XZEW.DE vs. DBPG.DE

Last updated Jun 5, 2026

XZEW.DE (Xtrackers S&P 500 Equal Weight ESG UCITS ETF 1C) and DBPG.DE (Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C) are both exchange-traded funds - XZEW.DE is a S&P 500 fund tracking the S&P 500 Equal Weight ESG, while DBPG.DE is a Leveraged Equities fund tracking the S&P 500 Index. Both are passively managed. Over the past 3 years, XZEW.DE returned 12.65%/yr vs 34.60%/yr for DBPG.DE. A 0.74 correlation means they provide meaningful diversification when combined. XZEW.DE charges 0.17%/yr vs 0.60%/yr for DBPG.DE.

Performance

XZEW.DE vs. DBPG.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers S&P 500 Equal Weight ESG UCITS ETF 1C (XZEW.DE) and Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C (DBPG.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XZEW.DE achieves a 10.78% return, which is significantly lower than DBPG.DE's 19.52% return.

XZEW.DE

• 1D: 0.38%
• 1M: 4.75%
• YTD: 10.78%
• 6M: 11.99%
• 1Y: 21.75%
• 3Y*: 12.65%
• 5Y*: —
• 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%

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

XZEW.DE vs. DBPG.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XZEW.DE Xtrackers S&P 500 Equal Weight ESG UCITS ETF 1C	10.78%	1.09%	18.02%	10.63%	-3.60%
DBPG.DE Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C	19.52%	13.51%	53.27%	44.01%	-7.75%

Correlation

The correlation between XZEW.DE and DBPG.DE is 0.62, 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	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (All Time) Calculated using the full available price history since Dec 13, 2022	0.74

The correlation between XZEW.DE and DBPG.DE shifts across timeframes, from 0.62 (1 year) to 0.74 (all time), reflecting how their relationship changes across market environments.

Return for Risk

XZEW.DE vs. DBPG.DE — Risk / Return Rank

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

XZEW.DE

XZEW.DE Risk / Return Rank: 66
XZEW.DE Sharpe Ratio Rank: 59
XZEW.DE Sortino Ratio Rank: 60
XZEW.DE Omega Ratio Rank: 59
XZEW.DE Calmar Ratio Rank: 83
XZEW.DE Martin Ratio Rank: 70

DBPG.DE

DBPG.DE Risk / Return Rank: 67
DBPG.DE Sharpe Ratio Rank: 70
DBPG.DE Sortino Ratio Rank: 66
DBPG.DE Omega Ratio Rank: 65
DBPG.DE Calmar Ratio Rank: 67
DBPG.DE 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.

XZEW.DE vs. DBPG.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P 500 Equal Weight ESG UCITS ETF 1C (XZEW.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.

	XZEW.DE	DBPG.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.98	2.26	-0.28
Sortino ratio: Return per unit of downside risk	2.77	2.98	-0.21
Omega ratio: Gain probability vs. loss probability	1.35	1.39	-0.03
Calmar ratio: Return relative to maximum drawdown	4.33	3.30	+1.03
Martin ratio: Return relative to average drawdown	12.75	12.66	+0.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XZEW.DE vs. DBPG.DE - Sharpe Ratio Comparison

The current XZEW.DE Sharpe Ratio is 1.98, which is comparable to the DBPG.DE Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of XZEW.DE and DBPG.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XZEW.DE	DBPG.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.98	2.26	-0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.71	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.76	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	0.78	-0.04

Drawdowns

XZEW.DE vs. DBPG.DE - Drawdown Comparison

The maximum XZEW.DE drawdown since its inception was -23.98%, smaller than the maximum DBPG.DE drawdown of -59.28%. Use the drawdown chart below to compare losses from any high point for XZEW.DE and DBPG.DE.

Drawdown Indicators

	XZEW.DE	DBPG.DE	Difference
Max Drawdown Largest peak-to-trough decline	-23.98%	-59.28%	+35.30%
Max Drawdown (1Y) Largest decline over 1 year	-5.00%	-15.43%	+10.43%
Max Drawdown (3Y) Largest decline over 3 years	-23.98%	-38.46%	+14.48%
Max Drawdown (5Y) Largest decline over 5 years	—	-38.46%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-59.28%	—
Current Drawdown Current decline from peak	0.00%	-1.10%	+1.10%
Average Drawdown Average peak-to-trough decline	-4.76%	-8.85%	+4.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.70%	4.02%	-2.32%

Volatility

XZEW.DE vs. DBPG.DE - Volatility Comparison

The current volatility for Xtrackers S&P 500 Equal Weight ESG UCITS ETF 1C (XZEW.DE) is 2.12%, while Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C (DBPG.DE) has a volatility of 5.65%. This indicates that XZEW.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.

Volatility by Period

	XZEW.DE	DBPG.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.12%	5.65%	-3.53%
Volatility (6M) Calculated over the trailing 6-month period	6.92%	15.61%	-8.69%
Volatility (1Y) Calculated over the trailing 1-year period	10.93%	22.46%	-11.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.97%	30.11%	-16.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.97%	31.48%	-17.51%

XZEW.DE vs. DBPG.DE - Expense Ratio Comparison

XZEW.DE has a 0.17% expense ratio, which is lower than DBPG.DE's 0.60% expense ratio.

Dividends

XZEW.DE vs. DBPG.DE - Dividend Comparison

Neither XZEW.DE nor DBPG.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XZEW.DE and DBPG.DE in my portfolio?

XZEW.DE and DBPG.DE have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XZEW.DE or DBPG.DE?

On fees, XZEW.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XZEW.DE or DBPG.DE?

XZEW.DE is cheaper with a 0.17% expense ratio, compared with 0.60% for DBPG.DE.

What is the main difference between XZEW.DE and DBPG.DE?

XZEW.DE is categorized as S&P 500, while DBPG.DE is Leveraged Equities. XZEW.DE tracks S&P 500 Equal Weight ESG, while DBPG.DE tracks S&P 500 Index. Their fees differ too: 0.17% for XZEW.DE and 0.60% for DBPG.DE.