LGEU.L vs. DEL2.L
LGEU.L (L&G Europe ex UK Equity UCITS ETF) and DEL2.L (L&G DAX Daily 2x Long UCITS ETF EUR (Acc)) are both exchange-traded funds - LGEU.L is a Europe Equities fund tracking the L&G Europe ex UK Equity UCITS ETF, 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, LGEU.L returned 9.66%/yr vs 12.22%/yr for DEL2.L. Their correlation of 0.89 suggests significant overlap in exposure. LGEU.L charges 0.10%/yr vs 0.40%/yr for DEL2.L.
Performance
LGEU.L vs. DEL2.L - Performance Comparison
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Returns By Period
In the year-to-date period, LGEU.L achieves a 10.65% return, which is significantly higher than DEL2.L's -1.16% return.
LGEU.L
- 1D
- -0.63%
- 1M
- 0.36%
- 6M
- 6.63%
- YTD
- 10.65%
- 1Y
- 20.38%
- 3Y*
- 14.31%
- 5Y*
- 9.66%
- 10Y*
- —
DEL2.L
- 1D
- -0.71%
- 1M
- -0.49%
- 6M
- -7.41%
- YTD
- -1.16%
- 1Y
- -1.14%
- 3Y*
- 23.36%
- 5Y*
- 12.22%
- 10Y*
- 12.72%
LGEU.L vs. DEL2.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
LGEU.L L&G Europe ex UK Equity UCITS ETF | 10.65% | 19.94% | 6.68% | 17.97% | -11.77% | 24.90% | 1.53% | 30.71% | -9.44% |
DEL2.L L&G DAX Daily 2x Long UCITS ETF EUR (Acc) | -1.16% | 37.26% | 31.65% | 34.68% | -27.71% | 30.03% | -4.00% | 46.12% | -14.49% |
Correlation
The correlation between LGEU.L and DEL2.L is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018 | 0.89 |
The correlation between LGEU.L and DEL2.L has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.
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Return for Risk
LGEU.L vs. DEL2.L — Risk / Return Rank
LGEU.L
DEL2.L
LGEU.L vs. DEL2.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Europe ex UK Equity UCITS ETF (LGEU.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.
| LGEU.L | DEL2.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.58 | ||
| Sortino ratioReturn per unit of downside risk | +2.06 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.02 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | -0.04 | +2.18 |
| Martin ratioReturn relative to average drawdown | 8.15 | -0.13 | +8.27 |
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Drawdowns
LGEU.L vs. DEL2.L - Drawdown Comparison
The maximum LGEU.L drawdown since its inception was -34.27%, smaller than the maximum DEL2.L drawdown of -64.67%. Use the drawdown chart below to compare losses from any high point for LGEU.L and DEL2.L.
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Drawdown Indicators
| LGEU.L | DEL2.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.27% | -64.67% | +30.40% |
Max Drawdown (1Y)Largest decline over 1 year | -9.92% | -26.77% | +16.85% |
Max Drawdown (3Y)Largest decline over 3 years | -16.41% | -30.23% | +13.82% |
Max Drawdown (5Y)Largest decline over 5 years | -22.68% | -49.13% | +26.45% |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.67% | — |
Current DrawdownCurrent decline from peak | -2.52% | -8.15% | +5.63% |
Average DrawdownAverage peak-to-trough decline | -4.90% | -16.34% | +11.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 8.68% | -6.08% |
Volatility
LGEU.L vs. DEL2.L - Volatility Comparison
The current volatility for L&G Europe ex UK Equity UCITS ETF (LGEU.L) is 3.68%, while L&G DAX Daily 2x Long UCITS ETF EUR (Acc) (DEL2.L) has a volatility of 9.31%. This indicates that LGEU.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.
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Volatility by Period
| LGEU.L | DEL2.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.68% | 9.31% | -5.63% |
Volatility (6M)Calculated over the trailing 6-month period | 11.29% | 27.88% | -16.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.72% | 33.04% | -19.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.08% | 34.41% | -19.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.99% | 36.20% | -19.21% |
LGEU.L vs. DEL2.L - Expense Ratio Comparison
LGEU.L has a 0.10% expense ratio, which is lower than DEL2.L's 0.40% expense ratio.
Dividends
LGEU.L vs. DEL2.L - Dividend Comparison
Neither LGEU.L nor DEL2.L has paid dividends to shareholders.
Frequently Asked Questions
LGEU.L and DEL2.L have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LGEU.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LGEU.L is cheaper with a 0.10% expense ratio, compared with 0.40% for DEL2.L.
LGEU.L is categorized as Europe Equities, while DEL2.L is Leveraged Equities. LGEU.L tracks L&G Europe ex UK Equity UCITS ETF, while DEL2.L tracks LevDAX x2 Index Gross TR EUR. Their fees differ too: 0.10% for LGEU.L and 0.40% for DEL2.L.
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