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›ETF Providers›Deutsche Bank AG›DGZ
DGZ
US25154H7310
Passive ETNCommodity

DGZ ETN · DB Gold Short Exchange Traded Notes

The DGZ Exchange Traded Note (ETN) is provided by Deutsche Bank AG. It is built to track an index: DBIQ Optimum Yield Gold Index. The dividend policy is capitalization.
Last update 3/13/2026, 1:30 PM UTC
LIVE
CLOSED
This fund is part ofInverse Commodity1M perf.-17.96%
Last price
$4.70
1M perf.
-4.57%
1M flows
N/A
AuM
€1.2M
E/R
0.75%
Rating
Not rated
ESG Consensus®
esg grade icon
DGZ
$4.70

Performance & flows

December 11, 2025 → March 11, 2026
0-25-20-15-10-50%JANFEBMAR
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DGZ
$4.42
-19.86%

Historic performance and flows

1M3M1Y3Y5YMTDQTDYTD
Perf.
-4.57%
-19.86%
-42.62%
-56.63%
-59.16%
-1.08%
-16.77%
-16.77%
Flows

Key fund info

This ETF's jurisdiction country is not in your region (Europe and Middle East) Â· 
Main characteristics
CUSIP
25154H731
ISIN
US25154H7310
AuM
€1.2M
E/R
0.75%
Replication rating
Not rated
ESG Consensus®
esg grade icon
More details
NAV
3/11/2026
$4.41
1D NAV change
-2.52%
Dividend policy
No income
Replication method
Other
Replication model
Other
No. of holdings
N/A
Inception date
2/27/2008
Jurisdiction
United States
Distribution
United States
Legal structure
Debt instrument
Base currency
USD
Classification
Product type
Benchmark
DBIQ Optimum Yield Gold Index
Asset class
Factors
N/A
Investment strategy
DB Gold Short ETN is an exchange-traded note issued in the USA by Deutsche Bank AG (London). The Notes will provide investors with a cash payment at the scheduled maturity or early redemption, based on the inverse (opposite) performance of its underlying index plus the monthly T-Bill index return.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile

Historical risk/return profile

3M1Y3Y5Y
Returns
-19.86%
-42.62%
-56.63%
-59.16%
Volatility
Perf./Volatility
Max drawdown
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
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Exposure

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Sustainability

Integrates ESG criteria
No
SDG
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Issuer

Deutsche Bank AG
Deutsche Bank AG ID Card
Number of funds
3
Total AuM
€346M
Expense ratio range
0.75% - 0.75%
Average expense ratio
0.75%

Frequently asked questions about DGZ

What does DB Gold Short Exchange Traded Notes, DGZ, invest in?

DGZ is a Passive ETF. This ETN provides inverse exposure (-1x) to Gold.

Which benchmark or index does DGZ replicate?

DGZ tracks the DBIQ Optimum Yield Gold Excess Return Index - USD, through a replication method.

What is the Total Expense ratio (TER) of DGZ?

DGZ carries a total expense ratio (TER) of 0.75%, indicating the annual cost for holding the fund.

When was DGZ launched?

DGZ was introduced to the market on February 27, 2008. It trades on United States

Who is the ETF issuer of DGZ?

DB Gold Short Exchange Traded Notes, DGZ, is provided by Deutsche Bank AG. Learn more about Deutsche Bank AG here.

What is the current assets under management (AUM) of DGZ?

DGZ oversees €1.2M in assets as of March 11, 2026.

How has DGZ performed lately?

Based on data from March 11, 2026, DGZ returned -4.57% over the past month, -19.86% over the last three months and -16.77% year-to-date.

What is the base currency of DGZ?

The base currency of DGZ is USD.

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