ESEH.DE vs. DBPG.DE
ESEH.DE (BNP Paribas Easy S&P 500 UCITS ETF EUR H) and DBPG.DE (Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C) are both exchange-traded funds - ESEH.DE is a S&P 500 fund tracking the S&P 500 Composite (EUR Hedged) Net Return Index, while DBPG.DE is a Leveraged Equities fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, ESEH.DE returned 12.49%/yr vs 23.18%/yr for DBPG.DE. Their correlation of 0.94 suggests significant overlap in exposure. ESEH.DE charges 0.14%/yr vs 0.60%/yr for DBPG.DE.
Performance
ESEH.DE vs. DBPG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ESEH.DE achieves a 8.70% return, which is significantly lower than DBPG.DE's 20.25% return. Over the past 10 years, ESEH.DE has underperformed DBPG.DE with an annualized return of 12.49%, while DBPG.DE has yielded a comparatively higher 23.18% annualized return.
ESEH.DE
- 1D
- 0.16%
- 1M
- 0.03%
- 6M
- 8.65%
- YTD
- 8.70%
- 1Y
- 18.72%
- 3Y*
- 17.27%
- 5Y*
- 10.34%
- 10Y*
- 12.49%
DBPG.DE
- 1D
- 0.28%
- 1M
- 0.87%
- 6M
- 18.83%
- YTD
- 20.25%
- 1Y
- 41.09%
- 3Y*
- 32.61%
- 5Y*
- 19.50%
- 10Y*
- 23.18%
ESEH.DE vs. DBPG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ESEH.DE BNP Paribas Easy S&P 500 UCITS ETF EUR H | 8.70% | 14.79% | 22.63% | 23.30% | -21.43% | 28.68% | 16.53% | 27.67% | -93.43% | 1,643.89% |
DBPG.DE Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C | 20.25% | 13.51% | 53.27% | 44.01% | -36.17% | 78.07% | 9.47% | 68.69% | -12.04% | 25.82% |
Correlation
The correlation between ESEH.DE and DBPG.DE is 0.95 - 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2015 | 0.94 |
The correlation between ESEH.DE and DBPG.DE has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
ESEH.DE vs. DBPG.DE — Risk / Return Rank
ESEH.DE
DBPG.DE
ESEH.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 EUR H (ESEH.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.
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.
| ESEH.DE | DBPG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.30 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 2.65 | -0.37 |
| Martin ratioReturn relative to average drawdown | 9.06 | 9.84 | -0.78 |
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Drawdowns
ESEH.DE vs. DBPG.DE - Drawdown Comparison
The maximum ESEH.DE drawdown since its inception was -94.54%, which is greater than DBPG.DE's maximum drawdown of -59.28%. Use the drawdown chart below to compare losses from any high point for ESEH.DE and DBPG.DE.
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Drawdown Indicators
| ESEH.DE | DBPG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.54% | -59.28% | -35.26% |
Max Drawdown (1Y)Largest decline over 1 year | -8.66% | -15.43% | +6.77% |
Max Drawdown (3Y)Largest decline over 3 years | -18.51% | -38.46% | +19.95% |
Max Drawdown (5Y)Largest decline over 5 years | -25.90% | -38.46% | +12.56% |
Max Drawdown (10Y)Largest decline over 10 years | -94.54% | -59.28% | -35.26% |
Current DrawdownCurrent decline from peak | -82.43% | -0.50% | -81.93% |
Average DrawdownAverage peak-to-trough decline | -68.20% | -12.04% | -56.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.18% | 4.16% | -1.98% |
Volatility
ESEH.DE vs. DBPG.DE - Volatility Comparison
The current volatility for BNP Paribas Easy S&P 500 UCITS ETF EUR H (ESEH.DE) is 2.73%, while Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C (DBPG.DE) has a volatility of 5.25%. This indicates that ESEH.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
| ESEH.DE | DBPG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.73% | 5.25% | -2.52% |
Volatility (6M)Calculated over the trailing 6-month period | 9.17% | 16.56% | -7.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.09% | 23.13% | -11.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.02% | 30.21% | -14.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 410.50% | 31.42% | +379.08% |
ESEH.DE vs. DBPG.DE - Expense Ratio Comparison
ESEH.DE has a 0.14% expense ratio, which is lower than DBPG.DE's 0.60% expense ratio.
Dividends
ESEH.DE vs. DBPG.DE - Dividend Comparison
Neither ESEH.DE nor DBPG.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, ESEH.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, ESEH.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESEH.DE is cheaper with a 0.14% expense ratio, compared with 0.60% for DBPG.DE.
ESEH.DE is categorized as S&P 500, while DBPG.DE is Leveraged Equities. ESEH.DE tracks S&P 500 Composite (EUR Hedged) Net Return Index, while DBPG.DE tracks S&P 500 Index. They also come from different issuers: BNP Paribas Easy and Xtrackers. Their fees differ too: 0.14% for ESEH.DE and 0.60% for DBPG.DE.
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