DGP vs. USSG
DGP (DB Gold Double Long Exchange Traded Notes) and USSG (Xtrackers MSCI USA ESG Leaders Equity ETF) are both exchange-traded funds - DGP is a Leveraged Commodities fund tracking the Deutsche Bank Liquid Commodity Index-Optimum Yield Gold (200%), while USSG is a Large Cap Growth Equities fund tracking the MSCI USA ESG Leaders. Both are passively managed. Over the past 5 years, DGP returned 27.47%/yr vs 12.83%/yr for USSG. Their 0.09 correlation means their historical movements had little consistent relationship. DGP charges 0.75%/yr vs 0.10%/yr for USSG.
Performance
DGP vs. USSG - Performance Comparison
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Returns By Period
In the year-to-date period, DGP achieves a -18.18% return, which is significantly lower than USSG's 10.17% return.
DGP
- 1D
- -2.82%
- 1M
- -3.42%
- 6M
- -34.21%
- YTD
- -18.18%
- 1Y
- 28.29%
- 3Y*
- 48.17%
- 5Y*
- 27.47%
- 10Y*
- 16.04%
- ALL TIME*
- 9.38%
USSG
- 1D
- 1.43%
- 1M
- 0.61%
- 6M
- 8.54%
- YTD
- 10.17%
- 1Y
- 22.08%
- 3Y*
- 19.84%
- 5Y*
- 12.83%
- 10Y*
- —
- ALL TIME*
- 16.55%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $15.23M | $15.11M | $28.98M | |
| $1.08M | $988.13K | $836.63K |
DGP vs. USSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DGP DB Gold Double Long Exchange Traded Notes | -18.18% | 141.40% | 53.16% | 16.97% | -5.54% | -11.29% | 45.29% | 29.52% |
USSG Xtrackers MSCI USA ESG Leaders Equity ETF | 10.17% | 18.97% | 23.45% | 29.17% | -20.33% | 31.83% | 18.71% | 19.24% |
Correlation
The correlation between DGP and USSG is 0.32, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.32 |
Correlation (3Y) Balances recent behavior with more history. | 0.16 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.12 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2019 | 0.09 |
Over the past year, DGP and USSG have become more correlated (0.32) than their long-term average of 0.09, meaning their price movements have been converging.
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Return for Risk
DGP vs. USSG — Risk / Return Rank
DGP
USSG
DGP vs. USSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DB Gold Double Long Exchange Traded Notes (DGP) and Xtrackers MSCI USA ESG Leaders Equity ETF (USSG). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DGP | USSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.26 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.71 | 1.86 | -1.14 |
| Martin ratioReturn relative to average drawdown | 1.52 | 7.61 | -6.08 |
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Drawdowns
DGP vs. USSG - Drawdown Comparison
The maximum DGP drawdown since its inception was -75.31%, which is greater than USSG's maximum drawdown of -34.10%. Use the drawdown chart below to compare losses from any high point for DGP and USSG.
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Drawdown Indicators
| DGP | USSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.31% | -34.10% | -41.21% |
Max Drawdown (1Y)Largest decline over 1 year | -47.59% | -11.20% | -36.39% |
Max Drawdown (3Y)Largest decline over 3 years | -47.59% | -20.00% | -27.59% |
Max Drawdown (5Y)Largest decline over 5 years | -51.24% | -27.00% | -24.24% |
Max Drawdown (10Y)Largest decline over 10 years | -51.24% | — | — |
Current DrawdownCurrent decline from peak | -45.56% | -0.61% | -44.95% |
Average DrawdownAverage peak-to-trough decline | -41.10% | -5.51% | -35.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.26% | 2.73% | +19.53% |
Volatility
DGP vs. USSG - Volatility Comparison
DB Gold Double Long Exchange Traded Notes (DGP) has a higher volatility of 12.46% compared to Xtrackers MSCI USA ESG Leaders Equity ETF (USSG) at 4.01%. This indicates that DGP's price experiences larger fluctuations and is considered to be riskier than USSG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DGP | USSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.46% | 4.01% | +8.45% |
Volatility (6M)Calculated over the trailing 6-month period | 47.60% | 11.22% | +36.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.74% | 14.14% | +41.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.73% | 17.74% | +21.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.47% | 20.08% | +15.39% |
DGP vs. USSG - Expense Ratio Comparison
DGP has a 0.75% expense ratio, which is higher than USSG's 0.10% expense ratio.
Dividends
DGP vs. USSG - Dividend Comparison
DGP has not paid dividends to shareholders, while USSG's dividend yield for the trailing twelve months is around 0.98%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
DGP DB Gold Double Long Exchange Traded Notes | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USSG Xtrackers MSCI USA ESG Leaders Equity ETF | 0.98% | 1.02% | 1.13% | 1.60% | 1.52% | 1.13% | 1.42% | 1.21% |
Frequently Asked Questions
DGP and USSG have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DGP has higher volatility (12.46%) compared to USSG (4.01%). In terms of maximum drawdown, DGP dropped -75.31% vs USSG's -34.10%.
On 5-year performance, DGP leads with 27.47% vs 12.83% for USSG. On fees, USSG is cheaper at 0.10% per year. On volatility, USSG has been the lower-risk option at 4.01%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DGP has performed better with a 27.47% return vs 12.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USSG is cheaper with a 0.10% expense ratio, compared with 0.75% for DGP.
USSG has the higher dividend yield at 0.98%, compared with 0.00% for DGP.
DGP is categorized as Leveraged Commodities, while USSG is Large Cap Growth Equities. DGP tracks Deutsche Bank Liquid Commodity Index-Optimum Yield Gold (200%), while USSG tracks MSCI USA ESG Leaders. Their fees differ too: 0.75% for DGP and 0.10% for USSG.
USSG currently has the higher Sharpe Ratio (1.47 vs 0.61), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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