TAI3.DE vs. DBPE.DE
TAI3.DE (Leverage Shares 3x Long Taiwan ETP Securities) and DBPE.DE (Xtrackers LevDAX Daily Swap UCITS ETF (Acc)) are both Leveraged Equities funds. TAI3.DE is actively managed, while DBPE.DE is passively managed. Over the past 3 years, TAI3.DE returned 70.64%/yr vs 24.42%/yr for DBPE.DE. At a 0.49 correlation, their price movements are largely independent. TAI3.DE charges 0.75%/yr vs 0.35%/yr for DBPE.DE.
Performance
TAI3.DE vs. DBPE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, TAI3.DE achieves a 203.56% return, which is significantly higher than DBPE.DE's -1.40% return.
TAI3.DE
- 1D
- 0.00%
- 1M
- -19.51%
- 6M
- 157.95%
- YTD
- 203.56%
- 1Y
- 263.59%
- 3Y*
- 70.64%
- 5Y*
- —
- 10Y*
- —
DBPE.DE
- 1D
- -0.70%
- 1M
- -1.47%
- 6M
- -7.12%
- YTD
- -1.40%
- 1Y
- -2.63%
- 3Y*
- 24.42%
- 5Y*
- 13.08%
- 10Y*
- 13.59%
TAI3.DE vs. DBPE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TAI3.DE Leverage Shares 3x Long Taiwan ETP Securities | 203.56% | 23.95% | 21.86% | 34.00% | -14.96% |
DBPE.DE Xtrackers LevDAX Daily Swap UCITS ETF (Acc) | -1.40% | 41.17% | 32.06% | 35.78% | 6.16% |
Correlation
The correlation between TAI3.DE and DBPE.DE is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2022 | 0.49 |
The correlation between TAI3.DE and DBPE.DE has been stable across timeframes, ranging from 0.49 to 0.54 - a consistent structural relationship.
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Return for Risk
TAI3.DE vs. DBPE.DE — Risk / Return Rank
TAI3.DE
DBPE.DE
TAI3.DE vs. DBPE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long Taiwan ETP Securities (TAI3.DE) and Xtrackers LevDAX Daily Swap UCITS ETF (Acc) (DBPE.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.
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.
| TAI3.DE | DBPE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.43 | ||
| Sortino ratioReturn per unit of downside risk | +3.01 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.01 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 8.65 | -0.11 | +8.75 |
| Martin ratioReturn relative to average drawdown | 21.45 | -0.31 | +21.76 |
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Drawdowns
TAI3.DE vs. DBPE.DE - Drawdown Comparison
The maximum TAI3.DE drawdown since its inception was -73.14%, which is greater than DBPE.DE's maximum drawdown of -64.87%. Use the drawdown chart below to compare losses from any high point for TAI3.DE and DBPE.DE.
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Drawdown Indicators
| TAI3.DE | DBPE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.14% | -64.87% | -8.27% |
Max Drawdown (1Y)Largest decline over 1 year | -30.70% | -24.16% | -6.54% |
Max Drawdown (3Y)Largest decline over 3 years | -73.14% | -29.95% | -43.19% |
Max Drawdown (5Y)Largest decline over 5 years | — | -48.69% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.87% | — |
Current DrawdownCurrent decline from peak | -30.70% | -8.10% | -22.60% |
Average DrawdownAverage peak-to-trough decline | -18.08% | -16.46% | -1.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.36% | 8.42% | +3.94% |
Volatility
TAI3.DE vs. DBPE.DE - Volatility Comparison
Leverage Shares 3x Long Taiwan ETP Securities (TAI3.DE) has a higher volatility of 33.82% compared to Xtrackers LevDAX Daily Swap UCITS ETF (Acc) (DBPE.DE) at 9.24%. This indicates that TAI3.DE's price experiences larger fluctuations and is considered to be riskier than DBPE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TAI3.DE | DBPE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 33.82% | 9.24% | +24.58% |
Volatility (6M)Calculated over the trailing 6-month period | 69.13% | 26.93% | +42.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 79.40% | 32.30% | +47.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.69% | 34.29% | +36.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.69% | 36.13% | +34.56% |
TAI3.DE vs. DBPE.DE - Expense Ratio Comparison
TAI3.DE has a 0.75% expense ratio, which is higher than DBPE.DE's 0.35% expense ratio.
Dividends
TAI3.DE vs. DBPE.DE - Dividend Comparison
Neither TAI3.DE nor DBPE.DE has paid dividends to shareholders.
Frequently Asked Questions
TAI3.DE and DBPE.DE have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DBPE.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DBPE.DE is cheaper with a 0.35% expense ratio, compared with 0.75% for TAI3.DE.
They also come from different issuers: Leverage Shares and Xtrackers. Their fees differ too: 0.75% for TAI3.DE and 0.35% for DBPE.DE.
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