DBPK.DE vs. DXSN.DE
DBPK.DE (Xtrackers S&P 500 2x Inverse Daily Swap UCITS ETF (Acc)) and DXSN.DE (Xtrackers ShortDAX Daily Swap UCITS ETF (Acc)) are both Inverse Equities funds from Xtrackers - DBPK.DE tracks the S&P 500 Short Leverage (-2x) Index while DXSN.DE tracks the ShortDAX Index. Both are passively managed. Over the past 10 years, DBPK.DE returned -27.15%/yr vs -11.19%/yr for DXSN.DE. A 0.69 correlation means they provide meaningful diversification when combined. DBPK.DE charges 0.70%/yr vs 0.40%/yr for DXSN.DE.
Performance
DBPK.DE vs. DXSN.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 DXSN.DE's -4.46% return. Over the past 10 years, DBPK.DE has underperformed DXSN.DE with an annualized return of -27.15%, while DXSN.DE has yielded a comparatively higher -11.19% 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%
DXSN.DE
- 1D
- -0.77%
- 1M
- -3.54%
- 6M
- -4.36%
- YTD
- -4.46%
- 1Y
- -5.37%
- 3Y*
- -11.18%
- 5Y*
- -8.40%
- 10Y*
- -11.19%
DBPK.DE vs. DXSN.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% |
DXSN.DE Xtrackers ShortDAX Daily Swap UCITS ETF (Acc) | -4.46% | -17.17% | -10.34% | -12.80% | 7.55% | -16.40% | -14.50% | -22.67% | 17.84% | -13.51% |
Correlation
The correlation between DBPK.DE and DXSN.DE is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2010 | 0.69 |
The correlation between DBPK.DE and DXSN.DE has been stable across timeframes, ranging from 0.63 to 0.70 - a consistent structural relationship.
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Return for Risk
DBPK.DE vs. DXSN.DE — Risk / Return Rank
DBPK.DE
DXSN.DE
DBPK.DE vs. DXSN.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 ShortDAX Daily Swap UCITS ETF (Acc) (DXSN.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 | DXSN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 0.96 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | -0.40 | -0.38 |
| Martin ratioReturn relative to average drawdown | -1.42 | -0.92 | -0.49 |
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Drawdowns
DBPK.DE vs. DXSN.DE - Drawdown Comparison
The maximum DBPK.DE drawdown since its inception was -99.58%, which is greater than DXSN.DE's maximum drawdown of -92.04%. Use the drawdown chart below to compare losses from any high point for DBPK.DE and DXSN.DE.
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Drawdown Indicators
| DBPK.DE | DXSN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.58% | -92.04% | -7.54% |
Max Drawdown (1Y)Largest decline over 1 year | -30.27% | -13.39% | -16.88% |
Max Drawdown (3Y)Largest decline over 3 years | -69.12% | -37.00% | -32.12% |
Max Drawdown (5Y)Largest decline over 5 years | -77.98% | -46.93% | -31.05% |
Max Drawdown (10Y)Largest decline over 10 years | -95.99% | -69.91% | -26.08% |
Current DrawdownCurrent decline from peak | -99.56% | -92.04% | -7.52% |
Average DrawdownAverage peak-to-trough decline | -86.93% | -67.57% | -19.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.61% | 5.80% | +10.81% |
Volatility
DBPK.DE vs. DXSN.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 ShortDAX Daily Swap UCITS ETF (Acc) (DXSN.DE) at 4.41%. This indicates that DBPK.DE's price experiences larger fluctuations and is considered to be riskier than DXSN.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 | DXSN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.83% | 4.41% | +4.42% |
Volatility (6M)Calculated over the trailing 6-month period | 21.00% | 13.54% | +7.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.58% | 16.23% | +10.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.45% | 17.22% | +18.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.85% | 18.10% | +16.75% |
DBPK.DE vs. DXSN.DE - Expense Ratio Comparison
DBPK.DE has a 0.70% expense ratio, which is higher than DXSN.DE's 0.40% expense ratio.
Dividends
DBPK.DE vs. DXSN.DE - Dividend Comparison
Neither DBPK.DE nor DXSN.DE has paid dividends to shareholders.
Frequently Asked Questions
DBPK.DE and DXSN.DE have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DXSN.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DXSN.DE is cheaper with a 0.40% expense ratio, compared with 0.70% for DBPK.DE.
DBPK.DE tracks S&P 500 Short Leverage (-2x) Index, while DXSN.DE tracks ShortDAX Index. Their fees differ too: 0.70% for DBPK.DE and 0.40% for DXSN.DE.
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