LYQL.DE vs. DBPD.DE
LYQL.DE (Amundi ShortDAX Daily (-2x) Inverse UCITS ETF (Acc)) and DBPD.DE (Xtrackers ShortDAX x2 Daily Swap UCITS ETF (Acc)) are both Inverse Equities funds tracking the ShortDAX Leverage (2x) Index, from Amundi and Xtrackers respectively. Both are passively managed. Over the past 10 years, LYQL.DE returned -24.43%/yr vs -24.22%/yr for DBPD.DE. With a 0.98 correlation, they move nearly in lockstep. Both charge a 0.60% expense ratio.
Performance
LYQL.DE vs. DBPD.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with LYQL.DE having a -11.31% return and DBPD.DE slightly lower at -11.42%. Both investments have delivered pretty close results over the past 10 years, with LYQL.DE having a -24.43% annualized return and DBPD.DE not far ahead at -24.22%.
LYQL.DE
- 1D
- -1.53%
- 1M
- -7.52%
- 6M
- -11.31%
- YTD
- -11.31%
- 1Y
- -14.67%
- 3Y*
- -25.51%
- 5Y*
- -20.46%
- 10Y*
- -24.43%
DBPD.DE
- 1D
- -1.45%
- 1M
- -7.46%
- 6M
- -11.30%
- YTD
- -11.42%
- 1Y
- -14.87%
- 3Y*
- -25.37%
- 5Y*
- -20.25%
- 10Y*
- -24.22%
LYQL.DE vs. DBPD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LYQL.DE Amundi ShortDAX Daily (-2x) Inverse UCITS ETF (Acc) | -11.31% | -35.38% | -23.89% | -28.00% | 9.49% | -31.50% | -34.43% | -41.46% | 35.68% | -25.44% |
DBPD.DE Xtrackers ShortDAX x2 Daily Swap UCITS ETF (Acc) | -11.42% | -35.14% | -23.51% | -28.08% | 9.77% | -31.09% | -33.90% | -40.89% | 36.84% | -25.87% |
Correlation
The correlation between LYQL.DE and DBPD.DE is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2010 | 0.98 |
The correlation between LYQL.DE and DBPD.DE has been stable across timeframes, ranging from 0.98 to 1.00 - a consistent structural relationship.
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Return for Risk
LYQL.DE vs. DBPD.DE — Risk / Return Rank
LYQL.DE
DBPD.DE
LYQL.DE vs. DBPD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi ShortDAX Daily (-2x) Inverse UCITS ETF (Acc) (LYQL.DE) and Xtrackers ShortDAX x2 Daily Swap UCITS ETF (Acc) (DBPD.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.
| LYQL.DE | DBPD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.94 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | -0.57 | +0.01 |
| Martin ratioReturn relative to average drawdown | -1.26 | -1.28 | +0.02 |
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Drawdowns
LYQL.DE vs. DBPD.DE - Drawdown Comparison
The maximum LYQL.DE drawdown since its inception was -99.14%, roughly equal to the maximum DBPD.DE drawdown of -99.15%. Use the drawdown chart below to compare losses from any high point for LYQL.DE and DBPD.DE.
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Drawdown Indicators
| LYQL.DE | DBPD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.14% | -99.15% | +0.01% |
Max Drawdown (1Y)Largest decline over 1 year | -26.22% | -26.16% | -0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -66.11% | -65.57% | -0.54% |
Max Drawdown (5Y)Largest decline over 5 years | -77.13% | -76.93% | -0.20% |
Max Drawdown (10Y)Largest decline over 10 years | -94.10% | -93.94% | -0.16% |
Current DrawdownCurrent decline from peak | -99.14% | -99.15% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -83.00% | -82.62% | -0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.60% | 11.61% | -0.01% |
Volatility
LYQL.DE vs. DBPD.DE - Volatility Comparison
Amundi ShortDAX Daily (-2x) Inverse UCITS ETF (Acc) (LYQL.DE) and Xtrackers ShortDAX x2 Daily Swap UCITS ETF (Acc) (DBPD.DE) have volatilities of 8.89% and 8.90%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LYQL.DE | DBPD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.89% | 8.90% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 26.96% | 27.00% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.22% | 32.27% | -0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.39% | 34.36% | +0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.22% | 36.24% | -0.02% |
LYQL.DE vs. DBPD.DE - Expense Ratio Comparison
Both LYQL.DE and DBPD.DE have an expense ratio of 0.60%.
Dividends
LYQL.DE vs. DBPD.DE - Dividend Comparison
Neither LYQL.DE nor DBPD.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 1.00, LYQL.DE and DBPD.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.60% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
LYQL.DE and DBPD.DE have the same expense ratio: 0.60% per year.
Both ETFs track ShortDAX Leverage (2x) Index. They also come from different issuers: Amundi and Xtrackers.
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