S5SD.L vs. XS2D.L

Last updated Jul 16, 2026

S5SD.L (UBS ETF (IE) S&P 500 ESG UCITS ETF USD A-dis) and XS2D.L (Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C) are both exchange-traded funds - S5SD.L is a S&P 500 fund tracking the S&P 500 Index, while XS2D.L is a Leveraged Equities fund tracking the S&P 500 2x Leveraged Daily Index. Both are passively managed. Over the past 5 years, S5SD.L returned 14.06%/yr vs 19.19%/yr for XS2D.L. Their correlation of 0.88 suggests significant overlap in exposure. S5SD.L charges 0.12%/yr vs 0.60%/yr for XS2D.L.

Performance

S5SD.L vs. XS2D.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in UBS ETF (IE) S&P 500 ESG UCITS ETF USD A-dis (S5SD.L) and Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C (XS2D.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

S5SD.L is traded in GBp, while XS2D.L is traded in USD. To make them comparable, the XS2D.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, S5SD.L achieves a 9.36% return, which is significantly lower than XS2D.L's 17.14% return.

S5SD.L

• 1D: -0.83%
• 1M: -1.40%
• 6M: 9.02%
• YTD: 9.36%
• 1Y: 22.68%
• 3Y*: 18.54%
• 5Y*: 14.06%
• 10Y*: —

XS2D.L

• 1D: -0.59%
• 1M: -1.25%
• 6M: 16.31%
• YTD: 17.14%
• 1Y: 37.73%
• 3Y*: 32.04%
• 5Y*: 19.19%
• 10Y*: 23.29%

*Multi-year figures are annualized to reflect compound growth (CAGR)

S5SD.L vs. XS2D.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
S5SD.L UBS ETF (IE) S&P 500 ESG UCITS ETF USD A-dis	9.36%	9.98%	26.33%	21.21%	-8.47%	33.83%	14.91%	-10.18%
XS2D.L Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C	17.14%	17.56%	48.20%	41.43%	-31.85%	64.57%	17.41%	30.12%

Correlation

The correlation between S5SD.L and XS2D.L is 0.85, 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	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (All Time) Calculated using the full available price history since Mar 25, 2019	0.88

The correlation between S5SD.L and XS2D.L has been stable across timeframes, ranging from 0.85 to 0.88 - a consistent structural relationship.

S5SD.L vs. XS2D.L - Sectors Allocation Comparison

Sectors	S5SD.L	XS2D.L
Technology	37.4%	56.8%
Financial Services	12.5%	6.0%
Communication Services	11.7%	6.6%
Healthcare	11.2%	5.7%
Industrials	9.1%	5.9%
Consumer Cyclical	5.1%	9.3%
Consumer Defensive	5.0%	0.0%
Energy	2.6%	-
Real Estate	2.2%	2.4%
Basic Materials	1.9%	2.2%
Utilities	1.4%	4.9%

Return for Risk

S5SD.L vs. XS2D.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

S5SD.L

S5SD.L Risk / Return Rank: 80
S5SD.L Sharpe Ratio Rank: 81
S5SD.L Sortino Ratio Rank: 81
S5SD.L Omega Ratio Rank: 80
S5SD.L Calmar Ratio Rank: 78
S5SD.L Martin Ratio Rank: 80

XS2D.L

XS2D.L Risk / Return Rank: 59
XS2D.L Sharpe Ratio Rank: 59
XS2D.L Sortino Ratio Rank: 61
XS2D.L Omega Ratio Rank: 55
XS2D.L Calmar Ratio Rank: 56
XS2D.L Martin Ratio Rank: 63

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

S5SD.L vs. XS2D.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) S&P 500 ESG UCITS ETF USD A-dis (S5SD.L) and Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C (XS2D.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.

	S5SD.L	XS2D.L	Difference
Sharpe ratio: Return per unit of total volatility	2.06	1.59	+0.47
Sortino ratio: Return per unit of downside risk	2.89	2.27	+0.62
Omega ratio: Gain probability vs. loss probability	1.38	1.28	+0.09
Calmar ratio: Return relative to maximum drawdown	3.24	2.38	+0.86
Martin ratio: Return relative to average drawdown	12.26	8.62	+3.63

S5SD.L vs. XS2D.L - Sharpe Ratio Comparison

The current S5SD.L Sharpe Ratio is 2.06, which is comparable to the XS2D.L Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of S5SD.L and XS2D.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

S5SD.L vs. XS2D.L - Drawdown Comparison

The maximum S5SD.L drawdown since its inception was -29.66%, smaller than the maximum XS2D.L drawdown of -54.44%. Use the drawdown chart below to compare losses from any high point for S5SD.L and XS2D.L.

Drawdown Indicators

	S5SD.L	XS2D.L	Difference
Max Drawdown Largest peak-to-trough decline	-29.66%	-54.44%	+24.78%
Max Drawdown (1Y) Largest decline over 1 year	-6.97%	-15.77%	+8.80%
Max Drawdown (3Y) Largest decline over 3 years	-21.45%	-36.46%	+15.01%
Max Drawdown (5Y) Largest decline over 5 years	-21.45%	-37.20%	+15.75%
Max Drawdown (10Y) Largest decline over 10 years	—	-54.44%	—
Current Drawdown Current decline from peak	-2.05%	-2.41%	+0.36%
Average Drawdown Average peak-to-trough decline	-5.62%	-8.12%	+2.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.85%	4.36%	-2.51%

Volatility

S5SD.L vs. XS2D.L - Volatility Comparison

The current volatility for UBS ETF (IE) S&P 500 ESG UCITS ETF USD A-dis (S5SD.L) is 3.01%, while Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C (XS2D.L) has a volatility of 5.47%. This indicates that S5SD.L experiences smaller price fluctuations and is considered to be less risky than XS2D.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	S5SD.L	XS2D.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.01%	5.47%	-2.46%
Volatility (6M) Calculated over the trailing 6-month period	7.90%	17.88%	-9.98%
Volatility (1Y) Calculated over the trailing 1-year period	10.99%	23.63%	-12.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.49%	30.26%	-15.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.11%	31.29%	-13.18%

S5SD.L vs. XS2D.L - Expense Ratio Comparison

S5SD.L has a 0.12% expense ratio, which is lower than XS2D.L's 0.60% expense ratio.

Dividends

S5SD.L vs. XS2D.L - Dividend Comparison

S5SD.L's dividend yield for the trailing twelve months is around 0.75%, while XS2D.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
S5SD.L UBS ETF (IE) S&P 500 ESG UCITS ETF USD A-dis	0.75%	0.91%	0.91%	1.16%	1.22%	0.93%	1.40%	0.42%
XS2D.L Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both S5SD.L and XS2D.L in my portfolio?

S5SD.L and XS2D.L have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, S5SD.L or XS2D.L?

On fees, S5SD.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, S5SD.L or XS2D.L?

S5SD.L is cheaper with a 0.12% expense ratio, compared with 0.60% for XS2D.L.

What is the main difference between S5SD.L and XS2D.L?

S5SD.L is categorized as S&P 500, while XS2D.L is Leveraged Equities. S5SD.L tracks S&P 500 Index, while XS2D.L tracks S&P 500 2x Leveraged Daily Index. They also come from different issuers: UBS and Xtrackers. Their fees differ too: 0.12% for S5SD.L and 0.60% for XS2D.L.