DXSP.DE vs. DXSN.DE
DXSP.DE (Xtrackers Euro Stoxx 50 Short Daily Swap UCITS ETF (Acc)) and DXSN.DE (Xtrackers ShortDAX Daily Swap UCITS ETF (Acc)) are both Inverse Equities funds from Xtrackers - DXSP.DE tracks the EURO STOXX 50 Short Index while DXSN.DE tracks the ShortDAX Index. Both are passively managed. Over the past 10 years, DXSP.DE returned -12.36%/yr vs -11.19%/yr for DXSN.DE. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.40% expense ratio.
Performance
DXSP.DE vs. DXSN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DXSP.DE achieves a -10.98% return, which is significantly lower than DXSN.DE's -4.46% return. Over the past 10 years, DXSP.DE has underperformed DXSN.DE with an annualized return of -12.36%, while DXSN.DE has yielded a comparatively higher -11.19% annualized return.
DXSP.DE
- 1D
- -0.78%
- 1M
- -5.37%
- 6M
- -10.19%
- YTD
- -10.98%
- 1Y
- -17.31%
- 3Y*
- -11.17%
- 5Y*
- -10.52%
- 10Y*
- -12.36%
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%
DXSP.DE vs. DXSN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DXSP.DE Xtrackers Euro Stoxx 50 Short Daily Swap UCITS ETF (Acc) | -10.98% | -16.45% | -4.98% | -15.04% | 3.40% | -21.77% | -8.52% | -25.52% | 9.97% | -11.86% |
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 DXSP.DE and DXSN.DE is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2007 | 0.94 |
The correlation between DXSP.DE and DXSN.DE has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.
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Return for Risk
DXSP.DE vs. DXSN.DE — Risk / Return Rank
DXSP.DE
DXSN.DE
DXSP.DE vs. DXSN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Euro Stoxx 50 Short Daily Swap UCITS ETF (Acc) (DXSP.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.
| DXSP.DE | DXSN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.96 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | -0.40 | -0.46 |
| Martin ratioReturn relative to average drawdown | -1.64 | -0.92 | -0.72 |
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Drawdowns
DXSP.DE vs. DXSN.DE - Drawdown Comparison
The maximum DXSP.DE drawdown since its inception was -91.81%, roughly equal to the maximum DXSN.DE drawdown of -92.04%. Use the drawdown chart below to compare losses from any high point for DXSP.DE and DXSN.DE.
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Drawdown Indicators
| DXSP.DE | DXSN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.81% | -92.04% | +0.23% |
Max Drawdown (1Y)Largest decline over 1 year | -20.03% | -13.39% | -6.64% |
Max Drawdown (3Y)Largest decline over 3 years | -36.76% | -37.00% | +0.24% |
Max Drawdown (5Y)Largest decline over 5 years | -48.59% | -46.93% | -1.66% |
Max Drawdown (10Y)Largest decline over 10 years | -73.71% | -69.91% | -3.80% |
Current DrawdownCurrent decline from peak | -91.81% | -92.04% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -65.04% | -67.57% | +2.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.51% | 5.80% | +4.71% |
Volatility
DXSP.DE vs. DXSN.DE - Volatility Comparison
The current volatility for Xtrackers Euro Stoxx 50 Short Daily Swap UCITS ETF (Acc) (DXSP.DE) is 3.80%, while Xtrackers ShortDAX Daily Swap UCITS ETF (Acc) (DXSN.DE) has a volatility of 4.41%. This indicates that DXSP.DE experiences smaller price fluctuations and is considered to be less risky 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
| DXSP.DE | DXSN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.80% | 4.41% | -0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 13.48% | 13.54% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.08% | 16.23% | -0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.59% | 17.22% | +0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.96% | 18.10% | -0.14% |
DXSP.DE vs. DXSN.DE - Expense Ratio Comparison
Both DXSP.DE and DXSN.DE have an expense ratio of 0.40%.
Dividends
DXSP.DE vs. DXSN.DE - Dividend Comparison
Neither DXSP.DE nor DXSN.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.90, DXSP.DE and DXSN.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.
Both ETFs have the same 0.40% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
DXSP.DE and DXSN.DE have the same expense ratio: 0.40% per year.
DXSP.DE tracks EURO STOXX 50 Short Index, while DXSN.DE tracks ShortDAX Index.
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