DBPD.DE vs. DXSN.DE
DBPD.DE (Xtrackers ShortDAX x2 Daily Swap UCITS ETF (Acc)) and DXSN.DE (Xtrackers ShortDAX Daily Swap UCITS ETF (Acc)) are both Inverse Equities funds from Xtrackers - DBPD.DE tracks the ShortDAX Leverage (2x) Index while DXSN.DE tracks the ShortDAX Index. Both are passively managed. Over the past 10 years, DBPD.DE returned -24.22%/yr vs -11.19%/yr for DXSN.DE. With a 0.99 correlation, they move nearly in lockstep. DBPD.DE charges 0.60%/yr vs 0.40%/yr for DXSN.DE.
Performance
DBPD.DE vs. DXSN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DBPD.DE achieves a -11.42% return, which is significantly lower than DXSN.DE's -4.46% return. Over the past 10 years, DBPD.DE has underperformed DXSN.DE with an annualized return of -24.22%, while DXSN.DE has yielded a comparatively higher -11.19% annualized return.
DBPD.DE
- 1D
- -1.45%
- 1M
- -7.46%
- 6M
- -11.30%
- YTD
- -11.42%
- 1Y
- -14.87%
- 3Y*
- -25.37%
- 5Y*
- -20.25%
- 10Y*
- -24.22%
DXSN.DE
- 1D
- -0.77%
- 1M
- -3.54%
- 6M
- -4.36%
- YTD
- -4.46%
- 1Y
- -5.37%
- 3Y*
- -11.18%
- 5Y*
- -8.40%
- 10Y*
- -11.19%
DBPD.DE vs. DXSN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBPD.DE Xtrackers ShortDAX x2 Daily Swap UCITS ETF (Acc) | -11.42% | -35.14% | -23.51% | -28.08% | 9.77% | -31.09% | -33.90% | -40.89% | 36.84% | -25.87% |
DXSN.DE Xtrackers ShortDAX Daily Swap UCITS ETF (Acc) | -4.46% | -17.17% | -10.34% | -12.80% | 7.55% | -16.40% | -14.50% | -22.67% | 17.84% | -13.51% |
Correlation
The correlation between DBPD.DE and DXSN.DE is 0.99 - 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 | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2010 | 0.99 |
The correlation between DBPD.DE and DXSN.DE has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
DBPD.DE vs. DXSN.DE — Risk / Return Rank
DBPD.DE
DXSN.DE
DBPD.DE vs. DXSN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers ShortDAX x2 Daily Swap UCITS ETF (Acc) (DBPD.DE) and Xtrackers ShortDAX Daily Swap UCITS ETF (Acc) (DXSN.DE). 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.
| DBPD.DE | DXSN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.96 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.57 | -0.40 | -0.17 |
| Martin ratioReturn relative to average drawdown | -1.28 | -0.92 | -0.35 |
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Drawdowns
DBPD.DE vs. DXSN.DE - Drawdown Comparison
The maximum DBPD.DE drawdown since its inception was -99.15%, which is greater than DXSN.DE's maximum drawdown of -92.04%. Use the drawdown chart below to compare losses from any high point for DBPD.DE and DXSN.DE.
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Drawdown Indicators
| DBPD.DE | DXSN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.15% | -92.04% | -7.11% |
Max Drawdown (1Y)Largest decline over 1 year | -26.16% | -13.39% | -12.77% |
Max Drawdown (3Y)Largest decline over 3 years | -65.57% | -37.00% | -28.57% |
Max Drawdown (5Y)Largest decline over 5 years | -76.93% | -46.93% | -30.00% |
Max Drawdown (10Y)Largest decline over 10 years | -93.94% | -69.91% | -24.03% |
Current DrawdownCurrent decline from peak | -99.15% | -92.04% | -7.11% |
Average DrawdownAverage peak-to-trough decline | -82.62% | -67.57% | -15.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.61% | 5.80% | +5.81% |
Volatility
DBPD.DE vs. DXSN.DE - Volatility Comparison
Xtrackers ShortDAX x2 Daily Swap UCITS ETF (Acc) (DBPD.DE) has a higher volatility of 8.90% compared to Xtrackers ShortDAX Daily Swap UCITS ETF (Acc) (DXSN.DE) at 4.41%. This indicates that DBPD.DE's price experiences larger fluctuations and is considered to be riskier than DXSN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBPD.DE | DXSN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.90% | 4.41% | +4.49% |
Volatility (6M)Calculated over the trailing 6-month period | 27.00% | 13.54% | +13.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.27% | 16.23% | +16.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.36% | 17.22% | +17.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.24% | 18.10% | +18.14% |
DBPD.DE vs. DXSN.DE - Expense Ratio Comparison
DBPD.DE has a 0.60% expense ratio, which is higher than DXSN.DE's 0.40% expense ratio.
Dividends
DBPD.DE vs. DXSN.DE - Dividend Comparison
Neither DBPD.DE nor DXSN.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.99, DBPD.DE and DXSN.DE 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, DXSN.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DXSN.DE is cheaper with a 0.40% expense ratio, compared with 0.60% for DBPD.DE.
DBPD.DE tracks ShortDAX Leverage (2x) Index, while DXSN.DE tracks ShortDAX Index. Their fees differ too: 0.60% for DBPD.DE and 0.40% for DXSN.DE.
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