MBZ3.DE vs. DBPE.DE
MBZ3.DE (Leverage Shares 3x Long Mercedes Benz (MBG) ETP Securities) and DBPE.DE (Xtrackers LevDAX Daily Swap UCITS ETF (Acc)) are both Leveraged Equities funds - MBZ3.DE tracks the iSTOXX 3x Leveraged MBG Index while DBPE.DE tracks the LevDAX (2x) Index. Both are passively managed. Over the past 3 years, MBZ3.DE returned -47.31%/yr vs 24.42%/yr for DBPE.DE. A 0.56 correlation means they provide meaningful diversification when combined. MBZ3.DE charges 0.75%/yr vs 0.35%/yr for DBPE.DE.
Performance
MBZ3.DE vs. DBPE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MBZ3.DE achieves a -55.68% return, which is significantly lower than DBPE.DE's -1.40% return.
MBZ3.DE
- 1D
- 0.00%
- 1M
- -8.29%
- 6M
- -52.05%
- YTD
- -55.68%
- 1Y
- -41.09%
- 3Y*
- -47.31%
- 5Y*
- —
- 10Y*
- —
DBPE.DE
- 1D
- -0.70%
- 1M
- -1.47%
- 6M
- -7.12%
- YTD
- -1.40%
- 1Y
- -2.63%
- 3Y*
- 24.42%
- 5Y*
- 13.08%
- 10Y*
- 13.59%
MBZ3.DE vs. DBPE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MBZ3.DE Leverage Shares 3x Long Mercedes Benz (MBG) ETP Securities | -55.68% | 18.19% | -48.37% | -7.63% | -3.89% |
DBPE.DE Xtrackers LevDAX Daily Swap UCITS ETF (Acc) | -1.40% | 41.17% | 32.06% | 35.78% | 6.16% |
Correlation
The correlation between MBZ3.DE and DBPE.DE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2022 | 0.56 |
The correlation between MBZ3.DE and DBPE.DE has been stable across timeframes, ranging from 0.48 to 0.56 - a consistent structural relationship.
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Return for Risk
MBZ3.DE vs. DBPE.DE — Risk / Return Rank
MBZ3.DE
DBPE.DE
MBZ3.DE vs. DBPE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long Mercedes Benz (MBG) ETP Securities (MBZ3.DE) and Xtrackers LevDAX Daily Swap UCITS ETF (Acc) (DBPE.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.
| MBZ3.DE | DBPE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.01 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | -0.11 | -0.52 |
| Martin ratioReturn relative to average drawdown | -1.29 | -0.31 | -0.98 |
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Drawdowns
MBZ3.DE vs. DBPE.DE - Drawdown Comparison
The maximum MBZ3.DE drawdown since its inception was -89.44%, which is greater than DBPE.DE's maximum drawdown of -64.87%. Use the drawdown chart below to compare losses from any high point for MBZ3.DE and DBPE.DE.
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Drawdown Indicators
| MBZ3.DE | DBPE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.44% | -64.87% | -24.57% |
Max Drawdown (1Y)Largest decline over 1 year | -65.57% | -24.16% | -41.41% |
Max Drawdown (3Y)Largest decline over 3 years | -88.14% | -29.95% | -58.19% |
Max Drawdown (5Y)Largest decline over 5 years | — | -48.69% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.87% | — |
Current DrawdownCurrent decline from peak | -87.56% | -8.10% | -79.46% |
Average DrawdownAverage peak-to-trough decline | -53.37% | -16.46% | -36.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.95% | 8.42% | +23.53% |
Volatility
MBZ3.DE vs. DBPE.DE - Volatility Comparison
Leverage Shares 3x Long Mercedes Benz (MBG) ETP Securities (MBZ3.DE) has a higher volatility of 22.30% compared to Xtrackers LevDAX Daily Swap UCITS ETF (Acc) (DBPE.DE) at 9.24%. This indicates that MBZ3.DE's price experiences larger fluctuations and is considered to be riskier than DBPE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MBZ3.DE | DBPE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.30% | 9.24% | +13.06% |
Volatility (6M)Calculated over the trailing 6-month period | 58.69% | 26.93% | +31.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 77.22% | 32.30% | +44.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.60% | 34.29% | +40.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 74.60% | 36.13% | +38.47% |
MBZ3.DE vs. DBPE.DE - Expense Ratio Comparison
MBZ3.DE has a 0.75% expense ratio, which is higher than DBPE.DE's 0.35% expense ratio.
Dividends
MBZ3.DE vs. DBPE.DE - Dividend Comparison
Neither MBZ3.DE nor DBPE.DE has paid dividends to shareholders.
Frequently Asked Questions
MBZ3.DE and DBPE.DE have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DBPE.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DBPE.DE is cheaper with a 0.35% expense ratio, compared with 0.75% for MBZ3.DE.
MBZ3.DE tracks iSTOXX 3x Leveraged MBG Index, while DBPE.DE tracks LevDAX (2x) Index. They also come from different issuers: Leverage Shares and Xtrackers. Their fees differ too: 0.75% for MBZ3.DE and 0.35% for DBPE.DE.
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