DBPK.DE vs. DXS3.DE
DBPK.DE (Xtrackers S&P 500 2x Inverse Daily Swap UCITS ETF (Acc)) and DXS3.DE (Xtrackers S&P 500 Inverse Daily Swap UCITS ETF (Acc)) are both Inverse Equities funds from Xtrackers - DBPK.DE tracks the S&P 500 Short Leverage (-2x) Index while DXS3.DE tracks the S&P 500 Short Index. Both are passively managed. Over the past 10 years, DBPK.DE returned -27.15%/yr vs -12.32%/yr for DXS3.DE. With a 0.95 correlation, they move nearly in lockstep. DBPK.DE charges 0.70%/yr vs 0.50%/yr for DXS3.DE.
Performance
DBPK.DE vs. DXS3.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DBPK.DE achieves a -11.09% return, which is significantly lower than DXS3.DE's -2.95% return. Over the past 10 years, DBPK.DE has underperformed DXS3.DE with an annualized return of -27.15%, while DXS3.DE has yielded a comparatively higher -12.32% annualized return.
DBPK.DE
- 1D
- -0.07%
- 1M
- 3.67%
- 6M
- -12.79%
- YTD
- -11.09%
- 1Y
- -23.56%
- 3Y*
- -26.50%
- 5Y*
- -19.09%
- 10Y*
- -27.15%
DXS3.DE
- 1D
- 0.00%
- 1M
- 2.92%
- 6M
- -3.90%
- YTD
- -2.95%
- 1Y
- -8.70%
- 3Y*
- -11.94%
- 5Y*
- -6.72%
- 10Y*
- -12.32%
DBPK.DE vs. DXS3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBPK.DE Xtrackers S&P 500 2x Inverse Daily Swap UCITS ETF (Acc) | -11.09% | -34.12% | -24.20% | -33.54% | 42.87% | -39.02% | -53.09% | -40.00% | 12.72% | -40.55% |
DXS3.DE Xtrackers S&P 500 Inverse Daily Swap UCITS ETF (Acc) | -2.95% | -20.25% | -7.55% | -17.29% | 27.96% | -17.91% | -30.56% | -19.86% | 11.68% | -27.38% |
Correlation
The correlation between DBPK.DE and DXS3.DE is 0.97 - 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 | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2010 | 0.95 |
The correlation between DBPK.DE and DXS3.DE has been stable across timeframes, ranging from 0.95 to 0.98 - a consistent structural relationship.
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Return for Risk
DBPK.DE vs. DXS3.DE — Risk / Return Rank
DBPK.DE
DXS3.DE
DBPK.DE vs. DXS3.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P 500 2x Inverse Daily Swap UCITS ETF (Acc) (DBPK.DE) and Xtrackers S&P 500 Inverse Daily Swap UCITS ETF (Acc) (DXS3.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.
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.
| DBPK.DE | DXS3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 0.92 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | -0.52 | -0.26 |
| Martin ratioReturn relative to average drawdown | -1.42 | -1.00 | -0.42 |
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Drawdowns
DBPK.DE vs. DXS3.DE - Drawdown Comparison
The maximum DBPK.DE drawdown since its inception was -99.58%, which is greater than DXS3.DE's maximum drawdown of -93.76%. Use the drawdown chart below to compare losses from any high point for DBPK.DE and DXS3.DE.
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Drawdown Indicators
| DBPK.DE | DXS3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.58% | -93.76% | -5.82% |
Max Drawdown (1Y)Largest decline over 1 year | -30.27% | -16.67% | -13.60% |
Max Drawdown (3Y)Largest decline over 3 years | -69.12% | -42.14% | -26.98% |
Max Drawdown (5Y)Largest decline over 5 years | -77.98% | -51.28% | -26.70% |
Max Drawdown (10Y)Largest decline over 10 years | -95.99% | -74.13% | -21.86% |
Current DrawdownCurrent decline from peak | -99.56% | -93.52% | -6.04% |
Average DrawdownAverage peak-to-trough decline | -86.93% | -73.65% | -13.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.61% | 8.69% | +7.92% |
Volatility
DBPK.DE vs. DXS3.DE - Volatility Comparison
Xtrackers S&P 500 2x Inverse Daily Swap UCITS ETF (Acc) (DBPK.DE) has a higher volatility of 8.83% compared to Xtrackers S&P 500 Inverse Daily Swap UCITS ETF (Acc) (DXS3.DE) at 4.92%. This indicates that DBPK.DE's price experiences larger fluctuations and is considered to be riskier than DXS3.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBPK.DE | DXS3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.83% | 4.92% | +3.91% |
Volatility (6M)Calculated over the trailing 6-month period | 21.00% | 12.21% | +8.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.58% | 15.19% | +11.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.45% | 19.99% | +15.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.85% | 19.20% | +15.65% |
DBPK.DE vs. DXS3.DE - Expense Ratio Comparison
DBPK.DE has a 0.70% expense ratio, which is higher than DXS3.DE's 0.50% expense ratio.
Dividends
DBPK.DE vs. DXS3.DE - Dividend Comparison
Neither DBPK.DE nor DXS3.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.97, DBPK.DE and DXS3.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, DXS3.DE is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DXS3.DE is cheaper with a 0.50% expense ratio, compared with 0.70% for DBPK.DE.
DBPK.DE tracks S&P 500 Short Leverage (-2x) Index, while DXS3.DE tracks S&P 500 Short Index. Their fees differ too: 0.70% for DBPK.DE and 0.50% for DXS3.DE.
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