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LGGL.L vs. DL2P.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

LGGL.L vs. DL2P.L

Last updated Jul 29, 2026
Documentation

LGGL.L (L&G Global Equity UCITS ETF) and DL2P.L (L&G DAX Daily 2x Long UCITS ETF EUR (Acc)) are both exchange-traded funds - LGGL.L is a Global Equities fund tracking the Solactive Core Developed Markets Large & Mid Cap USD Index NTR, while DL2P.L is a Leveraged Equities fund tracking the LevDAX x2 Index Gross TR EUR. Both are passively managed. Over the past 5 years, LGGL.L returned 11.06%/yr vs 11.97%/yr for DL2P.L. Their 0.80 correlation means they have sometimes moved together and sometimes differently. LGGL.L charges 0.10%/yr vs 0.40%/yr for DL2P.L.

Performance

LGGL.L vs. DL2P.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in L&G Global Equity UCITS ETF (LGGL.L) and L&G DAX Daily 2x Long UCITS ETF EUR (Acc) (DL2P.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

LGGL.L is traded in USD, while DL2P.L is traded in GBp. To make them comparable, the DL2P.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, LGGL.L achieves a 8.82% return, which is significantly higher than DL2P.L's 0.12% return.

LGGL.L

1D
0.41%
1M
1.08%
6M
6.09%
YTD
8.82%
1Y
18.40%
3Y*
18.06%
5Y*
11.06%
10Y*
—
ALL TIME*
13.62%

DL2P.L

1D
0.91%
1M
5.99%
6M
-5.16%
YTD
0.12%
1Y
2.96%
3Y*
24.56%
5Y*
11.97%
10Y*
12.95%
ALL TIME*
11.14%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

DL2P.L

L&G DAX Daily 2x Long UCITS ETF EUR (Acc)
$474.62K$439.84K$532.09K

LGGL.L

L&G Global Equity UCITS ETF
$156.82K$189.72K$175.04K

LGGL.L vs. DL2P.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
LGGL.L
L&G Global Equity UCITS ETF		8.82%21.18%19.20%25.02%-18.03%21.94%16.35%26.98%-7.73%
DL2P.L
L&G DAX Daily 2x Long UCITS ETF EUR (Acc)		0.12%55.16%23.69%38.80%-31.75%20.51%4.45%44.47%-14.30%

Correlation

The correlation between LGGL.L and DL2P.L is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.76

Correlation (3Y)
Balances recent behavior with more history.

0.74

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.78

Correlation (All Time)
Calculated using the full available price history since Nov 9, 2018

0.80

The correlation between LGGL.L and DL2P.L has been stable across timeframes, ranging from 0.74 to 0.80 - a consistent structural relationship.

LGGL.L vs. DL2P.L - Sectors Allocation Comparison

Sectors
LGGL.L
DL2P.L

Technology

31.2%

-

Financial Services

15.9%

-

Industrials

10.9%

-

Healthcare

9.1%

-

Consumer Cyclical

9.1%

-

Communication Services

8.6%

-

Consumer Defensive

5.0%

-

Energy

3.4%

-

Basic Materials

3.0%

-

Utilities

2.3%

-

Real Estate

1.7%
12.6%

Technology

LGGL.L
31.2%
DL2P.L

-

Financial Services

LGGL.L
15.9%
DL2P.L

-

Industrials

LGGL.L
10.9%
DL2P.L

-

Healthcare

LGGL.L
9.1%
DL2P.L

-

Consumer Cyclical

LGGL.L
9.1%
DL2P.L

-

Communication Services

LGGL.L
8.6%
DL2P.L

-

Consumer Defensive

LGGL.L
5.0%
DL2P.L

-

Energy

LGGL.L
3.4%
DL2P.L

-

Basic Materials

LGGL.L
3.0%
DL2P.L

-

Utilities

LGGL.L
2.3%
DL2P.L

-

Real Estate

LGGL.L
1.7%
DL2P.L
12.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

L&G Global Equity UCITS ETF

L&G DAX Daily 2x Long UCITS ETF EUR (Acc)

Often compared with LGGL.L:
LGGL.L vs. ISPY.LLGGL.L vs. HTWG.LLGGL.L vs. INFR.LLGGL.L vs. XDEV.LLGGL.L vs. WRDA.LLGGL.L vs. LDGL.LLGGL.L vs. SBUY.L
Often compared with DL2P.L:
DL2P.L vs. ENCO.LDL2P.L vs. BIOT.LDL2P.L vs. 3BAL.LDL2P.L vs. 3USL.LDL2P.L vs. 3VT.LDL2P.L vs. DS2P.LDL2P.L vs. DEL2.L

Return for Risk

LGGL.L vs. DL2P.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
LGGL.L
LGGL.L Risk / Return Rank: 6666
Overall Rank
LGGL.L Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
LGGL.L Sortino Ratio Rank: 6969
Sortino Ratio Rank
LGGL.L Omega Ratio Rank: 6464
Omega Ratio Rank
LGGL.L Calmar Ratio Rank: 6262
Calmar Ratio Rank
LGGL.L Martin Ratio Rank: 7272
Martin Ratio Rank
DL2P.L
DL2P.L Risk / Return Rank: 1313
Overall Rank
DL2P.L Sharpe Ratio Rank: 1313
Sharpe Ratio Rank
DL2P.L Sortino Ratio Rank: 1313
Sortino Ratio Rank
DL2P.L Omega Ratio Rank: 1313
Omega Ratio Rank
DL2P.L Calmar Ratio Rank: 1313
Calmar Ratio Rank
DL2P.L Martin Ratio Rank: 1313
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LGGL.L vs. DL2P.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G Global Equity UCITS ETF (LGGL.L) and L&G DAX Daily 2x Long UCITS ETF EUR (Acc) (DL2P.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.

LGGL.LDL2P.LDifference
Sharpe ratioReturn per unit of total volatility
1.48
0.09

+1.39

Sortino ratioReturn per unit of downside risk
2.24
0.36

+1.88

Omega ratioGain probability vs. loss probability

1.27

1.04

+0.23

Calmar ratioReturn relative to maximum drawdown

2.18

0.12

+2.06

Martin ratioReturn relative to average drawdown

8.94

0.33

+8.61

LGGL.L vs. DL2P.L - Sharpe Ratio Comparison

The current LGGL.L Sharpe Ratio is 1.48, which is higher than the DL2P.L Sharpe Ratio of 0.09. The chart below compares the historical Sharpe Ratios of LGGL.L and DL2P.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

LGGL.L vs. DL2P.L - Drawdown Comparison

The maximum LGGL.L drawdown since its inception was -33.89%, smaller than the maximum DL2P.L drawdown of -69.19%. Use the drawdown chart below to compare losses from any high point for LGGL.L and DL2P.L.

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Drawdown Indicators

LGGL.LDL2P.LDifference

Max Drawdown

Largest peak-to-trough decline

-33.89%

-69.19%

+35.30%

Max Drawdown (1Y)

Largest decline over 1 year

-8.42%

-25.01%

+16.59%

Max Drawdown (3Y)

Largest decline over 3 years

-17.79%

-29.30%

+11.51%

Max Drawdown (5Y)

Largest decline over 5 years

-25.76%

-56.32%

+30.56%

Max Drawdown (10Y)

Largest decline over 10 years

—

-69.19%

—

Current Drawdown

Current decline from peak

-1.42%

-6.25%

+4.83%

Average Drawdown

Average peak-to-trough decline

-4.89%

-19.21%

+14.32%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.05%

8.93%

-6.88%

Volatility

LGGL.L vs. DL2P.L - Volatility Comparison

The current volatility for L&G Global Equity UCITS ETF (LGGL.L) is 3.41%, while L&G DAX Daily 2x Long UCITS ETF EUR (Acc) (DL2P.L) has a volatility of 10.43%. This indicates that LGGL.L experiences smaller price fluctuations and is considered to be less risky than DL2P.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

LGGL.LDL2P.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.41%

10.43%

-7.02%

Volatility (6M)

Calculated over the trailing 6-month period

9.99%

28.12%

-18.13%

Volatility (1Y)

Calculated over the trailing 1-year period

12.42%

32.96%

-20.54%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.63%

36.65%

-21.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.08%

37.57%

-20.49%

LGGL.L vs. DL2P.L - Expense Ratio Comparison

LGGL.L has a 0.10% expense ratio, which is lower than DL2P.L's 0.40% expense ratio.

Dividends

LGGL.L vs. DL2P.L - Dividend Comparison

Neither LGGL.L nor DL2P.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

LGGL.L and DL2P.L have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, LGGL.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

LGGL.L is cheaper with a 0.10% expense ratio, compared with 0.40% for DL2P.L.

LGGL.L is categorized as Global Equities, while DL2P.L is Leveraged Equities. LGGL.L tracks Solactive Core Developed Markets Large & Mid Cap USD Index NTR, while DL2P.L tracks LevDAX x2 Index Gross TR EUR. Their fees differ too: 0.10% for LGGL.L and 0.40% for DL2P.L.

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