DGP vs. AUCP.L
Compare and contrast key facts about DB Gold Double Long Exchange Traded Notes (DGP) and L&G Gold Mining UCITS ETF (AUCP.L).
DGP and AUCP.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DGP is a passively managed fund by Deutsche Bank that tracks the performance of the Deutsche Bank Liquid Commodity Index-Optimum Yield Gold (200%). It was launched on Feb 27, 2008. AUCP.L is a passively managed fund by LGIM Managers (Europe) Limited that tracks the performance of the EMIX Global Mining Global Gold TR USD. It was launched on Sep 11, 2008. Both DGP and AUCP.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
DGP vs. AUCP.L - Performance Comparison
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DGP vs. AUCP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DGP DB Gold Double Long Exchange Traded Notes | 16.89% | 141.40% | 53.16% | 16.97% | -5.54% | -11.29% | 45.29% | 32.27% | -7.48% | 24.20% |
AUCP.L L&G Gold Mining UCITS ETF | 12.41% | 181.76% | 18.19% | 14.43% | -14.30% | -9.74% | 21.20% | 45.13% | -10.97% | 10.14% |
Different Trading Currencies
DGP is traded in USD, while AUCP.L is traded in GBp. To make them comparable, the AUCP.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, DGP achieves a 16.89% return, which is significantly higher than AUCP.L's 12.41% return. Over the past 10 years, DGP has outperformed AUCP.L with an annualized return of 22.78%, while AUCP.L has yielded a comparatively lower 19.79% annualized return.
DGP
- 1D
- 2.85%
- 1M
- -21.64%
- YTD
- 16.89%
- 6M
- 41.16%
- 1Y
- 107.27%
- 3Y*
- 64.55%
- 5Y*
- 39.08%
- 10Y*
- 22.78%
AUCP.L
- 1D
- 8.06%
- 1M
- -14.74%
- YTD
- 12.41%
- 6M
- 27.16%
- 1Y
- 117.55%
- 3Y*
- 55.94%
- 5Y*
- 28.73%
- 10Y*
- 19.79%
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DGP vs. AUCP.L - Expense Ratio Comparison
DGP has a 0.75% expense ratio, which is higher than AUCP.L's 0.65% expense ratio.
Return for Risk
DGP vs. AUCP.L — Risk / Return Rank
DGP
AUCP.L
DGP vs. AUCP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DB Gold Double Long Exchange Traded Notes (DGP) and L&G Gold Mining UCITS ETF (AUCP.L). 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.
| DGP | AUCP.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.95 | 2.45 | -0.50 |
Sortino ratioReturn per unit of downside risk | 2.32 | 2.75 | -0.43 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.36 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 2.92 | 3.92 | -1.00 |
Martin ratioReturn relative to average drawdown | 11.08 | 13.53 | -2.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DGP | AUCP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.95 | 2.45 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.02 | 0.75 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.54 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.26 | +0.05 |
Correlation
The correlation between DGP and AUCP.L is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
DGP vs. AUCP.L - Dividend Comparison
Neither DGP nor AUCP.L has paid dividends to shareholders.
Drawdowns
DGP vs. AUCP.L - Drawdown Comparison
The maximum DGP drawdown since its inception was -75.31%, roughly equal to the maximum AUCP.L drawdown of -78.31%. Use the drawdown chart below to compare losses from any high point for DGP and AUCP.L.
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Drawdown Indicators
| DGP | AUCP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.31% | -77.57% | +2.26% |
Max Drawdown (1Y)Largest decline over 1 year | -36.58% | -29.56% | -7.02% |
Max Drawdown (5Y)Largest decline over 5 years | -51.24% | -39.38% | -11.86% |
Max Drawdown (10Y)Largest decline over 10 years | -51.24% | -45.72% | -5.52% |
Current DrawdownCurrent decline from peak | -22.22% | -15.00% | -7.22% |
Average DrawdownAverage peak-to-trough decline | -41.24% | -35.89% | -5.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.64% | 8.33% | +1.31% |
Volatility
DGP vs. AUCP.L - Volatility Comparison
DB Gold Double Long Exchange Traded Notes (DGP) has a higher volatility of 24.21% compared to L&G Gold Mining UCITS ETF (AUCP.L) at 18.36%. This indicates that DGP's price experiences larger fluctuations and is considered to be riskier than AUCP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DGP | AUCP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.21% | 18.36% | +5.85% |
Volatility (6M)Calculated over the trailing 6-month period | 48.07% | 38.04% | +10.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.32% | 47.67% | +7.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.34% | 38.28% | +0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.93% | 36.40% | -1.47% |