SNPE vs. DGZ
SNPE (Xtrackers S&P 500 ESG ETF) and DGZ (DB Gold Short Exchange Traded Notes) are both exchange-traded funds - SNPE is a S&P 500 fund tracking the S&P 500 ESG Index, while DGZ is a Inverse Commodities fund tracking the Deutsche Bank Liquid Commodity Index - Optimum Yield Gold Excess Return (-100%). Both are passively managed. Over the past 5 years, SNPE returned 14.46%/yr vs -10.05%/yr for DGZ. At a correlation of -0.05, they often move in opposite directions. SNPE charges 0.10%/yr vs 0.75%/yr for DGZ.
Performance
SNPE vs. DGZ - Performance Comparison
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Returns By Period
In the year-to-date period, SNPE achieves a 9.73% return, which is significantly higher than DGZ's 2.71% return.
SNPE
- 1D
- -0.74%
- 1M
- 4.56%
- YTD
- 9.73%
- 6M
- 10.34%
- 1Y
- 30.35%
- 3Y*
- 21.76%
- 5Y*
- 14.46%
- 10Y*
- —
DGZ
- 1D
- 4.82%
- 1M
- 16.59%
- YTD
- 2.71%
- 6M
- 4.61%
- 1Y
- -15.32%
- 3Y*
- -16.62%
- 5Y*
- -10.05%
- 10Y*
- -8.68%
SNPE vs. DGZ - 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% |
DGZ DB Gold Short Exchange Traded Notes | 2.71% | -32.55% | -16.46% | -4.75% | 4.93% | 1.53% | -20.80% | -6.72% |
Correlation
The correlation between SNPE and DGZ is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2019 | -0.05 |
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Return for Risk
SNPE vs. DGZ — Risk / Return Rank
SNPE
DGZ
SNPE vs. DGZ - 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 Short Exchange Traded Notes (DGZ). 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 | DGZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.77 | ||
| Sortino ratioReturn per unit of downside risk | +3.43 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.01 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 3.22 | -0.40 | +3.62 |
| Martin ratioReturn relative to average drawdown | 14.89 | -0.70 | +15.60 |
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
| SNPE | DGZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.54 | -0.23 | +2.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | -0.29 | +1.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.32 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | -0.31 | +1.19 |
Drawdowns
SNPE vs. DGZ - Drawdown Comparison
The maximum SNPE drawdown since its inception was -33.37%, smaller than the maximum DGZ drawdown of -86.32%. Use the drawdown chart below to compare losses from any high point for SNPE and DGZ.
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Drawdown Indicators
| SNPE | DGZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.37% | -86.32% | +52.95% |
Max Drawdown (1Y)Largest decline over 1 year | -9.46% | -38.32% | +28.86% |
Max Drawdown (3Y)Largest decline over 3 years | -19.15% | -59.54% | +40.39% |
Max Drawdown (5Y)Largest decline over 5 years | -24.65% | -61.54% | +36.89% |
Max Drawdown (10Y)Largest decline over 10 years | — | -71.49% | — |
Current DrawdownCurrent decline from peak | -1.17% | -82.41% | +81.24% |
Average DrawdownAverage peak-to-trough decline | -4.96% | -57.74% | +52.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 21.80% | -19.76% |
Volatility
SNPE vs. DGZ - Volatility Comparison
The current volatility for Xtrackers S&P 500 ESG ETF (SNPE) is 3.30%, while DB Gold Short Exchange Traded Notes (DGZ) has a volatility of 45.00%. This indicates that SNPE experiences smaller price fluctuations and is considered to be less risky than DGZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SNPE | DGZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.30% | 45.00% | -41.70% |
Volatility (6M)Calculated over the trailing 6-month period | 9.11% | 54.96% | -45.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.03% | 66.38% | -54.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.10% | 35.24% | -18.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.67% | 27.40% | -7.73% |
SNPE vs. DGZ - Expense Ratio Comparison
SNPE has a 0.10% expense ratio, which is lower than DGZ's 0.75% expense ratio.
Dividends
SNPE vs. DGZ - Dividend Comparison
SNPE's dividend yield for the trailing twelve months is around 0.91%, while DGZ has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
DGZ DB Gold Short 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
SNPE and DGZ have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DGZ has higher volatility (45.00%) compared to SNPE (3.30%). In terms of maximum drawdown, SNPE dropped -33.37% vs DGZ's -86.32%.
On 5-year performance, SNPE leads with 14.46% vs -10.05% for DGZ. 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.
Over the 5-year period, SNPE has performed better with a 14.46% return vs -10.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SNPE is cheaper with a 0.10% expense ratio, compared with 0.75% for DGZ.
SNPE has the higher dividend yield at 0.91%, compared with 0.00% for DGZ.
SNPE is categorized as S&P 500, while DGZ is Inverse Commodities. SNPE tracks S&P 500 ESG Index, while DGZ tracks Deutsche Bank Liquid Commodity Index - Optimum Yield Gold Excess Return (-100%). Their fees differ too: 0.10% for SNPE and 0.75% for DGZ.
SNPE currently has the higher Sharpe Ratio (2.54 vs -0.23), 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.
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