AUAU vs. DGP

Last updated Jun 6, 2026

AUAU (Global X Gold Miners ETF) and DGP (DB Gold Double Long Exchange Traded Notes) are both exchange-traded funds - AUAU is a Gold fund tracking the NYSE Arca Gold Miners Index, while DGP is a Leveraged Commodities fund tracking the Deutsche Bank Liquid Commodity Index-Optimum Yield Gold (200%). Both are passively managed. A 0.80 correlation means they provide meaningful diversification when combined. AUAU charges 0.35%/yr vs 0.75%/yr for DGP.

Performance

AUAU vs. DGP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Gold Miners ETF (AUAU) and DB Gold Double Long Exchange Traded Notes (DGP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AUAU achieves a -6.86% return, which is significantly lower than DGP's -5.29% return.

AUAU

• 1D: -8.34%
• 1M: -14.13%
• YTD: -6.86%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DGP

• 1D: -7.47%
• 1M: -16.05%
• YTD: -5.29%
• 6M: -0.28%
• 1Y: 47.81%
• 3Y*: 53.64%
• 5Y*: 28.82%
• 10Y*: 19.87%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AUAU vs. DGP - Yearly Performance Comparison

	2026 (YTD)	2025
AUAU Global X Gold Miners ETF	-6.86%	4.18%
DGP DB Gold Double Long Exchange Traded Notes	-5.29%	2.68%

Correlation

The correlation between AUAU and DGP is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025	0.80

Return for Risk

AUAU vs. DGP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DGP

DGP Risk / Return Rank: 27
DGP Sharpe Ratio Rank: 27
DGP Sortino Ratio Rank: 27
DGP Omega Ratio Rank: 31
DGP Calmar Ratio Rank: 28
DGP Martin Ratio Rank: 25

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AUAU vs. DGP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Gold Miners ETF (AUAU) and DB Gold Double Long Exchange Traded Notes (DGP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	AUAU	DGP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.91	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.74	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.57	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.12	0.27	-0.39

Drawdowns

AUAU vs. DGP - Drawdown Comparison

The maximum AUAU drawdown since its inception was -31.20%, smaller than the maximum DGP drawdown of -75.31%. Use the drawdown chart below to compare losses from any high point for AUAU and DGP.

Drawdown Indicators

	AUAU	DGP	Difference
Max Drawdown Largest peak-to-trough decline	-31.20%	-75.31%	+44.11%
Max Drawdown (1Y) Largest decline over 1 year	—	-36.98%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-36.98%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-51.24%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-51.24%	—
Current Drawdown Current decline from peak	-31.20%	-36.98%	+5.78%
Average Drawdown Average peak-to-trough decline	-12.89%	-41.09%	+28.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	14.57%	—

Volatility

Volatility by Period

	AUAU	DGP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.01%	—
Volatility (6M) Calculated over the trailing 6-month period	—	46.99%	—
Volatility (1Y) Calculated over the trailing 1-year period	51.93%	53.01%	-1.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.93%	38.90%	+13.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.93%	35.11%	+16.82%

AUAU vs. DGP - Expense Ratio Comparison

AUAU has a 0.35% expense ratio, which is lower than DGP's 0.75% expense ratio.

Dividends

AUAU vs. DGP - Dividend Comparison

Neither AUAU nor DGP has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AUAU and DGP in my portfolio?

AUAU and DGP have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AUAU or DGP?

On fees, AUAU is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AUAU or DGP?

AUAU is cheaper with a 0.35% expense ratio, compared with 0.75% for DGP.

Which ETF pays a higher dividend yield, AUAU or DGP?

AUAU and DGP have nearly identical dividend yields, around 0.00%.

What is the main difference between AUAU and DGP?

AUAU is categorized as Gold, while DGP is Leveraged Commodities. AUAU tracks NYSE Arca Gold Miners Index, while DGP tracks Deutsche Bank Liquid Commodity Index-Optimum Yield Gold (200%). They also come from different issuers: Global X and Deutsche Bank. Their fees differ too: 0.35% for AUAU and 0.75% for DGP.