DGZ vs. EASG
DGZ (DB Gold Short Exchange Traded Notes) and EASG (Xtrackers MSCI EAFE ESG Leaders Equity ETF) are both exchange-traded funds - DGZ is a Inverse Commodities fund tracking the Deutsche Bank Liquid Commodity Index - Optimum Yield Gold Excess Return (-100%), while EASG is a Foreign Large Cap Equities fund tracking the MSCI EAFE ESG Leaders Index. Both are passively managed. Over the past 5 years, DGZ returned -11.06%/yr vs 7.51%/yr for EASG. Their -0.12 correlation means they have often moved in opposite directions in the past. DGZ charges 0.75%/yr vs 0.14%/yr for EASG.
Performance
DGZ vs. EASG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DGZ achieves a 1.46% return, which is significantly lower than EASG's 11.08% return.
DGZ
- 1D
- -2.65%
- 1M
- -11.56%
- 6M
- 3.27%
- YTD
- 1.46%
- 1Y
- -15.73%
- 3Y*
- -17.39%
- 5Y*
- -11.06%
- 10Y*
- -7.90%
- ALL TIME*
- -7.69%
EASG
- 1D
- -0.71%
- 1M
- 0.27%
- 6M
- 5.95%
- YTD
- 11.08%
- 1Y
- 23.37%
- 3Y*
- 13.72%
- 5Y*
- 7.51%
- 10Y*
- —
- ALL TIME*
- 9.53%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $27.40K | $33.87K | $42.21K | |
| $107.99K | $79.19K | $91.05K |
DGZ vs. EASG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DGZ DB Gold Short Exchange Traded Notes | 1.46% | -32.55% | -16.46% | -4.75% | 4.93% | 1.53% | -20.80% | -13.42% | -2.83% |
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF | 11.08% | 25.19% | 2.26% | 18.80% | -16.94% | 11.36% | 10.73% | 23.66% | -5.41% |
Correlation
The correlation between DGZ and EASG is -0.14, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.14 |
Correlation (3Y) Balances recent behavior with more history. | -0.12 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.15 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2018 | -0.12 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DGZ vs. EASG — Risk / Return Rank
DGZ
EASG
DGZ vs. EASG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DB Gold Short Exchange Traded Notes (DGZ) and Xtrackers MSCI EAFE ESG Leaders Equity ETF (EASG). 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.
| DGZ | EASG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.68 | ||
| Sortino ratioReturn per unit of downside risk | -1.92 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.26 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | 1.97 | -2.46 |
| Martin ratioReturn relative to average drawdown | -0.86 | 7.39 | -8.25 |
Loading charts...
Drawdowns
DGZ vs. EASG - Drawdown Comparison
The maximum DGZ drawdown since its inception was -86.32%, which is greater than EASG's maximum drawdown of -32.06%. Use the drawdown chart below to compare losses from any high point for DGZ and EASG.
Loading charts...
Drawdown Indicators
| DGZ | EASG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.32% | -32.06% | -54.26% |
Max Drawdown (1Y)Largest decline over 1 year | -36.14% | -11.74% | -24.40% |
Max Drawdown (3Y)Largest decline over 3 years | -59.54% | -16.14% | -43.40% |
Max Drawdown (5Y)Largest decline over 5 years | -61.54% | -31.42% | -30.12% |
Max Drawdown (10Y)Largest decline over 10 years | -71.49% | — | — |
Current DrawdownCurrent decline from peak | -82.62% | -0.79% | -81.83% |
Average DrawdownAverage peak-to-trough decline | -57.94% | -6.09% | -51.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.58% | 3.12% | +17.46% |
Volatility
DGZ vs. EASG - Volatility Comparison
DB Gold Short Exchange Traded Notes (DGZ) has a higher volatility of 19.90% compared to Xtrackers MSCI EAFE ESG Leaders Equity ETF (EASG) at 4.39%. This indicates that DGZ's price experiences larger fluctuations and is considered to be riskier than EASG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DGZ | EASG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.90% | 4.39% | +15.51% |
Volatility (6M)Calculated over the trailing 6-month period | 60.03% | 13.55% | +46.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.95% | 16.16% | +55.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.59% | 16.78% | +20.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.84% | 18.32% | +10.52% |
DGZ vs. EASG - Expense Ratio Comparison
DGZ has a 0.75% expense ratio, which is higher than EASG's 0.14% expense ratio.
Dividends
DGZ vs. EASG - Dividend Comparison
DGZ has not paid dividends to shareholders, while EASG's dividend yield for the trailing twelve months is around 3.83%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DGZ DB Gold Short Exchange Traded Notes | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF | 3.83% | 4.18% | 2.93% | 2.51% | 2.47% | 2.69% | 1.70% | 2.94% | 0.85% |
Frequently Asked Questions
DGZ and EASG have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DGZ has higher volatility (19.90%) compared to EASG (4.39%). In terms of maximum drawdown, DGZ dropped -86.32% vs EASG's -32.06%.
On 5-year performance, EASG leads with 7.51% vs -11.06% for DGZ. On fees, EASG is cheaper at 0.14% per year. On volatility, EASG has been the lower-risk option at 4.39%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, EASG has performed better with a 7.51% return vs -11.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EASG is cheaper with a 0.14% expense ratio, compared with 0.75% for DGZ.
EASG has the higher dividend yield at 3.83%, compared with 0.00% for DGZ.
DGZ is categorized as Inverse Commodities, while EASG is Foreign Large Cap Equities. DGZ tracks Deutsche Bank Liquid Commodity Index - Optimum Yield Gold Excess Return (-100%), while EASG tracks MSCI EAFE ESG Leaders Index. Their fees differ too: 0.75% for DGZ and 0.14% for EASG.
EASG currently has the higher Sharpe Ratio (1.43 vs -0.25), 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.
Find the right allocation for DGZ and EASG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer