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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)
$244,788
AUM
$96,749,500
Associated Index
Deutsche Bank Liquid Commodity Index Optimum Yield Gold
Inverse/Leveraged
Leveraged (2x)
Passive/Active
Passive
Dividend
No

Top 10 Holdings

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 FGLD, SESG, IAUM

DGP
Deutsche Bank AG London - DB Gold Double Long ETN
FGLD
Franklin Templeton Holdings Trust - Franklin Responsibly Sourced Gold ETF
SESG
Sprott Funds Trust. - Sprott ESG Gold ETF
IAUM
BlackRock Institutional Trust Company N.A. - iShares Gold Trust Micro
GLDM
World Gold Trust - SPDR Gold MiniShares Trust
GLD
SSgA Active Trust - SPDR Gold Shares ETF
UGL
ProShares Trust - ProShares Ultra Gold 2x Shares
SGOL
abrdn ETF - abrdn Physical Gold Shares ETF
AAAU
Goldman Sachs Physical Gold ETF Trust - Goldman Sachs Physical Gold ETF
BAR
GraniteShares Gold Trust - GraniteShares Gold Shares
IAU
BlackRock Institutional Trust Company N.A. - iShares Gold Trust

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

#BORING

The Not Boring: Rising Rates with Vol Switch

Category

Community

Risk Rating

Aggressive

Can contain

DGPGLD
#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Can contain

DGPGLD

Create your own algorithmic trading strategy with DGP using Composer

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.