DGZDB Gold Short ETN
DGZ Fund Description
DGZ provides monthly inverse exposure to the performance of gold futures contract. The note’s index selects contracts based on the shape of the futures curve to minimize contango.
DGZ Factset Analytics Insight
DGZ, unlike most leveraged and inverse products, is designed to provide -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. Structured as an ETN, DGZ carries the counterparty risk of its issuer.
DGZ Portfolio Data
DGZ Index Data
DGZ Fund Structure
DGZ Tax Exposures
DGZ Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of DGZ. DGZ is rated a 5 out of 5.