DGP vs. WPM
DGP (DB Gold Double Long Exchange Traded Notes) is Leveraged Commodities fund tracking the Deutsche Bank Liquid Commodity Index-Optimum Yield Gold (200%), while WPM (Wheaton Precious Metals Corp.) is a stock. Over the past 10 years, DGP returned 16.04%/yr vs 15.55%/yr for WPM. Their 0.65 correlation means they have sometimes moved together and sometimes differently.
Performance
DGP vs. WPM - 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 WPM's -6.94% return. Both investments have delivered pretty close results over the past 10 years, with DGP having a 16.04% annualized return and WPM not far behind at 15.55%.
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%
WPM
- 1D
- -3.84%
- 1M
- -5.79%
- 6M
- -17.07%
- YTD
- -6.94%
- 1Y
- 19.15%
- 3Y*
- 36.80%
- 5Y*
- 20.12%
- 10Y*
- 15.55%
- ALL TIME*
- 24.12%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $15.23M | $15.11M | $28.98M | |
| $176.53M | $177.75M | $238.45M |
DGP vs. WPM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DGP DB Gold Double Long Exchange Traded Notes | -18.18% | 141.40% | 53.16% | 16.97% | -5.54% | -11.29% | 45.29% | 32.27% | -7.48% | 24.20% |
WPM Wheaton Precious Metals Corp. | -6.94% | 110.52% | 15.24% | 27.91% | -7.53% | 4.22% | 41.82% | 54.62% | -10.04% | 16.41% |
Correlation
The correlation between DGP and WPM is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.76 |
Correlation (3Y) Balances recent behavior with more history. | 0.73 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.71 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.65 |
The correlation between DGP and WPM shifts across timeframes, from 0.65 (all time) to 0.76 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DGP vs. WPM — Risk / Return Rank
DGP
WPM
DGP vs. WPM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DB Gold Double Long Exchange Traded Notes (DGP) and Wheaton Precious Metals Corp. (WPM). 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 | WPM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.11 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.71 | 0.54 | +0.18 |
| Martin ratioReturn relative to average drawdown | 1.52 | 1.19 | +0.34 |
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Drawdowns
DGP vs. WPM - Drawdown Comparison
The maximum DGP drawdown since its inception was -75.31%, which is greater than WPM's maximum drawdown of -48.64%. Use the drawdown chart below to compare losses from any high point for DGP and WPM.
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Drawdown Indicators
| DGP | WPM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.31% | -48.64% | -26.67% |
Max Drawdown (1Y)Largest decline over 1 year | -47.59% | -37.38% | -10.21% |
Max Drawdown (3Y)Largest decline over 3 years | -47.59% | -37.38% | -10.21% |
Max Drawdown (5Y)Largest decline over 5 years | -51.24% | -43.29% | -7.95% |
Max Drawdown (10Y)Largest decline over 10 years | -51.24% | -48.64% | -2.60% |
Current DrawdownCurrent decline from peak | -45.56% | -34.01% | -11.55% |
Average DrawdownAverage peak-to-trough decline | -41.10% | -19.03% | -22.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.26% | 16.81% | +5.45% |
Volatility
DGP vs. WPM - Volatility Comparison
DB Gold Double Long Exchange Traded Notes (DGP) and Wheaton Precious Metals Corp. (WPM) have volatilities of 12.46% and 12.22%, 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.
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Volatility by Period
| DGP | WPM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.46% | 12.22% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 47.60% | 39.66% | +7.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.74% | 47.09% | +8.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.73% | 35.92% | +3.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.47% | 36.82% | -1.35% |
Dividends
DGP vs. WPM - Dividend Comparison
DGP has not paid dividends to shareholders, while WPM's dividend yield for the trailing twelve months is around 0.66%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
WPM Wheaton Precious Metals Corp. | 0.66% | 0.56% | 1.10% | 1.22% | 1.54% | 1.33% | 1.01% | 1.21% | 1.84% | 1.49% | 1.09% |
Frequently Asked Questions
DGP and WPM have a correlation of 0.76, 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 WPM (12.22%). In terms of maximum drawdown, DGP dropped -75.31% vs WPM's -48.64%.
DGP currently has the higher Sharpe Ratio (0.61 vs 0.42), 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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