PLTM vs. DGZ
PLTM (GraniteShares Platinum Trust) and DGZ (DB Gold Short Exchange Traded Notes) are both exchange-traded funds - PLTM is a Precious Metals fund tracking the Platinum London PM Fix ($/ozt), while DGZ is a Inverse Commodities fund tracking the Deutsche Bank Liquid Commodity Index - Optimum Yield Gold Excess Return (-100%). Both are passively managed. Over the past 5 years, PLTM returned 6.66%/yr vs -9.77%/yr for DGZ. At a correlation of -0.35, they often move in opposite directions. PLTM charges 0.50%/yr vs 0.75%/yr for DGZ.
Performance
PLTM vs. DGZ - Performance Comparison
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Returns By Period
In the year-to-date period, PLTM achieves a -22.06% return, which is significantly lower than DGZ's 7.37% return.
PLTM
- 1D
- -1.56%
- 1M
- -6.47%
- 6M
- -31.69%
- YTD
- -22.06%
- 1Y
- 13.57%
- 3Y*
- 17.44%
- 5Y*
- 6.66%
- 10Y*
- —
DGZ
- 1D
- 1.32%
- 1M
- 6.28%
- 6M
- 12.88%
- YTD
- 7.37%
- 1Y
- -11.14%
- 3Y*
- -15.55%
- 5Y*
- -9.77%
- 10Y*
- -7.63%
PLTM vs. DGZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PLTM GraniteShares Platinum Trust | -22.06% | 124.46% | -8.91% | -8.10% | 10.83% | -10.52% | 10.87% | 20.76% | -20.92% |
DGZ DB Gold Short Exchange Traded Notes | 7.37% | -32.55% | -16.46% | -4.75% | 4.93% | 1.53% | -20.80% | -13.42% | 6.29% |
Correlation
The correlation between PLTM and DGZ is -0.26, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.33 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2018 | -0.35 |
The correlation between PLTM and DGZ shifts across timeframes, from -0.35 (all time) to -0.25 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
PLTM vs. DGZ — Risk / Return Rank
PLTM
DGZ
PLTM vs. DGZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares Platinum Trust (PLTM) and DB Gold Short Exchange Traded Notes (DGZ). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PLTM | DGZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.04 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.31 | -0.31 | +0.62 |
| Martin ratioReturn relative to average drawdown | 0.66 | -0.55 | +1.21 |
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Drawdowns
PLTM vs. DGZ - Drawdown Comparison
The maximum PLTM drawdown since its inception was -44.07%, smaller than the maximum DGZ drawdown of -86.32%. Use the drawdown chart below to compare losses from any high point for PLTM and DGZ.
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Drawdown Indicators
| PLTM | DGZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.07% | -86.32% | +42.25% |
Max Drawdown (1Y)Largest decline over 1 year | -44.07% | -36.14% | -7.93% |
Max Drawdown (3Y)Largest decline over 3 years | -44.07% | -59.54% | +15.47% |
Max Drawdown (5Y)Largest decline over 5 years | -44.07% | -61.54% | +17.47% |
Max Drawdown (10Y)Largest decline over 10 years | — | -71.49% | — |
Current DrawdownCurrent decline from peak | -42.43% | -81.61% | +39.18% |
Average DrawdownAverage peak-to-trough decline | -18.80% | -57.86% | +39.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.72% | 20.16% | +0.56% |
Volatility
PLTM vs. DGZ - Volatility Comparison
The current volatility for GraniteShares Platinum Trust (PLTM) is 11.51%, while DB Gold Short Exchange Traded Notes (DGZ) has a volatility of 24.11%. This indicates that PLTM experiences smaller price fluctuations and is considered to be less risky than DGZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PLTM | DGZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.51% | 24.11% | -12.60% |
Volatility (6M)Calculated over the trailing 6-month period | 40.48% | 58.97% | -18.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.98% | 70.25% | -19.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.14% | 36.88% | -3.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.14% | 28.40% | +2.74% |
PLTM vs. DGZ - Expense Ratio Comparison
PLTM has a 0.50% expense ratio, which is lower than DGZ's 0.75% expense ratio.
Dividends
PLTM vs. DGZ - Dividend Comparison
Neither PLTM nor DGZ has paid dividends to shareholders.
Frequently Asked Questions
PLTM and DGZ 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.
DGZ has higher volatility (24.11%) compared to PLTM (11.51%). In terms of maximum drawdown, PLTM dropped -44.07% vs DGZ's -86.32%.
On 5-year performance, PLTM leads with 6.66% vs -9.77% for DGZ. On fees, PLTM is cheaper at 0.50% per year. On volatility, PLTM has been the lower-risk option at 11.51%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, PLTM has performed better with a 6.66% return vs -9.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PLTM is cheaper with a 0.50% expense ratio, compared with 0.75% for DGZ.
PLTM and DGZ have nearly identical dividend yields, around 0.00%.
PLTM is categorized as Precious Metals, while DGZ is Inverse Commodities. PLTM tracks Platinum London PM Fix ($/ozt), while DGZ tracks Deutsche Bank Liquid Commodity Index - Optimum Yield Gold Excess Return (-100%). They also come from different issuers: GraniteShares and Deutsche Bank. Their fees differ too: 0.50% for PLTM and 0.75% for DGZ.
PLTM currently has the higher Sharpe Ratio (0.27 vs -0.16), 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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