DGP vs. IAU
Compare and contrast key facts about DB Gold Double Long Exchange Traded Notes (DGP) and iShares Gold Trust (IAU).
DGP and IAU 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. IAU is a passively managed fund by iShares that tracks the performance of the Gold Bullion. It was launched on Jan 28, 2005. Both DGP and IAU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DGP or IAU.
Performance
DGP vs. IAU - Performance Comparison
Returns By Period
In the year-to-date period, DGP achieves a 57.18% return, which is significantly higher than IAU's 29.23% return. Over the past 10 years, DGP has outperformed IAU with an annualized return of 11.03%, while IAU has yielded a comparatively lower 8.15% annualized return.
DGP
57.18%
-5.91%
26.08%
66.10%
19.18%
11.03%
IAU
29.23%
-2.85%
14.45%
33.90%
12.65%
8.15%
Key characteristics
| DGP | IAU | |
|---|---|---|
| Sharpe Ratio | 2.21 | 2.25 |
| Sortino Ratio | 2.79 | 2.99 |
| Omega Ratio | 1.35 | 1.39 |
| Calmar Ratio | 1.48 | 4.10 |
| Martin Ratio | 12.66 | 13.22 |
| Ulcer Index | 5.15% | 2.52% |
| Daily Std Dev | 29.53% | 14.83% |
| Max Drawdown | -75.31% | -45.14% |
| Current Drawdown | -8.19% | -4.20% |
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DGP vs. IAU - Expense Ratio Comparison
DGP has a 0.75% expense ratio, which is higher than IAU's 0.25% expense ratio.
Correlation
The correlation between DGP and IAU is 0.96, 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.
Risk-Adjusted Performance
DGP vs. IAU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DB Gold Double Long Exchange Traded Notes (DGP) and iShares Gold Trust (IAU). 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.
Dividends
DGP vs. IAU - Dividend Comparison
Neither DGP nor IAU has paid dividends to shareholders.
Drawdowns
DGP vs. IAU - Drawdown Comparison
The maximum DGP drawdown since its inception was -75.31%, which is greater than IAU's maximum drawdown of -45.14%. Use the drawdown chart below to compare losses from any high point for DGP and IAU. For additional features, visit the drawdowns tool.
Volatility
DGP vs. IAU - Volatility Comparison
DB Gold Double Long Exchange Traded Notes (DGP) has a higher volatility of 11.56% compared to iShares Gold Trust (IAU) at 5.65%. This indicates that DGP's price experiences larger fluctuations and is considered to be riskier than IAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.