LGJP.L vs. DS2P.L
LGJP.L (L&G Japan Equity UCITS ETF USD (Acc)) and DS2P.L (L&G DAX Daily 2x Short UCITS ETF EUR (Acc)) are both exchange-traded funds - LGJP.L is a Japan Equities fund tracking the Solactive Core Japan 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, LGJP.L returned 9.00%/yr vs -20.52%/yr for DS2P.L. At a correlation of -0.57, they often move in opposite directions. LGJP.L charges 0.10%/yr vs 0.50%/yr for DS2P.L.
Performance
LGJP.L vs. DS2P.L - Performance Comparison
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Different Trading Currencies
LGJP.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, LGJP.L achieves a 12.44% return, which is significantly higher than DS2P.L's -11.05% return.
LGJP.L
- 1D
- -2.11%
- 1M
- -4.31%
- 6M
- 6.50%
- YTD
- 12.44%
- 1Y
- 29.74%
- 3Y*
- 16.40%
- 5Y*
- 9.00%
- 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%
LGJP.L vs. DS2P.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
LGJP.L L&G Japan Equity UCITS ETF USD (Acc) | 12.44% | 25.67% | 8.35% | 20.25% | -16.76% | 1.05% | 16.58% | 18.59% | -7.06% |
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 LGJP.L and DS2P.L is -0.53, 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 | -0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.54 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018 | -0.57 |
The correlation between LGJP.L and DS2P.L has been stable across timeframes, ranging from -0.57 to -0.51 - a consistent structural relationship.
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Return for Risk
LGJP.L vs. DS2P.L — Risk / Return Rank
LGJP.L
DS2P.L
LGJP.L vs. DS2P.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Japan Equity UCITS ETF USD (Acc) (LGJP.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.
| LGJP.L | DS2P.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.61 | ||
| Sortino ratioReturn per unit of downside risk | +2.13 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.99 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | -0.27 | +2.51 |
| Martin ratioReturn relative to average drawdown | 7.24 | -0.58 | +7.83 |
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Drawdowns
LGJP.L vs. DS2P.L - Drawdown Comparison
The maximum LGJP.L drawdown since its inception was -32.19%, smaller than the maximum DS2P.L drawdown of -99.69%. Use the drawdown chart below to compare losses from any high point for LGJP.L and DS2P.L.
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Drawdown Indicators
| LGJP.L | DS2P.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.19% | -99.69% | +67.50% |
Max Drawdown (1Y)Largest decline over 1 year | -13.20% | -26.76% | +13.56% |
Max Drawdown (3Y)Largest decline over 3 years | -14.30% | -64.94% | +50.64% |
Max Drawdown (5Y)Largest decline over 5 years | -32.19% | -76.19% | +44.00% |
Max Drawdown (10Y)Largest decline over 10 years | — | -93.34% | — |
Current DrawdownCurrent decline from peak | -5.49% | -99.67% | +94.18% |
Average DrawdownAverage peak-to-trough decline | -7.57% | -89.77% | +82.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.10% | 12.38% | -8.28% |
Volatility
LGJP.L vs. DS2P.L - Volatility Comparison
The current volatility for L&G Japan Equity UCITS ETF USD (Acc) (LGJP.L) is 6.68%, while L&G DAX Daily 2x Short UCITS ETF EUR (Acc) (DS2P.L) has a volatility of 9.17%. This indicates that LGJP.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.
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Volatility by Period
| LGJP.L | DS2P.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.68% | 9.17% | -2.49% |
Volatility (6M)Calculated over the trailing 6-month period | 17.75% | 27.31% | -9.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.21% | 33.48% | -12.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.17% | 34.80% | -16.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.31% | 37.18% | -18.87% |
LGJP.L vs. DS2P.L - Expense Ratio Comparison
LGJP.L has a 0.10% expense ratio, which is lower than DS2P.L's 0.50% expense ratio.
Dividends
LGJP.L vs. DS2P.L - Dividend Comparison
Neither LGJP.L nor DS2P.L has paid dividends to shareholders.
Frequently Asked Questions
LGJP.L and DS2P.L have a correlation of -0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LGJP.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LGJP.L is cheaper with a 0.10% expense ratio, compared with 0.50% for DS2P.L.
LGJP.L is categorized as Japan Equities, while DS2P.L is Leveraged Equities. LGJP.L tracks Solactive Core Japan Large & Mid Cap USD Index NTR, while DS2P.L tracks ShortDAX x2 Index Gross TR EUR. Their fees differ too: 0.10% for LGJP.L and 0.50% for DS2P.L.
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