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ETF Leveraged short strategy
TER
0.60% p.a.
Distribution policy
Accumulating
Replication
Synthetic
Fund size
EUR 71 m
Inception Date
15 June 2009
Overview
Description
Der L&G DAX Daily 2x Short UCITS ETF bildet den ShortDAX® Leverage (2x) Index nach. Der ShortDAX® Leverage (2x) Index bildet die zweifach gehebelte inverse Wertentwicklung des DAX® Index auf täglicher Basis ab. Der DAX® Index bietet Zugang zu den 40 größten und umsatzstärksten deutschen Aktien, die im Prime Standard der Börse Frankfurt gelistet sind.
Chart
Basics
Data
| Index | ShortDAX® Leverage (2x) |
| Investment focus | Aktien, Deutschland |
| Fund size | EUR 71 m |
| Total expense ratio | 0,60% p.a. |
| Replication | Synthetic (Unfunded swap) |
| Legal structure | ETF |
| Strategy risk | Short, Leverage |
| Sustainability | Nein |
| Fund currency | EUR |
| Currency risk | Currency unhedged |
| Volatility 1 year (in EUR) | 54,22% |
| Inception/ Listing Date | 15. Juni 2009 |
| Distribution policy | Accumulating |
| Distribution frequency | - |
| Fund domicile | Irland |
| Fund Provider | Legal & General (LGIM) |
| Fund Structure | Public Limited Company |
| UCITS compliance | Yes |
| Administrator | BNY Mellon Fund Services (Ireland) Designated Activity Company |
| Investment Advisor | Legal & General Investment Management Limited |
| Custodian Bank | BNY Mellon Trust Company (Ireland) Limited |
| Revision Company | Ernst & Young |
| Fiscal Year End | 30. Juni |
| Swiss representative | State Street Bank International GmbH, Munich, Zurich Branch |
| Swiss paying agent | NO |
| Germany | Steuertransparent |
| Switzerland | Kein ESTV Reporting |
| Austria | Nicht-Meldefonds |
| UK | UK Reporting |
| Indextype | Total return index |
| Swap counterparty | Merrill Lynch International |
| Collateral manager | BNY Mellon Fund Services (Ireland) Limited |
| Securities lending | No |
| Securities lending counterparty |
Similar ETFs
This section provides you with information on other ETFs with a similar investment focus to the L&G DAX Daily 2x Short UCITS ETF.
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How do you like our ETF profile? Here you'll find our Questionnaire.
Order fees
Hier findest du Informationen zu verschiedenen Brokern, bei denen du ETFs handeln kannst. Wähle den gewünschten Orderbetrag aus, um die dabei anfallenden Gebühren bei den einzelnen Brokern zu vergleichen.
Order volume:
| Broker | Rating | Ordergebühr | ETF-Sparpläne | |
|---|---|---|---|---|
 | 0,99€ | 2970 | View offer* | |
 | 0,00€ | 1523 | View offer* | |
 | 0,00€ | 1617 | View offer* | |
 | 9,95€ | 1555 | View offer* | |
 | 6,15€ | 1176 | View offer* |
Source: justETF Research; As of 12/2025; *Affiliate link
— The offers are sorted in the following way: 1. Rating 2. Order fee 3. Number of ETF savings plans.
— No guarantee can be given for the completeness and correctness of the information listed. The information provided by the online brokers is decisive. In addition to the indicated broker fees, additional costs (e.g. spreads, gratuities and product costs) may apply.
— The offers are sorted in the following way: 1. Rating 2. Order fee 3. Number of ETF savings plans.
— No guarantee can be given for the completeness and correctness of the information listed. The information provided by the online brokers is decisive. In addition to the indicated broker fees, additional costs (e.g. spreads, gratuities and product costs) may apply.
Performance
Returns overview
| YTD | +27.12% |
| 1 month | -35.06% |
| 3 months | +33.53% |
| 6 months | +16.28% |
| 1 year | +2.04% |
| 3 years | -16.36% |
| 5 years | -40.71% |
| Since inception (MAX) | - |
| 2024 | -41.68% |
| 2023 | +35.49% |
| 2022 | -25.83% |
| 2021 | -25.25% |
Monthly returns in a heat map
Risk
Risk metrics in this section:
- Volatility, annualised, measured for 1, 3 and 5 year periods. The annualised volatility reflects the degree of price fluctuations during a one year period. The higher the volatility, the more significantly the price of the asset (stock, ETF, etc.) has changed in the past. Assets with higher volatility are generally considered more risky. We calculate the volatility based on the data for the past 1, 3 and 5 years so that you can see if price fluctuations for the ETF became stronger or weaker over time.
