PowerShares DB Gold FundFind Ratings Reports
- Last Ratings Update:07/31/2016
- Price as of 07/31/2016 :$44.12
- Net Assets:$144.8 Million
- Peer Rank:19 of 38
- Investment Rating:C-
We rate PowerShares DB Gold Fund at C-. Positive factors that influence this rating include a low price volatility and low expense structure. The fund may be considered for investors seeking a Sector - Precious Metals strategy.
POSITIVES AND RISKS
Total return ranks below peers over the last three years. The PowerShares DB Gold Fund has returned an annual rate of 6.54% since inception. More recently, the fund has generated a total return of -5.37% in the last five years, -0.02% in the last three years, and 22.66% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 16% of them. It has also outpaced 27% of its competitors on a three year basis and 86% of them over the last year for the period ending 7/31/2016. On a year to date basis, DGL has returned 27.29%.
Downside risk has been below average. DGL has a draw down risk of -26.41%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 16.9%. This fund has had moderate volatility in its monthly performance over the last 36 months. As of 7/31/2016, the fund was trading at a price of $44.12, which is 1.6% below its 52-week high of $44.84 and 3.5% above its 52-week low of $42.62.
High expense ratio hinders performance. On total assets of $144.80 million, DGL maintains a high expense ratio compared to its Sector - Precious Metals peers of 0.76% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As DGL is an exchange traded fund, it has no front end or back end load.
The PowerShares DB Gold Fund is managed by James T. Anderson at Invesco Powershares Capital Mgmt LL. This fund is one of 128 Invesco Powershares Capital Mgmt LL exchange-traded funds launched since 5/1/2003 that we track.