DBPE.DE vs. TDAX

Last updated Jul 17, 2026

DBPE.DE (Xtrackers LevDAX Daily Swap UCITS ETF (Acc)) and TDAX (TDAQ Lift ETF) are both Leveraged Equities funds. DBPE.DE is passively managed, while TDAX is actively managed. At a 0.46 correlation, their price movements are largely independent. DBPE.DE charges 0.35%/yr vs 0.98%/yr for TDAX.

Performance

DBPE.DE vs. TDAX - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers LevDAX Daily Swap UCITS ETF (Acc) (DBPE.DE) and TDAQ Lift ETF (TDAX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

DBPE.DE is traded in EUR, while TDAX is traded in USD. To make them comparable, the TDAX values have been converted to EUR using the latest available exchange rates.

Returns By Period

DBPE.DE

• 1D: -0.83%
• 1M: -0.52%
• 6M: -6.90%
• YTD: -0.71%
• 1Y: 1.06%
• 3Y*: 24.97%
• 5Y*: 13.24%
• 10Y*: 13.48%

TDAX

• 1D: -1.53%
• 1M: -2.53%
• 6M: 14.93%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DBPE.DE vs. TDAX - Yearly Performance Comparison

	2026 (YTD)
DBPE.DE Xtrackers LevDAX Daily Swap UCITS ETF (Acc)	-3.53%
TDAX TDAQ Lift ETF	14.92%

Correlation

The correlation between DBPE.DE and TDAX is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 7, 2026	0.46

Return for Risk

DBPE.DE vs. TDAX — Risk / Return Rank

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

DBPE.DE

DBPE.DE Risk / Return Rank: 11
DBPE.DE Sharpe Ratio Rank: 10
DBPE.DE Sortino Ratio Rank: 11
DBPE.DE Omega Ratio Rank: 11
DBPE.DE Calmar Ratio Rank: 10
DBPE.DE Martin Ratio Rank: 10

TDAX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

DBPE.DE vs. TDAX - 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 TDAQ Lift ETF (TDAX). 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	TDAX	Difference
Sharpe ratio: Return per unit of total volatility	0.03	—	—
Sortino ratio: Return per unit of downside risk	0.28	—	—
Omega ratio: Gain probability vs. loss probability	1.03	—	—
Calmar ratio: Return relative to maximum drawdown	0.04	—	—
Martin ratio: Return relative to average drawdown	0.13	—	—

Drawdowns

DBPE.DE vs. TDAX - Drawdown Comparison

The maximum DBPE.DE drawdown since its inception was -64.87%, which is greater than TDAX's maximum drawdown of -12.83%. Use the drawdown chart below to compare losses from any high point for DBPE.DE and TDAX.

Drawdown Indicators

	DBPE.DE	TDAX	Difference
Max Drawdown Largest peak-to-trough decline	-64.87%	-12.83%	-52.04%
Max Drawdown (1Y) Largest decline over 1 year	-24.16%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-29.95%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-48.69%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-64.87%	—	—
Current Drawdown Current decline from peak	-7.45%	-6.17%	-1.28%
Average Drawdown Average peak-to-trough decline	-16.46%	-3.73%	-12.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.40%	—	—

Volatility

Volatility by Period

	DBPE.DE	TDAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.23%	—	—
Volatility (6M) Calculated over the trailing 6-month period	27.05%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	32.30%	26.02%	+6.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.30%	26.02%	+8.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.13%	26.02%	+10.11%

DBPE.DE vs. TDAX - Expense Ratio Comparison

DBPE.DE has a 0.35% expense ratio, which is lower than TDAX's 0.98% expense ratio.

Dividends

DBPE.DE vs. TDAX - Dividend Comparison

DBPE.DE has not paid dividends to shareholders, while TDAX's dividend yield for the trailing twelve months is around 10.98%.

Position	TTM
DBPE.DE Xtrackers LevDAX Daily Swap UCITS ETF (Acc)	0.00%
TDAX TDAQ Lift ETF	10.98%

Frequently Asked Questions

Can I hold both DBPE.DE and TDAX in my portfolio?

DBPE.DE and TDAX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DBPE.DE or TDAX?

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.

Which ETF is cheaper, DBPE.DE or TDAX?

DBPE.DE is cheaper with a 0.35% expense ratio, compared with 0.98% for TDAX.

What is the main difference between DBPE.DE and TDAX?

They also come from different issuers: Xtrackers and TappAlpha. Their fees differ too: 0.35% for DBPE.DE and 0.98% for TDAX.