LGGL.L vs. DS2P.L

Last updated Jul 18, 2026

LGGL.L (L&G Global Equity UCITS ETF) and DS2P.L (L&G DAX Daily 2x Short 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 DS2P.L is a Leveraged Equities fund tracking the ShortDAX x2 Index Gross TR EUR. Both are passively managed. Over the past 5 years, LGGL.L returned 11.57%/yr vs -20.52%/yr for DS2P.L. At a correlation of -0.72, they often move in opposite directions. LGGL.L charges 0.10%/yr vs 0.50%/yr for DS2P.L.

Performance

LGGL.L vs. DS2P.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 Short UCITS ETF EUR (Acc) (DS2P.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

LGGL.L is traded in USD, while DS2P.L is traded in GBp. To make them comparable, the DS2P.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 9.10% return, which is significantly higher than DS2P.L's -11.05% return.

LGGL.L

• 1D: -1.06%
• 1M: -0.66%
• 6M: 7.46%
• YTD: 9.10%
• 1Y: 20.45%
• 3Y*: 18.55%
• 5Y*: 11.57%
• 10Y*: —

DS2P.L

• 1D: 0.35%
• 1M: -0.61%
• 6M: -0.58%
• YTD: -11.05%
• 1Y: -7.24%
• 3Y*: -23.53%
• 5Y*: -20.52%
• 10Y*: -23.20%

*Multi-year figures are annualized to reflect compound growth (CAGR)

LGGL.L vs. DS2P.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
LGGL.L L&G Global Equity UCITS ETF	9.10%	21.18%	19.20%	25.02%	-18.03%	21.94%	16.35%	26.98%	-7.73%
DS2P.L L&G DAX Daily 2x Short UCITS ETF EUR (Acc)	-11.05%	-24.37%	-29.54%	-26.02%	1.59%	-36.55%	-29.52%	-39.81%	14.55%

Correlation

The correlation between LGGL.L and DS2P.L is -0.66, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.66
Correlation (3Y) Calculated over the trailing 3-year period	-0.65
Correlation (5Y) Calculated over the trailing 5-year period	-0.70
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018	-0.72

The correlation between LGGL.L and DS2P.L has been stable across timeframes, ranging from -0.72 to -0.65 - a consistent structural relationship.

Return for Risk

LGGL.L vs. DS2P.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: 69
LGGL.L Sharpe Ratio Rank: 68
LGGL.L Sortino Ratio Rank: 74
LGGL.L Omega Ratio Rank: 67
LGGL.L Calmar Ratio Rank: 64
LGGL.L Martin Ratio Rank: 73

DS2P.L

DS2P.L Risk / Return Rank: 8
DS2P.L Sharpe Ratio Rank: 8
DS2P.L Sortino Ratio Rank: 8
DS2P.L Omega Ratio Rank: 8
DS2P.L Calmar Ratio Rank: 7
DS2P.L Martin Ratio Rank: 7

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. DS2P.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 Short UCITS ETF EUR (Acc) (DS2P.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.L	DS2P.L	Difference
Sharpe ratio: Return per unit of total volatility	1.66	-0.22	+1.87
Sortino ratio: Return per unit of downside risk	2.52	-0.08	+2.61
Omega ratio: Gain probability vs. loss probability	1.30	0.99	+0.31
Calmar ratio: Return relative to maximum drawdown	2.42	-0.27	+2.69
Martin ratio: Return relative to average drawdown	9.97	-0.58	+10.55

LGGL.L vs. DS2P.L - Sharpe Ratio Comparison

The current LGGL.L Sharpe Ratio is 1.66, which is higher than the DS2P.L Sharpe Ratio of -0.22. The chart below compares the historical Sharpe Ratios of LGGL.L and DS2P.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.

Drawdowns

LGGL.L vs. DS2P.L - Drawdown Comparison

The maximum LGGL.L drawdown since its inception was -33.89%, smaller than the maximum DS2P.L drawdown of -99.69%. Use the drawdown chart below to compare losses from any high point for LGGL.L and DS2P.L.

Drawdown Indicators

	LGGL.L	DS2P.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.89%	-99.69%	+65.80%
Max Drawdown (1Y) Largest decline over 1 year	-8.42%	-26.76%	+18.34%
Max Drawdown (3Y) Largest decline over 3 years	-17.79%	-64.94%	+47.15%
Max Drawdown (5Y) Largest decline over 5 years	-25.76%	-76.19%	+50.43%
Max Drawdown (10Y) Largest decline over 10 years	—	-93.34%	—
Current Drawdown Current decline from peak	-1.17%	-99.67%	+98.50%
Average Drawdown Average peak-to-trough decline	-4.91%	-89.77%	+84.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.05%	12.38%	-10.33%

Volatility

LGGL.L vs. DS2P.L - Volatility Comparison

The current volatility for L&G Global Equity UCITS ETF (LGGL.L) is 3.00%, while L&G DAX Daily 2x Short UCITS ETF EUR (Acc) (DS2P.L) has a volatility of 9.17%. This indicates that LGGL.L experiences smaller price fluctuations and is considered to be less risky than DS2P.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LGGL.L	DS2P.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.00%	9.17%	-6.17%
Volatility (6M) Calculated over the trailing 6-month period	9.89%	27.31%	-17.42%
Volatility (1Y) Calculated over the trailing 1-year period	12.31%	33.48%	-21.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.65%	34.80%	-19.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.10%	37.18%	-20.08%

LGGL.L vs. DS2P.L - Expense Ratio Comparison

LGGL.L has a 0.10% expense ratio, which is lower than DS2P.L's 0.50% expense ratio.

Dividends

LGGL.L vs. DS2P.L - Dividend Comparison

Neither LGGL.L nor DS2P.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both LGGL.L and DS2P.L in my portfolio?

LGGL.L and DS2P.L have a correlation of -0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LGGL.L or DS2P.L?

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.

Which ETF is cheaper, LGGL.L or DS2P.L?

LGGL.L is cheaper with a 0.10% expense ratio, compared with 0.50% for DS2P.L.

What is the main difference between LGGL.L and DS2P.L?

LGGL.L is categorized as Global Equities, while DS2P.L is Leveraged Equities. LGGL.L tracks Solactive Core Developed Markets Large & Mid Cap USD Index NTR, while DS2P.L tracks ShortDAX x2 Index Gross TR EUR. Their fees differ too: 0.10% for LGGL.L and 0.50% for DS2P.L.