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ETFs

DB Gold Short ETN due February 15, 2038

DGZ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 27 2008
Expense Ratio
0.75%
Type
Global Commodities & Metals
Fund Owner
DWS
Volume (1m avg. daily)
$4,877
AUM
$3,308,800
Associated Index
Deutsche Bank Liquid Commodity Index Optimum Yield Gold
Inverse/Leveraged
Inverse (-1)
Passive/Active
Passive
Fractionable on Composer
No
Invest with DGZ

What is DGZ?

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 toDGZ

ETFs correlated to DGZ include GLL, DUST, GDXD

DGZ
Deutsche Bank AG London - DB Gold Short ETN
GLL
ProShares Trust - ProShares UltraShort Gold -2x Shares
DUST
Direxion Shares ETF Trust - Direxion Daily Gold Miners Index Bear -2X Shares
GDXD
Bank of Montreal - MicroSectors Gold Miners -3X Inverse Leveraged ETNs
JDST
Direxion Shares ETF Trust - Direxion Daily Junior Gold Miners Index Bear -2X Shares
ZSL
ProShares Trust - ProShares UltraShort Silver -2x Shares
UUP
Invesco DB US Dollar Index Trust - Invesco DB US Dollar Index Bullish Fund
USDU
WisdomTree Trust - WisdomTree Bloomberg U.S. Dollar Bullish Fund
TBX
ProShares Trust - ProShares Short 7-10 Year Treasury -1x Shares
PST
Invesco Capital Management LLC - PowerShares UltraShort Lehman 7-10 + Year Treasury ProShares -2X Sh
EUO
ProShares Trust - ProShares UltraShort Euro -2X Shares

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 toDGZ

#DGD

Diversify with Gold & the Dollar

Category

Building Blocks, Getting Defensive, Diversification

Risk Rating

Aggressive

#BORING

The Not Boring: Rising Rates with Vol Switch

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with DGZ using Composer

FAQ

DGZ 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.

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

No, DGZ 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, DGZ 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 DGZ is 0.0106%. This is the percent change in the value of DGZ over the most recent 1-month period. The 3-month return on DGZ is 0.0408%. This is the percent change in the value of DGZ over the most recent 3-month period.

The standard deviation of DGZ for the past year is 0.1763%. 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 DGZ include DZZ, DGP, and SHNY.

ETFs correlated to DGZ include GLL, DUST, and GDXD.

ETFs that are inversely correlated to DGZ include IAUM, OUNZ, and BAR.

Yes, DGZ is a Inverse (-1) ETF: This means that DGZ will try to match the performance of Deutsche Bank Liquid Commodity Index Optimum Yield Gold, but with 1x the returns.

Yes, DGZ is a Inverse (-1) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of Deutsche Bank Liquid Commodity Index Optimum Yield Gold, but move 1x 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.