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DGZDB Gold Short ETN

Beat inflation18y track recordRanked #102 of 114 in this goal

Provides unleveraged inverse monthly exposure to the Deutsche Bank Liquid Commodity Index - Optimum Yield Gold, less an investor fee.

By Deutsche Bank AG · Launched 2008

Annual Cost

0.75%

#3,765 of 5,562 · expensive

Fund Size

$1M

#5,445 of 5,562 · small

Return (1Y)Goal

-15.6%

Track Record

18 years

#585 of 5,562 · established

Performance

Total-return NAV · USD
Growth of $10,000
$8,629-13.7%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Commodity

Strategy

Inverse

Focus

Gold

Index tracked

Deutsche Bank Liquid Commodity Index Optimum Yield Gold

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
69.3%High

Year-on-year price swings

Max drawdown
-71.5%Severe

Worst peak-to-trough loss

Sharpe (3Y)
-0.26Below average
Sortino (3Y)
-0.41Moderate downside risk

Where to buy

Listing

Exchange
NYSE Arca

Full fund details

Objective
Provides unleveraged inverse monthly exposure to the Deutsche Bank Liquid Commodity Index - Optimum Yield Gold, less an investor fee.
Strategy
Unleveraged inverse exposure to a total-return gold futures index (Deutsche Bank Liquid Commodity Index - Optimum Yield Gold combined with the DB 3-Month T-Bill Index). Value increases with monthly depreciations and decreases with monthly appreciations of the gold index. Resets month-over-month, not daily; not designed for short-term trading.
Inception date
February 27, 2008
Fund family
Deutsche Bank AG

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Inverse
Warning

Inverse ETF — daily tool only

Delivers the inverse of the benchmark's daily return. The compounding path makes multi-day holding unpredictable even when the benchmark's total move goes your way. Legitimate as a one-day hedge; dangerous as a view.

Source: Cheng & Madhavan (2009)

Why we flagged this: strategy=inverse + inverse_name_or_strategy

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-19