Key stats
About DB Gold Short 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%
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 notes performance to drift from its promised -1x exposure. The notes 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.
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
DGZ assets under management is 2.12 M USD. It's risen 1.81% over the last month.
DGZ fund flows account for 0.00 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, DGZ doesn't pay dividends to its holders.
DGZ 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.
DGZ expense ratio is 0.75% meaning you'd have to pay 0.75% of your investment to help manage the fund.
DGZ 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.
DGZ price has risen by 2.70% over the last month, and its yearly performance shows a −24.32% decrease. See more dynamics on DGZ price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −2.79% over the last month, showed a −12.30% decrease in three-month performance and has decreased by −25.72% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −2.79% over the last month, showed a −12.30% decrease in three-month performance and has decreased by −25.72% in a year.
DGZ trades at a premium (2.08%) meaning the ETF is trading at a higher price than the calculated NAV.