DGP vs. EASG
DGP (DB Gold Double Long Exchange Traded Notes) and EASG (Xtrackers MSCI EAFE ESG Leaders Equity ETF) are both exchange-traded funds - DGP is a Leveraged Commodities fund tracking the Deutsche Bank Liquid Commodity Index-Optimum Yield Gold (200%), while EASG is a Foreign Large Cap Equities fund tracking the MSCI EAFE ESG Leaders Index. Both are passively managed. Over the past 5 years, DGP returned 30.49%/yr vs 6.85%/yr for EASG. At a 0.21 correlation, their price movements are largely independent. DGP charges 0.75%/yr vs 0.14%/yr for EASG.
Performance
DGP vs. EASG - Performance Comparison
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Returns By Period
In the year-to-date period, DGP achieves a 1.01% return, which is significantly lower than EASG's 8.44% return.
DGP
- 1D
- -1.70%
- 1M
- -3.55%
- YTD
- 1.01%
- 6M
- 5.64%
- 1Y
- 57.52%
- 3Y*
- 57.85%
- 5Y*
- 30.49%
- 10Y*
- 20.46%
EASG
- 1D
- -0.48%
- 1M
- 4.33%
- YTD
- 8.44%
- 6M
- 10.51%
- 1Y
- 19.62%
- 3Y*
- 13.77%
- 5Y*
- 6.85%
- 10Y*
- —
DGP vs. EASG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DGP DB Gold Double Long Exchange Traded Notes | 1.01% | 141.40% | 53.16% | 16.97% | -5.54% | -11.29% | 45.29% | 32.27% | 6.99% |
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF | 8.44% | 25.19% | 2.26% | 18.80% | -16.94% | 11.36% | 10.73% | 23.66% | -5.41% |
Correlation
The correlation between DGP and EASG is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2018 | 0.21 |
The correlation between DGP and EASG shifts across timeframes, from 0.21 (all time) to 0.37 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DGP vs. EASG — Risk / Return Rank
DGP
EASG
DGP vs. EASG - 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 EAFE ESG Leaders Equity ETF (EASG). 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 | EASG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.23 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 1.68 | -0.10 |
| Martin ratioReturn relative to average drawdown | 4.05 | 6.20 | -2.15 |
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 | EASG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 1.27 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 0.41 | +0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.51 | -0.23 |
Drawdowns
DGP vs. EASG - Drawdown Comparison
The maximum DGP drawdown since its inception was -75.31%, which is greater than EASG's maximum drawdown of -32.06%. Use the drawdown chart below to compare losses from any high point for DGP and EASG.
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Drawdown Indicators
| DGP | EASG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.31% | -32.06% | -43.25% |
Max Drawdown (1Y)Largest decline over 1 year | -36.58% | -11.74% | -24.84% |
Max Drawdown (3Y)Largest decline over 3 years | -36.58% | -16.14% | -20.44% |
Max Drawdown (5Y)Largest decline over 5 years | -51.24% | -31.42% | -19.82% |
Max Drawdown (10Y)Largest decline over 10 years | -51.24% | — | — |
Current DrawdownCurrent decline from peak | -32.78% | -0.60% | -32.18% |
Average DrawdownAverage peak-to-trough decline | -41.09% | -6.19% | -34.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.24% | 3.17% | +11.07% |
Volatility
DGP vs. EASG - Volatility Comparison
DB Gold Double Long Exchange Traded Notes (DGP) has a higher volatility of 10.48% compared to Xtrackers MSCI EAFE ESG Leaders Equity ETF (EASG) at 4.83%. This indicates that DGP's price experiences larger fluctuations and is considered to be riskier than EASG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DGP | EASG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.48% | 4.83% | +5.65% |
Volatility (6M)Calculated over the trailing 6-month period | 46.34% | 12.54% | +33.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.47% | 15.55% | +36.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.77% | 16.64% | +22.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.04% | 18.35% | +16.69% |
DGP vs. EASG - Expense Ratio Comparison
DGP has a 0.75% expense ratio, which is higher than EASG's 0.14% expense ratio.
Dividends
DGP vs. EASG - Dividend Comparison
DGP has not paid dividends to shareholders, while EASG's dividend yield for the trailing twelve months is around 3.86%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF | 3.86% | 4.18% | 2.93% | 2.51% | 2.47% | 2.69% | 1.70% | 2.94% | 0.85% |
Frequently Asked Questions
DGP and EASG have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DGP has higher volatility (10.48%) compared to EASG (4.83%). In terms of maximum drawdown, DGP dropped -75.31% vs EASG's -32.06%.
On 5-year performance, DGP leads with 30.49% vs 6.85% for EASG. On fees, EASG is cheaper at 0.14% per year. On volatility, EASG has been the lower-risk option at 4.83%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DGP has performed better with a 30.49% return vs 6.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EASG is cheaper with a 0.14% expense ratio, compared with 0.75% for DGP.
EASG has the higher dividend yield at 3.86%, compared with 0.00% for DGP.
DGP is categorized as Leveraged Commodities, while EASG is Foreign Large Cap Equities. DGP tracks Deutsche Bank Liquid Commodity Index-Optimum Yield Gold (200%), while EASG tracks MSCI EAFE ESG Leaders Index. Their fees differ too: 0.75% for DGP and 0.14% for EASG.
EASG currently has the higher Sharpe Ratio (1.27 vs 1.10), 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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