DGPDB Gold Double Long ETN
DGP Fund Description
The DB Gold Double Long ETN provides 2x exposure to an index that tracks the performance of futures contracts relating to gold.
DGP Factset Analytics Insight
DGP is a levered ETN promising twice the daily returns of an optimized gold index—wherein gold futures contracts are chosen with an eye to beating contango. As such, it's not intended to be held long term, but as a day-trading instrument. Its 2x exposure is not promised over periods longer than one day, as the effects of compounding can cause returns to drift from the headline 2x exposure. The fund is well established with a long track record and a decent asset base, and charges a low fee compared to many similar peers. More importantly for a levered product, it has tended to trade at manageable spreads and with decent volume.
DGP CHARTS AND PERFORMANCE
DGP Portfolio Data
DGP Index Data
DGP Fund Structure
DGP Tax Exposures
DGP Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of DGP. DGP is rated a 5 out of 5.