DGP vs. CN

Last updated Apr 2, 2026

Compare and contrast key facts about DB Gold Double Long Exchange Traded Notes (DGP) and Xtrackers MSCI All China Equity ETF (CN).

DGP and CN 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. CN is a passively managed fund by Deutsche Bank that tracks the performance of the MSCI China All Shares. It was launched on Apr 30, 2014. Both DGP and CN 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. CN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DB Gold Double Long Exchange Traded Notes (DGP) and Xtrackers MSCI All China Equity ETF (CN). The values are adjusted to include any dividend payments, if applicable.

DGP vs. CN - 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%
CN Xtrackers MSCI All China Equity ETF	0.00%	0.00%	-3.10%	-11.87%	-23.85%	-12.74%	31.55%	26.79%	-22.41%	43.69%

Returns By Period

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%

CN

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DGP vs. CN - Expense Ratio Comparison

DGP has a 0.75% expense ratio, which is higher than CN's 0.50% expense ratio.

DGP

DB Gold Double Long Exchange Traded Notes

CN

Xtrackers MSCI All China Equity ETF

Return for Risk

DGP vs. CN — Risk / Return Rank

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

DGP

DGP Risk / Return Rank: 86
DGP Sharpe Ratio Rank: 89
DGP Sortino Ratio Rank: 85
DGP Omega Ratio Rank: 82
DGP Calmar Ratio Rank: 88
DGP Martin Ratio Rank: 88

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.

DGP vs. CN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DB Gold Double Long Exchange Traded Notes (DGP) and Xtrackers MSCI All China Equity ETF (CN). 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	CN	Difference
Sharpe ratio Return per unit of total volatility	1.95	—	—
Sortino ratio Return per unit of downside risk	2.32	—	—
Omega ratio Gain probability vs. loss probability	1.33	—	—
Calmar ratio Return relative to maximum drawdown	2.92	—	—
Martin ratio Return relative to average drawdown	11.08	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	DGP	CN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.95	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.02	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	—	—

Correlation

The correlation between DGP and CN is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

DGP vs. CN - Dividend Comparison

Neither DGP nor CN has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGP DB Gold Double Long Exchange Traded Notes	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CN Xtrackers MSCI All China Equity ETF	0.00%	0.00%	0.00%	4.04%	1.80%	2.00%	0.78%	4.18%	2.09%	0.81%	11.41%	14.00%

Drawdowns

Drawdown Indicators

	DGP	CN	Difference
Max Drawdown Largest peak-to-trough decline	-75.31%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-36.58%	—	—
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	-22.22%	—	—
Average Drawdown Average peak-to-trough decline	-41.24%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	9.64%	—	—

Volatility

Volatility by Period

	DGP	CN	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.21%	—	—
Volatility (6M) Calculated over the trailing 6-month period	48.07%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	55.32%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.34%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.93%	—	—