ESAP.DE vs. DBPG.DE
ESAP.DE (BNP Paribas Easy S&P 500 UCITS ETF USD) and DBPG.DE (Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C) are both exchange-traded funds - ESAP.DE is a S&P 500 fund tracking the S&P 500 Index, while DBPG.DE is a Leveraged Equities fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, ESAP.DE returned 13.64%/yr vs 20.38%/yr for DBPG.DE. With a 0.98 correlation, they move nearly in lockstep. ESAP.DE charges 0.15%/yr vs 0.60%/yr for DBPG.DE.
Performance
ESAP.DE vs. DBPG.DE - Performance Comparison
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Different Trading Currencies
ESAP.DE is traded in USD, while DBPG.DE is traded in EUR. To make them comparable, the DBPG.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ESAP.DE achieves a 10.03% return, which is significantly lower than DBPG.DE's 18.15% return.
ESAP.DE
- 1D
- 0.01%
- 1M
- 4.49%
- YTD
- 10.03%
- 6M
- 10.96%
- 1Y
- 27.63%
- 3Y*
- 21.99%
- 5Y*
- 13.64%
- 10Y*
- —
DBPG.DE
- 1D
- -0.11%
- 1M
- 8.76%
- YTD
- 18.15%
- 6M
- 19.73%
- 1Y
- 53.68%
- 3Y*
- 38.27%
- 5Y*
- 20.38%
- 10Y*
- 24.29%
ESAP.DE vs. DBPG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ESAP.DE BNP Paribas Easy S&P 500 UCITS ETF USD | 10.03% | 17.48% | 24.85% | 26.98% | -19.18% | 29.97% | 17.65% | 4.91% |
DBPG.DE Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C | 18.15% | 28.14% | 44.51% | 48.56% | -39.79% | 64.31% | 20.16% | 9.61% |
Correlation
The correlation between ESAP.DE and DBPG.DE is 0.98 - 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 | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2019 | 0.98 |
The correlation between ESAP.DE and DBPG.DE has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
ESAP.DE vs. DBPG.DE — Risk / Return Rank
ESAP.DE
DBPG.DE
ESAP.DE vs. DBPG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy S&P 500 UCITS ETF USD (ESAP.DE) and Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C (DBPG.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.
| ESAP.DE | DBPG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.38 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.35 | 3.16 | +0.19 |
| Martin ratioReturn relative to average drawdown | 14.32 | 13.03 | +1.29 |
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
| ESAP.DE | DBPG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.34 | 2.33 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.64 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.75 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 0.73 | +0.16 |
Drawdowns
ESAP.DE vs. DBPG.DE - Drawdown Comparison
The maximum ESAP.DE drawdown since its inception was -34.23%, smaller than the maximum DBPG.DE drawdown of -59.57%. Use the drawdown chart below to compare losses from any high point for ESAP.DE and DBPG.DE.
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Drawdown Indicators
| ESAP.DE | DBPG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.23% | -59.57% | +25.34% |
Max Drawdown (1Y)Largest decline over 1 year | -8.20% | -16.90% | +8.70% |
Max Drawdown (3Y)Largest decline over 3 years | -18.69% | -35.37% | +16.68% |
Max Drawdown (5Y)Largest decline over 5 years | -24.33% | -46.14% | +21.81% |
Max Drawdown (10Y)Largest decline over 10 years | — | -59.57% | — |
Current DrawdownCurrent decline from peak | -0.56% | -1.25% | +0.69% |
Average DrawdownAverage peak-to-trough decline | -5.37% | -9.13% | +3.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 4.11% | -2.18% |
Volatility
ESAP.DE vs. DBPG.DE - Volatility Comparison
The current volatility for BNP Paribas Easy S&P 500 UCITS ETF USD (ESAP.DE) is 3.09%, while Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C (DBPG.DE) has a volatility of 5.91%. This indicates that ESAP.DE experiences smaller price fluctuations and is considered to be less risky than DBPG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESAP.DE | DBPG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.09% | 5.91% | -2.82% |
Volatility (6M)Calculated over the trailing 6-month period | 8.58% | 16.42% | -7.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.76% | 22.95% | -11.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.01% | 31.44% | -15.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.99% | 32.26% | -14.27% |
ESAP.DE vs. DBPG.DE - Expense Ratio Comparison
ESAP.DE has a 0.15% expense ratio, which is lower than DBPG.DE's 0.60% expense ratio.
Dividends
ESAP.DE vs. DBPG.DE - Dividend Comparison
Neither ESAP.DE nor DBPG.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.98, ESAP.DE and DBPG.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, ESAP.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESAP.DE is cheaper with a 0.15% expense ratio, compared with 0.60% for DBPG.DE.
ESAP.DE is categorized as S&P 500, while DBPG.DE is Leveraged Equities. Both ETFs track S&P 500 Index. They also come from different issuers: BNP Paribas and Xtrackers. Their fees differ too: 0.15% for ESAP.DE and 0.60% for DBPG.DE.
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