GFI vs. DGP

Last updated Apr 2, 2026

Compare and contrast key facts about Gold Fields Limited (GFI) and DB Gold Double Long Exchange Traded Notes (DGP).

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.

Performance

GFI vs. DGP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gold Fields Limited (GFI) and DB Gold Double Long Exchange Traded Notes (DGP). The values are adjusted to include any dividend payments, if applicable.

GFI vs. DGP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GFI Gold Fields Limited	13.45%	240.42%	-6.27%	44.90%	-2.61%	23.33%	43.02%	89.47%	-16.75%	45.29%
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%

Returns By Period

In the year-to-date period, GFI achieves a 13.45% return, which is significantly lower than DGP's 16.89% return. Over the past 10 years, GFI has outperformed DGP with an annualized return of 31.70%, while DGP has yielded a comparatively lower 22.78% annualized return.

GFI

• 1D: 6.01%
• 1M: -14.48%
• YTD: 13.45%
• 6M: 18.67%
• 1Y: 119.94%
• 3Y*: 58.55%
• 5Y*: 41.26%
• 10Y*: 31.70%

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

GFI vs. DGP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GFI

GFI Risk / Return Rank: 87
GFI Sharpe Ratio Rank: 90
GFI Sortino Ratio Rank: 83
GFI Omega Ratio Rank: 83
GFI Calmar Ratio Rank: 89
GFI Martin Ratio Rank: 91

DGP

DGP Risk / Return Rank: 86
DGP Sharpe Ratio Rank: 89
DGP Sortino Ratio Rank: 85
DGP Omega Ratio Rank: 82
DGP Calmar Ratio Rank: 88
DGP Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GFI vs. DGP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gold Fields Limited (GFI) and DB Gold Double Long Exchange Traded Notes (DGP). 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.

	GFI	DGP	Difference
Sharpe ratio Return per unit of total volatility	1.98	1.95	+0.03
Sortino ratio Return per unit of downside risk	2.31	2.32	-0.01
Omega ratio Gain probability vs. loss probability	1.32	1.33	-0.01
Calmar ratio Return relative to maximum drawdown	3.66	2.92	+0.73
Martin ratio Return relative to average drawdown	11.55	11.08	+0.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GFI vs. DGP - Sharpe Ratio Comparison

The current GFI Sharpe Ratio is 1.98, which is comparable to the DGP Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of GFI and DGP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GFI	DGP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.98	1.95	+0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	1.02	-0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	0.65	-0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.31	-0.15

Correlation

The correlation between GFI and DGP is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

GFI vs. DGP - Dividend Comparison

GFI's dividend yield for the trailing twelve months is around 3.83%, while DGP has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GFI Gold Fields Limited	3.83%	1.77%	2.94%	2.87%	3.40%	3.24%	1.72%	0.81%	1.61%	1.41%	1.35%	0.60%
DGP DB Gold Double Long Exchange Traded Notes	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

GFI vs. DGP - Drawdown Comparison

The maximum GFI drawdown since its inception was -88.05%, which is greater than DGP's maximum drawdown of -75.31%. Use the drawdown chart below to compare losses from any high point for GFI and DGP.

Drawdown Indicators

	GFI	DGP	Difference
Max Drawdown Largest peak-to-trough decline	-88.05%	-75.31%	-12.74%
Max Drawdown (1Y) Largest decline over 1 year	-34.63%	-36.58%	+1.95%
Max Drawdown (5Y) Largest decline over 5 years	-56.22%	-51.24%	-4.98%
Max Drawdown (10Y) Largest decline over 10 years	-63.09%	-51.24%	-11.85%
Current Drawdown Current decline from peak	-19.47%	-22.22%	+2.75%
Average Drawdown Average peak-to-trough decline	-44.43%	-41.24%	-3.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.97%	9.64%	+1.33%

Volatility

GFI vs. DGP - Volatility Comparison

The current volatility for Gold Fields Limited (GFI) is 19.95%, while DB Gold Double Long Exchange Traded Notes (DGP) has a volatility of 24.21%. This indicates that GFI experiences smaller price fluctuations and is considered to be less risky than DGP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GFI	DGP	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.95%	24.21%	-4.26%
Volatility (6M) Calculated over the trailing 6-month period	48.31%	48.07%	+0.24%
Volatility (1Y) Calculated over the trailing 1-year period	61.00%	55.32%	+5.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.62%	38.34%	+13.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.33%	34.93%	+20.40%