LSK7.DE vs. DES2.DE
LSK7.DE (Amundi EURO STOXX 50 Daily (-1x) Inverse UCITS ETF (Acc)) and DES2.DE (L&G DAX Daily 2x Short UCITS ETF) are both Inverse Equities funds - LSK7.DE tracks the EURO STOXX 50 Daily Inverse Index while DES2.DE tracks the ShortDAX x2 Index. Both are passively managed. Over the past 10 years, LSK7.DE returned -11.85%/yr vs -23.54%/yr for DES2.DE. Their correlation of 0.91 suggests significant overlap in exposure. LSK7.DE charges 0.40%/yr vs 0.50%/yr for DES2.DE.
Performance
LSK7.DE vs. DES2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, LSK7.DE achieves a -8.55% return, which is significantly lower than DES2.DE's -5.08% return. Over the past 10 years, LSK7.DE has outperformed DES2.DE with an annualized return of -11.85%, while DES2.DE has yielded a comparatively lower -23.54% annualized return.
LSK7.DE
- 1D
- 0.90%
- 1M
- 1.20%
- 6M
- -5.07%
- YTD
- -8.55%
- 1Y
- -14.47%
- 3Y*
- -10.59%
- 5Y*
- -10.24%
- 10Y*
- -11.85%
DES2.DE
- 1D
- 0.69%
- 1M
- 1.00%
- 6M
- 0.85%
- YTD
- -5.08%
- 1Y
- -6.12%
- 3Y*
- -24.13%
- 5Y*
- -19.98%
- 10Y*
- -23.54%
LSK7.DE vs. DES2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LSK7.DE Amundi EURO STOXX 50 Daily (-1x) Inverse UCITS ETF (Acc) | -8.55% | -16.53% | -5.05% | -15.07% | 3.40% | -21.96% | -8.93% | -25.83% | 9.60% | -11.79% |
DES2.DE L&G DAX Daily 2x Short UCITS ETF | -5.08% | -35.92% | -24.73% | -28.32% | 8.81% | -31.47% | -34.46% | -41.49% | 35.04% | -25.95% |
Correlation
The correlation between LSK7.DE and DES2.DE is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2009 | 0.91 |
The correlation between LSK7.DE and DES2.DE has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.
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Return for Risk
LSK7.DE vs. DES2.DE — Risk / Return Rank
LSK7.DE
DES2.DE
LSK7.DE vs. DES2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi EURO STOXX 50 Daily (-1x) Inverse UCITS ETF (Acc) (LSK7.DE) and L&G DAX Daily 2x Short UCITS ETF (DES2.DE). 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.
| LSK7.DE | DES2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 0.99 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | -0.23 | -0.48 |
| Martin ratioReturn relative to average drawdown | -1.29 | -0.49 | -0.80 |
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Drawdowns
LSK7.DE vs. DES2.DE - Drawdown Comparison
The maximum LSK7.DE drawdown since its inception was -87.99%, smaller than the maximum DES2.DE drawdown of -99.34%. Use the drawdown chart below to compare losses from any high point for LSK7.DE and DES2.DE.
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Drawdown Indicators
| LSK7.DE | DES2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.99% | -99.34% | +11.35% |
Max Drawdown (1Y)Largest decline over 1 year | -20.24% | -26.29% | +6.05% |
Max Drawdown (3Y)Largest decline over 3 years | -37.05% | -66.97% | +29.92% |
Max Drawdown (5Y)Largest decline over 5 years | -48.91% | -77.94% | +29.03% |
Max Drawdown (10Y)Largest decline over 10 years | -72.69% | -93.47% | +20.78% |
Current DrawdownCurrent decline from peak | -87.62% | -99.29% | +11.67% |
Average DrawdownAverage peak-to-trough decline | -58.97% | -83.30% | +24.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.20% | 12.50% | -1.30% |
Volatility
LSK7.DE vs. DES2.DE - Volatility Comparison
The current volatility for Amundi EURO STOXX 50 Daily (-1x) Inverse UCITS ETF (Acc) (LSK7.DE) is 4.02%, while L&G DAX Daily 2x Short UCITS ETF (DES2.DE) has a volatility of 9.19%. This indicates that LSK7.DE experiences smaller price fluctuations and is considered to be less risky than DES2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LSK7.DE | DES2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.02% | 9.19% | -5.17% |
Volatility (6M)Calculated over the trailing 6-month period | 13.42% | 27.27% | -13.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.02% | 32.34% | -16.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.52% | 34.53% | -17.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.89% | 36.31% | -18.42% |
LSK7.DE vs. DES2.DE - Expense Ratio Comparison
LSK7.DE has a 0.40% expense ratio, which is lower than DES2.DE's 0.50% expense ratio.
Dividends
LSK7.DE vs. DES2.DE - Dividend Comparison
Neither LSK7.DE nor DES2.DE has paid dividends to shareholders.
Frequently Asked Questions
LSK7.DE and DES2.DE have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LSK7.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LSK7.DE is cheaper with a 0.40% expense ratio, compared with 0.50% for DES2.DE.
LSK7.DE tracks EURO STOXX 50 Daily Inverse Index, while DES2.DE tracks ShortDAX x2 Index. They also come from different issuers: Amundi and L&G. Their fees differ too: 0.40% for LSK7.DE and 0.50% for DES2.DE.
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