DGP vs. IAUM
Compare and contrast key facts about DB Gold Double Long Exchange Traded Notes (DGP) and iShares Gold Trust Micro ETF of Benef Interest (IAUM).
DGP and IAUM 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. IAUM is a passively managed fund by iShares that tracks the performance of the LBMA Gold Price PM ($/ozt). It was launched on Jun 15, 2021. Both DGP and IAUM 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 IAUM.
Performance
DGP vs. IAUM - Performance Comparison
Returns By Period
In the year-to-date period, DGP achieves a 57.18% return, which is significantly higher than IAUM's 29.37% return.
DGP
57.18%
-5.91%
26.08%
66.10%
19.18%
11.03%
IAUM
29.37%
-2.77%
14.57%
34.05%
N/A
N/A
Key characteristics
| DGP | IAUM | |
|---|---|---|
| Sharpe Ratio | 2.21 | 2.27 |
| Sortino Ratio | 2.79 | 3.03 |
| Omega Ratio | 1.35 | 1.39 |
| Calmar Ratio | 1.48 | 4.14 |
| Martin Ratio | 12.66 | 13.37 |
| Ulcer Index | 5.15% | 2.51% |
| Daily Std Dev | 29.53% | 14.74% |
| Max Drawdown | -75.31% | -20.87% |
| Current Drawdown | -8.19% | -4.17% |
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DGP vs. IAUM - Expense Ratio Comparison
DGP has a 0.75% expense ratio, which is higher than IAUM's 0.15% expense ratio.
Correlation
The correlation between DGP and IAUM 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. IAUM - 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 Micro ETF of Benef Interest (IAUM). 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. IAUM - Dividend Comparison
Neither DGP nor IAUM has paid dividends to shareholders.
Drawdowns
DGP vs. IAUM - Drawdown Comparison
The maximum DGP drawdown since its inception was -75.31%, which is greater than IAUM's maximum drawdown of -20.87%. Use the drawdown chart below to compare losses from any high point for DGP and IAUM. For additional features, visit the drawdowns tool.
Volatility
DGP vs. IAUM - Volatility Comparison
DB Gold Double Long Exchange Traded Notes (DGP) has a higher volatility of 11.56% compared to iShares Gold Trust Micro ETF of Benef Interest (IAUM) at 5.55%. This indicates that DGP's price experiences larger fluctuations and is considered to be riskier than IAUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.