DGP vs. CPXR
DGP (DB Gold Double Long Exchange Traded Notes) and CPXR (USCF Daily Target 2X Copper Index ETF) are both exchange-traded funds - DGP is a Leveraged Commodities fund tracking the Deutsche Bank Liquid Commodity Index-Optimum Yield Gold (200%), while CPXR is a Copper fund tracking the SummerHaven Copper Index. Both are passively managed. Over the past year, DGP returned 28.29% vs 83.67% for CPXR. Their 0.45 correlation means their historical movements had little consistent relationship. DGP charges 0.75%/yr vs 1.20%/yr for CPXR.
Performance
DGP vs. CPXR - Performance Comparison
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Returns By Period
In the year-to-date period, DGP achieves a -18.18% return, which is significantly lower than CPXR's 20.21% return.
DGP
- 1D
- -2.82%
- 1M
- -3.42%
- 6M
- -34.21%
- YTD
- -18.18%
- 1Y
- 28.29%
- 3Y*
- 48.17%
- 5Y*
- 27.47%
- 10Y*
- 16.04%
- ALL TIME*
- 9.38%
CPXR
- 1D
- 1.31%
- 1M
- 11.94%
- 6M
- 12.04%
- YTD
- 20.21%
- 1Y
- 83.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 37.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $409.02K | $351.97K | $733.40K | |
| $15.23M | $15.11M | $28.98M |
DGP vs. CPXR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DGP DB Gold Double Long Exchange Traded Notes | -18.18% | 121.23% |
CPXR USCF Daily Target 2X Copper Index ETF | 20.21% | 35.65% |
Correlation
The correlation between DGP and CPXR is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2025 | 0.45 |
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Return for Risk
DGP vs. CPXR — Risk / Return Rank
DGP
CPXR
DGP vs. CPXR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DB Gold Double Long Exchange Traded Notes (DGP) and USCF Daily Target 2X Copper Index ETF (CPXR). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DGP | CPXR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.27 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.71 | 2.71 | -2.00 |
| Martin ratioReturn relative to average drawdown | 1.52 | 7.86 | -6.33 |
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Drawdowns
DGP vs. CPXR - Drawdown Comparison
The maximum DGP drawdown since its inception was -75.31%, which is greater than CPXR's maximum drawdown of -47.87%. Use the drawdown chart below to compare losses from any high point for DGP and CPXR.
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Drawdown Indicators
| DGP | CPXR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.31% | -47.87% | -27.44% |
Max Drawdown (1Y)Largest decline over 1 year | -47.59% | -31.64% | -15.95% |
Max Drawdown (3Y)Largest decline over 3 years | -47.59% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -51.24% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -51.24% | — | — |
Current DrawdownCurrent decline from peak | -45.56% | -6.19% | -39.37% |
Average DrawdownAverage peak-to-trough decline | -41.10% | -18.96% | -22.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.26% | 10.90% | +11.36% |
Volatility
DGP vs. CPXR - Volatility Comparison
DB Gold Double Long Exchange Traded Notes (DGP) and USCF Daily Target 2X Copper Index ETF (CPXR) have volatilities of 12.46% and 12.08%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DGP | CPXR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.46% | 12.08% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 47.60% | 42.09% | +5.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.74% | 56.10% | -0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.73% | 66.91% | -27.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.47% | 66.91% | -31.44% |
DGP vs. CPXR - Expense Ratio Comparison
DGP has a 0.75% expense ratio, which is lower than CPXR's 1.20% expense ratio.
Dividends
DGP vs. CPXR - Dividend Comparison
DGP has not paid dividends to shareholders, while CPXR's dividend yield for the trailing twelve months is around 0.58%.
| Position | TTM | 2025 |
|---|---|---|
CPXR USCF Daily Target 2X Copper Index ETF | 0.58% | 0.70% |
DGP DB Gold Double Long Exchange Traded Notes | 0.00% | 0.00% |
Frequently Asked Questions
DGP and CPXR have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DGP has higher volatility (12.46%) compared to CPXR (12.08%). In terms of maximum drawdown, DGP dropped -75.31% vs CPXR's -47.87%.
On 1-year performance, CPXR leads with 83.67% vs 28.29% for DGP. On fees, DGP is cheaper at 0.75% per year. On volatility, CPXR has been the lower-risk option at 12.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, CPXR has performed better with a 83.67% return vs 28.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DGP is cheaper with a 0.75% expense ratio, compared with 1.20% for CPXR.
CPXR has the higher dividend yield at 0.58%, compared with 0.00% for DGP.
DGP is categorized as Leveraged Commodities, while CPXR is Copper. DGP tracks Deutsche Bank Liquid Commodity Index-Optimum Yield Gold (200%), while CPXR tracks SummerHaven Copper Index. They also come from different issuers: Deutsche Bank and USCF. Their fees differ too: 0.75% for DGP and 1.20% for CPXR.
CPXR currently has the higher Sharpe Ratio (1.55 vs 0.61), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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