DBPE.DE vs. DEL2.DE
DBPE.DE (Xtrackers LevDAX Daily Swap UCITS ETF (Acc)) and DEL2.DE (L&G DAX Daily 2x Long UCITS ETF) are both Leveraged Equities funds - DBPE.DE tracks the LevDAX (2x) Index while DEL2.DE tracks the LevDAX x2 Index. Both are passively managed. Over the past 10 years, DBPE.DE returned 13.59%/yr vs 12.84%/yr for DEL2.DE. With a 0.99 correlation, they move nearly in lockstep. DBPE.DE charges 0.35%/yr vs 0.40%/yr for DEL2.DE.
Performance
DBPE.DE vs. DEL2.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 DEL2.DE's -2.40% return. Over the past 10 years, DBPE.DE has outperformed DEL2.DE with an annualized return of 13.59%, while DEL2.DE has yielded a comparatively lower 12.84% annualized 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%
DEL2.DE
- 1D
- -0.64%
- 1M
- -1.62%
- 6M
- -7.98%
- YTD
- -2.40%
- 1Y
- -4.17%
- 3Y*
- 22.71%
- 5Y*
- 11.97%
- 10Y*
- 12.84%
DBPE.DE vs. DEL2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBPE.DE Xtrackers LevDAX Daily Swap UCITS ETF (Acc) | -1.40% | 41.17% | 32.06% | 35.78% | -27.99% | 30.22% | -4.84% | 53.18% | -35.14% | 23.67% |
DEL2.DE L&G DAX Daily 2x Long UCITS ETF | -2.40% | 38.93% | 30.47% | 34.91% | -28.24% | 29.94% | -5.25% | 52.22% | -35.31% | 23.94% |
Correlation
The correlation between DBPE.DE and DEL2.DE is 1.00 - 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 | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2010 | 0.99 |
The correlation between DBPE.DE and DEL2.DE has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
DBPE.DE vs. DEL2.DE — Risk / Return Rank
DBPE.DE
DEL2.DE
DBPE.DE vs. DEL2.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 L&G DAX Daily 2x Long UCITS ETF (DEL2.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 | DEL2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.01 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | -0.17 | +0.06 |
| Martin ratioReturn relative to average drawdown | -0.31 | -0.48 | +0.17 |
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Drawdowns
DBPE.DE vs. DEL2.DE - Drawdown Comparison
The maximum DBPE.DE drawdown since its inception was -64.87%, roughly equal to the maximum DEL2.DE drawdown of -65.30%. Use the drawdown chart below to compare losses from any high point for DBPE.DE and DEL2.DE.
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Drawdown Indicators
| DBPE.DE | DEL2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.87% | -65.30% | +0.43% |
Max Drawdown (1Y)Largest decline over 1 year | -24.16% | -24.33% | +0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -29.95% | -29.92% | -0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -48.69% | -48.89% | +0.20% |
Max Drawdown (10Y)Largest decline over 10 years | -64.87% | -65.30% | +0.43% |
Current DrawdownCurrent decline from peak | -8.10% | -9.05% | +0.95% |
Average DrawdownAverage peak-to-trough decline | -16.46% | -16.56% | +0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.42% | 8.69% | -0.27% |
Volatility
DBPE.DE vs. DEL2.DE - Volatility Comparison
Xtrackers LevDAX Daily Swap UCITS ETF (Acc) (DBPE.DE) and L&G DAX Daily 2x Long UCITS ETF (DEL2.DE) have volatilities of 9.24% and 9.21%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBPE.DE | DEL2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.24% | 9.21% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 26.93% | 26.86% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.30% | 32.39% | -0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.29% | 34.25% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.13% | 36.06% | +0.07% |
DBPE.DE vs. DEL2.DE - Expense Ratio Comparison
DBPE.DE has a 0.35% expense ratio, which is lower than DEL2.DE's 0.40% expense ratio.
Dividends
DBPE.DE vs. DEL2.DE - Dividend Comparison
Neither DBPE.DE nor DEL2.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 1.00, DBPE.DE and DEL2.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 0.40% for DEL2.DE.
DBPE.DE tracks LevDAX (2x) Index, while DEL2.DE tracks LevDAX x2 Index. They also come from different issuers: Xtrackers and L&G. Their fees differ too: 0.35% for DBPE.DE and 0.40% for DEL2.DE.
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