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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)
$12,284
AUM
$3,126,400
Associated Index
Deutsche Bank Liquid Commodity Index Optimum Yield Gold
Inverse/Leveraged
Inverse (-1)
Passive/Active
Passive
Dividend
No

Top 10 Holdings

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 GJAN, GLL, DZZ

DGZ
Deutsche Bank AG London - DB Gold Short ETN
GJAN
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - January
GLL
ProShares Trust - ProShares UltraShort Gold -2x Shares
DZZ
Deutsche Bank AG London - DB Gold Double Short ETN
ZSL
ProShares Trust - ProShares UltraShort Silver -2x Shares
GDXD
Bank of Montreal - MicroSectors Gold Miners -3X Inverse Leveraged ETNs
DUST
Direxion Shares ETF Trust - Direxion Daily Gold Miners Index Bear -2X Shares
JDST
Direxion Shares ETF Trust - Direxion Daily Junior Gold Miners Index Bear -2X Shares
GDEF
Goldman Sachs ETF Trust - Goldman Sachs Defensive Equity ETF
PPEM
Putnam ETF Trust - Putnam PanAgora ESG Emerging Markets Equity ETF
SPKX
ConvexityShares Trust - ConvexityShares 1x SPIKES Futures 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 toDGZ

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Can contain

DGZSSO

Create your own algorithmic trading strategy with DGZ 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.