SNPE vs. DGP

Last updated Jun 4, 2026

SNPE (Xtrackers S&P 500 ESG ETF) and DGP (DB Gold Double Long Exchange Traded Notes) are both exchange-traded funds - SNPE is a S&P 500 fund tracking the S&P 500 ESG Index, while DGP is a Leveraged Commodities fund tracking the Deutsche Bank Liquid Commodity Index-Optimum Yield Gold (200%). Both are passively managed. Over the past 5 years, SNPE returned 14.46%/yr vs 30.49%/yr for DGP. At a 0.09 correlation, their price movements are largely independent. SNPE charges 0.10%/yr vs 0.75%/yr for DGP.

Performance

SNPE vs. DGP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers S&P 500 ESG ETF (SNPE) and DB Gold Double Long Exchange Traded Notes (DGP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SNPE achieves a 9.73% return, which is significantly higher than DGP's 1.01% return.

SNPE

• 1D: -0.74%
• 1M: 4.56%
• YTD: 9.73%
• 6M: 10.34%
• 1Y: 30.35%
• 3Y*: 21.76%
• 5Y*: 14.46%
• 10Y*: —

DGP

• 1D: -1.70%
• 1M: -3.55%
• YTD: 1.01%
• 6M: 5.64%
• 1Y: 57.52%
• 3Y*: 57.85%
• 5Y*: 30.49%
• 10Y*: 20.46%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SNPE vs. DGP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SNPE Xtrackers S&P 500 ESG ETF	9.73%	18.56%	23.85%	27.79%	-17.67%	31.43%	19.84%	12.92%
DGP DB Gold Double Long Exchange Traded Notes	1.01%	141.40%	53.16%	16.97%	-5.54%	-11.29%	45.29%	13.06%

Correlation

The correlation between SNPE and DGP is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (5Y) Calculated over the trailing 5-year period	0.11
Correlation (All Time) Calculated using the full available price history since Jun 27, 2019	0.09

The correlation between SNPE and DGP shifts across timeframes, from 0.09 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SNPE vs. DGP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SNPE

SNPE Risk / Return Rank: 74
SNPE Sharpe Ratio Rank: 77
SNPE Sortino Ratio Rank: 78
SNPE Omega Ratio Rank: 75
SNPE Calmar Ratio Rank: 64
SNPE Martin Ratio Rank: 77

DGP

DGP Risk / Return Rank: 30
DGP Sharpe Ratio Rank: 30
DGP Sortino Ratio Rank: 29
DGP Omega Ratio Rank: 34
DGP Calmar Ratio Rank: 32
DGP Martin Ratio Rank: 28

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SNPE vs. DGP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P 500 ESG ETF (SNPE) and DB Gold Double Long Exchange Traded Notes (DGP). 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.

	SNPE	DGP	Difference
Sharpe ratio Return per unit of total volatility	2.54	1.10	+1.43
Sortino ratio Return per unit of downside risk	3.54	1.60	+1.95
Omega ratio Gain probability vs. loss probability	1.46	1.23	+0.23
Calmar ratio Return relative to maximum drawdown	3.22	1.58	+1.64
Martin ratio Return relative to average drawdown	14.89	4.05	+10.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SNPE vs. DGP - Sharpe Ratio Comparison

The current SNPE Sharpe Ratio is 2.54, which is higher than the DGP Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of SNPE and DGP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SNPE	DGP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.54	1.10	+1.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.85	0.79	+0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.88	0.28	+0.60

Drawdowns

SNPE vs. DGP - Drawdown Comparison

The maximum SNPE drawdown since its inception was -33.37%, smaller than the maximum DGP drawdown of -75.31%. Use the drawdown chart below to compare losses from any high point for SNPE and DGP.

Drawdown Indicators

	SNPE	DGP	Difference
Max Drawdown Largest peak-to-trough decline	-33.37%	-75.31%	+41.94%
Max Drawdown (1Y) Largest decline over 1 year	-9.46%	-36.58%	+27.12%
Max Drawdown (3Y) Largest decline over 3 years	-19.15%	-36.58%	+17.43%
Max Drawdown (5Y) Largest decline over 5 years	-24.65%	-51.24%	+26.59%
Max Drawdown (10Y) Largest decline over 10 years	—	-51.24%	—
Current Drawdown Current decline from peak	-1.17%	-32.78%	+31.61%
Average Drawdown Average peak-to-trough decline	-4.96%	-41.09%	+36.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	14.24%	-12.20%

Volatility

SNPE vs. DGP - Volatility Comparison

The current volatility for Xtrackers S&P 500 ESG ETF (SNPE) is 3.30%, while DB Gold Double Long Exchange Traded Notes (DGP) has a volatility of 10.48%. This indicates that SNPE experiences smaller price fluctuations and is considered to be less risky than DGP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SNPE	DGP	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.30%	10.48%	-7.18%
Volatility (6M) Calculated over the trailing 6-month period	9.11%	46.34%	-37.23%
Volatility (1Y) Calculated over the trailing 1-year period	12.03%	52.47%	-40.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.10%	38.77%	-21.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.67%	35.04%	-15.37%

SNPE vs. DGP - Expense Ratio Comparison

SNPE has a 0.10% expense ratio, which is lower than DGP's 0.75% expense ratio.

Dividends

SNPE vs. DGP - Dividend Comparison

SNPE's dividend yield for the trailing twelve months is around 0.91%, while DGP has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
DGP DB Gold Double Long Exchange Traded Notes	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SNPE Xtrackers S&P 500 ESG ETF	0.91%	1.01%	1.17%	1.32%	1.65%	1.08%	1.42%	1.20%

Frequently Asked Questions

Can I hold both SNPE and DGP in my portfolio?

SNPE and DGP have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SNPE or DGP?

DGP has higher volatility (10.48%) compared to SNPE (3.30%). In terms of maximum drawdown, SNPE dropped -33.37% vs DGP's -75.31%.

Which ETF is better, SNPE or DGP?

On 5-year performance, DGP leads with 30.49% vs 14.46% for SNPE. On fees, SNPE is cheaper at 0.10% per year. On volatility, SNPE has been the lower-risk option at 3.30%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SNPE or DGP?

Over the 5-year period, DGP has performed better with a 30.49% return vs 14.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SNPE or DGP?

SNPE is cheaper with a 0.10% expense ratio, compared with 0.75% for DGP.

Which ETF pays a higher dividend yield, SNPE or DGP?

SNPE has the higher dividend yield at 0.91%, compared with 0.00% for DGP.

What is the main difference between SNPE and DGP?

SNPE is categorized as S&P 500, while DGP is Leveraged Commodities. SNPE tracks S&P 500 ESG Index, while DGP tracks Deutsche Bank Liquid Commodity Index-Optimum Yield Gold (200%). Their fees differ too: 0.10% for SNPE and 0.75% for DGP.

Which has better risk-adjusted returns?

SNPE currently has the higher Sharpe Ratio (2.54 vs 1.10), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.