DGP vs. PAAS
Compare and contrast key facts about DB Gold Double Long Exchange Traded Notes (DGP) and Pan American Silver Corp. (PAAS).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DGP or PAAS.
Key characteristics
| DGP | PAAS | |
|---|---|---|
| YTD Return | 27.44% | 25.69% |
| 1Y Return | 24.50% | 25.18% |
| 3Y Return (Ann) | 10.66% | -11.10% |
| 5Y Return (Ann) | 19.47% | 15.39% |
| 10Y Return (Ann) | 6.84% | 6.12% |
| Sharpe Ratio | 1.01 | 0.63 |
| Daily Std Dev | 25.59% | 42.29% |
| Max Drawdown | -75.31% | -85.10% |
| Current Drawdown | -23.18% | -44.09% |
Correlation
The correlation between DGP and PAAS is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
DGP vs. PAAS - Performance Comparison
In the year-to-date period, DGP achieves a 27.44% return, which is significantly higher than PAAS's 25.69% return. Over the past 10 years, DGP has outperformed PAAS with an annualized return of 6.84%, while PAAS has yielded a comparatively lower 6.12% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
DGP vs. PAAS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DB Gold Double Long Exchange Traded Notes (DGP) and Pan American Silver Corp. (PAAS). 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. PAAS - Dividend Comparison
DGP has not paid dividends to shareholders, while PAAS's dividend yield for the trailing twelve months is around 1.47%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
PAAS Pan American Silver Corp. | 1.47% | 2.45% | 2.75% | 1.36% | 0.64% | 0.59% | 0.96% | 0.64% | 0.33% | 4.23% | 5.43% | 4.27% |
Drawdowns
DGP vs. PAAS - Drawdown Comparison
The maximum DGP drawdown since its inception was -75.31%, smaller than the maximum PAAS drawdown of -85.10%. Use the drawdown chart below to compare losses from any high point for DGP and PAAS. For additional features, visit the drawdowns tool.
Volatility
DGP vs. PAAS - Volatility Comparison
The current volatility for DB Gold Double Long Exchange Traded Notes (DGP) is 8.51%, while Pan American Silver Corp. (PAAS) has a volatility of 13.60%. This indicates that DGP experiences smaller price fluctuations and is considered to be less risky than PAAS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.