Skip to Content
ETFs

DB Gold Double Long ETN due February 15, 2038

DGP
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 27 2008
Expense Ratio
0.75%
Type
Global Commodities & Metals
Fund Owner
DWS
Volume (1m avg. daily)
$124,257
AUM
$91,485,500
Associated Index
Deutsche Bank Liquid Commodity Index Optimum Yield Gold
Inverse/Leveraged
Leveraged (2x)
Passive/Active
Passive
Fractionable on Composer
Yes
Invest with DGP

What is DGP?

All of the DB Gold ETNs are based on a total return version of the Deutsche Bank Liquid Commodity Index Optimum Yield GoldTM , which is intended to track the long or short performance of a single unfunded gold futures contract.

ETFs related toDGP

ETFs correlated to DGP include SGOL, IAUM, UGL

DGP
Deutsche Bank AG London - DB Gold Double Long ETN
SGOL
abrdn ETF - abrdn Physical Gold Shares ETF
IAUM
BlackRock Institutional Trust Company N.A. - iShares Gold Trust Micro
UGL
ProShares Trust - ProShares Ultra Gold 2x Shares
GLD
SSgA Active Trust - SPDR Gold Shares ETF
IAU
BlackRock Institutional Trust Company N.A. - iShares Gold Trust
GLDM
World Gold Trust - SPDR Gold MiniShares Trust
OUNZ
Merk Investments LLC - VanEck Merk Gold Trust
BAR
GraniteShares Gold Trust - GraniteShares Gold Shares
AAAU
Goldman Sachs Physical Gold ETF Trust - Goldman Sachs Physical Gold ETF
GLTR
abrdn ETF - abrdn Physical Precious Metals Basket Shares ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toDGP

#DGD

Diversify with Gold & the Dollar

Category

Building Blocks, Getting Defensive, Diversification

Risk Rating

Aggressive

#SPIRAL

Stoic Finance Presents: Inflation Spiral Hedge

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with DGP using Composer

FAQ

DGP is a Global Commodities & Metals ETF. All of the DB Gold ETNs are based on a total return version of the Deutsche Bank Liquid Commodity Index Optimum Yield GoldTM , which is intended to track the long or short performance of a single unfunded gold futures contract.

DGP tracks the Deutsche Bank Liquid Commodity Index Optimum Yield Gold.

No, DGP is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, DGP is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on DGP is -0.0119%. This is the percent change in the value of DGP over the most recent 1-month period. The 3-month return on DGP is -0.0243%. This is the percent change in the value of DGP over the most recent 3-month period.

The standard deviation of DGP for the past year is 0.2916%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to DGP include DZZ, DGZ, and SHNY.

ETFs correlated to DGP include SGOL, IAUM, and UGL.

ETFs that are inversely correlated to DGP include GLL, GDXD, and DUST.

Yes, DGP is a Leveraged (2x) ETF: This means that DGP will try to match the performance of Deutsche Bank Liquid Commodity Index Optimum Yield Gold, but with 2x the returns.

Yes, DGP is a Leveraged (2x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of Deutsche Bank Liquid Commodity Index Optimum Yield Gold, but move 2x in the opposite direction.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.