DGP vs. ZSL
Compare and contrast key facts about DB Gold Double Long Exchange Traded Notes (DGP) and ProShares UltraShort Silver (ZSL).
DGP and ZSL 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. ZSL is a passively managed fund by ProShares that tracks the performance of the Bloomberg Silver (-200%). It was launched on Dec 1, 2008. Both DGP and ZSL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
DGP vs. ZSL - Performance Comparison
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DGP vs. ZSL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DGP DB Gold Double Long Exchange Traded Notes | 16.89% | 141.40% | 53.16% | 16.97% | -5.54% | -11.29% | 45.29% | 32.27% | -7.48% | 24.20% |
ZSL ProShares UltraShort Silver | -57.72% | -87.29% | -42.43% | -5.49% | -28.09% | -2.04% | -74.44% | -27.76% | 18.15% | -18.99% |
Returns By Period
In the year-to-date period, DGP achieves a 16.89% return, which is significantly higher than ZSL's -57.72% return. Over the past 10 years, DGP has outperformed ZSL with an annualized return of 22.78%, while ZSL has yielded a comparatively lower -44.57% annualized return.
DGP
- 1D
- 2.85%
- 1M
- -21.64%
- YTD
- 16.89%
- 6M
- 41.16%
- 1Y
- 107.27%
- 3Y*
- 64.55%
- 5Y*
- 39.08%
- 10Y*
- 22.78%
ZSL
- 1D
- 0.31%
- 1M
- 30.60%
- YTD
- -57.72%
- 6M
- -84.89%
- 1Y
- -92.48%
- 3Y*
- -68.79%
- 5Y*
- -53.83%
- 10Y*
- -44.57%
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DGP vs. ZSL - Expense Ratio Comparison
DGP has a 0.75% expense ratio, which is lower than ZSL's 1.32% expense ratio.
Return for Risk
DGP vs. ZSL — Risk / Return Rank
DGP
ZSL
DGP vs. ZSL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DB Gold Double Long Exchange Traded Notes (DGP) and ProShares UltraShort Silver (ZSL). 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 | ZSL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.95 | -0.80 | +2.75 |
Sortino ratioReturn per unit of downside risk | 2.32 | -2.53 | +4.85 |
Omega ratioGain probability vs. loss probability | 1.33 | 0.72 | +0.60 |
Calmar ratioReturn relative to maximum drawdown | 2.92 | -0.96 | +3.88 |
Martin ratioReturn relative to average drawdown | 11.08 | -1.44 | +12.52 |
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 | ZSL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.95 | -0.80 | +2.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.02 | -0.75 | +1.77 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | -0.70 | +1.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | -0.68 | +0.98 |
Correlation
The correlation between DGP and ZSL is -0.76. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
DGP vs. ZSL - Dividend Comparison
Neither DGP nor ZSL has paid dividends to shareholders.
Drawdowns
DGP vs. ZSL - Drawdown Comparison
The maximum DGP drawdown since its inception was -75.31%, smaller than the maximum ZSL drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for DGP and ZSL.
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Drawdown Indicators
| DGP | ZSL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.31% | -100.00% | +24.69% |
Max Drawdown (1Y)Largest decline over 1 year | -36.58% | -95.92% | +59.34% |
Max Drawdown (5Y)Largest decline over 5 years | -51.24% | -99.04% | +47.80% |
Max Drawdown (10Y)Largest decline over 10 years | -51.24% | -99.81% | +48.57% |
Current DrawdownCurrent decline from peak | -22.22% | -99.99% | +77.77% |
Average DrawdownAverage peak-to-trough decline | -41.24% | -96.35% | +55.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.64% | 64.00% | -54.36% |
Volatility
DGP vs. ZSL - Volatility Comparison
The current volatility for DB Gold Double Long Exchange Traded Notes (DGP) is 24.21%, while ProShares UltraShort Silver (ZSL) has a volatility of 33.81%. This indicates that DGP experiences smaller price fluctuations and is considered to be less risky than ZSL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DGP | ZSL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.21% | 33.81% | -9.60% |
Volatility (6M)Calculated over the trailing 6-month period | 48.07% | 104.14% | -56.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.32% | 116.32% | -61.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.34% | 72.40% | -34.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.93% | 64.22% | -29.29% |