USPA.L vs. XS2D.L
USPA.L (Franklin S&P 500 Paris Aligned Climate UCITS ETF USD (Acc)) and XS2D.L (Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C) are both exchange-traded funds - USPA.L is a S&P 500 fund tracking the S&P 500 Net Zero 2050 Paris-Aligned ESG 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, USPA.L returned 12.03%/yr vs 18.22%/yr for XS2D.L. With a 0.98 correlation, they move nearly in lockstep. USPA.L charges 0.07%/yr vs 0.60%/yr for XS2D.L.
Performance
USPA.L vs. XS2D.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, USPA.L achieves a 6.42% return, which is significantly lower than XS2D.L's 14.89% return.
USPA.L
- 1D
- -0.92%
- 1M
- -0.37%
- 6M
- 6.70%
- YTD
- 6.42%
- 1Y
- 16.97%
- 3Y*
- 18.65%
- 5Y*
- 12.03%
- 10Y*
- —
XS2D.L
- 1D
- -2.38%
- 1M
- -1.51%
- 6M
- 13.05%
- YTD
- 14.89%
- 1Y
- 35.19%
- 3Y*
- 32.14%
- 5Y*
- 18.22%
- 10Y*
- 23.30%
USPA.L vs. XS2D.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
USPA.L Franklin S&P 500 Paris Aligned Climate UCITS ETF USD (Acc) | 6.42% | 15.76% | 26.74% | 30.46% | -22.10% | 32.21% | 16.58% |
XS2D.L Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C | 14.89% | 26.58% | 45.65% | 48.87% | -39.09% | 63.03% | 32.15% |
Correlation
The correlation between USPA.L and XS2D.L is 0.96 - 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 | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Jul 29, 2020 | 0.98 |
The correlation between USPA.L and XS2D.L has been stable across timeframes, ranging from 0.96 to 0.98 - 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
USPA.L vs. XS2D.L — Risk / Return Rank
USPA.L
XS2D.L
USPA.L vs. XS2D.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin S&P 500 Paris Aligned Climate UCITS ETF USD (Acc) (USPA.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.
| USPA.L | XS2D.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.25 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 2.07 | -0.47 |
| Martin ratioReturn relative to average drawdown | 6.04 | 8.15 | -2.11 |
Loading charts...
Drawdowns
USPA.L vs. XS2D.L - Drawdown Comparison
The maximum USPA.L drawdown since its inception was -27.78%, smaller than the maximum XS2D.L drawdown of -59.31%. Use the drawdown chart below to compare losses from any high point for USPA.L and XS2D.L.
Loading charts...
Drawdown Indicators
| USPA.L | XS2D.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.78% | -59.31% | +31.53% |
Max Drawdown (1Y)Largest decline over 1 year | -10.58% | -16.91% | +6.33% |
Max Drawdown (3Y)Largest decline over 3 years | -18.86% | -34.83% | +15.97% |
Max Drawdown (5Y)Largest decline over 5 years | -27.78% | -46.01% | +18.23% |
Max Drawdown (10Y)Largest decline over 10 years | — | -59.31% | — |
Current DrawdownCurrent decline from peak | -1.85% | -4.24% | +2.39% |
Average DrawdownAverage peak-to-trough decline | -5.97% | -8.93% | +2.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 4.31% | -1.51% |
Volatility
USPA.L vs. XS2D.L - Volatility Comparison
The current volatility for Franklin S&P 500 Paris Aligned Climate UCITS ETF USD (Acc) (USPA.L) is 3.49%, while Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C (XS2D.L) has a volatility of 6.00%. This indicates that USPA.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.
Loading charts...
Volatility by Period
| USPA.L | XS2D.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.49% | 6.00% | -2.51% |
Volatility (6M)Calculated over the trailing 6-month period | 9.90% | 18.61% | -8.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.31% | 24.32% | -12.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.63% | 31.90% | -15.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.48% | 32.34% | -15.86% |
USPA.L vs. XS2D.L - Expense Ratio Comparison
USPA.L has a 0.07% expense ratio, which is lower than XS2D.L's 0.60% expense ratio.
Dividends
USPA.L vs. XS2D.L - Dividend Comparison
Neither USPA.L nor XS2D.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, USPA.L and XS2D.L 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, USPA.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
USPA.L is cheaper with a 0.07% expense ratio, compared with 0.60% for XS2D.L.
USPA.L is categorized as S&P 500, while XS2D.L is Leveraged Equities. USPA.L tracks S&P 500 Net Zero 2050 Paris-Aligned ESG Index, while XS2D.L tracks S&P 500 2x Leveraged Daily Index. They also come from different issuers: Franklin and Xtrackers. Their fees differ too: 0.07% for USPA.L and 0.60% for XS2D.L.
Find the right allocation for USPA.L and XS2D.L
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