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DGZDB Gold Short ETN

Take a bet18y track recordRanked #426 of 949 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%

#3,918 of 5,854 · average

Fund Size

$1M

#5,593 of 5,854 · small

Return (1Y)Goal

-18.8%

Track Record

18 years

#574 of 5,854 · established

Performance

Total-return NAV · USD
Growth of $10,000
$9,010-9.9%

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

What's inside

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)
71.9%High

Year-on-year price swings

Max drawdown
-71.5%Severe

Worst peak-to-trough loss

Sharpe (3Y)
-0.25Below average
Sortino (3Y)
-0.39Moderate downside risk

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

You can be right and still lose

This fund returns the opposite of its benchmark's daily move, then resets. Hold it longer and the daily compounding takes over: the market can move your way over a week and you still finish down. It works as a one-day hedge and nothing beyond that.

Sources: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)

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 2026-08-03