LYQL.DE vs. DBPK.DE
LYQL.DE (Amundi ShortDAX Daily (-2x) Inverse UCITS ETF (Acc)) and DBPK.DE (Xtrackers S&P 500 2x Inverse Daily Swap UCITS ETF (Acc)) are both Inverse Equities funds - LYQL.DE tracks the ShortDAX Leverage (2x) Index while DBPK.DE tracks the S&P 500 Short Leverage (-2x) Index. Both are passively managed. Over the past 10 years, LYQL.DE returned -24.43%/yr vs -27.15%/yr for DBPK.DE. A 0.69 correlation means they provide meaningful diversification when combined. LYQL.DE charges 0.60%/yr vs 0.70%/yr for DBPK.DE.
Performance
LYQL.DE vs. DBPK.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with LYQL.DE having a -11.31% return and DBPK.DE slightly higher at -11.09%. Over the past 10 years, LYQL.DE has outperformed DBPK.DE with an annualized return of -24.43%, while DBPK.DE has yielded a comparatively lower -27.15% annualized return.
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%
DBPK.DE
- 1D
- -0.07%
- 1M
- 3.67%
- 6M
- -12.79%
- YTD
- -11.09%
- 1Y
- -23.56%
- 3Y*
- -26.50%
- 5Y*
- -19.09%
- 10Y*
- -27.15%
LYQL.DE vs. DBPK.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% |
DBPK.DE Xtrackers S&P 500 2x Inverse Daily Swap UCITS ETF (Acc) | -11.09% | -34.12% | -24.20% | -33.54% | 42.87% | -39.02% | -53.09% | -40.00% | 12.72% | -40.55% |
Correlation
The correlation between LYQL.DE and DBPK.DE is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2010 | 0.69 |
The correlation between LYQL.DE and DBPK.DE has been stable across timeframes, ranging from 0.63 to 0.70 - a consistent structural relationship.
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Return for Risk
LYQL.DE vs. DBPK.DE — Risk / Return Rank
LYQL.DE
DBPK.DE
LYQL.DE vs. DBPK.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 S&P 500 2x Inverse Daily Swap UCITS ETF (Acc) (DBPK.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 | DBPK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.69 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.87 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | -0.78 | +0.22 |
| Martin ratioReturn relative to average drawdown | -1.26 | -1.42 | +0.16 |
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Drawdowns
LYQL.DE vs. DBPK.DE - Drawdown Comparison
The maximum LYQL.DE drawdown since its inception was -99.14%, roughly equal to the maximum DBPK.DE drawdown of -99.58%. Use the drawdown chart below to compare losses from any high point for LYQL.DE and DBPK.DE.
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Drawdown Indicators
| LYQL.DE | DBPK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.14% | -99.58% | +0.44% |
Max Drawdown (1Y)Largest decline over 1 year | -26.22% | -30.27% | +4.05% |
Max Drawdown (3Y)Largest decline over 3 years | -66.11% | -69.12% | +3.01% |
Max Drawdown (5Y)Largest decline over 5 years | -77.13% | -77.98% | +0.85% |
Max Drawdown (10Y)Largest decline over 10 years | -94.10% | -95.99% | +1.89% |
Current DrawdownCurrent decline from peak | -99.14% | -99.56% | +0.42% |
Average DrawdownAverage peak-to-trough decline | -83.00% | -86.93% | +3.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.60% | 16.61% | -5.01% |
Volatility
LYQL.DE vs. DBPK.DE - Volatility Comparison
Amundi ShortDAX Daily (-2x) Inverse UCITS ETF (Acc) (LYQL.DE) and Xtrackers S&P 500 2x Inverse Daily Swap UCITS ETF (Acc) (DBPK.DE) have volatilities of 8.89% and 8.83%, 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 | DBPK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.89% | 8.83% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 26.96% | 21.00% | +5.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.22% | 26.58% | +5.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.39% | 35.45% | -1.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.22% | 34.85% | +1.37% |
LYQL.DE vs. DBPK.DE - Expense Ratio Comparison
LYQL.DE has a 0.60% expense ratio, which is lower than DBPK.DE's 0.70% expense ratio.
Dividends
LYQL.DE vs. DBPK.DE - Dividend Comparison
Neither LYQL.DE nor DBPK.DE has paid dividends to shareholders.
Frequently Asked Questions
LYQL.DE and DBPK.DE have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LYQL.DE is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LYQL.DE is cheaper with a 0.60% expense ratio, compared with 0.70% for DBPK.DE.
LYQL.DE tracks ShortDAX Leverage (2x) Index, while DBPK.DE tracks S&P 500 Short Leverage (-2x) Index. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.60% for LYQL.DE and 0.70% for DBPK.DE.
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