KOKU vs. DGP
KOKU (Xtrackers MSCI Kokusai Equity ETF) and DGP (DB Gold Double Long Exchange Traded Notes) are both exchange-traded funds - KOKU is a Large Cap Growth Equities fund tracking the MSCI Kokusai Index (World ex Japan), while DGP is a Leveraged Commodities fund tracking the Deutsche Bank Liquid Commodity Index-Optimum Yield Gold (200%). Both are passively managed. Over the past 5 years, KOKU returned 11.69%/yr vs 28.82%/yr for DGP. At a 0.16 correlation, their price movements are largely independent. KOKU charges 0.09%/yr vs 0.75%/yr for DGP.
Performance
KOKU vs. DGP - Performance Comparison
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Returns By Period
In the year-to-date period, KOKU achieves a 7.33% return, which is significantly higher than DGP's -5.29% return.
KOKU
- 1D
- -2.72%
- 1M
- -0.32%
- YTD
- 7.33%
- 6M
- 7.81%
- 1Y
- 23.41%
- 3Y*
- 20.15%
- 5Y*
- 11.69%
- 10Y*
- —
DGP
- 1D
- -7.47%
- 1M
- -16.05%
- YTD
- -5.29%
- 6M
- -0.28%
- 1Y
- 47.81%
- 3Y*
- 53.64%
- 5Y*
- 28.82%
- 10Y*
- 19.87%
KOKU vs. DGP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
KOKU Xtrackers MSCI Kokusai Equity ETF | 7.33% | 21.45% | 19.45% | 24.23% | -17.83% | 23.84% | 40.42% |
DGP DB Gold Double Long Exchange Traded Notes | -5.29% | 141.40% | 53.16% | 16.97% | -5.54% | -11.29% | 23.42% |
Correlation
The correlation between KOKU and DGP is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Apr 9, 2020 | 0.16 |
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Return for Risk
KOKU vs. DGP — Risk / Return Rank
KOKU
DGP
KOKU vs. DGP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Kokusai Equity ETF (KOKU) 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.
| KOKU | DGP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.98 | ||
| Sortino ratioReturn per unit of downside risk | +1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.20 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | 1.30 | +1.30 |
| Martin ratioReturn relative to average drawdown | 11.67 | 3.29 | +8.38 |
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
| KOKU | DGP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | 0.91 | +0.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.74 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.57 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 0.27 | +0.80 |
Drawdowns
KOKU vs. DGP - Drawdown Comparison
The maximum KOKU drawdown since its inception was -25.77%, smaller than the maximum DGP drawdown of -75.31%. Use the drawdown chart below to compare losses from any high point for KOKU and DGP.
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Drawdown Indicators
| KOKU | DGP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.77% | -75.31% | +49.54% |
Max Drawdown (1Y)Largest decline over 1 year | -9.04% | -36.98% | +27.94% |
Max Drawdown (3Y)Largest decline over 3 years | -17.73% | -36.98% | +19.25% |
Max Drawdown (5Y)Largest decline over 5 years | -25.77% | -51.24% | +25.47% |
Max Drawdown (10Y)Largest decline over 10 years | — | -51.24% | — |
Current DrawdownCurrent decline from peak | -2.95% | -36.98% | +34.03% |
Average DrawdownAverage peak-to-trough decline | -4.82% | -41.09% | +36.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 14.57% | -12.56% |
Volatility
KOKU vs. DGP - Volatility Comparison
The current volatility for Xtrackers MSCI Kokusai Equity ETF (KOKU) is 4.06%, while DB Gold Double Long Exchange Traded Notes (DGP) has a volatility of 11.01%. This indicates that KOKU 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.
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Volatility by Period
| KOKU | DGP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 11.01% | -6.95% |
Volatility (6M)Calculated over the trailing 6-month period | 9.84% | 46.99% | -37.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.49% | 53.01% | -40.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.45% | 38.90% | -22.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.84% | 35.11% | -18.27% |
KOKU vs. DGP - Expense Ratio Comparison
KOKU has a 0.09% expense ratio, which is lower than DGP's 0.75% expense ratio.
Dividends
KOKU vs. DGP - Dividend Comparison
KOKU's dividend yield for the trailing twelve months is around 1.39%, while DGP has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
DGP DB Gold Double Long Exchange Traded Notes | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KOKU Xtrackers MSCI Kokusai Equity ETF | 1.39% | 1.48% | 1.63% | 1.76% | 1.98% | 1.89% | 0.55% |
Frequently Asked Questions
KOKU and DGP have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DGP has higher volatility (11.01%) compared to KOKU (4.06%). In terms of maximum drawdown, KOKU dropped -25.77% vs DGP's -75.31%.
On 5-year performance, DGP leads with 28.82% vs 11.69% for KOKU. On fees, KOKU is cheaper at 0.09% per year. On volatility, KOKU has been the lower-risk option at 4.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DGP has performed better with a 28.82% return vs 11.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KOKU is cheaper with a 0.09% expense ratio, compared with 0.75% for DGP.
KOKU has the higher dividend yield at 1.39%, compared with 0.00% for DGP.
KOKU is categorized as Large Cap Growth Equities, while DGP is Leveraged Commodities. KOKU tracks MSCI Kokusai Index (World ex Japan), while DGP tracks Deutsche Bank Liquid Commodity Index-Optimum Yield Gold (200%). Their fees differ too: 0.09% for KOKU and 0.75% for DGP.
KOKU currently has the higher Sharpe Ratio (1.89 vs 0.91), 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.
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