DBPG.DE vs. SP2Q.DE
DBPG.DE (Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C) and SP2Q.DE (Invesco S&P 500 Equal Weight UCITS ETF Acc) are both exchange-traded funds - DBPG.DE is a Leveraged Equities fund tracking the S&P 500 Index, while SP2Q.DE is a S&P 500 fund tracking the S&P 500® Equal Weight. Both are passively managed. Over the past 5 years, DBPG.DE returned 21.51%/yr vs 9.25%/yr for SP2Q.DE. Their correlation of 0.81 suggests significant overlap in exposure. DBPG.DE charges 0.60%/yr vs 0.20%/yr for SP2Q.DE.
Performance
DBPG.DE vs. SP2Q.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 SP2Q.DE's 10.37% 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%
SP2Q.DE
- 1D
- 0.28%
- 1M
- 4.03%
- YTD
- 10.37%
- 6M
- 10.31%
- 1Y
- 18.06%
- 3Y*
- 12.12%
- 5Y*
- 9.25%
- 10Y*
- —
DBPG.DE vs. SP2Q.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DBPG.DE Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C | 19.52% | 13.51% | 53.27% | 44.01% | -36.28% | 43.58% |
SP2Q.DE Invesco S&P 500 Equal Weight UCITS ETF Acc | 10.37% | -0.55% | 18.83% | 9.91% | -6.71% | 31.98% |
Correlation
The correlation between DBPG.DE and SP2Q.DE is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2021 | 0.81 |
The correlation between DBPG.DE and SP2Q.DE shifts across timeframes, from 0.65 (1 year) to 0.82 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
DBPG.DE vs. SP2Q.DE — Risk / Return Rank
DBPG.DE
SP2Q.DE
DBPG.DE vs. SP2Q.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 Equal Weight UCITS ETF Acc (SP2Q.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 | SP2Q.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.29 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.30 | 3.43 | -0.13 |
| Martin ratioReturn relative to average drawdown | 12.66 | 10.24 | +2.42 |
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 | SP2Q.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.26 | 1.64 | +0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.61 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 0.75 | +0.03 |
Drawdowns
DBPG.DE vs. SP2Q.DE - Drawdown Comparison
The maximum DBPG.DE drawdown since its inception was -59.28%, which is greater than SP2Q.DE's maximum drawdown of -22.73%. Use the drawdown chart below to compare losses from any high point for DBPG.DE and SP2Q.DE.
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Drawdown Indicators
| DBPG.DE | SP2Q.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.28% | -22.73% | -36.55% |
Max Drawdown (1Y)Largest decline over 1 year | -15.43% | -5.11% | -10.32% |
Max Drawdown (3Y)Largest decline over 3 years | -38.46% | -22.73% | -15.73% |
Max Drawdown (5Y)Largest decline over 5 years | -38.46% | -22.73% | -15.73% |
Max Drawdown (10Y)Largest decline over 10 years | -59.28% | — | — |
Current DrawdownCurrent decline from peak | -1.10% | 0.00% | -1.10% |
Average DrawdownAverage peak-to-trough decline | -8.85% | -5.22% | -3.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.02% | 1.71% | +2.31% |
Volatility
DBPG.DE vs. SP2Q.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 Equal Weight UCITS ETF Acc (SP2Q.DE) at 2.04%. This indicates that DBPG.DE's price experiences larger fluctuations and is considered to be riskier than SP2Q.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 | SP2Q.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.65% | 2.04% | +3.61% |
Volatility (6M)Calculated over the trailing 6-month period | 15.61% | 6.81% | +8.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.46% | 10.66% | +11.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.11% | 14.91% | +15.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.48% | 15.44% | +16.04% |
DBPG.DE vs. SP2Q.DE - Expense Ratio Comparison
DBPG.DE has a 0.60% expense ratio, which is higher than SP2Q.DE's 0.20% expense ratio.
Dividends
DBPG.DE vs. SP2Q.DE - Dividend Comparison
Neither DBPG.DE nor SP2Q.DE has paid dividends to shareholders.
Frequently Asked Questions
DBPG.DE and SP2Q.DE have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SP2Q.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SP2Q.DE is cheaper with a 0.20% expense ratio, compared with 0.60% for DBPG.DE.
DBPG.DE is categorized as Leveraged Equities, while SP2Q.DE is S&P 500. DBPG.DE tracks S&P 500 Index, while SP2Q.DE tracks S&P 500® Equal Weight. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.60% for DBPG.DE and 0.20% for SP2Q.DE.
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