QVMP.DE vs. DBPG.DE
QVMP.DE (Invesco S&P 500 QVM UCITS ETF) and DBPG.DE (Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C) are both exchange-traded funds - QVMP.DE is a S&P 500 fund tracking the S&P 500 Quality, Value & Momentum Multi-Factor, while DBPG.DE is a Leveraged Equities fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, QVMP.DE returned 16.50%/yr vs 21.51%/yr for DBPG.DE. Their correlation of 0.80 suggests significant overlap in exposure. QVMP.DE charges 0.35%/yr vs 0.60%/yr for DBPG.DE.
Performance
QVMP.DE vs. DBPG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, QVMP.DE achieves a 17.52% return, which is significantly lower than DBPG.DE's 19.52% return.
QVMP.DE
- 1D
- 0.24%
- 1M
- 4.74%
- YTD
- 17.52%
- 6M
- 17.83%
- 1Y
- 21.58%
- 3Y*
- 21.01%
- 5Y*
- 16.50%
- 10Y*
- —
DBPG.DE
- 1D
- -0.23%
- 1M
- 7.30%
- YTD
- 19.52%
- 6M
- 19.10%
- 1Y
- 50.49%
- 3Y*
- 34.60%
- 5Y*
- 21.51%
- 10Y*
- 24.01%
QVMP.DE vs. DBPG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QVMP.DE Invesco S&P 500 QVM UCITS ETF | 17.52% | 1.52% | 37.24% | 3.45% | 6.13% | 36.91% | -1.58% | 28.87% | -3.41% | 8.38% |
DBPG.DE Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C | 19.52% | 13.51% | 53.27% | 44.01% | -36.28% | 78.38% | 9.47% | 68.71% | -12.05% | 13.46% |
Correlation
The correlation between QVMP.DE and DBPG.DE is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2017 | 0.80 |
Over the past year, the correlation between QVMP.DE and DBPG.DE has dropped to 0.58 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.
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Return for Risk
QVMP.DE vs. DBPG.DE — Risk / Return Rank
QVMP.DE
DBPG.DE
QVMP.DE vs. DBPG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 QVM UCITS ETF (QVMP.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.
| QVMP.DE | DBPG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.39 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 5.40 | 3.30 | +2.10 |
| Martin ratioReturn relative to average drawdown | 13.12 | 12.66 | +0.47 |
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
| QVMP.DE | DBPG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.91 | 2.26 | -0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.02 | 0.71 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.78 | +0.04 |
Drawdowns
QVMP.DE vs. DBPG.DE - Drawdown Comparison
The maximum QVMP.DE drawdown since its inception was -34.10%, smaller than the maximum DBPG.DE drawdown of -59.28%. Use the drawdown chart below to compare losses from any high point for QVMP.DE and DBPG.DE.
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Drawdown Indicators
| QVMP.DE | DBPG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.10% | -59.28% | +25.18% |
Max Drawdown (1Y)Largest decline over 1 year | -3.81% | -15.43% | +11.62% |
Max Drawdown (3Y)Largest decline over 3 years | -19.88% | -38.46% | +18.58% |
Max Drawdown (5Y)Largest decline over 5 years | -19.88% | -38.46% | +18.58% |
Max Drawdown (10Y)Largest decline over 10 years | — | -59.28% | — |
Current DrawdownCurrent decline from peak | -0.18% | -1.10% | +0.92% |
Average DrawdownAverage peak-to-trough decline | -5.04% | -8.85% | +3.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.57% | 4.02% | -2.45% |
Volatility
QVMP.DE vs. DBPG.DE - Volatility Comparison
The current volatility for Invesco S&P 500 QVM UCITS ETF (QVMP.DE) is 2.72%, while Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C (DBPG.DE) has a volatility of 5.65%. This indicates that QVMP.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
| QVMP.DE | DBPG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.72% | 5.65% | -2.93% |
Volatility (6M)Calculated over the trailing 6-month period | 7.38% | 15.61% | -8.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.79% | 22.46% | -11.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.03% | 30.11% | -14.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.08% | 31.48% | -14.40% |
QVMP.DE vs. DBPG.DE - Expense Ratio Comparison
QVMP.DE has a 0.35% expense ratio, which is lower than DBPG.DE's 0.60% expense ratio.
Dividends
QVMP.DE vs. DBPG.DE - Dividend Comparison
QVMP.DE's dividend yield for the trailing twelve months is around 0.77%, while DBPG.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DBPG.DE Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QVMP.DE Invesco S&P 500 QVM UCITS ETF | 0.77% | 0.84% | 0.82% | 1.61% | 1.82% | 0.86% | 1.58% | 1.38% | 1.31% | 0.72% |
Frequently Asked Questions
QVMP.DE and DBPG.DE have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QVMP.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QVMP.DE is cheaper with a 0.35% expense ratio, compared with 0.60% for DBPG.DE.
QVMP.DE is categorized as S&P 500, while DBPG.DE is Leveraged Equities. QVMP.DE tracks S&P 500 Quality, Value & Momentum Multi-Factor, while DBPG.DE tracks S&P 500 Index. They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.35% for QVMP.DE and 0.60% for DBPG.DE.
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