DGAZ

VelocityShares 3X Inverse Natural Gas ETN
*Unless otherwise stated, data provided by FactSet.

DGAZ Fund Description

The VelocityShares 3X Inverse Natural Gas ETN provides -3x the daily performance of the front-month futures contract on natural gas.

DGAZ Factset Analytics Insight

Like most geared inverse products, DGAZ is designed to be used as a tactical trading tool, not as a buy-and-hold investment. The note promises to provide -3x exposure to its reference index—the S&P GSCI Natural Gas Excess Return Index—for a one-day holding period. The daily reset function means investors holding DGAZ for periods of longer than one trading day will be exposed to the effects of compounding, and could see returns vary greatly from the headline -3x exposure. Since DGAZ tracks an excess return version of the S&P GSCI Natural Gas Index, returns will reflect the changes in the price of natural gas and returns from rolling futures contracts, but not any income from collateral. Although its fee is extremely high, trading costs are of greater importance, since the fund is designed for intraday round-trip trades. Fortunately, the market for DGAZ is reasonable: millions of shares change hands most days, and spreads are narrow though hardly airtight.

DGAZ 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 08/16/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
DGAZ -18.34% -16.19% -21.31% -17.94% -7.10% -23.43% --
DGAZ (NAV) -18.48% -15.54% -21.44% -17.92% -7.11% -- --
S&P GSCI Natural Gas -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

DGAZ Summary Data

02/07/12
Exchange-Traded Note
1.65%
$314.25M
0.04%

DGAZ Portfolio Data

0.00%
N/A

DGAZ Index Data

S&P GSCI Natural Gas
Single Asset
Single Asset
N/A

DGAZ Fund Structure

No
N/A
N/A / N/A
Credit Suisse AG
Low
Low
-3
Daily

DGAZ 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

DGAZ Factset Analytics Block Liquidity

As of 08/17/18
5
4
3
2
1

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

DGAZ Tradability

4,375,563
$102.74M
4,006,609
$97.91M
0.04%
$0.01
-0.12%
3.31% / -3.14%
None
0.00%
25,000
160.26
0.05%
--
--
$21.71
5