UPGR vs. DEUS

Last updated Jul 15, 2026

UPGR (Xtrackers US Green Infrastructure Select Equity ETF) and DEUS (Xtrackers Russell US Multifactor ETF) are both exchange-traded funds - UPGR is a Energy Equities fund tracking the Solactive United States Green Infrastructure ESG Screened Index - Benchmark TR Gross, while DEUS is a Mid Cap Blend Equities fund tracking the Russell 1000 Comprehensive Factor Index. Both are passively managed. Over the past 3 years, UPGR returned 1.94%/yr vs 14.77%/yr for DEUS. A 0.64 correlation means they provide meaningful diversification when combined. UPGR charges 0.35%/yr vs 0.17%/yr for DEUS.

Performance

UPGR vs. DEUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers US Green Infrastructure Select Equity ETF (UPGR) and Xtrackers Russell US Multifactor ETF (DEUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UPGR achieves a 6.19% return, which is significantly lower than DEUS's 13.38% return.

UPGR

• 1D: 2.02%
• 1M: -4.25%
• 6M: -2.10%
• YTD: 6.19%
• 1Y: 31.11%
• 3Y*: 1.94%
• 5Y*: —
• 10Y*: —

DEUS

• 1D: -0.38%
• 1M: 0.60%
• 6M: 9.84%
• YTD: 13.38%
• 1Y: 17.68%
• 3Y*: 14.77%
• 5Y*: 9.98%
• 10Y*: 11.22%

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

UPGR vs. DEUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
UPGR Xtrackers US Green Infrastructure Select Equity ETF	6.19%	35.25%	-14.72%	-15.29%
DEUS Xtrackers Russell US Multifactor ETF	13.38%	10.41%	14.33%	5.59%

Correlation

The correlation between UPGR and DEUS is 0.55, 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	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (All Time) Calculated using the full available price history since Jul 13, 2023	0.64

The correlation between UPGR and DEUS has been stable across timeframes, ranging from 0.55 to 0.64 - a consistent structural relationship.

UPGR vs. DEUS - Sectors Allocation Comparison

Sectors	UPGR	DEUS
Industrials	56.6%	17.0%
Energy	11.1%	5.1%
Basic Materials	9.7%	4.5%
Utilities	8.6%	6.9%
Consumer Cyclical	8.2%	10.5%
Technology	3.7%	17.7%
Consumer Defensive	1.9%	7.3%
Financial Services	0.0%	11.7%
Communication Services	-	3.7%
Healthcare	-	11.4%
Real Estate	-	4.2%

Return for Risk

UPGR vs. DEUS — Risk / Return Rank

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

UPGR

UPGR Risk / Return Rank: 35
UPGR Sharpe Ratio Rank: 32
UPGR Sortino Ratio Rank: 33
UPGR Omega Ratio Rank: 30
UPGR Calmar Ratio Rank: 45
UPGR Martin Ratio Rank: 34

DEUS

DEUS Risk / Return Rank: 63
DEUS Sharpe Ratio Rank: 60
DEUS Sortino Ratio Rank: 63
DEUS Omega Ratio Rank: 57
DEUS Calmar Ratio Rank: 65
DEUS Martin Ratio Rank: 69

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.

UPGR vs. DEUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers US Green Infrastructure Select Equity ETF (UPGR) and Xtrackers Russell US Multifactor ETF (DEUS). 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.

	UPGR	DEUS	Difference
Sharpe ratio: Return per unit of total volatility	0.96	1.60	-0.63
Sortino ratio: Return per unit of downside risk	1.47	2.35	-0.89
Omega ratio: Gain probability vs. loss probability	1.17	1.28	-0.11
Calmar ratio: Return relative to maximum drawdown	1.85	2.60	-0.75
Martin ratio: Return relative to average drawdown	4.08	9.90	-5.82

UPGR vs. DEUS - Sharpe Ratio Comparison

The current UPGR Sharpe Ratio is 0.96, which is lower than the DEUS Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of UPGR and DEUS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

UPGR vs. DEUS - Drawdown Comparison

The maximum UPGR drawdown since its inception was -46.60%, which is greater than DEUS's maximum drawdown of -40.47%. Use the drawdown chart below to compare losses from any high point for UPGR and DEUS.

Drawdown Indicators

	UPGR	DEUS	Difference
Max Drawdown Largest peak-to-trough decline	-46.60%	-40.47%	-6.13%
Max Drawdown (1Y) Largest decline over 1 year	-16.90%	-6.83%	-10.07%
Max Drawdown (3Y) Largest decline over 3 years	-46.60%	-16.69%	-29.91%
Max Drawdown (5Y) Largest decline over 5 years	—	-20.89%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-40.47%	—
Current Drawdown Current decline from peak	-15.23%	-0.49%	-14.74%
Average Drawdown Average peak-to-trough decline	-20.15%	-4.30%	-15.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.64%	1.79%	+5.85%

Volatility

UPGR vs. DEUS - Volatility Comparison

Xtrackers US Green Infrastructure Select Equity ETF (UPGR) has a higher volatility of 10.82% compared to Xtrackers Russell US Multifactor ETF (DEUS) at 2.69%. This indicates that UPGR's price experiences larger fluctuations and is considered to be riskier than DEUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UPGR	DEUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.82%	2.69%	+8.13%
Volatility (6M) Calculated over the trailing 6-month period	23.24%	8.16%	+15.08%
Volatility (1Y) Calculated over the trailing 1-year period	32.43%	11.12%	+21.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.99%	15.53%	+15.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.99%	17.94%	+13.05%

UPGR vs. DEUS - Expense Ratio Comparison

UPGR has a 0.35% expense ratio, which is higher than DEUS's 0.17% expense ratio.

Dividends

UPGR vs. DEUS - Dividend Comparison

UPGR's dividend yield for the trailing twelve months is around 0.30%, less than DEUS's 1.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DEUS Xtrackers Russell US Multifactor ETF	1.41%	1.59%	1.36%	1.49%	1.74%	1.14%	1.61%	1.65%	1.77%	1.31%	2.75%
UPGR Xtrackers US Green Infrastructure Select Equity ETF	0.30%	0.39%	1.16%	0.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UPGR and DEUS in my portfolio?

UPGR and DEUS have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UPGR or DEUS?

UPGR has higher volatility (10.82%) compared to DEUS (2.69%). In terms of maximum drawdown, UPGR dropped -46.60% vs DEUS's -40.47%.

Which ETF is better, UPGR or DEUS?

On 3-year performance, DEUS leads with 14.77% vs 1.94% for UPGR. On fees, DEUS is cheaper at 0.17% per year. On volatility, DEUS has been the lower-risk option at 2.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UPGR or DEUS?

Over the 3-year period, DEUS has performed better with a 14.77% return vs 1.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UPGR or DEUS?

DEUS is cheaper with a 0.17% expense ratio, compared with 0.35% for UPGR.

Which ETF pays a higher dividend yield, UPGR or DEUS?

DEUS has the higher dividend yield at 1.41%, compared with 0.30% for UPGR.

What is the main difference between UPGR and DEUS?

UPGR is categorized as Energy Equities, while DEUS is Mid Cap Blend Equities. UPGR tracks Solactive United States Green Infrastructure ESG Screened Index - Benchmark TR Gross, while DEUS tracks Russell 1000 Comprehensive Factor Index. Their fees differ too: 0.35% for UPGR and 0.17% for DEUS.

Which has better risk-adjusted returns?

DEUS currently has the higher Sharpe Ratio (1.60 vs 0.96), 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.