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Dividend Vision

DGP ETN — DB Gold Double Long ETN

DB Gold Double Long ETN (DGP)

Updated October 23, 2026.

DGP is an ETN. Its expense ratio is 0.75%. Total return is 382.5% over the past 18.7 years, 299.0 points behind SPY at 681.5%.

DB Gold Double Long ETN is an exchange-traded note issued by Deutsche Bank that provides leveraged long exposure to gold futures contracts, tracking an index comprised of a single unfunded gold futures contract. The fund does not distribute income to shareholders and carries an expense ratio of 0.75%. This product appeals to traders and investors seeking amplified exposure to gold price movements rather than traditional income-generating investments.

DGP holdings and sector exposure

The top 1 holdings are 100.0% of the fund.

TickerNameWeight
.100.00%

To see how this fund's sectors add up across your own holdings, use True Exposure.

DGP performance versus SPY

Total return is 382.5% over the past 18.7 years, 299.0 points behind SPY at 681.5%. Over the past year its total return — price change plus distributions reinvested — is -17.2%. Its deepest 1-year drawdown was 48.8%.

WindowTotal returnCAGR
1M-18.4%—
3M-5.6%—
6M-31.9%—
YTD-23.0%—
1Y-17.2%—
2Y CAGR—32.20%
3Y CAGR—44.60%
5Y CAGR—26.60%
10Y CAGR—17.50%
Since inception (18.7 years)382.5%8.80%

DGP key facts

Issuer
Deutsche Bank
Asset type
ETN
Asset class
Commodity
Inception date
02/27/2008
Expense ratio
0.75%
Distribution frequency
None
Last close
$124.00 (as of 2026-10-23)
AUM
$188,227,359
Average volume
36,800
Beta
0.59

How Dividend Vision calculates returns

Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Deutsche Bank; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

DGP risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 48.8%.

Who may consider DGP — and who may not

It is a weaker fit for investors who need monthly cash flow (DGP does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on DGP

Tagged: Leverage, Gold, Metals.

Frequently asked questions

Does DGP pay monthly?

No. DGP does not currently distribute.

What is DGP's expense ratio?

DGP's expense ratio is 0.75%.

When does DGP pay a dividend?

DGP does not currently distribute.

How has DGP performed?

Total return is 382.5% over the past 18.7 years, 299.0 points behind SPY at 681.5%. Over the past year its total return — price change plus distributions reinvested — is -17.2%. Its deepest 1-year drawdown was 48.8%.

DividendVision analysis is generated from public SEC filing data and may not capture every change. Review the original filing for complete information.