DGP vs. GLDW

Last updated Apr 2, 2026

Compare and contrast key facts about DB Gold Double Long Exchange Traded Notes (DGP) and Roundhill Gold WeeklyPay ETF (GLDW).

DGP and GLDW 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. GLDW is an actively managed fund by State Street. It was launched on Oct 30, 2025.

Performance

DGP vs. GLDW - Performance Comparison

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

DGP vs. GLDW - Yearly Performance Comparison

	2026 (YTD)	2025
DGP DB Gold Double Long Exchange Traded Notes	16.89%	12.47%
GLDW Roundhill Gold WeeklyPay ETF	10.77%	7.63%

Returns By Period

In the year-to-date period, DGP achieves a 16.89% return, which is significantly higher than GLDW's 10.77% 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%

GLDW

• 1D: 1.98%
• 1M: -13.44%
• YTD: 10.77%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DGP vs. GLDW - Expense Ratio Comparison

DGP has a 0.75% expense ratio, which is lower than GLDW's 0.99% expense ratio.

GLDW

Roundhill Gold WeeklyPay ETF

DGP

DB Gold Double Long Exchange Traded Notes

Return for Risk

DGP vs. GLDW — 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. GLDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DB Gold Double Long Exchange Traded Notes (DGP) and Roundhill Gold WeeklyPay ETF (GLDW). 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	GLDW	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	GLDW	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	1.30	-0.99

Correlation

The correlation between DGP and GLDW is 0.97, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

DGP vs. GLDW - Dividend Comparison

DGP has not paid dividends to shareholders, while GLDW's dividend yield for the trailing twelve months is around 11.88%.

	TTM	2025
DGP DB Gold Double Long Exchange Traded Notes	0.00%	0.00%
GLDW Roundhill Gold WeeklyPay ETF	11.88%	3.75%

Drawdowns

DGP vs. GLDW - Drawdown Comparison

The maximum DGP drawdown since its inception was -75.31%, which is greater than GLDW's maximum drawdown of -23.59%. Use the drawdown chart below to compare losses from any high point for DGP and GLDW.

Drawdown Indicators

	DGP	GLDW	Difference
Max Drawdown Largest peak-to-trough decline	-75.31%	-23.59%	-51.72%
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%	-15.01%	-7.21%
Average Drawdown Average peak-to-trough decline	-41.24%	-5.21%	-36.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.64%	—	—

Volatility

Volatility by Period

	DGP	GLDW	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%	41.16%	+14.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.34%	41.16%	-2.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.93%	41.16%	-6.23%