DYY

DB Commodity Double Long ETN
*Unless otherwise stated, data provided by FactSet.

DYY Fund Description

The DB Commodity Double Long ETN provides 2x exposure to an index of futures contracts on wheat (11%), corn (11%), oil (55%), aluminum (13%) and gold (10%).

DYY Factset Analytics Insight

As a levered product, DYY is not a buy-and-hold ETF; it’s a short-term tactical instrument. Unlike most levered funds—which usually reset daily—DYY offers 2x exposure over one-month periods. Over periods that span one or more monthly reset dates, returns can vary significantly from its promised 2x exposure. Crucially, the plumbing that keeps DYY trading in line with its indicative value is broken: DYY has been closed for creations since February 2012. Consequently, it’s subject to premiums that may persist indefinitely. Management fees are reasonable, but as a short-term product, trading costs are relatively more important here. Access could be prohibitively expensive: in the past, average spreads have been extremely wide and variable, and the fund barely trades. AUM is low too. Only the most resolute and experienced investors should even consider navigating DYY’s myriad challenges.

DYY CHARTS AND PERFORMANCE

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 06/18/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
DYY -3.80% -0.69% -24.74% 5.93% -21.02% -18.28% -21.58%
DYY (NAV) -10.92% 9.12% 11.95% 52.29% -7.59% -20.04% -21.81%
Deutsche Bank Liquid Commodity Index -- -- -- -- -- -- -21.81%
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

DYY Summary Data

04/14/08
Exchange-Traded Note
0.75%
$1.55M
5.08%

DYY Portfolio Data

0.00%
N/A

DYY Index Data

Fixed
Fixed
N/A

DYY Fund Structure

No
N/A
N/A / N/A
Deutsche Bank AG
Medium
High
2
Daily

DYY Tax Exposures

20.00% / 39.60%
--
No
Bats Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

DYY Factset Analytics Block Liquidity

As of 06/19/18
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of DYY. DYY is rated a 5 out of 5.

DYY Tradability

1,172
$4.47K
430
$2.01K
5.08%
$0.15
21.21%
75.43% / -5.04%
Potential
0.00%
200,000
0.00
0.00%
--
--
$2.71
5