diff --git a/charts/prometheus-elasticsearch-exporter/Chart.yaml b/charts/prometheus-elasticsearch-exporter/Chart.yaml
index 860e79fd3c60..fb137cdbc574 100644
--- a/charts/prometheus-elasticsearch-exporter/Chart.yaml
+++ b/charts/prometheus-elasticsearch-exporter/Chart.yaml
@@ -1,9 +1,9 @@
 apiVersion: v1
 description: Elasticsearch stats exporter for Prometheus
 name: prometheus-elasticsearch-exporter
-version: 5.3.1
+version: 5.4.0
 kubeVersion: ">=1.10.0-0"
-appVersion: "v1.6.0"
+appVersion: "v1.7.0"
 home: https://github.com/prometheus-community/elasticsearch_exporter
 sources:
   - https://github.com/prometheus-community/helm-charts/tree/main/charts/prometheus-elasticsearch-exporter
diff --git a/charts/prometheus-elasticsearch-exporter/templates/deployment.yaml b/charts/prometheus-elasticsearch-exporter/templates/deployment.yaml
index 96db3fff8a2e..1c6b16dd8c99 100644
--- a/charts/prometheus-elasticsearch-exporter/templates/deployment.yaml
+++ b/charts/prometheus-elasticsearch-exporter/templates/deployment.yaml
@@ -106,7 +106,7 @@ spec:
                     "--es.shards",
                     {{- end }}
                     {{- if .Values.es.snapshots }}
-                    "--es.snapshots",
+                    "--collector.snapshots",
                     {{- end }}
                     {{- if .Values.es.cluster_settings }}
                     "--collector.clustersettings",