LYQL.DE vs. DXSN.DE
LYQL.DE (Amundi ShortDAX Daily (-2x) Inverse UCITS ETF (Acc)) and DXSN.DE (Xtrackers ShortDAX Daily Swap UCITS ETF (Acc)) are both Inverse Equities funds - LYQL.DE tracks the ShortDAX Leverage (2x) Index while DXSN.DE tracks the ShortDAX Index. Both are passively managed. Over the past 10 years, LYQL.DE returned -24.43%/yr vs -11.19%/yr for DXSN.DE. With a 0.99 correlation, they move nearly in lockstep. LYQL.DE charges 0.60%/yr vs 0.40%/yr for DXSN.DE.
Performance
LYQL.DE vs. DXSN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, LYQL.DE achieves a -11.31% return, which is significantly lower than DXSN.DE's -4.46% return. Over the past 10 years, LYQL.DE has underperformed DXSN.DE with an annualized return of -24.43%, while DXSN.DE has yielded a comparatively higher -11.19% 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%
DXSN.DE
- 1D
- -0.77%
- 1M
- -3.54%
- 6M
- -4.36%
- YTD
- -4.46%
- 1Y
- -5.37%
- 3Y*
- -11.18%
- 5Y*
- -8.40%
- 10Y*
- -11.19%
LYQL.DE vs. DXSN.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% |
DXSN.DE Xtrackers ShortDAX Daily Swap UCITS ETF (Acc) | -4.46% | -17.17% | -10.34% | -12.80% | 7.55% | -16.40% | -14.50% | -22.67% | 17.84% | -13.51% |
Correlation
The correlation between LYQL.DE and DXSN.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 | 0.99 |
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 | 0.99 |
The correlation between LYQL.DE and DXSN.DE has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
LYQL.DE vs. DXSN.DE — Risk / Return Rank
LYQL.DE
DXSN.DE
LYQL.DE vs. DXSN.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 Daily Swap UCITS ETF (Acc) (DXSN.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 | DXSN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.96 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | -0.40 | -0.16 |
| Martin ratioReturn relative to average drawdown | -1.26 | -0.92 | -0.34 |
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Drawdowns
LYQL.DE vs. DXSN.DE - Drawdown Comparison
The maximum LYQL.DE drawdown since its inception was -99.14%, which is greater than DXSN.DE's maximum drawdown of -92.04%. Use the drawdown chart below to compare losses from any high point for LYQL.DE and DXSN.DE.
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Drawdown Indicators
| LYQL.DE | DXSN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.14% | -92.04% | -7.10% |
Max Drawdown (1Y)Largest decline over 1 year | -26.22% | -13.39% | -12.83% |
Max Drawdown (3Y)Largest decline over 3 years | -66.11% | -37.00% | -29.11% |
Max Drawdown (5Y)Largest decline over 5 years | -77.13% | -46.93% | -30.20% |
Max Drawdown (10Y)Largest decline over 10 years | -94.10% | -69.91% | -24.19% |
Current DrawdownCurrent decline from peak | -99.14% | -92.04% | -7.10% |
Average DrawdownAverage peak-to-trough decline | -83.00% | -67.57% | -15.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.60% | 5.80% | +5.80% |
Volatility
LYQL.DE vs. DXSN.DE - Volatility Comparison
Amundi ShortDAX Daily (-2x) Inverse UCITS ETF (Acc) (LYQL.DE) has a higher volatility of 8.89% compared to Xtrackers ShortDAX Daily Swap UCITS ETF (Acc) (DXSN.DE) at 4.41%. This indicates that LYQL.DE's price experiences larger fluctuations and is considered to be riskier than DXSN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LYQL.DE | DXSN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.89% | 4.41% | +4.48% |
Volatility (6M)Calculated over the trailing 6-month period | 26.96% | 13.54% | +13.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.22% | 16.23% | +15.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.39% | 17.22% | +17.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.22% | 18.10% | +18.12% |
LYQL.DE vs. DXSN.DE - Expense Ratio Comparison
LYQL.DE has a 0.60% expense ratio, which is higher than DXSN.DE's 0.40% expense ratio.
Dividends
LYQL.DE vs. DXSN.DE - Dividend Comparison
Neither LYQL.DE nor DXSN.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 1.00, LYQL.DE and DXSN.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.
On fees, DXSN.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DXSN.DE is cheaper with a 0.40% expense ratio, compared with 0.60% for LYQL.DE.
LYQL.DE tracks ShortDAX Leverage (2x) Index, while DXSN.DE tracks ShortDAX Index. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.60% for LYQL.DE and 0.40% for DXSN.DE.
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