L&G DAX Daily 2x Short UCITS ETF

ISIN DE000A0X9AA8

 | 

Ticker DES2

TER
0.60% p.a.
Distribution policy
Accumulating
Replication
Swap-based
Fund size
63 m
  • This fund has been liquidated or merged. Consequently, no fund information is updated anymore. For more information about the fund, please contact the fund provider.
 

Overview

Description

The L&G DAX Daily 2x Short UCITS ETF seeks to track the ShortDAX® Leverage (2x) index. The ShortDAX® Leverage (2x) index tracks the two times leveraged inverse performance of the DAX® index on a daily basis. The DAX® index tracks the 40 largest and most traded German stocks listed on the Prime Standard segment of the Frankfurt Stock Exchange.
 
The ETF's TER (total expense ratio) amounts to 0.60% p.a.. The ETF replicates the performance of the underlying index synthetically with a swap. The dividends in the ETF are accumulated and reinvested in the ETF.
 
The L&G DAX Daily 2x Short UCITS ETF is a small ETF with 63m GBP assets under management. The ETF was launched on 15 June 2009 and is domiciled in Ireland.
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Leveraged short strategy

Chart

Basics

Data

Fund size
GBP 63 m
Total expense ratio
0.60% p.a.
Replication Synthetic (Unfunded swap)
Legal structure ETF
Strategy risk Short, Leverage
Fund currency EUR
Currency risk Currency unhedged
Volatility 1 year (in GBP)
57.74%
Inception/ Listing Date 15 June 2009
Distribution policy Accumulating
Distribution frequency -
Fund domicile Ireland
Fund Provider Legal & General (LGIM)
Germany Tax transparent
Switzerland No ESTV Reporting
Austria Tax Reporting Fund
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 new ETF profile? Here you'll find our Questionnaire.

Performance

Returns overview

YTD +29.47%
1 month -37.94%
3 months +36.24%
6 months +17.77%
1 year +2.36%
3 years -13.30%
5 years -28.39%
Since inception (MAX) -
2023 -44.38%
2022 +36.78%
2021 -23.21%
2020 -12.82%

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%.
ETF returns include dividend payments (if applicable).
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Risk overview

Volatility 1 year 57.74%
Volatility 3 years 40.61%
Volatility 5 years 43.21%
Return per risk 1 year 0.04
Return per risk 3 years -0.11
Return per risk 5 years -0.15
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
in % p.a.
Distribution policy Replication method
Xtrackers ShortDAX Daily Swap UCITS ETF 1C 214 0.40% p.a. Accumulating Swap-based
Xtrackers ShortDAX x2 Daily Swap UCITS ETF 1C 130 0.60% p.a. Accumulating Swap-based
Xtrackers LevDAX Daily Swap UCITS ETF 1C 42 0.35% p.a. Accumulating Swap-based
L&G DAX Daily 2x Short UCITS ETF 38 0.60% p.a. Accumulating Swap-based
L&G DAX Daily 2x Long UCITS ETF 27 0.40% p.a. Accumulating Swap-based

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 63m GBP. See the following article for more information about the size of ETFs.

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— 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.