DB Gold Double Long ETNFind Ratings Reports
- Last Ratings Update:02/28/2018
- Price as of 02/28/2018 :$25.40
- Net Assets:$165 Million
- Peer Rank:6 of 37
- Investment Rating:C
We rate DB Gold Double Long ETN at C. Positive factors that influence this rating include a low price volatility, low expense structure and long term portfolio management tenure. 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 DB Gold Double Long ETN has returned an annual rate of -0.12% since inception. More recently, the fund has generated a total return of -11.14% in the last five years, 4.13% in the last three years, and 10.95% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 7% of them. It has also outpaced 41% of its competitors on a three year basis and 57% of them over the last year for the period ending 2/28/2018. On a year to date basis, DGP has returned 1.76%.
Downside risk has been below average. DGP has a draw down risk of -30.88%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 30.0%. This fund has experienced excessive volatility in its monthly performance over the last 36 months. As of 2/28/2018, the fund was trading at a price of $25.40, which is 13.7% below its 52-week high of $29.42 and 17.9% above its 52-week low of $21.55.
Low expense ratio helps performance. On total assets of $165.00 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 DB Gold Double Long ETN is managed by a team at Deutsche Bank AG (London). This fund is one of 17 Deutsche Bank AG (London) exchange-traded funds launched since 2/28/2008 that we track.