DV
Dividend Vision

DGZ — DB Gold Short ETN

DB Gold Short ETN (DGZ)

DGZ pays a 0.00% distribution rate, on a 0.75% expense ratio. Total return is -78.4% over the past 18.5 years, 792.9 points behind SPY at 714.5%. Its deepest 1-year drawdown was 36.1%.

DB Gold Short ETN is an exchange-traded note that provides inverse exposure to gold prices, allowing investors to profit from declines in the commodity. The fund carries a 0.75% annual expense ratio and does not currently distribute income to shareholders. This product appeals primarily to tactical traders and investors seeking to hedge against gold price movements or express bearish commodity views, rather than traditional income-focused portfolios.

DGZ key facts

Issuer
Deutsche Bank
Asset type
ETN
Asset class
Commodity
Inception date
02/27/2008
Expense ratio
0.75%
Distribution rate
0.00%
Last close
$5.35
AUM
$1,243,483
Average volume
14748.0
Beta
-0.29