DGZ vs. IAUM
Compare and contrast key facts about DB Gold Short Exchange Traded Notes (DGZ) and iShares Gold Trust Micro ETF of Benef Interest (IAUM).
DGZ and IAUM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DGZ is a passively managed fund by Deutsche Bank that tracks the performance of the Deutsche Bank Liquid Commodity Index - Optimum Yield Gold Excess Return (-100%). It was launched on Feb 27, 2008. IAUM is a passively managed fund by iShares that tracks the performance of the LBMA Gold Price PM ($/ozt). It was launched on Jun 15, 2021. Both DGZ and IAUM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DGZ or IAUM.
Correlation
The correlation between DGZ and IAUM is -0.65. 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.
Performance
DGZ vs. IAUM - Performance Comparison
Key characteristics
DGZ:
-0.84
IAUM:
3.02
DGZ:
-1.14
IAUM:
3.79
DGZ:
0.87
IAUM:
1.51
DGZ:
-0.31
IAUM:
5.67
DGZ:
-1.60
IAUM:
15.52
DGZ:
14.97%
IAUM:
2.96%
DGZ:
28.72%
IAUM:
15.23%
DGZ:
-76.44%
IAUM:
-20.87%
DGZ:
-76.44%
IAUM:
0.00%
Returns By Period
In the year-to-date period, DGZ achieves a -7.23% return, which is significantly lower than IAUM's 12.00% return.
DGZ
-7.23%
-7.12%
-11.49%
-24.21%
-7.67%
-6.70%
IAUM
12.00%
7.13%
18.42%
45.10%
N/A
N/A
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DGZ vs. IAUM - Expense Ratio Comparison
DGZ has a 0.75% expense ratio, which is higher than IAUM's 0.15% expense ratio.
Risk-Adjusted Performance
DGZ vs. IAUM — Risk-Adjusted Performance Rank
DGZ
IAUM
DGZ vs. IAUM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DB Gold Short Exchange Traded Notes (DGZ) and iShares Gold Trust Micro ETF of Benef Interest (IAUM). 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.
Dividends
DGZ vs. IAUM - Dividend Comparison
Neither DGZ nor IAUM has paid dividends to shareholders.
Drawdowns
DGZ vs. IAUM - Drawdown Comparison
The maximum DGZ drawdown since its inception was -76.44%, which is greater than IAUM's maximum drawdown of -20.87%. Use the drawdown chart below to compare losses from any high point for DGZ and IAUM. For additional features, visit the drawdowns tool.
Volatility
DGZ vs. IAUM - Volatility Comparison
DB Gold Short Exchange Traded Notes (DGZ) has a higher volatility of 8.06% compared to iShares Gold Trust Micro ETF of Benef Interest (IAUM) at 3.66%. This indicates that DGZ's price experiences larger fluctuations and is considered to be riskier than IAUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.