RIEU.L vs. DEL2.L
RIEU.L (L&G MSCI Europe Select UCITS ETF - EUR Accumulating ETF) and DEL2.L (L&G DAX Daily 2x Long UCITS ETF EUR (Acc)) are both exchange-traded funds - RIEU.L is a Europe Equities fund tracking the L&G MSCI Europe Select UCITS ETF - EUR Accumulating ETF, while DEL2.L is a Leveraged Equities fund tracking the LevDAX x2 Index Gross TR EUR. Both are passively managed. Over the past 5 years, RIEU.L returned 8.33%/yr vs 12.22%/yr for DEL2.L. Their correlation of 0.87 suggests significant overlap in exposure. RIEU.L charges 0.10%/yr vs 0.40%/yr for DEL2.L.
Performance
RIEU.L vs. DEL2.L - Performance Comparison
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Returns By Period
In the year-to-date period, RIEU.L achieves a 8.55% return, which is significantly higher than DEL2.L's -1.16% return.
RIEU.L
- 1D
- -0.50%
- 1M
- 1.30%
- 6M
- 5.51%
- YTD
- 8.55%
- 1Y
- 16.21%
- 3Y*
- 12.73%
- 5Y*
- 8.33%
- 10Y*
- —
DEL2.L
- 1D
- -0.71%
- 1M
- -0.49%
- 6M
- -7.41%
- YTD
- -1.16%
- 1Y
- -1.14%
- 3Y*
- 23.36%
- 5Y*
- 12.22%
- 10Y*
- 12.72%
RIEU.L vs. DEL2.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
RIEU.L L&G MSCI Europe Select UCITS ETF - EUR Accumulating ETF | 8.55% | 15.57% | 9.47% | 15.33% | -12.34% | 24.84% | 0.23% | 10.89% |
DEL2.L L&G DAX Daily 2x Long UCITS ETF EUR (Acc) | -1.16% | 37.26% | 31.65% | 34.68% | -27.71% | 30.03% | -4.00% | 21.69% |
Correlation
The correlation between RIEU.L and DEL2.L is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2019 | 0.87 |
The correlation between RIEU.L and DEL2.L has been stable across timeframes, ranging from 0.84 to 0.88 - a consistent structural relationship.
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Return for Risk
RIEU.L vs. DEL2.L — Risk / Return Rank
RIEU.L
DEL2.L
RIEU.L vs. DEL2.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G MSCI Europe Select UCITS ETF - EUR Accumulating ETF (RIEU.L) and L&G DAX Daily 2x Long UCITS ETF EUR (Acc) (DEL2.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.
| RIEU.L | DEL2.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.35 | ||
| Sortino ratioReturn per unit of downside risk | +1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.02 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | -0.04 | +1.67 |
| Martin ratioReturn relative to average drawdown | 5.67 | -0.13 | +5.80 |
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Drawdowns
RIEU.L vs. DEL2.L - Drawdown Comparison
The maximum RIEU.L drawdown since its inception was -34.22%, smaller than the maximum DEL2.L drawdown of -64.67%. Use the drawdown chart below to compare losses from any high point for RIEU.L and DEL2.L.
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Drawdown Indicators
| RIEU.L | DEL2.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.22% | -64.67% | +30.45% |
Max Drawdown (1Y)Largest decline over 1 year | -10.20% | -26.77% | +16.57% |
Max Drawdown (3Y)Largest decline over 3 years | -16.18% | -30.23% | +14.05% |
Max Drawdown (5Y)Largest decline over 5 years | -22.82% | -49.13% | +26.31% |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.67% | — |
Current DrawdownCurrent decline from peak | -2.14% | -8.15% | +6.01% |
Average DrawdownAverage peak-to-trough decline | -5.56% | -16.34% | +10.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 8.68% | -5.76% |
Volatility
RIEU.L vs. DEL2.L - Volatility Comparison
The current volatility for L&G MSCI Europe Select UCITS ETF - EUR Accumulating ETF (RIEU.L) is 2.98%, while L&G DAX Daily 2x Long UCITS ETF EUR (Acc) (DEL2.L) has a volatility of 9.31%. This indicates that RIEU.L experiences smaller price fluctuations and is considered to be less risky than DEL2.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RIEU.L | DEL2.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.98% | 9.31% | -6.33% |
Volatility (6M)Calculated over the trailing 6-month period | 10.41% | 27.88% | -17.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.57% | 33.04% | -20.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.61% | 34.41% | -19.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.60% | 36.20% | -19.60% |
RIEU.L vs. DEL2.L - Expense Ratio Comparison
RIEU.L has a 0.10% expense ratio, which is lower than DEL2.L's 0.40% expense ratio.
Dividends
RIEU.L vs. DEL2.L - Dividend Comparison
Neither RIEU.L nor DEL2.L has paid dividends to shareholders.
Frequently Asked Questions
RIEU.L and DEL2.L have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, RIEU.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
RIEU.L is cheaper with a 0.10% expense ratio, compared with 0.40% for DEL2.L.
RIEU.L is categorized as Europe Equities, while DEL2.L is Leveraged Equities. RIEU.L tracks L&G MSCI Europe Select UCITS ETF - EUR Accumulating ETF, while DEL2.L tracks LevDAX x2 Index Gross TR EUR. Their fees differ too: 0.10% for RIEU.L and 0.40% for DEL2.L.
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