(DBPD) ShortDAX x2 Daily Swap 1C - Overview

Exchange: XETRA • Country: Germany • Currency: EUR • Type: Etf • ISIN: LU0411075020

Etf: Leveraged, Inverse, German, Dax, Swap

Total Rating 22
Risk 71
Buy Signal -0.95
Risk 5d forecast
Volatility 28.0%
Relative Tail Risk -5.00%
Reward TTM
Sharpe Ratio -0.68
Alpha -23.41
Character TTM
Beta -0.400
Beta Downside -0.573
Drawdowns 3y
Max DD 63.90%
CAGR/Max DD -0.38

Description: DBPD ShortDAX x2 Daily Swap 1C December 22, 2025

DBPD is the ticker for Xtrackers ShortDAX x2 Daily Swap UCITS ETF 1C, a German-registered exchange-traded fund that seeks to deliver twice the inverse (-200%) of the daily performance of the DAX® Index. It is classified under the “Trading – Leveraged/Inverse Equity” category and trades on XETRA.

Key operational details: the fund uses a total-return swap to achieve its exposure, carries an annual expense ratio of roughly 0.45%, and resets its leverage each trading day, meaning performance can diverge significantly from the –200% multiple over longer horizons. As of the latest reporting, the ETF’s average daily trading volume exceeds 150,000 shares, and its 30-day implied volatility is about 1.8 ×  that of the DAX, reflecting heightened sensitivity to German macro-economic data such as industrial production and PMI releases.

Investors should monitor the German economic cycle-particularly the automotive and manufacturing sectors-as these drive the DAX’s direction and therefore the ETF’s daily returns; a sustained downturn in these industries could amplify the fund’s short-term gains, while a rapid rally could erode value quickly.

For a deeper quantitative breakdown, you might explore ValueRay’s analytics on DBPD.

What is the price of DBPD shares?

As of February 09, 2026, the stock is trading at EUR 0.51 with a total of 4,697,709 shares traded.
Over the past week, the price has changed by +0.67%, over one month by +3.42%, over three months by -5.83% and over the past year by -22.94%.

Is DBPD a buy, sell or hold?

ShortDAX x2 Daily Swap 1C has no consensus analysts rating.

What are the forecasts/targets for the DBPD price?

Issuer Target Up/Down from current
Wallstreet Target Price - -
Analysts Target Price - -
ValueRay Target Price 0.4 -21.6%

DBPD Fundamental Data Overview February 03, 2026

Market Cap USD = 90.4m (76.5m EUR * 1.1827 EUR.USD)
Revenue TTM = 0.0 EUR
EBIT TTM = 0.0 EUR
EBITDA TTM = 0.0 EUR
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 76.5m EUR (76.5m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 76.5m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 76.5m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 25.0% (EU avg default 25%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 25.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 4.44% (E(76.5m)/V(76.5m) * Re(4.44%) + (debt-free company))
Discount Rate = 4.44% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 0.0)

Additional Sources for DBPD ETF

Fund Manager Positions: Dataroma | Stockcircle