DGZ

DB Gold Short ETN
*Unless otherwise stated, data provided by FactSet.

DGZ Fund Description

The DB Gold Short ETN provides monthly inverse exposure to an index that tracks the performance of a futures contract on gold determined to be least impacted by contango.

DGZ Factset Analytics Insight

DGZ is, unlike most leveraged and inverse products, designed to provide its -1x exposure to its index on a monthly rather than daily basis. Still, the same caution applies: Investors holding it beyond the next reset date will be subject to the effects of compounding—a dynamic that can cause the note’s performance to drift from its promised -1x exposure. The note’s index tracks a single futures contract on gold determined to be least influenced by contango. The index measures the changes in the price of the gold futures contract, the returns from rolling those contracts over, and the cost of borrowing (collateral) as measured by the 3-month Treasury bill. Although its expense ratio is entirely reasonable compared with other inverse gold products, trading costs are of greater importance, since DGZ is designed for round-trip intraday trading. To that end, the market for DGZ has small spreads, but overall daily volume isn't fantastic. Investors should therefore use limit orders and expect to wait to get orders filled. Investors interested in inverse gold ETPs will find better liquidity in DZZ or GLL.

DGZ 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 09/21/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
DGZ -0.85% 6.78% 11.09% 10.53% -2.07% 1.04% -5.91%
DGZ (NAV) -1.14% 6.26% 10.65% 11.34% -2.16% 0.97% -6.03%
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

DGZ Summary Data

02/27/08
Exchange-Traded Note
0.75%
$13.20M
0.35%

DGZ Portfolio Data

0.00%
N/A

DGZ Index Data

Single Asset
Single Asset
N/A

DGZ Fund Structure

No
N/A
N/A / N/A
Deutsche Bank AG
Low
High
-1
Monthly

DGZ 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

DGZ Factset Analytics Block Liquidity

As of 09/24/18
5
4
3
2
1

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

DGZ Tradability

20,607
$328.26K
2,279
$36.10K
0.35%
$0.05
0.11%
2.23% / -1.01%
Potential
0.00%
50,000
0.05
0.00%
--
--
$15.13
5