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DES2 ETF · L&G DAX® Daily 2x Short UCITS ETF
Performance & flows
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -13.04% | +3.93% | -18.67% | -54.61% | -67.02% | -12.73% | -12.73% | +0.65% | |
| Flows |
Key fund info
Essentials
Enterprise
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Risk profile
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +3.93% | -18.67% | -54.61% | -67.02% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
Exposure
The DES2 ETF provides synthetic exposure. It uses derivatives to replicate the index's performance, so we do not display its exposure breakdown.
To find out more about DES2's exposure, please refer to the as provided by L&G.
Sustainability
Replication
Issuer
| AuM | ||
|---|---|---|
ISPY | L&G Cyber Security UCITS ETF | €2.23B |
AIAG | L&G Artificial Intelligence UCITS ETF | €1.43B |
LGUS | L&G US Equity UCITS ETF | €1.21B |
ROBO | L&G ROBO Global Robotics and Automation UCITS ETF | €1.14B |
ENCO | L&G Multi-Strategy Enhanced Commodities UCITS ETF | €1.12B |
Frequently asked questions about DES2
What does L&G DAX® Daily 2x Short UCITS ETF, DES2, invest in?
DES2 is a Passive ETF. This ETF provides inverse exposure (-2x) to Large Cap German Equities.
Which benchmark or index does DES2 replicate?
DES2 tracks the ShortDAX x2 Total Return Index - EUR, through a unfunded swap replication method.
What is the Total Expense ratio (TER) of DES2?
DES2 carries a total expense ratio (TER) of 0.6%, indicating the annual cost for holding the fund.
When was DES2 launched?
DES2 was introduced to the market on August 18, 2009. It trades on Ireland, among other exchanges
Who is the ETF issuer of DES2?
L&G DAX® Daily 2x Short UCITS ETF, DES2, is provided by L&G. Learn more about L&G here.
What is the current assets under management (AUM) of DES2?
DES2 oversees €24M in assets as of April 23, 2026.
How has DES2 performed lately?
Based on data from April 23, 2026, DES2 returned -13.04% over the past month, 3.93% over the last three months and 0.65% year-to-date.
What are the latest inflows or outflows for DES2?
As of April 23, 2026, DES2 recorded net flows of +€2.9M year-to-date.
Does DES2 distribute dividends?
DES2 follows a capitalizing, meaning it reinvests income within the fund.
What is the base currency of DES2?
The base currency of DES2 is EUR.
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