DB Gold Double Long ETN (DGP) Performance
DGP total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −23.0% since Dec 31, 2025
- 1 year
- −17.2% total return
- 5 years
- +26.7% a year
- 10 years
- +17.5% a year
- Since first price
- +8.8% a year since 2008
DGP trailing returns vs SPY, QQQ, AGG
| Period | DGP total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −18.4% | −18.4% | −1.0% | −5.0% | +0.9% |
| 3 months | −5.6% | −5.6% | +3.2% | +1.9% | −0.4% |
| 6 months | −31.9% | −31.9% | +7.8% | +8.4% | −1.5% |
| YTD | −23.0% | −23.0% | +12.3% | +15.1% | −1.0% |
| 1 year | −17.2% | −17.2% | +14.4% | +15.9% | −1.1% |
| 3 years | +202.5%+44.6%/yr | +202.5% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +225.9%+26.7%/yr | +225.9% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +402.4%+17.5%/yr | +402.4% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +131.9%+5.8%/yr | +131.9% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionFeb 28, 2008 | +382.5%+8.8%/yr | +382.5% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: DGP vs SPY
From Feb 28, 2008: DGP grew to $48,249, SPY to $78,150.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
DGP returns by calendar year
11 of 17 full years positive. Best 2025 (+141.4%), worst 2013 (−51.8%). 2026 is year to date.
DGP annual returns table
| Year | DGP | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −23.0% | −48.8% | +12.3% | +15.1% | −1.0% |
| 2025 | +141.4% | −18.2% | +17.7% | +20.8% | +7.2% |
| 2024 | +53.2% | −16.3% | +24.9% | +25.6% | +1.3% |
| 2023 | +17.0% | −24.0% | +26.2% | +54.9% | +5.7% |
| 2022 | −5.5% | −51.2% | −18.2% | −32.6% | −13.0% |
| 2021 | −11.3% | −27.2% | +28.7% | +27.4% | −1.8% |
| 2020 | +45.3% | −29.8% | +18.3% | +48.6% | +7.5% |
| 2019 | +32.3% | −22.0% | +31.2% | +39.0% | +8.5% |
| 2018 | −7.5% | −27.0% | −4.6% | −0.1% | +0.1% |
| 2017 | +24.2% | −19.8% | +21.7% | +32.7% | +3.6% |
| 2016 | +10.9% | −37.1% | +12.0% | +7.1% | +2.4% |
| 2015 | −22.8% | −37.0% | +1.2% | +9.4% | +0.5% |
| 2014 | −6.4% | −33.1% | +13.5% | +19.2% | +6.0% |
| 2013 | −51.8% | −53.7% | +32.3% | +36.6% | −2.0% |
| 2012 | +9.3% | −26.7% | +16.0% | +18.1% | +3.8% |
| 2011 | +10.9% | −35.9% | +1.9% | +3.4% | +7.7% |
| 2010 | +62.4% | −15.3% | +15.1% | +19.9% | +6.4% |
| 2009 | +46.2% | −24.3% | +26.4% | +54.7% | +3.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
DGP largest drawdowns
Now 48.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Aug 22, 2011 | −75.3% | Dec 17, 2015 | Oct 22, 2024 | 4.3 years | 13.2 years |
| Mar 17, 2008 | −55.2% | Nov 12, 2008 | Nov 9, 2009 | 8 months | 1.6 years |
| Jan 29, 2026 | −48.8% | Oct 23, 2026 | not yet | 9 months | 9 months so far |
| Dec 2, 2009 | −24.4% | Feb 8, 2010 | May 11, 2010 | 2 months | 5 months |
| Oct 20, 2025 | −18.2% | Nov 4, 2025 | Dec 22, 2025 | 15 days | 2 months |
| Oct 30, 2024 | −16.3% | Nov 15, 2024 | Jan 30, 2025 | 16 days | 3 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
DGP risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2008 |
|---|---|---|---|---|
| Annualized return | +59.7% | +32.4% | +18.6% | +9.9% |
| Volatility (annualized) | 36.2% | 33.2% | 30.6% | 35.0% |
| Sharpe ratio | 1.38 | 0.91 | 0.64 | 0.41 |
| Sortino ratio | 2.49 | 1.63 | 1.09 | 0.64 |
| Best month | +24.4% | +24.4% | +24.4% | +25.7% |
| Worst month | −23.5% | −23.5% | −23.5% | −33.9% |
| Best 12 months | +204.7% | +204.7% | +204.7% | +204.7% |
| Worst 12 months | +11.6% | −19.7% | −25.0% | −51.8% |
| Positive months | 69% | 58% | 52% | 52% |
| Beta vs S&P 500 | -0.11 | 0.34 | 0.31 | — |
| Correlation with S&P 500 | -0.04 | 0.16 | 0.15 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
DGP rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 213 | −51.8% | +10.6% | +204.7% | 61% |
| 3-year (a year) | 189 | −30.5% | +7.5% | +85.3% | 66% |
| 5-year (a year) | 165 | −19.1% | +7.5% | +44.8% | 65% |
| 10-year (a year) | 105 | −6.1% | +2.2% | +25.9% | 70% |
Every holding period starting at a month-end since 2008. Returns for 3 years and longer are annualized.
DGP performance overview
DB Gold Double Long ETN (DGP) returned −17.2% over the past year and +17.5% a year over ten years, with distributions reinvested. Since its first recorded price in 2008 it has returned +8.8% a year, turning $10,000 into about $48,249. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −75.3%, from Aug 22, 2011 to Dec 17, 2015, and it took 8.8 years to get back to the old high. DGP finished 11 of its 17 full calendar years with a gain; the best year was 2025 (+141.4%) and the worst 2013 (−51.8%). Volatility has been 35.0% a year.
Related: DGP chart. See the DGP overview for the latest quote and fund facts.
DGP performance FAQ
What is the DGP return over the past year?
DGP returned −17.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 17.2%.
What is the average annual return of DGP?
DGP has returned +26.7% a year over 5 years, +17.5% a year over 10 years, +8.8% a year since February 28, 2008 (total return, distributions reinvested).
How much would $10,000 invested in DGP be worth?
$10,000 invested in DGP at its first recorded close on February 28, 2008 would be worth about $48,249 on October 23, 2026 with distributions reinvested.
What was the worst year for DGP?
The worst calendar year was 2013, with a total return of −51.8%. The best was 2025 at +141.4%.
What is the biggest drawdown of DGP?
The largest peak-to-trough decline was −75.3% between August 22, 2011 and December 17, 2015. It recovered to the old high on October 22, 2024, 8.8 years after the bottom.
How volatile is DGP?
Over the past 3 years DGP had an annualized volatility of 36.2% and a Sharpe ratio of 1.38 (excess return over 1–3 month T-bills per unit of risk).