- ISIN
- US25154H7492
- CUSIP
- 25154H749
- Issuer
- Deutsche Bank
- Inception Date
- Feb 27, 2008
- Region
- Global (Broad)
- Category
- Leveraged Commodities, Gold, Precious Metals
- Leveraged
- 2x
- Index Tracked
- Deutsche Bank Liquid Commodity Index-Optimum Yield Gold (200%)
- Distribution Policy
- Accumulating
- Asset Class
- Commodity
- Assets Under Management
- $229M
Share Price Chart
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Performance
DGP Performance Chart
DB Gold Double Long Exchange Traded Notes (DGP) is down 11.3% since the beginning of the year. DGP is currently trading at $143 per share. Investors who bought $1,000 worth of DGP shares 5 years ago would now be looking at an investment worth $3,799.
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Returns By Period
DB Gold Double Long Exchange Traded Notes (DGP) has returned -11.34% so far this year and 37.49% over the past 12 months. Looking at the last ten years, DGP has achieved an annualized return of 17.68%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.
DB Gold Double Long Exchange Traded Notes
- 1D
- -1.39%
- 1M
- -14.72%
- YTD
- -11.34%
- 6M
- -17.00%
- 1Y
- 37.49%
- 3Y*
- 51.82%
- 5Y*
- 30.60%
- 10Y*
- 17.68%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
DGP Monthly Returns History
Based on dividend-adjusted daily data since Feb 28, 2008, DGP's average daily return is +0.07%, while the average monthly return is +1.29%. At this rate, an investment would double in approximately 4.5 years.
Historically, 52% of months were positive and 48% were negative. The best month was Nov 2009 with a return of +25.7%, while the worst month was Oct 2008 at -33.9%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 7 months.
On a daily basis, DGP closed higher 52% of trading days. The best single day was Sep 17, 2008 with a return of +24.6%, while the worst single day was Mar 9, 2022 at -24.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 24.36% | 17.37% | -22.14% | -3.82% | -3.32% | -16.10% | -11.34% | ||||||
| 2025 | 11.90% | 3.35% | 17.95% | 10.08% | -0.50% | 0.60% | -1.83% | 10.58% | 22.12% | 6.15% | 9.87% | 3.88% | 141.40% |
| 2024 | -3.47% | 0.87% | 16.97% | 6.09% | 2.56% | -0.48% | 9.86% | 3.40% | 10.03% | 7.93% | -6.28% | -1.78% | 53.16% |
| 2023 | 10.54% | -10.19% | 14.28% | 2.78% | -3.90% | -4.72% | 3.69% | -0.68% | -11.00% | 12.98% | 4.03% | 1.70% | 16.97% |
| 2022 | -3.62% | 12.73% | 2.32% | -5.11% | -6.35% | -3.94% | -4.29% | -6.37% | -6.47% | -3.72% | 16.62% | 5.78% | -5.54% |
| 2021 | -6.59% | -11.04% | -3.41% | 5.88% | 15.07% | -14.23% | 5.03% | -0.10% | -6.66% | 3.00% | -1.15% | 6.08% | -11.29% |
Benchmark Metrics
DB Gold Double Long Exchange Traded Notes has an annualized alpha of 17.21%, beta of 0.08, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since February 28, 2008.
- This ETF captured 28.31% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -6.71%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.08 may look defensive, but with R2 of 0.00 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.00 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 17.21%
- Beta
- 0.08
- R²
- 0.00
- Upside Capture
- 28.31%
- Downside Capture
- -6.71%
Expense Ratio
DGP has an expense ratio of 0.75%, placing it in the medium range.
Return for Risk
Risk / Return Rank
DGP ranks 21 for risk / return — below 21% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for DB Gold Double Long Exchange Traded Notes (DGP) and compare them to S&P 500 Index.
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.
| DGP | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.34 | ||
| Sortino ratioReturn per unit of downside risk | -1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.37 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.86 | 2.78 | -1.93 |
| Martin ratioReturn relative to average drawdown | 2.28 | 12.44 | -10.16 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the DB Gold Double Long Exchange Traded Notes. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the DB Gold Double Long Exchange Traded Notes was 75.31%, occurring on Dec 17, 2015. Recovery took 2225 trading sessions.
The current DB Gold Double Long Exchange Traded Notes drawdown is 41.00%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2015 bear market2015 | -75.31%Dec 2015 | 4y 3mo | 8y 10mo | 13y 2moAug 2011 - Oct 2024 |
Financial crisis2007–2009 | -55.21%Nov 2008 | 7mo 29d | 12mo 2d | 1y 7moMar 2008 - Nov 2009 |
2026 bear market2026 | -43.98%Jun 2026 | 4mo 11d | — | 4mo 24dJan 2026 - now |
2010 bear market2010 | -24.37%Feb 2010 | 2mo 7d | 3mo 2d | 5mo 9dDec 2009 - May 2010 |
2025 correction2025 | -18.17%Nov 2025 | 14d | 1mo 18d | 2mo 2dOct 2025 - Dec 2025 |
Drawdown Indicators
| DGP | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.31% | -56.78% | -18.53% |
Max Drawdown (1Y)Largest decline over 1 year | -43.98% | -9.10% | -34.88% |
Max Drawdown (3Y)Largest decline over 3 years | -43.98% | -18.90% | -25.08% |
Max Drawdown (5Y)Largest decline over 5 years | -51.24% | -25.43% | -25.81% |
Max Drawdown (10Y)Largest decline over 10 years | -51.24% | -33.92% | -17.32% |
Current DrawdownCurrent decline from peak | -41.00% | -1.80% | -39.20% |
Average DrawdownAverage peak-to-trough decline | -41.08% | -10.71% | -30.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.49% | 2.03% | +14.46% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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