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 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
DGZ vs. IAUM - Performance Comparison
Key characteristics
DGZ:
-0.88
IAUM:
2.46
DGZ:
-1.19
IAUM:
3.26
DGZ:
0.87
IAUM:
1.42
DGZ:
-0.31
IAUM:
5.08
DGZ:
-1.94
IAUM:
13.67
DGZ:
12.55%
IAUM:
3.01%
DGZ:
27.77%
IAUM:
16.77%
DGZ:
-79.19%
IAUM:
-20.87%
DGZ:
-78.79%
IAUM:
-5.56%
Returns By Period
In the year-to-date period, DGZ achieves a -16.51% return, which is significantly lower than IAUM's 23.23% return.
DGZ
-16.51%
-9.17%
-13.16%
-24.51%
-8.98%
-7.84%
IAUM
23.23%
6.54%
18.22%
40.40%
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 -79.19%, 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) and iShares Gold Trust Micro ETF of Benef Interest (IAUM) have volatilities of 8.96% and 8.71%, 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.