DBPE.DE vs. 3DAX.DE
DBPE.DE (Xtrackers LevDAX Daily Swap UCITS ETF (Acc)) and 3DAX.DE (Leverage Shares 3x Long Germany 40 ETP Securities) are both Leveraged Equities funds. DBPE.DE is passively managed, while 3DAX.DE is actively managed. Over the past 3 years, DBPE.DE returned 24.42%/yr vs 21.97%/yr for 3DAX.DE. With a 0.98 correlation, they move nearly in lockstep. DBPE.DE charges 0.35%/yr vs 0.75%/yr for 3DAX.DE.
Performance
DBPE.DE vs. 3DAX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DBPE.DE achieves a -1.40% return, which is significantly higher than 3DAX.DE's -8.10% return.
DBPE.DE
- 1D
- -0.70%
- 1M
- -1.47%
- 6M
- -7.12%
- YTD
- -1.40%
- 1Y
- -2.63%
- 3Y*
- 24.42%
- 5Y*
- 13.08%
- 10Y*
- 13.59%
3DAX.DE
- 1D
- 0.00%
- 1M
- -1.83%
- 6M
- -15.95%
- YTD
- -8.10%
- 1Y
- -15.00%
- 3Y*
- 21.97%
- 5Y*
- —
- 10Y*
- —
DBPE.DE vs. 3DAX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DBPE.DE Xtrackers LevDAX Daily Swap UCITS ETF (Acc) | -1.40% | 41.17% | 32.06% | 35.78% | 6.16% |
3DAX.DE Leverage Shares 3x Long Germany 40 ETP Securities | -8.10% | 42.11% | 35.80% | 43.45% | 10.85% |
Correlation
The correlation between DBPE.DE and 3DAX.DE is 0.98 - 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 | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2022 | 0.98 |
The correlation between DBPE.DE and 3DAX.DE has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.
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Return for Risk
DBPE.DE vs. 3DAX.DE — Risk / Return Rank
DBPE.DE
3DAX.DE
DBPE.DE vs. 3DAX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers LevDAX Daily Swap UCITS ETF (Acc) (DBPE.DE) and Leverage Shares 3x Long Germany 40 ETP Securities (3DAX.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.
| DBPE.DE | 3DAX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 0.98 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | -0.42 | +0.31 |
| Martin ratioReturn relative to average drawdown | -0.31 | -1.04 | +0.73 |
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Drawdowns
DBPE.DE vs. 3DAX.DE - Drawdown Comparison
The maximum DBPE.DE drawdown since its inception was -64.87%, which is greater than 3DAX.DE's maximum drawdown of -42.58%. Use the drawdown chart below to compare losses from any high point for DBPE.DE and 3DAX.DE.
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Drawdown Indicators
| DBPE.DE | 3DAX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.87% | -42.58% | -22.29% |
Max Drawdown (1Y)Largest decline over 1 year | -24.16% | -35.67% | +11.51% |
Max Drawdown (3Y)Largest decline over 3 years | -29.95% | -42.58% | +12.63% |
Max Drawdown (5Y)Largest decline over 5 years | -48.69% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -64.87% | — | — |
Current DrawdownCurrent decline from peak | -8.10% | -17.45% | +9.35% |
Average DrawdownAverage peak-to-trough decline | -16.46% | -9.48% | -6.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.42% | 14.64% | -6.22% |
Volatility
DBPE.DE vs. 3DAX.DE - Volatility Comparison
The current volatility for Xtrackers LevDAX Daily Swap UCITS ETF (Acc) (DBPE.DE) is 9.24%, while Leverage Shares 3x Long Germany 40 ETP Securities (3DAX.DE) has a volatility of 14.02%. This indicates that DBPE.DE experiences smaller price fluctuations and is considered to be less risky than 3DAX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBPE.DE | 3DAX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.24% | 14.02% | -4.78% |
Volatility (6M)Calculated over the trailing 6-month period | 26.93% | 40.52% | -13.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.30% | 48.44% | -16.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.29% | 46.72% | -12.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.13% | 46.72% | -10.59% |
DBPE.DE vs. 3DAX.DE - Expense Ratio Comparison
DBPE.DE has a 0.35% expense ratio, which is lower than 3DAX.DE's 0.75% expense ratio.
Dividends
DBPE.DE vs. 3DAX.DE - Dividend Comparison
Neither DBPE.DE nor 3DAX.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.98, DBPE.DE and 3DAX.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, DBPE.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DBPE.DE is cheaper with a 0.35% expense ratio, compared with 0.75% for 3DAX.DE.
They also come from different issuers: Xtrackers and Leverage Shares. Their fees differ too: 0.35% for DBPE.DE and 0.75% for 3DAX.DE.
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