YGLD vs. DGP

Last updated Jul 14, 2026

YGLD (Simplify Gold Strategy PLUS Income ETF) and DGP (DB Gold Double Long Exchange Traded Notes) are both exchange-traded funds - YGLD is a Gold fund actively managed by Simplify, while DGP is a Leveraged Commodities fund tracking the Deutsche Bank Liquid Commodity Index-Optimum Yield Gold (200%). YGLD is actively managed, while DGP is passively managed. Over the past year, YGLD returned 4.85% vs 24.83% for DGP. Their correlation of 0.91 suggests significant overlap in exposure. YGLD charges 0.50%/yr vs 0.75%/yr for DGP.

Performance

YGLD vs. DGP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Gold Strategy PLUS Income ETF (YGLD) and DB Gold Double Long Exchange Traded Notes (DGP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with YGLD having a -20.87% return and DGP slightly higher at -19.95%.

YGLD

• 1D: -4.09%
• 1M: -7.59%
• 6M: -28.00%
• YTD: -20.87%
• 1Y: 4.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DGP

• 1D: -4.99%
• 1M: -11.04%
• 6M: -29.70%
• YTD: -19.95%
• 1Y: 24.83%
• 3Y*: 46.51%
• 5Y*: 26.51%
• 10Y*: 16.18%

*Multi-year figures are annualized to reflect compound growth (CAGR)

YGLD vs. DGP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
YGLD Simplify Gold Strategy PLUS Income ETF	-20.87%	96.82%	-4.26%
DGP DB Gold Double Long Exchange Traded Notes	-19.95%	141.40%	0.22%

Correlation

The correlation between YGLD and DGP is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (All Time) Calculated using the full available price history since Dec 3, 2024	0.91

The correlation between YGLD and DGP has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.

Return for Risk

YGLD vs. DGP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

YGLD

YGLD Risk / Return Rank: 12
YGLD Sharpe Ratio Rank: 11
YGLD Sortino Ratio Rank: 12
YGLD Omega Ratio Rank: 13
YGLD Calmar Ratio Rank: 11
YGLD Martin Ratio Rank: 11

DGP

DGP Risk / Return Rank: 19
DGP Sharpe Ratio Rank: 18
DGP Sortino Ratio Rank: 21
DGP Omega Ratio Rank: 22
DGP Calmar Ratio Rank: 17
DGP Martin Ratio Rank: 17

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

YGLD vs. DGP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Gold Strategy PLUS Income ETF (YGLD) 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.

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.

	YGLD	DGP	Difference
Sharpe ratio: Return per unit of total volatility	0.12	0.45	-0.34
Sortino ratio: Return per unit of downside risk	0.43	0.94	-0.51
Omega ratio: Gain probability vs. loss probability	1.06	1.13	-0.07
Calmar ratio: Return relative to maximum drawdown	0.11	0.53	-0.42
Martin ratio: Return relative to average drawdown	0.25	1.27	-1.02

YGLD vs. DGP - Sharpe Ratio Comparison

The current YGLD Sharpe Ratio is 0.12, which is lower than the DGP Sharpe Ratio of 0.45. The chart below compares the historical Sharpe Ratios of YGLD and DGP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

YGLD vs. DGP - Drawdown Comparison

The maximum YGLD drawdown since its inception was -42.90%, smaller than the maximum DGP drawdown of -75.31%. Use the drawdown chart below to compare losses from any high point for YGLD and DGP.

Drawdown Indicators

	YGLD	DGP	Difference
Max Drawdown Largest peak-to-trough decline	-42.90%	-75.31%	+32.41%
Max Drawdown (1Y) Largest decline over 1 year	-42.90%	-46.98%	+4.08%
Max Drawdown (3Y) Largest decline over 3 years	—	-46.98%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-51.24%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-51.24%	—
Current Drawdown Current decline from peak	-42.90%	-46.73%	+3.83%
Average Drawdown Average peak-to-trough decline	-9.92%	-41.09%	+31.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.47%	19.56%	-0.09%

Volatility

YGLD vs. DGP - Volatility Comparison

The current volatility for Simplify Gold Strategy PLUS Income ETF (YGLD) is 11.47%, while DB Gold Double Long Exchange Traded Notes (DGP) has a volatility of 16.07%. This indicates that YGLD 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.

Volatility by Period

	YGLD	DGP	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.47%	16.07%	-4.60%
Volatility (6M) Calculated over the trailing 6-month period	35.91%	48.64%	-12.73%
Volatility (1Y) Calculated over the trailing 1-year period	42.25%	55.50%	-13.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.38%	39.56%	-0.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.38%	35.41%	+3.97%

YGLD vs. DGP - Expense Ratio Comparison

YGLD has a 0.50% expense ratio, which is lower than DGP's 0.75% expense ratio.

Dividends

YGLD vs. DGP - Dividend Comparison

YGLD's dividend yield for the trailing twelve months is around 22.04%, while DGP has not paid dividends to shareholders.

Position	TTM	2025
DGP DB Gold Double Long Exchange Traded Notes	0.00%	0.00%
YGLD Simplify Gold Strategy PLUS Income ETF	22.04%	12.05%

Frequently Asked Questions

Can I hold both YGLD and DGP in my portfolio?

With a correlation of 0.93, YGLD and DGP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, YGLD or DGP?

DGP has higher volatility (16.07%) compared to YGLD (11.47%). In terms of maximum drawdown, YGLD dropped -42.90% vs DGP's -75.31%.

Which ETF is better, YGLD or DGP?

On 1-year performance, DGP leads with 24.83% vs 4.85% for YGLD. On fees, YGLD is cheaper at 0.50% per year. On volatility, YGLD has been the lower-risk option at 11.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YGLD or DGP?

Over the 1-year period, DGP has performed better with a 24.83% return vs 4.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YGLD or DGP?

YGLD is cheaper with a 0.50% expense ratio, compared with 0.75% for DGP.

Which ETF pays a higher dividend yield, YGLD or DGP?

YGLD has the higher dividend yield at 22.04%, compared with 0.00% for DGP.

What is the main difference between YGLD and DGP?

YGLD is categorized as Gold, while DGP is Leveraged Commodities. They also come from different issuers: Simplify and Deutsche Bank. Their fees differ too: 0.50% for YGLD and 0.75% for DGP.

Which has better risk-adjusted returns?

DGP currently has the higher Sharpe Ratio (0.45 vs 0.12), 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.