SHYL vs. DGP
SHYL (Xtrackers Short Duration High Yield Bond ETF) and DGP (DB Gold Double Long Exchange Traded Notes) are both exchange-traded funds - SHYL is a High Yield Bonds fund tracking the Solactive USD High Yield Corporates Total Market 0-5 Year 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, SHYL returned 4.85%/yr vs 28.82%/yr for DGP. At a 0.14 correlation, their price movements are largely independent. SHYL charges 0.20%/yr vs 0.75%/yr for DGP.
Performance
SHYL vs. DGP - Performance Comparison
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Returns By Period
In the year-to-date period, SHYL achieves a 1.05% return, which is significantly higher than DGP's -5.29% return.
SHYL
- 1D
- -0.25%
- 1M
- -0.29%
- YTD
- 1.05%
- 6M
- 1.43%
- 1Y
- 5.99%
- 3Y*
- 8.22%
- 5Y*
- 4.85%
- 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%
SHYL vs. DGP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SHYL Xtrackers Short Duration High Yield Bond ETF | 1.05% | 7.78% | 8.52% | 11.39% | -5.21% | 4.60% | 3.64% | 10.16% | -0.67% |
DGP DB Gold Double Long Exchange Traded Notes | -5.29% | 141.40% | 53.16% | 16.97% | -5.54% | -11.29% | 45.29% | 32.27% | -9.48% |
Correlation
The correlation between SHYL and DGP is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2018 | 0.14 |
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Return for Risk
SHYL vs. DGP — Risk / Return Rank
SHYL
DGP
SHYL vs. DGP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Short Duration High Yield Bond ETF (SHYL) 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.
| SHYL | DGP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.97 | ||
| Sortino ratioReturn per unit of downside risk | +1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.20 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.78 | 1.30 | +2.48 |
| Martin ratioReturn relative to average drawdown | 14.88 | 3.29 | +11.59 |
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
| SHYL | DGP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 0.91 | +0.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.74 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.57 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.27 | +0.45 |
Drawdowns
SHYL vs. DGP - Drawdown Comparison
The maximum SHYL drawdown since its inception was -19.26%, smaller than the maximum DGP drawdown of -75.31%. Use the drawdown chart below to compare losses from any high point for SHYL and DGP.
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Drawdown Indicators
| SHYL | DGP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.26% | -75.31% | +56.05% |
Max Drawdown (1Y)Largest decline over 1 year | -1.59% | -36.98% | +35.39% |
Max Drawdown (3Y)Largest decline over 3 years | -4.73% | -36.98% | +32.25% |
Max Drawdown (5Y)Largest decline over 5 years | -9.60% | -51.24% | +41.64% |
Max Drawdown (10Y)Largest decline over 10 years | — | -51.24% | — |
Current DrawdownCurrent decline from peak | -0.33% | -36.98% | +36.65% |
Average DrawdownAverage peak-to-trough decline | -1.54% | -41.09% | +39.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 14.57% | -14.17% |
Volatility
SHYL vs. DGP - Volatility Comparison
The current volatility for Xtrackers Short Duration High Yield Bond ETF (SHYL) is 0.86%, while DB Gold Double Long Exchange Traded Notes (DGP) has a volatility of 11.01%. This indicates that SHYL 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
| SHYL | DGP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.86% | 11.01% | -10.15% |
Volatility (6M)Calculated over the trailing 6-month period | 2.46% | 46.99% | -44.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.21% | 53.01% | -49.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.84% | 38.90% | -33.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.69% | 35.11% | -28.42% |
SHYL vs. DGP - Expense Ratio Comparison
SHYL has a 0.20% expense ratio, which is lower than DGP's 0.75% expense ratio.
Dividends
SHYL vs. DGP - Dividend Comparison
SHYL's dividend yield for the trailing twelve months is around 6.94%, 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% |
SHYL Xtrackers Short Duration High Yield Bond ETF | 6.94% | 7.02% | 7.26% | 6.60% | 5.52% | 4.65% | 6.16% | 5.93% | 5.54% |
Frequently Asked Questions
SHYL and DGP have a correlation of 0.20, 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 SHYL (0.86%). In terms of maximum drawdown, SHYL dropped -19.26% vs DGP's -75.31%.
On 5-year performance, DGP leads with 28.82% vs 4.85% for SHYL. On fees, SHYL is cheaper at 0.20% per year. On volatility, SHYL has been the lower-risk option at 0.86%. 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 4.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SHYL is cheaper with a 0.20% expense ratio, compared with 0.75% for DGP.
SHYL has the higher dividend yield at 6.94%, compared with 0.00% for DGP.
SHYL is categorized as High Yield Bonds, while DGP is Leveraged Commodities. SHYL tracks Solactive USD High Yield Corporates Total Market 0-5 Year Index, while DGP tracks Deutsche Bank Liquid Commodity Index-Optimum Yield Gold (200%). Their fees differ too: 0.20% for SHYL and 0.75% for DGP.
SHYL currently has the higher Sharpe Ratio (1.88 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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