DB Gold Short Exchange Traded Notes (DGZ)
DGZ is a passive ETF by Deutsche Bank tracking the investment results of the Deutsche Bank Liquid Commodity Index - Optimum Yield Gold Excess Return (-100%). DGZ launched on Feb 27, 2008 and has a 0.75% expense ratio.
ETF Info
US25154H7310
25154H731
Feb 27, 2008
1x
Deutsche Bank Liquid Commodity Index - Optimum Yield Gold Excess Return (-100%)
Expense Ratio
DGZ features an expense ratio of 0.75%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in DB Gold Short Exchange Traded Notes, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
DB Gold Short Exchange Traded Notes had a return of -7.23% year-to-date (YTD) and -24.21% in the last 12 months. Over the past 10 years, DB Gold Short Exchange Traded Notes had an annualized return of -6.70%, while the S&P 500 had an annualized return of 11.26%, indicating that DB Gold Short Exchange Traded Notes did not perform as well as the benchmark.
DGZ
-7.23%
-7.12%
-11.49%
-24.21%
-7.67%
-6.70%
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of DGZ, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | -2.77% | -7.23% | |||||||||||
| 2024 | -0.40% | 0.00% | -8.69% | 1.33% | -1.42% | 0.55% | -2.42% | -2.82% | -3.66% | -2.35% | 3.70% | -1.19% | -16.50% |
| 2023 | -4.94% | 4.99% | -6.63% | -0.41% | 1.65% | 3.05% | -1.41% | 2.83% | 4.86% | -5.84% | -1.77% | -0.30% | -4.70% |
| 2022 | 2.62% | -6.23% | -0.99% | 2.64% | 2.62% | 1.85% | 2.76% | 3.83% | 3.69% | 2.27% | -6.66% | -2.80% | 4.93% |
| 2021 | 3.37% | 6.52% | 1.86% | -4.10% | -7.50% | 6.83% | -1.87% | -0.88% | 3.26% | -1.53% | 0.58% | -3.96% | 1.53% |
| 2020 | -4.53% | 2.29% | -0.17% | -6.56% | -3.20% | -4.50% | -2.88% | -2.37% | 0.71% | 0.91% | 4.99% | -7.03% | -20.79% |
| 2019 | -2.42% | 0.72% | 2.21% | 0.66% | -0.87% | -7.69% | -0.24% | -7.61% | 4.39% | -2.63% | 2.62% | -2.68% | -13.42% |
| 2018 | -3.17% | 2.73% | 0.07% | 0.30% | 1.25% | 4.29% | 2.75% | 2.12% | 1.01% | -1.78% | -0.33% | -4.13% | 4.88% |
| 2017 | -5.63% | -2.60% | -0.41% | -1.32% | 0.07% | 2.45% | -1.69% | -4.22% | 3.81% | 0.43% | -0.50% | -2.01% | -11.36% |
| 2016 | -5.32% | -11.06% | 0.56% | -5.04% | 6.19% | -8.91% | -1.50% | 4.35% | -1.98% | 3.43% | 8.30% | 2.30% | -10.21% |
| 2015 | -8.46% | 5.71% | 2.28% | 0.06% | -0.71% | 1.50% | 6.71% | -3.71% | 1.62% | -2.33% | 6.71% | 0.47% | 9.13% |
| 2014 | -3.43% | -6.45% | 3.10% | -0.61% | 2.96% | -6.34% | 3.49% | -0.24% | 6.11% | 3.06% | 0.44% | -1.57% | -0.38% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of DGZ is 1, meaning it’s performing worse than 99% of other ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for DB Gold Short Exchange Traded Notes (DGZ) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the DB Gold Short 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 Short Exchange Traded Notes was 76.44%, occurring on Feb 20, 2025. The portfolio has not yet recovered.
The current DB Gold Short Exchange Traded Notes drawdown is 76.44%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -76.44% | Nov 13, 2008 | 4069 | Feb 20, 2025 | — | — | — |
| -18.12% | Sep 12, 2008 | 12 | Sep 29, 2008 | 17 | Oct 22, 2008 | 29 |
| -12.54% | May 2, 2008 | 49 | Jul 15, 2008 | 19 | Aug 11, 2008 | 68 |
| -5.98% | Apr 2, 2008 | 11 | Apr 16, 2008 | 6 | Apr 24, 2008 | 17 |
| -5.84% | Oct 24, 2008 | 8 | Nov 4, 2008 | 6 | Nov 12, 2008 | 14 |
Volatility
Volatility Chart
The current DB Gold Short Exchange Traded Notes volatility is 8.06%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.