DBPG.DE vs. D500.DE

Last updated Jun 5, 2026

DBPG.DE (Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C) and D500.DE (Invesco S&P 500 UCITS ETF Dist) are both exchange-traded funds - DBPG.DE is a Leveraged Equities fund tracking the S&P 500 Index, while D500.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, DBPG.DE returned 24.01%/yr vs 15.85%/yr for D500.DE. With a 0.96 correlation, they move nearly in lockstep. DBPG.DE charges 0.60%/yr vs 0.05%/yr for D500.DE.

Performance

DBPG.DE vs. D500.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C (DBPG.DE) and Invesco S&P 500 UCITS ETF Dist (D500.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DBPG.DE achieves a 19.52% return, which is significantly higher than D500.DE's 11.58% return. Over the past 10 years, DBPG.DE has outperformed D500.DE with an annualized return of 24.01%, while D500.DE has yielded a comparatively lower 15.85% annualized return.

DBPG.DE

• 1D: -0.23%
• 1M: 7.30%
• YTD: 19.52%
• 6M: 19.10%
• 1Y: 50.49%
• 3Y*: 34.60%
• 5Y*: 21.51%
• 10Y*: 24.01%

D500.DE

• 1D: -0.31%
• 1M: 4.52%
• YTD: 11.58%
• 6M: 11.08%
• 1Y: 25.86%
• 3Y*: 19.34%
• 5Y*: 15.48%
• 10Y*: 15.85%

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

DBPG.DE vs. D500.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DBPG.DE Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C	19.52%	13.51%	53.27%	44.01%	-36.28%	78.38%	9.47%	68.71%	-12.05%	25.82%
D500.DE Invesco S&P 500 UCITS ETF Dist	11.58%	4.86%	32.62%	22.70%	-13.34%	43.50%	9.36%	35.52%	-0.84%	6.73%

Correlation

The correlation between DBPG.DE and D500.DE is 0.95 - 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	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Nov 4, 2015	0.96

The correlation between DBPG.DE and D500.DE has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

Return for Risk

DBPG.DE vs. D500.DE — Risk / Return Rank

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

DBPG.DE

DBPG.DE Risk / Return Rank: 67
DBPG.DE Sharpe Ratio Rank: 70
DBPG.DE Sortino Ratio Rank: 66
DBPG.DE Omega Ratio Rank: 65
DBPG.DE Calmar Ratio Rank: 67
DBPG.DE Martin Ratio Rank: 69

D500.DE

D500.DE Risk / Return Rank: 70
D500.DE Sharpe Ratio Rank: 69
D500.DE Sortino Ratio Rank: 67
D500.DE Omega Ratio Rank: 71
D500.DE Calmar Ratio Rank: 73
D500.DE Martin Ratio Rank: 70

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.

DBPG.DE vs. D500.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C (DBPG.DE) and Invesco S&P 500 UCITS ETF Dist (D500.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.

	DBPG.DE	D500.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.26	2.24	+0.03
Sortino ratio: Return per unit of downside risk	2.98	3.04	-0.07
Omega ratio: Gain probability vs. loss probability	1.39	1.42	-0.03
Calmar ratio: Return relative to maximum drawdown	3.30	3.60	-0.30
Martin ratio: Return relative to average drawdown	12.66	12.88	-0.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DBPG.DE vs. D500.DE - Sharpe Ratio Comparison

The current DBPG.DE Sharpe Ratio is 2.26, which is comparable to the D500.DE Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of DBPG.DE and D500.DE, 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

	DBPG.DE	D500.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.26	2.24	+0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	1.01	-0.30
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.76	0.98	-0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	0.88	-0.10

Drawdowns

DBPG.DE vs. D500.DE - Drawdown Comparison

The maximum DBPG.DE drawdown since its inception was -59.28%, which is greater than D500.DE's maximum drawdown of -33.57%. Use the drawdown chart below to compare losses from any high point for DBPG.DE and D500.DE.

Drawdown Indicators

	DBPG.DE	D500.DE	Difference
Max Drawdown Largest peak-to-trough decline	-59.28%	-33.57%	-25.71%
Max Drawdown (1Y) Largest decline over 1 year	-15.43%	-7.14%	-8.29%
Max Drawdown (3Y) Largest decline over 3 years	-38.46%	-23.29%	-15.17%
Max Drawdown (5Y) Largest decline over 5 years	-38.46%	-23.29%	-15.17%
Max Drawdown (10Y) Largest decline over 10 years	-59.28%	-33.57%	-25.71%
Current Drawdown Current decline from peak	-1.10%	-0.31%	-0.79%
Average Drawdown Average peak-to-trough decline	-8.85%	-4.25%	-4.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.02%	2.00%	+2.02%

Volatility

DBPG.DE vs. D500.DE - Volatility Comparison

Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C (DBPG.DE) has a higher volatility of 5.65% compared to Invesco S&P 500 UCITS ETF Dist (D500.DE) at 2.66%. This indicates that DBPG.DE's price experiences larger fluctuations and is considered to be riskier than D500.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DBPG.DE	D500.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.65%	2.66%	+2.99%
Volatility (6M) Calculated over the trailing 6-month period	15.61%	7.54%	+8.07%
Volatility (1Y) Calculated over the trailing 1-year period	22.46%	11.59%	+10.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.11%	15.17%	+14.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.48%	16.08%	+15.40%

DBPG.DE vs. D500.DE - Expense Ratio Comparison

DBPG.DE has a 0.60% expense ratio, which is higher than D500.DE's 0.05% expense ratio.

Dividends

DBPG.DE vs. D500.DE - Dividend Comparison

DBPG.DE has not paid dividends to shareholders, while D500.DE's dividend yield for the trailing twelve months is around 1.08%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
D500.DE Invesco S&P 500 UCITS ETF Dist	1.08%	1.18%	1.27%	1.54%	2.63%	2.72%	3.53%	2.34%	2.08%	1.67%	1.70%	0.29%
DBPG.DE Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DBPG.DE and D500.DE in my portfolio?

With a correlation of 0.95, DBPG.DE and D500.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.

Which ETF is better, DBPG.DE or D500.DE?

On fees, D500.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DBPG.DE or D500.DE?

D500.DE is cheaper with a 0.05% expense ratio, compared with 0.60% for DBPG.DE.

What is the main difference between DBPG.DE and D500.DE?

DBPG.DE is categorized as Leveraged Equities, while D500.DE is S&P 500. Both ETFs track S&P 500 Index. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.60% for DBPG.DE and 0.05% for D500.DE.