DBPG.DE vs. H4ZF.DE
DBPG.DE (Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C) and H4ZF.DE (HSBC S&P 500 UCITS ETF USD) are both exchange-traded funds - DBPG.DE is a Leveraged Equities fund tracking the S&P 500 Index, while H4ZF.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 15.80%/yr for H4ZF.DE. Their correlation of 0.92 suggests significant overlap in exposure. DBPG.DE charges 0.60%/yr vs 0.09%/yr for H4ZF.DE.
Performance
DBPG.DE vs. H4ZF.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DBPG.DE achieves a 19.52% return, which is significantly higher than H4ZF.DE's 11.35% return. Over the past 10 years, DBPG.DE has outperformed H4ZF.DE with an annualized return of 24.01%, while H4ZF.DE has yielded a comparatively lower 15.80% 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%
H4ZF.DE
- 1D
- -0.12%
- 1M
- 4.35%
- YTD
- 11.35%
- 6M
- 10.84%
- 1Y
- 25.55%
- 3Y*
- 18.88%
- 5Y*
- 14.74%
- 10Y*
- 15.80%
DBPG.DE vs. H4ZF.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% |
H4ZF.DE HSBC S&P 500 UCITS ETF USD | 11.35% | 4.74% | 32.24% | 22.66% | -14.40% | 40.68% | 7.94% | 36.99% | 0.78% | 8.65% |
Correlation
The correlation between DBPG.DE and H4ZF.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 Oct 14, 2010 | 0.92 |
The correlation between DBPG.DE and H4ZF.DE has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.
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Return for Risk
DBPG.DE vs. H4ZF.DE — Risk / Return Rank
DBPG.DE
H4ZF.DE
DBPG.DE vs. H4ZF.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 HSBC S&P 500 UCITS ETF USD (H4ZF.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 | H4ZF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.41 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.30 | 3.56 | -0.27 |
| Martin ratioReturn relative to average drawdown | 12.66 | 12.69 | -0.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DBPG.DE | H4ZF.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.26 | 2.20 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.96 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | 0.97 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 1.03 | -0.25 |
Drawdowns
DBPG.DE vs. H4ZF.DE - Drawdown Comparison
The maximum DBPG.DE drawdown since its inception was -59.28%, which is greater than H4ZF.DE's maximum drawdown of -33.82%. Use the drawdown chart below to compare losses from any high point for DBPG.DE and H4ZF.DE.
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Drawdown Indicators
| DBPG.DE | H4ZF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.28% | -33.82% | -25.46% |
Max Drawdown (1Y)Largest decline over 1 year | -15.43% | -7.16% | -8.27% |
Max Drawdown (3Y)Largest decline over 3 years | -38.46% | -23.32% | -15.14% |
Max Drawdown (5Y)Largest decline over 5 years | -38.46% | -23.32% | -15.14% |
Max Drawdown (10Y)Largest decline over 10 years | -59.28% | -33.82% | -25.46% |
Current DrawdownCurrent decline from peak | -1.10% | -0.44% | -0.66% |
Average DrawdownAverage peak-to-trough decline | -8.85% | -3.93% | -4.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.02% | 2.01% | +2.01% |
Volatility
DBPG.DE vs. H4ZF.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 HSBC S&P 500 UCITS ETF USD (H4ZF.DE) at 2.68%. This indicates that DBPG.DE's price experiences larger fluctuations and is considered to be riskier than H4ZF.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBPG.DE | H4ZF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.65% | 2.68% | +2.97% |
Volatility (6M)Calculated over the trailing 6-month period | 15.61% | 7.59% | +8.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.46% | 11.61% | +10.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.11% | 15.20% | +14.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.48% | 16.12% | +15.36% |
DBPG.DE vs. H4ZF.DE - Expense Ratio Comparison
DBPG.DE has a 0.60% expense ratio, which is higher than H4ZF.DE's 0.09% expense ratio.
Dividends
DBPG.DE vs. H4ZF.DE - Dividend Comparison
DBPG.DE has not paid dividends to shareholders, while H4ZF.DE's dividend yield for the trailing twelve months is around 0.82%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
H4ZF.DE HSBC S&P 500 UCITS ETF USD | 0.82% | 0.95% | 0.96% | 1.19% | 1.32% | 0.91% | 2.24% | 2.98% | 3.49% | 3.23% | 3.29% | 4.21% |
Frequently Asked Questions
With a correlation of 0.95, DBPG.DE and H4ZF.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, H4ZF.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H4ZF.DE is cheaper with a 0.09% expense ratio, compared with 0.60% for DBPG.DE.
DBPG.DE is categorized as Leveraged Equities, while H4ZF.DE is S&P 500. Both ETFs track S&P 500 Index. They also come from different issuers: Xtrackers and HSBC. Their fees differ too: 0.60% for DBPG.DE and 0.09% for H4ZF.DE.
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