- 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
Highlights
- Avg. Volume (1M)
- 114K
- Avg. Volume Value (1M)
- $15.11M
Share Price Chart
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Performance
DGP Performance Chart
DB Gold Double Long Exchange Traded Notes (DGP) is down 18.2% since the beginning of the year. DGP is currently trading at $132 per share. Investors who bought $1,000 worth of DGP shares 5 years ago would now be looking at an investment worth $3,365.
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Returns By Period
DB Gold Double Long Exchange Traded Notes (DGP) has returned -18.18% so far this year and 28.29% over the past 12 months. Looking at the last ten years, DGP has achieved an annualized return of 16.04%, outperforming the S&P 500 Index benchmark, which averaged 13.26% per year.
DB Gold Double Long Exchange Traded Notes
- 1D
- -2.82%
- 1M
- -3.42%
- 6M
- -34.21%
- YTD
- -18.18%
- 1Y
- 28.29%
- 3Y*
- 48.17%
- 5Y*
- 27.47%
- 10Y*
- 16.04%
- ALL TIME*
- 9.38%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
DGP Monthly Returns History
Based on dividend-adjusted daily data since Feb 28, 2008, DGP's average daily return is +0.06%, while the average monthly return is +1.25%. At this rate, an investment would double in approximately 4.6 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% | -23.50% | 1.22% | -18.18% | |||||
| 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 16.62%, 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 -3.40%) - 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
- 16.62%
- Beta
- 0.08
- R²
- 0.00
- Upside Capture
- 28.31%
- Downside Capture
- -3.40%
Expense Ratio
DGP has an expense ratio of 0.75%, placing it in the medium range.
Return for Risk
Risk / Return Rank
DGP ranks 27 for risk / return — above 27% of ETFs peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return 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 | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.25 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.71 | 2.00 | -1.29 |
| Martin ratioReturn relative to average drawdown | 1.52 | 8.49 | -6.97 |
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 45.56%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-75.31%Dec 2015 | 4y 3mo | 8y 10mo | 13y 2moAug 2011 - Oct 2024 | — |
-55.21%Nov 2008 | 7mo 29d | 12mo 2d | 1y 7moMar 2008 - Nov 2009 | Financial crisis2007–2009 |
-47.59%Jul 2026 | 5mo 17d | — | 6mo 4dJan 2026 - now | — |
-24.37%Feb 2010 | 2mo 7d | 3mo 2d | 5mo 9dDec 2009 - May 2010 | — |
-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 | -47.59% | -9.10% | -38.49% |
Max Drawdown (3Y)Largest decline over 3 years | -47.59% | -18.90% | -28.69% |
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 | -45.56% | -1.58% | -43.98% |
Average DrawdownAverage peak-to-trough decline | -41.10% | -10.70% | -30.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.26% | 2.14% | +20.12% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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