- Return per risk for 1, 3 and 5 year periods. This is the annualised (i.e. converted to a one year period) past return divided by the past annualised volatility. The metric puts the historical return of an asset in relation to its historical risk and gives you a retrospective indication of the degree of price fluctuation you had to bear with in order to obtain the return. We calculate this parameter for 1, 3 and 5 year periods to display its evolution over time.
- Maximum drawdown for a period. This shows the worst possible loss an investor could have suffered during the respective period, by first buying and subsequently selling the asset at the least favourable prices. For example, if there was the following sequence of daily ETF prices: 10€, 5€, 12€, 20€, an investor would have suffered the worst loss by buying for 10€ and subsequently selling for 5€. Therefore in this case the maximum drawdown would be (5€ - 10€)/10€ = -50%.
Risk overview
| Volatility 1 year | 54.22% |
| Volatility 3 years | 38.42% |
| Volatility 5 years | 39.88% |
| Return per risk 1 year | 0.04 |
| Return per risk 3 years | -0.15 |
| Return per risk 5 years | -0.25 |
| Maximum drawdown 1 year | - |
| Maximum drawdown 3 years | - |
| Maximum drawdown 5 years | - |
| Maximum drawdown since inception | - |
Rolling 1 year volatility
Stock exchange
Listings
| Listing | Trade Currency | Ticker | Bloomberg / iNAV Bloomberg Code | Reuters RIC / iNAV Reuters | Market Maker |
|---|---|---|---|---|---|
| Stuttgart Stock Exchange | EUR | DES2 | - - | - - | - |
| XETRA | EUR | DES2 | INDS2 | .INDS2 | Susquehanna International Securities Limited |
Further information
Further ETFs with similar investment focus
| Fund name | Fund Size in m € (AuM) | TER p.a. | Distribution | Replication |
|---|---|---|---|---|
| Amundi LevDax Daily (2x) leveraged UCITS ETF Acc | 189 | 0.35% p.a. | Accumulating | Swap-based |
| Xtrackers ShortDAX Daily Swap UCITS ETF 1C | 168 | 0.40% p.a. | Accumulating | Swap-based |
| Xtrackers ShortDAX x2 Daily Swap UCITS ETF 1C | 71 | 0.60% p.a. | Accumulating | Swap-based |
| Xtrackers LevDAX Daily Swap UCITS ETF 1C | 60 | 0.35% p.a. | Accumulating | Swap-based |
| L&G DAX Daily 2x Long UCITS ETF | 35 | 0.40% p.a. | Accumulating | Swap-based |
Latest articles
Frequently asked questions
What is the name of DES2?
The name of DES2 is L&G DAX Daily 2x Short UCITS ETF.
What is the ticker of L&G DAX Daily 2x Short UCITS ETF?
The primary ticker of L&G DAX Daily 2x Short UCITS ETF is DES2.
What is the ISIN of L&G DAX Daily 2x Short UCITS ETF?
The ISIN of L&G DAX Daily 2x Short UCITS ETF is DE000A0X9AA8.
What are the costs of L&G DAX Daily 2x Short UCITS ETF?
The total expense ratio (TER) of L&G DAX Daily 2x Short UCITS ETF amounts to 0,60% p.a.. These costs are withdrawn continuously from the fund assets and already included in the performance of the ETF. You don't have to pay them separately. Please have a look at our article for more information about the cost of ETFs.
Is L&G DAX Daily 2x Short UCITS ETF paying dividends?
L&G DAX Daily 2x Short UCITS ETF is an accumulating ETF. This means that dividends are not distributed to investors. Instead, dividends are reinvested in the fund on the ex-date, which leads to an increase of the ETF's share price.
What's the fund size of L&G DAX Daily 2x Short UCITS ETF?
The fund size of L&G DAX Daily 2x Short UCITS ETF is 71m Euro. See the following article for more information about the size of ETFs.
— Data provided by Trackinsight, etfinfo, Xignite Inc., gettex, FactSet and justETF GmbH. Quotes are either real-time (gettex) or 15 minutes delayed stock exchange quotes or NAVs (daily published by the fund provider). By default, ETF returns include dividend payments (if applicable). There is no warranty for completeness, accuracy and correctness for the displayed information.