DB vs. DBOEY

Last updated Jun 4, 2026

DB (Deutsche Bank Aktiengesellschaft) and DBOEY (Deutsche Boerse AG ADR) are both stocks. Both are in the Financial Services sector — DB in Banks - Regional, DBOEY in Financial Data & Stock Exchanges. Over the past 10 years, DB returned 9.43%/yr vs 14.32%/yr for DBOEY. At a 0.40 correlation, their price movements are largely independent.

Performance

DB vs. DBOEY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Deutsche Bank Aktiengesellschaft (DB) and Deutsche Boerse AG ADR (DBOEY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DB achieves a -15.98% return, which is significantly lower than DBOEY's 8.04% return. Over the past 10 years, DB has underperformed DBOEY with an annualized return of 9.43%, while DBOEY has yielded a comparatively higher 14.32% annualized return.

DB

• 1D: -3.28%
• 1M: 7.21%
• YTD: -15.98%
• 6M: -9.95%
• 1Y: 16.46%
• 3Y*: 47.87%
• 5Y*: 19.02%
• 10Y*: 9.43%

DBOEY

• 1D: -0.82%
• 1M: -6.90%
• YTD: 8.04%
• 6M: 8.62%
• 1Y: -11.10%
• 3Y*: 18.52%
• 5Y*: 13.43%
• 10Y*: 14.32%

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

DB vs. DBOEY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DB Deutsche Bank Aktiengesellschaft	-15.98%	132.42%	29.52%	21.34%	-5.86%	14.68%	40.10%	-2.89%	-56.72%	18.96%
DBOEY Deutsche Boerse AG ADR	8.04%	15.89%	14.37%	22.36%	5.51%	-0.35%	9.85%	32.55%	4.89%	51.57%

Correlation

The correlation between DB and DBOEY is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (10Y) Calculated over the trailing 10-year period	0.27
Correlation (All Time) Calculated using the full available price history since Oct 31, 2008	0.40

Over the past year, the correlation between DB and DBOEY has dropped to 0.10 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.

Fundamentals

EPS DB : $4.47 DBOEY : $1.15
PE Ratio DB : 7.00 DBOEY : 24.20
PEG Ratio DB : 0.12 DBOEY : 1.91
PS Ratio DB : 0.93 DBOEY : 6.68
Total Revenue (TTM) DB : $53.12B DBOEY : $7.63B
Gross Profit (TTM) DB : $30.48B DBOEY : $4.14B
EBITDA (TTM) DB : $9.93B DBOEY : $3.76B

Return for Risk

DB vs. DBOEY — Risk / Return Rank

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

DB

DB Risk / Return Rank: 53
DB Sharpe Ratio Rank: 58
DB Sortino Ratio Rank: 51
DB Omega Ratio Rank: 49
DB Calmar Ratio Rank: 53
DB Martin Ratio Rank: 54

DBOEY

DBOEY Risk / Return Rank: 23
DBOEY Sharpe Ratio Rank: 20
DBOEY Sortino Ratio Rank: 18
DBOEY Omega Ratio Rank: 19
DBOEY Calmar Ratio Rank: 27
DBOEY Martin Ratio Rank: 28

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.

DB vs. DBOEY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Deutsche Bank Aktiengesellschaft (DB) and Deutsche Boerse AG ADR (DBOEY). 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.

	DB	DBOEY	Difference
Sharpe ratio Return per unit of total volatility	0.50	-0.47	+0.98
Sortino ratio Return per unit of downside risk	0.92	-0.57	+1.49
Omega ratio Gain probability vs. loss probability	1.11	0.94	+0.17
Calmar ratio Return relative to maximum drawdown	0.56	-0.40	+0.95
Martin ratio Return relative to average drawdown	1.35	-0.69	+2.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DB vs. DBOEY - Sharpe Ratio Comparison

The current DB Sharpe Ratio is 0.50, which is higher than the DBOEY Sharpe Ratio of -0.47. The chart below compares the historical Sharpe Ratios of DB and DBOEY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DB	DBOEY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.50	-0.47	+0.98
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	0.61	-0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.24	0.60	-0.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	0.33	-0.30

Drawdowns

DB vs. DBOEY - Drawdown Comparison

The maximum DB drawdown since its inception was -94.73%, which is greater than DBOEY's maximum drawdown of -56.48%. Use the drawdown chart below to compare losses from any high point for DB and DBOEY.

Drawdown Indicators

	DB	DBOEY	Difference
Max Drawdown Largest peak-to-trough decline	-94.73%	-56.48%	-38.25%
Max Drawdown (1Y) Largest decline over 1 year	-29.66%	-28.09%	-1.57%
Max Drawdown (3Y) Largest decline over 3 years	-29.66%	-28.71%	-0.95%
Max Drawdown (5Y) Largest decline over 5 years	-54.19%	-28.71%	-25.48%
Max Drawdown (10Y) Largest decline over 10 years	-71.97%	-38.66%	-33.31%
Current Drawdown Current decline from peak	-65.26%	-13.72%	-51.54%
Average Drawdown Average peak-to-trough decline	-53.67%	-12.97%	-40.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.27%	16.19%	-3.92%

Volatility

DB vs. DBOEY - Volatility Comparison

Deutsche Bank Aktiengesellschaft (DB) has a higher volatility of 10.17% compared to Deutsche Boerse AG ADR (DBOEY) at 7.55%. This indicates that DB's price experiences larger fluctuations and is considered to be riskier than DBOEY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DB	DBOEY	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.17%	7.55%	+2.62%
Volatility (6M) Calculated over the trailing 6-month period	25.04%	17.25%	+7.79%
Volatility (1Y) Calculated over the trailing 1-year period	32.76%	23.57%	+9.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.40%	22.23%	+15.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.24%	23.96%	+16.28%

Dividends

DB vs. DBOEY - Dividend Comparison

DB's dividend yield for the trailing twelve months is around 3.73%, more than DBOEY's 1.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DB Deutsche Bank Aktiengesellschaft	3.73%	1.99%	2.87%	2.40%	1.84%	0.00%	0.00%	1.58%	1.58%	1.00%	0.00%	3.11%
DBOEY Deutsche Boerse AG ADR	1.78%	1.71%	1.76%	1.93%	2.05%	1.38%	1.21%	1.27%	1.64%	3.82%	5.49%	2.63%

Financials

DB vs. DBOEY - Profitability Comparison

The chart below illustrates the profitability comparison between Deutsche Bank Aktiengesellschaft and Deutsche Boerse AG ADR over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

DB - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Deutsche Bank Aktiengesellschaft reported a gross profit of 8.15B and revenue of 15.29B. Therefore, the gross margin over that period was 53.3%.

DBOEY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Deutsche Boerse AG ADR reported a gross profit of 1.20B and revenue of 2.03B. Therefore, the gross margin over that period was 59.0%.

DB - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Deutsche Bank Aktiengesellschaft reported an operating income of 3.04B and revenue of 15.29B, resulting in an operating margin of 19.9%.

DBOEY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Deutsche Boerse AG ADR reported an operating income of 882.00M and revenue of 2.03B, resulting in an operating margin of 43.6%.

DB - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Deutsche Bank Aktiengesellschaft reported a net income of 2.12B and revenue of 15.29B, resulting in a net margin of 13.9%.

DBOEY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Deutsche Boerse AG ADR reported a net income of 585.00M and revenue of 2.03B, resulting in a net margin of 28.9%.

Frequently Asked Questions

Can I hold both DB and DBOEY in my portfolio?

DB and DBOEY have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DB or DBOEY?

DB has higher volatility (10.17%) compared to DBOEY (7.55%). In terms of maximum drawdown, DB dropped -94.73% vs DBOEY's -56.48%.

Which has better risk-adjusted returns?

DB currently has the higher Sharpe Ratio (0.50 vs -0.47), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.