiences smaller price fluctuations and is considered to be less risky than DEL2.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| LDME.L | DEL2.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.97% | 9.31% | -5.34% |
Volatility (6M)Calculated over the trailing 6-month period | 9.77% | 27.90% | -18.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.12% | 32.70% | -20.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.65% | 34.12% | -21.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3,216.41% | 35.70% | +3,180.71% |
LDME.L vs. DEL2.L - Expense Ratio Comparison
LDME.L has a 0.45% expense ratio, which is higher than DEL2.L's 0.40% expense ratio.
Dividends
LDME.L vs. DEL2.L - Dividend Comparison
LDME.L's dividend yield for the trailing twelve months is around 2.85%, while DEL2.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
DEL2.L L&G DAX Daily 2x Long UCITS ETF EUR (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LDME.L L&G Emerging Markets Quality Dividends Equal Weight ETF USD Dis | 2.85% | 3.04% | 3.67% | 3.56% | 4.57% | 1.55% |
Frequently Asked Questions
LDME.L and DEL2.L have a correlation of 0.48, 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 0.45% for LDME.L.
LDME.L is categorized as Emerging Markets Equities, while DEL2.L is Leveraged Equities. LDME.L tracks L&G Emerging Markets Quality Dividends Equal Weight ETF USD Dis, while DEL2.L tracks LevDAX x2 Index Gross TR EUR. Their fees differ too: 0.45% for LDME.L and 0.40% for DEL2.L.
Find the right allocation for LDME.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