DGP vs. YGLD
DGP (DB Gold Double Long Exchange Traded Notes) and YGLD (Simplify Gold Strategy PLUS Income ETF) are both exchange-traded funds - DGP is a Leveraged Commodities fund tracking the Deutsche Bank Liquid Commodity Index-Optimum Yield Gold (200%), while YGLD is a Gold fund actively managed by Simplify. DGP is passively managed, while YGLD is actively managed. Over the past year, DGP returned 57.52% vs 23.02% for YGLD. Their correlation of 0.91 suggests significant overlap in exposure. DGP charges 0.75%/yr vs 0.50%/yr for YGLD.
Performance
DGP vs. YGLD - Performance Comparison
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Returns By Period
In the year-to-date period, DGP achieves a 1.01% return, which is significantly higher than YGLD's -7.24% return.
DGP
- 1D
- -1.70%
- 1M
- -3.55%
- YTD
- 1.01%
- 6M
- 5.64%
- 1Y
- 57.52%
- 3Y*
- 57.85%
- 5Y*
- 30.49%
- 10Y*
- 20.46%
YGLD
- 1D
- -1.34%
- 1M
- -2.29%
- YTD
- -7.24%
- 6M
- -7.14%
- 1Y
- 23.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DGP vs. YGLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DGP DB Gold Double Long Exchange Traded Notes | 1.01% | 141.40% | 0.07% |
YGLD Simplify Gold Strategy PLUS Income ETF | -7.24% | 96.82% | -4.17% |
Correlation
The correlation between DGP and YGLD is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024 | 0.91 |
The correlation between DGP and YGLD has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.
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Return for Risk
DGP vs. YGLD — Risk / Return Rank
DGP
YGLD
DGP vs. YGLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DB Gold Double Long Exchange Traded Notes (DGP) and Simplify Gold Strategy PLUS Income ETF (YGLD). 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.
| DGP | YGLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.14 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 0.68 | +0.90 |
| Martin ratioReturn relative to average drawdown | 4.05 | 1.55 | +2.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DGP | YGLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 0.57 | +0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 1.17 | -0.89 |
Drawdowns
DGP vs. YGLD - Drawdown Comparison
The maximum DGP drawdown since its inception was -75.31%, which is greater than YGLD's maximum drawdown of -34.23%. Use the drawdown chart below to compare losses from any high point for DGP and YGLD.
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Drawdown Indicators
| DGP | YGLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.31% | -34.23% | -41.08% |
Max Drawdown (1Y)Largest decline over 1 year | -36.58% | -34.23% | -2.35% |
Max Drawdown (3Y)Largest decline over 3 years | -36.58% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -51.24% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -51.24% | — | — |
Current DrawdownCurrent decline from peak | -32.78% | -33.06% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -41.09% | -7.91% | -33.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.24% | 14.86% | -0.62% |
Volatility
DGP vs. YGLD - Volatility Comparison
DB Gold Double Long Exchange Traded Notes (DGP) has a higher volatility of 10.48% compared to Simplify Gold Strategy PLUS Income ETF (YGLD) at 8.70%. This indicates that DGP's price experiences larger fluctuations and is considered to be riskier than YGLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DGP | YGLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.48% | 8.70% | +1.78% |
Volatility (6M)Calculated over the trailing 6-month period | 46.34% | 34.68% | +11.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.47% | 40.43% | +12.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.77% | 39.10% | -0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.04% | 39.10% | -4.06% |
DGP vs. YGLD - Expense Ratio Comparison
DGP has a 0.75% expense ratio, which is higher than YGLD's 0.50% expense ratio.
Dividends
DGP vs. YGLD - Dividend Comparison
DGP has not paid dividends to shareholders, while YGLD's dividend yield for the trailing twelve months is around 19.23%.
| Position | TTM | 2025 |
|---|---|---|
DGP DB Gold Double Long Exchange Traded Notes | 0.00% | 0.00% |
YGLD Simplify Gold Strategy PLUS Income ETF | 19.23% | 12.05% |
Frequently Asked Questions
With a correlation of 0.90, DGP and YGLD move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
DGP has higher volatility (10.48%) compared to YGLD (8.70%). In terms of maximum drawdown, DGP dropped -75.31% vs YGLD's -34.23%.
On 1-year performance, DGP leads with 57.52% vs 23.02% for YGLD. On fees, YGLD is cheaper at 0.50% per year. On volatility, YGLD has been the lower-risk option at 8.70%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DGP has performed better with a 57.52% return vs 23.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
YGLD is cheaper with a 0.50% expense ratio, compared with 0.75% for DGP.
YGLD has the higher dividend yield at 19.23%, compared with 0.00% for DGP.
DGP is categorized as Leveraged Commodities, while YGLD is Gold. They also come from different issuers: Deutsche Bank and Simplify. Their fees differ too: 0.75% for DGP and 0.50% for YGLD.
DGP currently has the higher Sharpe Ratio (1.10 vs 0.57), 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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