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 13.59%/yr vs -11.06%/yr for DGZ. Their -0.06 correlation means they have often moved in opposite directions in the past. SNPE charges 0.10%/yr vs 0.75%/yr for DGZ.
Performance
SNPE vs. DGZ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SNPE achieves a 10.37% return, which is significantly higher than DGZ's 1.46% return.
SNPE
- 1D
- 0.99%
- 1M
- 0.50%
- 6M
- 8.48%
- YTD
- 10.37%
- 1Y
- 24.06%
- 3Y*
- 19.27%
- 5Y*
- 13.59%
- 10Y*
- —
- ALL TIME*
- 16.84%
DGZ
- 1D
- -2.65%
- 1M
- -11.56%
- 6M
- 3.27%
- YTD
- 1.46%
- 1Y
- -15.73%
- 3Y*
- -17.39%
- 5Y*
- -11.06%
- 10Y*
- -7.90%
- ALL TIME*
- -7.69%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $27.40K | $33.87K | $42.21K | |
| $13.91M | $13.10M | $16.73M |
SNPE vs. DGZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SNPE Xtrackers S&P 500 ESG ETF | 10.37% | 18.56% | 23.85% | 27.79% | -17.67% | 31.43% | 19.84% | 12.34% |
DGZ DB Gold Short Exchange Traded Notes | 1.46% | -32.55% | -16.46% | -4.75% | 4.93% | 1.53% | -20.80% | -5.50% |
Correlation
The correlation between SNPE and DGZ is -0.13, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.13 |
Correlation (3Y) Balances recent behavior with more history. | -0.07 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.07 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2019 | -0.06 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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.
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.
| SNPE | DGZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.95 | ||
| Sortino ratioReturn per unit of downside risk | +2.29 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.02 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | -0.49 | +2.85 |
| Martin ratioReturn relative to average drawdown | 10.31 | -0.86 | +11.17 |
Loading charts...
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.
Loading charts...
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% | -36.14% | +26.68% |
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 | -0.91% | -82.62% | +81.71% |
Average DrawdownAverage peak-to-trough decline | -4.88% | -57.94% | +53.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.17% | 20.58% | -18.41% |
Volatility
SNPE vs. DGZ - Volatility Comparison
The current volatility for Xtrackers S&P 500 ESG ETF (SNPE) is 3.87%, while DB Gold Short Exchange Traded Notes (DGZ) has a volatility of 19.90%. 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.
Loading charts...
Volatility by Period
| SNPE | DGZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.87% | 19.90% | -16.03% |
Volatility (6M)Calculated over the trailing 6-month period | 10.57% | 60.03% | -49.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.16% | 71.95% | -58.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.24% | 37.59% | -20.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.59% | 28.84% | -9.25% |
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 0.95%, 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 | 0.95% | 1.01% | 1.17% | 1.32% | 1.65% | 1.08% | 1.42% | 1.20% |
Frequently Asked Questions
SNPE and DGZ have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DGZ has higher volatility (19.90%) compared to SNPE (3.87%). In terms of maximum drawdown, SNPE dropped -33.37% vs DGZ's -86.32%.
On 5-year performance, SNPE leads with 13.59% vs -11.06% for DGZ. On fees, SNPE is cheaper at 0.10% per year. On volatility, SNPE has been the lower-risk option at 3.87%. 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 13.59% return vs -11.06%. 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 0.95%, 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 (1.70 vs -0.25), 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.
Find the right allocation for SNPE and DGZ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer