Key stats
About DB Gold Double Long ETN due February 15, 2038
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Inception date
Feb 27, 2008
Structure
Exchange-Traded Note
Distribution tax treatment
No distributions
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
DGP is a levered ETN promising twice the daily returns of an optimized gold index wherein gold futures contracts are chosen to minimize the effects of contango. The index selects its contracts based on the shape of the futures curve. As a geared product, DGP is 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. Structured as an ETN, DGP carries the counterparty risk of its issuer.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
DGP assets under management is 162.96 M USD. It's fallen 7.29% over the last month.
DGP fund flows account for −14.55 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, DGP doesn't pay dividends to its holders.
DGP shares are issued by Deutsche Bank AG under the brand DB. The ETF was launched on Feb 27, 2008, and its management style is Passive.
DGP expense ratio is 0.75% meaning you'd have to pay 0.75% of your investment to help manage the fund.
DGP follows the Deutsche Bank Liquid Commodity Index - Optimum Yield Gold Excess Return. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
DGP price has fallen by −9.13% over the last month, and its yearly performance shows a 71.91% increase. See more dynamics on DGP price chart.
NAV returns, another gauge of an ETF dynamics, have risen by −5.58% over the last month, have fallen by −5.58% over the last month, showed a 23.51% increase in three-month performance and has increased by 70.95% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by −5.58% over the last month, have fallen by −5.58% over the last month, showed a 23.51% increase in three-month performance and has increased by 70.95% in a year.
DGP trades at a premium (0.55%) meaning the ETF is trading at a higher price than the calculated NAV.