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DB Gold Short Exchange Traded Notes (DGZ) Alternatives

ETF · Currency in USD · Last updated Aug 2, 2026

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.

DB Gold Short Exchange Traded Notes (DGZ) belongs to the Inverse Commodities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with DGZ. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Other ETFs from Deutsche Bank

The 10 most viewed Deutsche Bank ETFs shown here include DGP, HDEF, SNPE and span 11 categories. AUM among these funds goes as high as $3B.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
DGP
DB Gold Double Long Exchange Traded NotesLeveraged Commodities, Gold, Precious Metals
27
-18.18%
228.65MFeb 2008DGZ vs DGP
HDEF
Xtrackers MSCI EAFE High Dividend Yield Equity ETFForeign Large Cap Equities, Dividend
83
12.33%
2.35BAug 2015DGZ vs HDEF
SNPE
Xtrackers S&P 500 ESG ETFS&P 500, ESG
74
10.37%
2.63BJun 2019DGZ vs SNPE
CN
Xtrackers MSCI All China Equity ETFChina Equities, Asia Pacific Equities——5.96MApr 2014DGZ vs CN
SHYL
Xtrackers Short Duration High Yield Bond ETFHigh Yield Bonds
71
1.40%
268.77MJan 2018DGZ vs SHYL
DBAW
Xtrackers MSCI All World ex US Hedged Equity ETFForeign Large Cap Equities
86
15.22%
291.43MJan 2014DGZ vs DBAW
HYUP
Xtrackers High Beta High Yield Bond ETFHigh Yield Bonds
53
1.73%
45.33MJan 2018DGZ vs HYUP
ASHS
Xtrackers Harvest CSI 500 China A-Shares Small Cap...China Equities, Asia Pacific Equities
48
5.42%
31.78MMay 2014DGZ vs ASHS
USSG
Xtrackers MSCI USA ESG Leaders Equity ETFLarge Cap Growth Equities
60
10.17%
560.95MMar 2019DGZ vs USSG
EASG
Xtrackers MSCI EAFE ESG Leaders Equity ETFForeign Large Cap Equities
59
11.08%
67.54MSep 2018DGZ vs EASG

Often Compared With DGZ

Investors most often compare DGZ with GLD, IAUM, GLL. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
GLD
SPDR Gold SharesGold, Precious Metals
30
-6.25%
130.32BNov 2004DGZ vs GLD
IAUM
iShares Gold Trust MicroGold, Precious Metals
31
-6.09%
6.34BJun 2021DGZ vs IAUM
GLL
ProShares UltraShort GoldLeveraged Commodities, Gold, Precious Metals
4
1.34%
124.20MDec 2008DGZ vs GLL
BAR
GraniteShares Gold TrustGold, Precious Metals
30
-6.21%
1.34BAug 2017DGZ vs BAR
SPY
State Street SPDR S&P 500 ETFS&P 500
67
10.13%
789.06BJan 1993DGZ vs SPY
SLV
iShares Silver TrustSilver, Precious Metals
36
-18.72%
28.08BApr 2006DGZ vs SLV
HYDW
Xtrackers Low Beta High Yield Bond ETFHigh Yield Bonds
76
1.37%
67.52MJan 2018DGZ vs HYDW
EDGH
3EDGE Dynamic Hard Assets ETFCommodities
60
8.52%
195.26MOct 2024DGZ vs EDGH
DBJP
Xtrackers MSCI Japan Hedged Equity ETFJapan Equities, Asia Pacific Equities
89
19.08%
674.46MJun 2011DGZ vs DBJP
GLDN
Nicholas Gold Income ETFGold, Derivative Income, Precious Metals——2.72MFeb 2026DGZ vs GLDN
DBP
Invesco DB Precious Metals FundPrecious Metals, Gold
29
-9.61%
204.16MJan 2007DGZ vs DBP
GLDI
UBS AG ETRACS Gold Shares Covered Call ETNs due Fe...Gold, Derivative Income, Options Trading, Precious Metals
29
-4.75%
166.76MJan 2013DGZ vs GLDI
GOEX
Global X Gold Explorers ETFGold, Precious Metals
44
-14.85%
104.44MNov 2010DGZ vs GOEX
GDE
WisdomTree Efficient Gold Plus Equity Strategy Fun...Gold, Precious Metals
41
-0.84%
433.45MMar 2022DGZ vs GDE
GLDM
SPDR Gold MiniShares TrustGold, Precious Metals
31
-6.13%
27.37BJun 2018DGZ vs GLDM
GLTR
abrdn Physical Precious Metals Basket Shares ETFPrecious Metals
30
-11.69%
2.43BOct 2010DGZ vs GLTR
SGDJ
Sprott Junior Gold Miners ETFGold, Precious Metals
48
-13.16%
272.75MMar 2015DGZ vs SGDJ
YGLD
Simplify Gold Strategy PLUS Income ETFGold, Leveraged Commodities, Precious Metals
17
-19.95%
34.39MDec 2024DGZ vs YGLD
GDX
VanEck Gold Miners ETFGold, Precious Metals
35
-13.61%
22.65BMay 2006DGZ vs GDX
IAU
iShares Gold TrustGold, Precious Metals
30
-6.16%
59.74BJan 2005DGZ vs IAU

Compare DGZ with Any Fund or Stock

Compare DGZ with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

 

Diversifiers

Pair DGZ with funds that move differently

DB Gold Short Exchange Traded Notes alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to DGZ.

Explore DGZ Diversifiers