DGP vs. UGL
Compare and contrast key facts about DB Gold Double Long Exchange Traded Notes (DGP) and ProShares Ultra Gold (UGL).
DGP and UGL 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. UGL is a passively managed fund by ProShares that tracks the performance of the Gold bullion (200%). It was launched on Dec 1, 2008. Both DGP and UGL 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 UGL.
Key characteristics
| DGP | UGL | |
|---|---|---|
| YTD Return | 23.80% | 22.33% |
| 1Y Return | 24.02% | 21.47% |
| 3Y Return (Ann) | 12.28% | 10.39% |
| 5Y Return (Ann) | 18.81% | 16.35% |
| 10Y Return (Ann) | 6.37% | 5.07% |
| Sharpe Ratio | 1.00 | 0.93 |
| Daily Std Dev | 25.63% | 24.46% |
| Max Drawdown | -75.31% | -75.93% |
| Current Drawdown | -25.38% | -35.74% |
Correlation
The correlation between DGP and UGL 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.
Performance
DGP vs. UGL - Performance Comparison
In the year-to-date period, DGP achieves a 23.80% return, which is significantly higher than UGL's 22.33% return. Over the past 10 years, DGP has outperformed UGL with an annualized return of 6.37%, while UGL has yielded a comparatively lower 5.07% 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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DGP vs. UGL - Expense Ratio Comparison
DGP has a 0.75% expense ratio, which is lower than UGL's 0.95% expense ratio.
Risk-Adjusted Performance
DGP vs. UGL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DB Gold Double Long Exchange Traded Notes (DGP) and ProShares Ultra Gold (UGL). 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. UGL - Dividend Comparison
Neither DGP nor UGL has paid dividends to shareholders.
Drawdowns
DGP vs. UGL - Drawdown Comparison
The maximum DGP drawdown since its inception was -75.31%, roughly equal to the maximum UGL drawdown of -75.93%. Use the drawdown chart below to compare losses from any high point for DGP and UGL. For additional features, visit the drawdowns tool.
Volatility
DGP vs. UGL - Volatility Comparison
DB Gold Double Long Exchange Traded Notes (DGP) and ProShares Ultra Gold (UGL) have volatilities of 9.82% and 10.10%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.