LYQL.DE vs. DXSP.DE
LYQL.DE (Amundi ShortDAX Daily (-2x) Inverse UCITS ETF (Acc)) and DXSP.DE (Xtrackers Euro Stoxx 50 Short Daily Swap UCITS ETF (Acc)) are both Inverse Equities funds - LYQL.DE tracks the ShortDAX Leverage (2x) Index while DXSP.DE tracks the EURO STOXX 50 Short Index. Both are passively managed. Over the past 10 years, LYQL.DE returned -24.43%/yr vs -12.36%/yr for DXSP.DE. Their correlation of 0.93 suggests significant overlap in exposure. LYQL.DE charges 0.60%/yr vs 0.40%/yr for DXSP.DE.
Performance
LYQL.DE vs. DXSP.DE - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with LYQL.DE having a -11.31% return and DXSP.DE slightly higher at -10.98%. Over the past 10 years, LYQL.DE has underperformed DXSP.DE with an annualized return of -24.43%, while DXSP.DE has yielded a comparatively higher -12.36% 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%
DXSP.DE
- 1D
- -0.78%
- 1M
- -5.37%
- 6M
- -10.19%
- YTD
- -10.98%
- 1Y
- -17.31%
- 3Y*
- -11.17%
- 5Y*
- -10.52%
- 10Y*
- -12.36%
LYQL.DE vs. DXSP.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% |
DXSP.DE Xtrackers Euro Stoxx 50 Short Daily Swap UCITS ETF (Acc) | -10.98% | -16.45% | -4.98% | -15.04% | 3.40% | -21.77% | -8.52% | -25.52% | 9.97% | -11.86% |
Correlation
The correlation between LYQL.DE and DXSP.DE is 0.90, 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 | 0.90 |
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 | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2010 | 0.93 |
The correlation between LYQL.DE and DXSP.DE has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
LYQL.DE vs. DXSP.DE — Risk / Return Rank
LYQL.DE
DXSP.DE
LYQL.DE vs. DXSP.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 Euro Stoxx 50 Short Daily Swap UCITS ETF (Acc) (DXSP.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 | DXSP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +0.98 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.83 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | -0.86 | +0.30 |
| Martin ratioReturn relative to average drawdown | -1.26 | -1.64 | +0.38 |
Loading charts...
Drawdowns
LYQL.DE vs. DXSP.DE - Drawdown Comparison
The maximum LYQL.DE drawdown since its inception was -99.14%, which is greater than DXSP.DE's maximum drawdown of -91.81%. Use the drawdown chart below to compare losses from any high point for LYQL.DE and DXSP.DE.
Loading charts...
Drawdown Indicators
| LYQL.DE | DXSP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.14% | -91.81% | -7.33% |
Max Drawdown (1Y)Largest decline over 1 year | -26.22% | -20.03% | -6.19% |
Max Drawdown (3Y)Largest decline over 3 years | -66.11% | -36.76% | -29.35% |
Max Drawdown (5Y)Largest decline over 5 years | -77.13% | -48.59% | -28.54% |
Max Drawdown (10Y)Largest decline over 10 years | -94.10% | -73.71% | -20.39% |
Current DrawdownCurrent decline from peak | -99.14% | -91.81% | -7.33% |
Average DrawdownAverage peak-to-trough decline | -83.00% | -65.04% | -17.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.60% | 10.51% | +1.09% |
Volatility
LYQL.DE vs. DXSP.DE - Volatility Comparison
Amundi ShortDAX Daily (-2x) Inverse UCITS ETF (Acc) (LYQL.DE) has a higher volatility of 8.89% compared to Xtrackers Euro Stoxx 50 Short Daily Swap UCITS ETF (Acc) (DXSP.DE) at 3.80%. This indicates that LYQL.DE's price experiences larger fluctuations and is considered to be riskier than DXSP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| LYQL.DE | DXSP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.89% | 3.80% | +5.09% |
Volatility (6M)Calculated over the trailing 6-month period | 26.96% | 13.48% | +13.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.22% | 16.08% | +16.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.39% | 17.59% | +16.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.22% | 17.96% | +18.26% |
LYQL.DE vs. DXSP.DE - Expense Ratio Comparison
LYQL.DE has a 0.60% expense ratio, which is higher than DXSP.DE's 0.40% expense ratio.
Dividends
LYQL.DE vs. DXSP.DE - Dividend Comparison
Neither LYQL.DE nor DXSP.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.90, LYQL.DE and DXSP.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, DXSP.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DXSP.DE is cheaper with a 0.40% expense ratio, compared with 0.60% for LYQL.DE.
LYQL.DE tracks ShortDAX Leverage (2x) Index, while DXSP.DE tracks EURO STOXX 50 Short Index. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.60% for LYQL.DE and 0.40% for DXSP.DE.
Find the right allocation for LYQL.DE and DXSP.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer