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ETFs

DB Gold Double Short ETN due February 15, 2038

DZZ
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Feb 27, 2008
Expense Ratio
0.75%
Type
Global Commodities & Metals
Fund Owner
DWS
Volume (1m avg. daily)
$5,245
AUM
$4,740,595
Associated Index
Deutsche Bank Liquid Commodity Index Optimum Yield Gold
Inverse/Leveraged
Inverse (-2x)
Passive/Active
Passive
Fractionable on Composer
No
Invest with DZZ
Trade DZZ Options

What is DZZ?

All of the DB Gold ETNs are based on a total return version of the Deutsche Bank Liquid Commodity Index Optimum Yield GoldTM , which is intended to track the long or short performance of a single unfunded gold futures contract.

1M
3M
6M
YTD
1Y
3Y
Max
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DZZ
Performance Measures**

for the time period Feb 28, 2008 to Dec 4, 2025

Returns

1M Trailing Return: -52.1%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 91.9%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -96.6%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 53.7%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.01

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: -0.11

The annualized return divided by the max drawdown for the selected time period.

ETFs related toDZZ

ETFs correlated to DZZ include GLL, DUST, GDXD

DZZ
Deutsche Bank AG London - DB Gold Double Short ETN
GLL
ProShares Trust - ProShares UltraShort Gold -2x Shares
DUST
Direxion Shares ETF Trust - Direxion Daily Gold Miners Index Bear -2X Shares
GDXD
Bank of Montreal - MicroSectors Gold Miners -3X Inverse Leveraged ETNs
JDST
Direxion Shares ETF Trust - Direxion Daily Junior Gold Miners Index Bear -2X Shares
ZSL
ProShares Trust - ProShares UltraShort Silver -2x Shares
USDU
WisdomTree Trust - WisdomTree Bloomberg U.S. Dollar Bullish Fund
UUP
Invesco DB US Dollar Index Trust - Invesco DB US Dollar Index Bullish Fund
EUO
ProShares Trust - ProShares UltraShort Euro -2X Shares
TBX
ProShares Trust - ProShares Short 7-10 Year Treasury -1x Shares
PST
Invesco Capital Management LLC - PowerShares UltraShort Lehman 7-10 + Year Treasury ProShares -2X Sh

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Trading Strategies
Related toDZZ

V1a Deez the mad lad (Golden Ark Ballers)+V1a 15/15 MIM CONS

Category

Tactical allocation, trend/momentum, leveraged ETFs, long/short tech, ARK rotation, bitcoin overlay, gold/silver swings, energy momentum, USD hedge

OOS Cumulative Return

155.52%

Deez the mad lad (Golden Ark Ballers)

Category

Tactical, leveraged ETFs, trend + mean‑reversion, volatility hedge, tech/semis, gold/silver, energy momentum, crypto overlay

OOS Cumulative Return

126.34%

Create your own algorithmic trading strategy with DZZ using Composer

FAQ

DZZ is a Global Commodities & Metals ETF. All of the DB Gold ETNs are based on a total return version of the Deutsche Bank Liquid Commodity Index Optimum Yield GoldTM , which is intended to track the long or short performance of a single unfunded gold futures contract.

DZZ tracks the Deutsche Bank Liquid Commodity Index Optimum Yield Gold.

No, DZZ is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, DZZ is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on DZZ is 0.0114%. This is the percent change in the value of DZZ over the most recent 1-month period. The 3-month return on DZZ is 0.0493%. This is the percent change in the value of DZZ over the most recent 3-month period.

The standard deviation of DZZ for the past year is 0.3447%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to DZZ include DGZ, DGP, and SHNY.

ETFs correlated to DZZ include GLL, DUST, and GDXD.

ETFs that are inversely correlated to DZZ include GLD, SGOL, and GLDM.

Yes, DZZ is a Inverse (-2x) ETF: This means that DZZ will try to match the performance of Deutsche Bank Liquid Commodity Index Optimum Yield Gold, but with 2x the returns.

Yes, DZZ is a Inverse (-2x) leveraged ETF: This means that DZZ will try to match the performance of Deutsche Bank Liquid Commodity Index Optimum Yield Gold, but move 2x in the opposite direction.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.