XS5E.DE vs. DBPG.DE
XS5E.DE (Xtrackers S&P 500 Swap UCITS ETF EUR Hedged (Acc)) and DBPG.DE (Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C) are both exchange-traded funds - XS5E.DE is a S&P 500 fund tracking the S&P 500 Index (EUR Hedged), while DBPG.DE is a Leveraged Equities fund tracking the S&P 500 Index. Both are passively managed. Over the past 3 years, XS5E.DE returned 17.00%/yr vs 31.28%/yr for DBPG.DE. With a 0.95 correlation, they move nearly in lockstep. XS5E.DE charges 0.20%/yr vs 0.60%/yr for DBPG.DE.
Performance
XS5E.DE vs. DBPG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XS5E.DE achieves a 7.25% return, which is significantly lower than DBPG.DE's 17.55% return.
XS5E.DE
- 1D
- -1.26%
- 1M
- -0.73%
- 6M
- 6.63%
- YTD
- 7.25%
- 1Y
- 17.01%
- 3Y*
- 17.00%
- 5Y*
- —
- 10Y*
- —
DBPG.DE
- 1D
- -2.46%
- 1M
- -0.30%
- 6M
- 14.51%
- YTD
- 17.55%
- 1Y
- 36.92%
- 3Y*
- 31.28%
- 5Y*
- 18.96%
- 10Y*
- 22.82%
XS5E.DE vs. DBPG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XS5E.DE Xtrackers S&P 500 Swap UCITS ETF EUR Hedged (Acc) | 7.25% | 15.25% | 23.26% | 23.58% | -21.91% | 9.25% |
DBPG.DE Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C | 17.55% | 13.51% | 53.27% | 44.01% | -36.17% | 24.11% |
Correlation
The correlation between XS5E.DE and DBPG.DE is 0.95 - 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2021 | 0.95 |
The correlation between XS5E.DE and DBPG.DE has been stable across timeframes, ranging from 0.95 to 0.95 - a consistent structural relationship.
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Return for Risk
XS5E.DE vs. DBPG.DE — Risk / Return Rank
XS5E.DE
DBPG.DE
XS5E.DE vs. DBPG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P 500 Swap UCITS ETF EUR Hedged (Acc) (XS5E.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.
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.
| XS5E.DE | DBPG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.28 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | 2.38 | -0.42 |
| Martin ratioReturn relative to average drawdown | 7.77 | 8.84 | -1.07 |
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Drawdowns
XS5E.DE vs. DBPG.DE - Drawdown Comparison
The maximum XS5E.DE drawdown since its inception was -26.08%, smaller than the maximum DBPG.DE drawdown of -59.28%. Use the drawdown chart below to compare losses from any high point for XS5E.DE and DBPG.DE.
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Drawdown Indicators
| XS5E.DE | DBPG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.08% | -59.28% | +33.20% |
Max Drawdown (1Y)Largest decline over 1 year | -8.63% | -15.43% | +6.80% |
Max Drawdown (3Y)Largest decline over 3 years | -18.49% | -38.46% | +19.97% |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -59.28% | — |
Current DrawdownCurrent decline from peak | -2.06% | -2.73% | +0.67% |
Average DrawdownAverage peak-to-trough decline | -7.06% | -12.04% | +4.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.18% | 4.17% | -1.99% |
Volatility
XS5E.DE vs. DBPG.DE - Volatility Comparison
The current volatility for Xtrackers S&P 500 Swap UCITS ETF EUR Hedged (Acc) (XS5E.DE) is 2.94%, while Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C (DBPG.DE) has a volatility of 5.83%. This indicates that XS5E.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
| XS5E.DE | DBPG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.94% | 5.83% | -2.89% |
Volatility (6M)Calculated over the trailing 6-month period | 9.22% | 16.48% | -7.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.14% | 23.07% | -10.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.20% | 30.22% | -14.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.20% | 31.43% | -15.23% |
XS5E.DE vs. DBPG.DE - Expense Ratio Comparison
XS5E.DE has a 0.20% expense ratio, which is lower than DBPG.DE's 0.60% expense ratio.
Dividends
XS5E.DE vs. DBPG.DE - Dividend Comparison
Neither XS5E.DE nor DBPG.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, XS5E.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, XS5E.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XS5E.DE is cheaper with a 0.20% expense ratio, compared with 0.60% for DBPG.DE.
XS5E.DE is categorized as S&P 500, while DBPG.DE is Leveraged Equities. XS5E.DE tracks S&P 500 Index (EUR Hedged), while DBPG.DE tracks S&P 500 Index. Their fees differ too: 0.20% for XS5E.DE and 0.60% for DBPG.DE.
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