SPPE.DE vs. DBPG.DE
SPPE.DE (SPDR S&P 500 UCITS ETF EUR Hedged Accumulating) and DBPG.DE (Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C) are both exchange-traded funds - SPPE.DE is a S&P 500 fund tracking the S&P 500 EUR Dynamic Hedged Index, while DBPG.DE is a Leveraged Equities fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, SPPE.DE returned 11.18%/yr vs 21.51%/yr for DBPG.DE. Their correlation of 0.90 suggests significant overlap in exposure. SPPE.DE charges 0.12%/yr vs 0.60%/yr for DBPG.DE.
Performance
SPPE.DE vs. DBPG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPPE.DE achieves a 9.05% return, which is significantly lower than DBPG.DE's 19.52% return.
SPPE.DE
- 1D
- -0.02%
- 1M
- 4.39%
- YTD
- 9.05%
- 6M
- 9.84%
- 1Y
- 24.85%
- 3Y*
- 19.65%
- 5Y*
- 11.18%
- 10Y*
- —
DBPG.DE
- 1D
- -0.23%
- 1M
- 9.51%
- YTD
- 19.52%
- 6M
- 20.06%
- 1Y
- 51.09%
- 3Y*
- 34.60%
- 5Y*
- 21.51%
- 10Y*
- 24.01%
SPPE.DE vs. DBPG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SPPE.DE SPDR S&P 500 UCITS ETF EUR Hedged Accumulating | 9.05% | 15.34% | 23.21% | 23.17% | -21.69% | 28.48% | 15.08% | 29.99% | -10.40% |
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% | -17.72% |
Correlation
The correlation between SPPE.DE and DBPG.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2018 | 0.90 |
The correlation between SPPE.DE and DBPG.DE has been stable across timeframes, ranging from 0.90 to 0.96 - a consistent structural relationship.
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Return for Risk
SPPE.DE vs. DBPG.DE — Risk / Return Rank
SPPE.DE
DBPG.DE
SPPE.DE vs. DBPG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 500 UCITS ETF EUR Hedged Accumulating (SPPE.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.
| SPPE.DE | DBPG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.39 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.87 | 3.30 | -0.43 |
| Martin ratioReturn relative to average drawdown | 12.22 | 12.66 | -0.44 |
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
| SPPE.DE | DBPG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 2.26 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.71 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 0.78 | +0.02 |
Drawdowns
SPPE.DE vs. DBPG.DE - Drawdown Comparison
The maximum SPPE.DE drawdown since its inception was -34.07%, smaller than the maximum DBPG.DE drawdown of -59.28%. Use the drawdown chart below to compare losses from any high point for SPPE.DE and DBPG.DE.
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Drawdown Indicators
| SPPE.DE | DBPG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.07% | -59.28% | +25.21% |
Max Drawdown (1Y)Largest decline over 1 year | -8.64% | -15.43% | +6.79% |
Max Drawdown (3Y)Largest decline over 3 years | -18.41% | -38.46% | +20.05% |
Max Drawdown (5Y)Largest decline over 5 years | -26.07% | -38.46% | +12.39% |
Max Drawdown (10Y)Largest decline over 10 years | — | -59.28% | — |
Current DrawdownCurrent decline from peak | -0.59% | -1.10% | +0.51% |
Average DrawdownAverage peak-to-trough decline | -6.19% | -8.85% | +2.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 4.02% | -1.99% |
Volatility
SPPE.DE vs. DBPG.DE - Volatility Comparison
The current volatility for SPDR S&P 500 UCITS ETF EUR Hedged Accumulating (SPPE.DE) is 3.07%, while Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C (DBPG.DE) has a volatility of 5.65%. This indicates that SPPE.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
| SPPE.DE | DBPG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.07% | 5.65% | -2.58% |
Volatility (6M)Calculated over the trailing 6-month period | 8.56% | 15.61% | -7.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.69% | 22.46% | -10.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.00% | 30.11% | -14.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.64% | 31.48% | -12.84% |
SPPE.DE vs. DBPG.DE - Expense Ratio Comparison
SPPE.DE has a 0.12% expense ratio, which is lower than DBPG.DE's 0.60% expense ratio.
Dividends
SPPE.DE vs. DBPG.DE - Dividend Comparison
Neither SPPE.DE nor DBPG.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, SPPE.DE and DBPG.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, SPPE.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPPE.DE is cheaper with a 0.12% expense ratio, compared with 0.60% for DBPG.DE.
SPPE.DE is categorized as S&P 500, while DBPG.DE is Leveraged Equities. SPPE.DE tracks S&P 500 EUR Dynamic Hedged Index, while DBPG.DE tracks S&P 500 Index. They also come from different issuers: State Street and Xtrackers. Their fees differ too: 0.12% for SPPE.DE and 0.60% for DBPG.DE.
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