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 8.97%/yr vs -11.06%/yr for DGZ. Their -0.34 correlation means they have often moved in opposite directions in the past. PLTM charges 0.50%/yr vs 0.75%/yr for DGZ.
Performance
PLTM vs. DGZ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PLTM achieves a -19.56% return, which is significantly lower than DGZ's 1.46% return.
PLTM
- 1D
- -0.13%
- 1M
- 2.06%
- 6M
- -22.81%
- YTD
- -19.56%
- 1Y
- 24.86%
- 3Y*
- 20.37%
- 5Y*
- 8.97%
- 10Y*
- —
- ALL TIME*
- 5.60%
DGZ
- 1D
- -2.65%
- 1M
- -11.56%
- 6M
- 3.27%
- YTD
- 1.46%
- 1Y
- -15.73%
- 3Y*
- -17.39%
- 5Y*
- -11.06%
- 10Y*
- -7.90%
- ALL TIME*
- -7.69%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $27.40K | $33.87K | $42.21K | |
| $1.27M | $1.47M | $3.03M |
PLTM vs. DGZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PLTM GraniteShares Platinum Trust | -19.56% | 124.46% | -8.91% | -8.10% | 10.83% | -10.52% | 10.87% | 20.76% | -20.92% |
DGZ DB Gold Short Exchange Traded Notes | 1.46% | -32.55% | -16.46% | -4.75% | 4.93% | 1.53% | -20.80% | -13.42% | 6.29% |
Correlation
The correlation between PLTM and DGZ is -0.22, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.22 |
Correlation (3Y) Balances recent behavior with more history. | -0.23 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.31 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2018 | -0.34 |
The correlation between PLTM and DGZ shifts across timeframes, from -0.34 (all time) to -0.22 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.02 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | -0.49 | +1.11 |
| Martin ratioReturn relative to average drawdown | 1.20 | -0.86 | +2.06 |
Loading charts...
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.
Loading charts...
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 | -40.58% | -82.62% | +42.04% |
Average DrawdownAverage peak-to-trough decline | -18.95% | -57.94% | +38.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.75% | 20.58% | +2.17% |
Volatility
PLTM vs. DGZ - Volatility Comparison
The current volatility for GraniteShares Platinum Trust (PLTM) is 9.19%, while DB Gold Short Exchange Traded Notes (DGZ) has a volatility of 19.90%. 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.
Loading charts...
Volatility by Period
| PLTM | DGZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.19% | 19.90% | -10.71% |
Volatility (6M)Calculated over the trailing 6-month period | 38.75% | 60.03% | -21.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.54% | 71.95% | -21.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.15% | 37.59% | -4.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.14% | 28.84% | +2.30% |
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 -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DGZ has higher volatility (19.90%) compared to PLTM (9.19%). In terms of maximum drawdown, PLTM dropped -44.07% vs DGZ's -86.32%.
On 5-year performance, PLTM leads with 8.97% vs -11.06% for DGZ. On fees, PLTM is cheaper at 0.50% per year. On volatility, PLTM has been the lower-risk option at 9.19%. 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 8.97% return vs -11.06%. 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 (0.54 vs -0.25), 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.
Find the right allocation for PLTM and DGZ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer