RENW.L vs. DS2P.L
RENW.L (L&G Clean Energy UCITS ETF USD (Acc)) and DS2P.L (L&G DAX Daily 2x Short UCITS ETF EUR (Acc)) are both exchange-traded funds - RENW.L is a Alternative Energy Equities fund tracking the Solactive Clean Energy Index NTR, while DS2P.L is a Leveraged Equities fund tracking the ShortDAX x2 Index Gross TR EUR. Both are passively managed. Over the past 5 years, RENW.L returned 5.30%/yr vs -20.52%/yr for DS2P.L. At a correlation of -0.57, they often move in opposite directions. RENW.L charges 0.49%/yr vs 0.50%/yr for DS2P.L.
Performance
RENW.L vs. DS2P.L - Performance Comparison
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Different Trading Currencies
RENW.L is traded in USD, while DS2P.L is traded in GBp. To make them comparable, the DS2P.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, RENW.L achieves a 22.11% return, which is significantly higher than DS2P.L's -11.05% return.
RENW.L
- 1D
- -1.07%
- 1M
- -10.32%
- 6M
- 13.78%
- YTD
- 22.11%
- 1Y
- 44.29%
- 3Y*
- 13.16%
- 5Y*
- 5.30%
- 10Y*
- —
DS2P.L
- 1D
- 0.35%
- 1M
- -0.61%
- 6M
- -0.58%
- YTD
- -11.05%
- 1Y
- -7.24%
- 3Y*
- -23.53%
- 5Y*
- -20.52%
- 10Y*
- -23.20%
RENW.L vs. DS2P.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
RENW.L L&G Clean Energy UCITS ETF USD (Acc) | 22.11% | 51.27% | -14.25% | -8.27% | -8.82% | -7.46% | 24.52% |
DS2P.L L&G DAX Daily 2x Short UCITS ETF EUR (Acc) | -11.05% | -24.37% | -29.54% | -26.02% | 1.59% | -36.55% | -4.49% |
Correlation
The correlation between RENW.L and DS2P.L is -0.51, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.59 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2020 | -0.57 |
The correlation between RENW.L and DS2P.L has been stable across timeframes, ranging from -0.59 to -0.51 - a consistent structural relationship.
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Return for Risk
RENW.L vs. DS2P.L — Risk / Return Rank
RENW.L
DS2P.L
RENW.L vs. DS2P.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Clean Energy UCITS ETF USD (Acc) (RENW.L) and L&G DAX Daily 2x Short UCITS ETF EUR (Acc) (DS2P.L). 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.
| RENW.L | DS2P.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.92 | ||
| Sortino ratioReturn per unit of downside risk | +2.41 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.99 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | -0.27 | +2.93 |
| Martin ratioReturn relative to average drawdown | 9.46 | -0.58 | +10.05 |
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Drawdowns
RENW.L vs. DS2P.L - Drawdown Comparison
The maximum RENW.L drawdown since its inception was -48.58%, smaller than the maximum DS2P.L drawdown of -99.69%. Use the drawdown chart below to compare losses from any high point for RENW.L and DS2P.L.
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Drawdown Indicators
| RENW.L | DS2P.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.58% | -99.69% | +51.11% |
Max Drawdown (1Y)Largest decline over 1 year | -16.56% | -26.76% | +10.20% |
Max Drawdown (3Y)Largest decline over 3 years | -32.48% | -64.94% | +32.46% |
Max Drawdown (5Y)Largest decline over 5 years | -43.77% | -76.19% | +32.42% |
Max Drawdown (10Y)Largest decline over 10 years | — | -93.34% | — |
Current DrawdownCurrent decline from peak | -16.56% | -99.67% | +83.11% |
Average DrawdownAverage peak-to-trough decline | -23.61% | -89.77% | +66.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.67% | 12.38% | -7.71% |
Volatility
RENW.L vs. DS2P.L - Volatility Comparison
L&G Clean Energy UCITS ETF USD (Acc) (RENW.L) and L&G DAX Daily 2x Short UCITS ETF EUR (Acc) (DS2P.L) have volatilities of 8.97% and 9.17%, 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
| RENW.L | DS2P.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.97% | 9.17% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 20.81% | 27.31% | -6.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.96% | 33.48% | -7.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.75% | 34.80% | -10.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.98% | 37.18% | -12.20% |
RENW.L vs. DS2P.L - Expense Ratio Comparison
RENW.L has a 0.49% expense ratio, which is lower than DS2P.L's 0.50% expense ratio.
Dividends
RENW.L vs. DS2P.L - Dividend Comparison
Neither RENW.L nor DS2P.L has paid dividends to shareholders.
Frequently Asked Questions
RENW.L and DS2P.L have a correlation of -0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, RENW.L is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
RENW.L is cheaper with a 0.49% expense ratio, compared with 0.50% for DS2P.L.
RENW.L is categorized as Alternative Energy Equities, while DS2P.L is Leveraged Equities. RENW.L tracks Solactive Clean Energy Index NTR, while DS2P.L tracks ShortDAX x2 Index Gross TR EUR. Their fees differ too: 0.49% for RENW.L and 0.50% for DS2P.L.
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