MIDE vs. DGP
MIDE (Xtrackers S&P MidCap 400 ESG ETF) and DGP (DB Gold Double Long Exchange Traded Notes) are both exchange-traded funds - MIDE is a Mid Cap Blend Equities fund tracking the S&P MidCap 400 ESG Index, 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, MIDE returned 8.31%/yr vs 30.49%/yr for DGP. At a 0.14 correlation, their price movements are largely independent. MIDE charges 0.15%/yr vs 0.75%/yr for DGP.
Performance
MIDE vs. DGP - Performance Comparison
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Returns By Period
In the year-to-date period, MIDE achieves a 14.45% return, which is significantly higher than DGP's 1.01% return.
MIDE
- 1D
- -0.04%
- 1M
- 5.36%
- YTD
- 14.45%
- 6M
- 14.97%
- 1Y
- 28.35%
- 3Y*
- 16.42%
- 5Y*
- 8.31%
- 10Y*
- —
DGP
- 1D
- -1.70%
- 1M
- -3.55%
- YTD
- 1.01%
- 6M
- 5.64%
- 1Y
- 57.52%
- 3Y*
- 57.85%
- 5Y*
- 30.49%
- 10Y*
- 20.46%
MIDE vs. DGP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MIDE Xtrackers S&P MidCap 400 ESG ETF | 14.45% | 9.81% | 11.21% | 15.20% | -11.63% | 11.77% |
DGP DB Gold Double Long Exchange Traded Notes | 1.01% | 141.40% | 53.16% | 16.97% | -5.54% | -0.34% |
Correlation
The correlation between MIDE and DGP is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2021 | 0.14 |
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Return for Risk
MIDE vs. DGP — Risk / Return Rank
MIDE
DGP
MIDE vs. DGP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P MidCap 400 ESG ETF (MIDE) 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.
| MIDE | DGP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.70 | ||
| Sortino ratioReturn per unit of downside risk | +1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.23 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.04 | 1.58 | +1.46 |
| Martin ratioReturn relative to average drawdown | 10.84 | 4.05 | +6.79 |
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
| MIDE | DGP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.80 | 1.10 | +0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.79 | -0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.28 | +0.19 |
Drawdowns
MIDE vs. DGP - Drawdown Comparison
The maximum MIDE drawdown since its inception was -24.59%, smaller than the maximum DGP drawdown of -75.31%. Use the drawdown chart below to compare losses from any high point for MIDE and DGP.
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Drawdown Indicators
| MIDE | DGP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.59% | -75.31% | +50.72% |
Max Drawdown (1Y)Largest decline over 1 year | -9.36% | -36.58% | +27.22% |
Max Drawdown (3Y)Largest decline over 3 years | -24.59% | -36.58% | +11.99% |
Max Drawdown (5Y)Largest decline over 5 years | -24.59% | -51.24% | +26.65% |
Max Drawdown (10Y)Largest decline over 10 years | — | -51.24% | — |
Current DrawdownCurrent decline from peak | -0.04% | -32.78% | +32.74% |
Average DrawdownAverage peak-to-trough decline | -6.50% | -41.09% | +34.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.62% | 14.24% | -11.62% |
Volatility
MIDE vs. DGP - Volatility Comparison
The current volatility for Xtrackers S&P MidCap 400 ESG ETF (MIDE) is 4.59%, while DB Gold Double Long Exchange Traded Notes (DGP) has a volatility of 10.48%. This indicates that MIDE 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
| MIDE | DGP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.59% | 10.48% | -5.89% |
Volatility (6M)Calculated over the trailing 6-month period | 11.41% | 46.34% | -34.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.86% | 52.47% | -36.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.71% | 38.77% | -19.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.67% | 35.04% | -15.37% |
MIDE vs. DGP - Expense Ratio Comparison
MIDE has a 0.15% expense ratio, which is lower than DGP's 0.75% expense ratio.
Dividends
MIDE vs. DGP - Dividend Comparison
MIDE's dividend yield for the trailing twelve months is around 1.31%, while DGP has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
DGP DB Gold Double Long Exchange Traded Notes | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MIDE Xtrackers S&P MidCap 400 ESG ETF | 1.31% | 1.52% | 1.45% | 1.36% | 1.33% | 0.93% |
Frequently Asked Questions
MIDE and DGP have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DGP has higher volatility (10.48%) compared to MIDE (4.59%). In terms of maximum drawdown, MIDE dropped -24.59% vs DGP's -75.31%.
On 5-year performance, DGP leads with 30.49% vs 8.31% for MIDE. On fees, MIDE is cheaper at 0.15% per year. On volatility, MIDE has been the lower-risk option at 4.59%. 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 30.49% return vs 8.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MIDE is cheaper with a 0.15% expense ratio, compared with 0.75% for DGP.
MIDE has the higher dividend yield at 1.31%, compared with 0.00% for DGP.
MIDE is categorized as Mid Cap Blend Equities, while DGP is Leveraged Commodities. MIDE tracks S&P MidCap 400 ESG Index, while DGP tracks Deutsche Bank Liquid Commodity Index-Optimum Yield Gold (200%). Their fees differ too: 0.15% for MIDE and 0.75% for DGP.
MIDE currently has the higher Sharpe Ratio (1.80 vs 1.10), 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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