QARP vs. DGP
QARP (Xtrackers Russell 1000 US Quality at a Reasonable Price ETF) and DGP (DB Gold Double Long Exchange Traded Notes) are both exchange-traded funds - QARP is a Large Cap Growth Equities fund tracking the Russell 1000 2Qual/Val 5% Capped Factor 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, QARP returned 12.06%/yr vs 30.49%/yr for DGP. At a 0.08 correlation, their price movements are largely independent. QARP charges 0.19%/yr vs 0.75%/yr for DGP.
Performance
QARP vs. DGP - Performance Comparison
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Returns By Period
In the year-to-date period, QARP achieves a 10.34% return, which is significantly higher than DGP's 1.01% return.
QARP
- 1D
- -0.05%
- 1M
- 2.39%
- YTD
- 10.34%
- 6M
- 10.57%
- 1Y
- 25.02%
- 3Y*
- 18.54%
- 5Y*
- 12.06%
- 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%
QARP vs. DGP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF | 10.34% | 13.99% | 18.94% | 23.03% | -14.62% | 31.82% | 14.83% | 30.70% | -5.53% |
DGP DB Gold Double Long Exchange Traded Notes | 1.01% | 141.40% | 53.16% | 16.97% | -5.54% | -11.29% | 45.29% | 32.27% | -9.79% |
Correlation
The correlation between QARP and DGP is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
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 Apr 6, 2018 | 0.08 |
The correlation between QARP and DGP shifts across timeframes, from 0.08 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
QARP vs. DGP — Risk / Return Rank
QARP
DGP
QARP vs. DGP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Russell 1000 US Quality at a Reasonable Price ETF (QARP) 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.
| QARP | DGP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.33 | ||
| Sortino ratioReturn per unit of downside risk | +1.87 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.23 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | 1.58 | +1.88 |
| Martin ratioReturn relative to average drawdown | 15.79 | 4.05 | +11.74 |
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
| QARP | DGP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.43 | 1.10 | +1.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.79 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.28 | +0.44 |
Drawdowns
QARP vs. DGP - Drawdown Comparison
The maximum QARP drawdown since its inception was -35.44%, smaller than the maximum DGP drawdown of -75.31%. Use the drawdown chart below to compare losses from any high point for QARP and DGP.
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Drawdown Indicators
| QARP | DGP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.44% | -75.31% | +39.87% |
Max Drawdown (1Y)Largest decline over 1 year | -7.26% | -36.58% | +29.32% |
Max Drawdown (3Y)Largest decline over 3 years | -15.65% | -36.58% | +20.93% |
Max Drawdown (5Y)Largest decline over 5 years | -22.75% | -51.24% | +28.49% |
Max Drawdown (10Y)Largest decline over 10 years | — | -51.24% | — |
Current DrawdownCurrent decline from peak | -0.98% | -32.78% | +31.80% |
Average DrawdownAverage peak-to-trough decline | -4.44% | -41.09% | +36.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 14.24% | -12.65% |
Volatility
QARP vs. DGP - Volatility Comparison
The current volatility for Xtrackers Russell 1000 US Quality at a Reasonable Price ETF (QARP) is 2.21%, while DB Gold Double Long Exchange Traded Notes (DGP) has a volatility of 10.48%. This indicates that QARP 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
| QARP | DGP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.21% | 10.48% | -8.27% |
Volatility (6M)Calculated over the trailing 6-month period | 7.71% | 46.34% | -38.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.36% | 52.47% | -42.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.51% | 38.77% | -23.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.65% | 35.04% | -15.39% |
QARP vs. DGP - Expense Ratio Comparison
QARP has a 0.19% expense ratio, which is lower than DGP's 0.75% expense ratio.
Dividends
QARP vs. DGP - Dividend Comparison
QARP's dividend yield for the trailing twelve months is around 1.03%, while DGP has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF | 1.03% | 1.14% | 1.39% | 1.28% | 1.68% | 1.34% | 1.61% | 1.85% | 1.39% |
Frequently Asked Questions
QARP and DGP have a correlation of 0.23, 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 QARP (2.21%). In terms of maximum drawdown, QARP dropped -35.44% vs DGP's -75.31%.
On 5-year performance, DGP leads with 30.49% vs 12.06% for QARP. On fees, QARP is cheaper at 0.19% per year. On volatility, QARP has been the lower-risk option at 2.21%. 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 12.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QARP is cheaper with a 0.19% expense ratio, compared with 0.75% for DGP.
QARP has the higher dividend yield at 1.03%, compared with 0.00% for DGP.
QARP is categorized as Large Cap Growth Equities, while DGP is Leveraged Commodities. QARP tracks Russell 1000 2Qual/Val 5% Capped Factor Index, while DGP tracks Deutsche Bank Liquid Commodity Index-Optimum Yield Gold (200%). Their fees differ too: 0.19% for QARP and 0.75% for DGP.
QARP currently has the higher Sharpe Ratio (2.43 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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