- Last Ratings Update:06/30/2014
- Price as of 06/30/2014 :$30.14
- Net Assets:$0.1 Million
- Peer Rank:38 of 42
- Investment Rating:E
We rate PowerShares DB Gold Double Lg ETN at E. This overall rating indicates it is among the top 10% of all closed end funds in its peer group. Negative factors that influence this rating include a well below average total return. The fund may be considered for investors seeking a Sector - Precious Metals strategy.
POSITIVES AND RISKS
Total return ranks well below peers over the last three years. The PowerShares DB Gold Double Lg ETN has returned an annual rate of 2.55% since inception. More recently, the fund has generated a total return of 9.62% in the last five years, -15.16% in the last three years, and 13.39% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 28% of them. It has also outpaced 7% of its competitors on a three year basis and 42% of them over the last year for the period ending 6/30/2014. On a year to date basis, DGP has returned 19.76%.
Downside risk has been above average. DGP has a draw down risk of -62.84%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 43.8%. This fund has experienced excessive volatility in its monthly performance over the last 36 months. As of 6/30/2014, the fund was trading at a price of $30.14, which is 15.0% below its 52-week high of $35.45 and 23.7% above its 52-week low of $24.36.
Low expense ratio helps performance. On total assets of $0.10 million, DGP maintains a low expense ratio compared to its Sector - Precious Metals peers of just 0.00% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As DGP is an exchange traded fund, it has no front end or back end load.
The PowerShares DB Gold Double Lg ETN is managed by a team at Deutsche Bank AG (London). This fund is one of 20 Deutsche Bank AG (London) exchange-traded funds launched since 2/28/2008 that we track.
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