SVXY vs. DGP
Compare and contrast key facts about ProShares Short VIX Short-Term Futures ETF (SVXY) and DB Gold Double Long Exchange Traded Notes (DGP).
SVXY and DGP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SVXY is a passively managed fund by ProShares that tracks the performance of the S&P 500 VIX Short-Term Futures Index (-100%). It was launched on Oct 3, 2011. DGP is a passively managed fund by Deutsche Bank that tracks the performance of the Deutsche Bank Liquid Commodity Index-Optimum Yield Gold (200%). It was launched on Feb 27, 2008. Both SVXY and DGP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SVXY vs. DGP - Performance Comparison
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SVXY vs. DGP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SVXY ProShares Short VIX Short-Term Futures ETF | -17.30% | 10.63% | -3.17% | 76.21% | -4.66% | 48.53% | -36.47% | 54.21% | -91.75% | 181.84% |
DGP DB Gold Double Long Exchange Traded Notes | 13.65% | 141.40% | 53.16% | 16.97% | -5.54% | -11.29% | 45.29% | 32.27% | -7.48% | 24.20% |
Returns By Period
In the year-to-date period, SVXY achieves a -17.30% return, which is significantly lower than DGP's 13.65% return. Over the past 10 years, SVXY has underperformed DGP with an annualized return of -1.26%, while DGP has yielded a comparatively higher 22.44% annualized return.
SVXY
- 1D
- 4.90%
- 1M
- -12.39%
- YTD
- -17.30%
- 6M
- -10.09%
- 1Y
- 0.09%
- 3Y*
- 12.84%
- 5Y*
- 13.74%
- 10Y*
- -1.26%
DGP
- 1D
- 9.12%
- 1M
- -22.14%
- YTD
- 13.65%
- 6M
- 37.68%
- 1Y
- 101.12%
- 3Y*
- 63.02%
- 5Y*
- 38.30%
- 10Y*
- 22.44%
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SVXY vs. DGP - Expense Ratio Comparison
SVXY has a 1.38% expense ratio, which is higher than DGP's 0.75% expense ratio.
Return for Risk
SVXY vs. DGP — Risk / Return Rank
SVXY
DGP
SVXY vs. DGP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short VIX Short-Term Futures ETF (SVXY) 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.
| SVXY | DGP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.00 | 1.84 | -1.84 |
Sortino ratioReturn per unit of downside risk | 0.26 | 2.24 | -1.98 |
Omega ratioGain probability vs. loss probability | 1.04 | 1.32 | -0.28 |
Calmar ratioReturn relative to maximum drawdown | 0.00 | 2.91 | -2.90 |
Martin ratioReturn relative to average drawdown | 0.01 | 11.14 | -11.13 |
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
| SVXY | DGP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.00 | 1.84 | -1.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 1.01 | -0.62 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.02 | 0.64 | -0.67 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.30 | -0.11 |
Correlation
The correlation between SVXY and DGP is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
SVXY vs. DGP - Dividend Comparison
Neither SVXY nor DGP has paid dividends to shareholders.
Drawdowns
SVXY vs. DGP - Drawdown Comparison
The maximum SVXY drawdown since its inception was -95.25%, which is greater than DGP's maximum drawdown of -75.31%. Use the drawdown chart below to compare losses from any high point for SVXY and DGP.
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Drawdown Indicators
| SVXY | DGP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.25% | -75.31% | -19.94% |
Max Drawdown (1Y)Largest decline over 1 year | -26.50% | -36.58% | +10.08% |
Max Drawdown (5Y)Largest decline over 5 years | -46.45% | -51.24% | +4.79% |
Max Drawdown (10Y)Largest decline over 10 years | -95.25% | -51.24% | -44.01% |
Current DrawdownCurrent decline from peak | -83.43% | -24.38% | -59.05% |
Average DrawdownAverage peak-to-trough decline | -56.57% | -41.24% | -15.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.75% | 9.54% | +0.21% |
Volatility
SVXY vs. DGP - Volatility Comparison
The current volatility for ProShares Short VIX Short-Term Futures ETF (SVXY) is 15.28%, while DB Gold Double Long Exchange Traded Notes (DGP) has a volatility of 25.22%. This indicates that SVXY 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
| SVXY | DGP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.28% | 25.22% | -9.94% |
Volatility (6M)Calculated over the trailing 6-month period | 24.61% | 48.02% | -23.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.20% | 55.31% | -17.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.91% | 38.32% | -2.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.24% | 34.93% | +16.31% |