DBPG.DE vs. XZEW.DE

Last updated Jun 5, 2026

DBPG.DE (Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C) and XZEW.DE (Xtrackers S&P 500 Equal Weight ESG UCITS ETF 1C) are both exchange-traded funds - DBPG.DE is a Leveraged Equities fund tracking the S&P 500 Index, while XZEW.DE is a S&P 500 fund tracking the S&P 500 Equal Weight ESG. Both are passively managed. Over the past 3 years, DBPG.DE returned 34.60%/yr vs 12.65%/yr for XZEW.DE. A 0.74 correlation means they provide meaningful diversification when combined. DBPG.DE charges 0.60%/yr vs 0.17%/yr for XZEW.DE.

Performance

DBPG.DE vs. XZEW.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 Xtrackers S&P 500 Equal Weight ESG UCITS ETF 1C (XZEW.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 XZEW.DE's 10.78% 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%

XZEW.DE

• 1D: 0.38%
• 1M: 3.74%
• YTD: 10.78%
• 6M: 11.14%
• 1Y: 21.89%
• 3Y*: 12.65%
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022
DBPG.DE Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C	19.52%	13.51%	53.27%	44.01%	-7.75%
XZEW.DE Xtrackers S&P 500 Equal Weight ESG UCITS ETF 1C	10.78%	1.09%	18.02%	10.63%	-3.60%

Correlation

The correlation between DBPG.DE and XZEW.DE is 0.62, 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	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (All Time) Calculated using the full available price history since Dec 13, 2022	0.74

The correlation between DBPG.DE and XZEW.DE shifts across timeframes, from 0.62 (1 year) to 0.74 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DBPG.DE vs. XZEW.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

XZEW.DE

XZEW.DE Risk / Return Rank: 66
XZEW.DE Sharpe Ratio Rank: 59
XZEW.DE Sortino Ratio Rank: 60
XZEW.DE Omega Ratio Rank: 59
XZEW.DE Calmar Ratio Rank: 83
XZEW.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. XZEW.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 Xtrackers S&P 500 Equal Weight ESG UCITS ETF 1C (XZEW.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	XZEW.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.26	1.98	+0.28
Sortino ratio: Return per unit of downside risk	2.98	2.77	+0.21
Omega ratio: Gain probability vs. loss probability	1.39	1.35	+0.03
Calmar ratio: Return relative to maximum drawdown	3.30	4.33	-1.03
Martin ratio: Return relative to average drawdown	12.66	12.75	-0.10
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. XZEW.DE - Sharpe Ratio Comparison

The current DBPG.DE Sharpe Ratio is 2.26, which is comparable to the XZEW.DE Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of DBPG.DE and XZEW.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	XZEW.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.26	1.98	+0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	—	—
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	0.74	+0.04

Drawdowns

DBPG.DE vs. XZEW.DE - Drawdown Comparison

The maximum DBPG.DE drawdown since its inception was -59.28%, which is greater than XZEW.DE's maximum drawdown of -23.98%. Use the drawdown chart below to compare losses from any high point for DBPG.DE and XZEW.DE.

Drawdown Indicators

	DBPG.DE	XZEW.DE	Difference
Max Drawdown Largest peak-to-trough decline	-59.28%	-23.98%	-35.30%
Max Drawdown (1Y) Largest decline over 1 year	-15.43%	-5.00%	-10.43%
Max Drawdown (3Y) Largest decline over 3 years	-38.46%	-23.98%	-14.48%
Max Drawdown (5Y) Largest decline over 5 years	-38.46%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-59.28%	—	—
Current Drawdown Current decline from peak	-1.10%	0.00%	-1.10%
Average Drawdown Average peak-to-trough decline	-8.85%	-4.76%	-4.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.02%	1.70%	+2.32%

Volatility

DBPG.DE vs. XZEW.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 Xtrackers S&P 500 Equal Weight ESG UCITS ETF 1C (XZEW.DE) at 2.12%. This indicates that DBPG.DE's price experiences larger fluctuations and is considered to be riskier than XZEW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DBPG.DE	XZEW.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.65%	2.12%	+3.53%
Volatility (6M) Calculated over the trailing 6-month period	15.61%	6.92%	+8.69%
Volatility (1Y) Calculated over the trailing 1-year period	22.46%	10.93%	+11.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.11%	13.97%	+16.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.48%	13.97%	+17.51%

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

DBPG.DE has a 0.60% expense ratio, which is higher than XZEW.DE's 0.17% expense ratio.

Dividends

DBPG.DE vs. XZEW.DE - Dividend Comparison

Neither DBPG.DE nor XZEW.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

DBPG.DE and XZEW.DE have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

On fees, XZEW.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

XZEW.DE is cheaper with a 0.17% expense ratio, compared with 0.60% for DBPG.DE.

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

DBPG.DE is categorized as Leveraged Equities, while XZEW.DE is S&P 500. DBPG.DE tracks S&P 500 Index, while XZEW.DE tracks S&P 500 Equal Weight ESG. Their fees differ too: 0.60% for DBPG.DE and 0.17% for XZEW.DE.