DB Gold Double Short Exchange Traded Notes (DZZ)
DZZ is a passive ETF by Deutsche Bank tracking the investment results of the Deutsche Bank Liquid Commodity Index-Optimum Yield Gold (-200%). DZZ launched on Feb 27, 2008 and has a 0.75% expense ratio.
ETF Info
| ISIN | US25154H7567 |
|---|---|
| CUSIP | 25154H756 |
| Issuer | Deutsche Bank |
| Inception Date | Feb 27, 2008 |
| Region | Global (Broad) |
| Category | Leveraged Commodities, Leveraged, Gold |
| Leveraged | 2x |
| Index Tracked | Deutsche Bank Liquid Commodity Index-Optimum Yield Gold (-200%) |
| Asset Class | Commodity |
Expense Ratio
The DB Gold Double Short Exchange Traded Notes has a high expense ratio of 0.75%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: DZZ vs. UGL
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in DB Gold Double Short Exchange Traded Notes, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
DB Gold Double Short Exchange Traded Notes had a return of -17.65% year-to-date (YTD) and -10.61% in the last 12 months. Over the past 10 years, DB Gold Double Short Exchange Traded Notes had an annualized return of -10.74%, while the S&P 500 had an annualized return of 10.46%, indicating that DB Gold Double Short Exchange Traded Notes did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -17.65% | 5.84% |
| 1 month | -9.24% | -2.98% |
| 6 months | -14.62% | 22.02% |
| 1 year | -10.61% | 24.47% |
| 5 years (annualized) | -18.73% | 11.44% |
| 10 years (annualized) | -10.74% | 10.46% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -2.36% | 4.84% | -13.46% | |||||||||
| 2023 | 13.23% | -15.46% | -3.25% | 6.72% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
DB Gold Double Short Exchange Traded Notes(DZZ)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for DB Gold Double Short Exchange Traded Notes (DZZ) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the DB Gold Double Short Exchange Traded Notes. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the DB Gold Double Short Exchange Traded Notes was 95.13%, occurring on Apr 16, 2024. The portfolio has not yet recovered.
The current DB Gold Double Short Exchange Traded Notes drawdown is 94.90%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -95.13% | Nov 13, 2008 | 3878 | Apr 16, 2024 | — | — | — |
| -33.28% | Sep 12, 2008 | 12 | Sep 29, 2008 | 18 | Oct 23, 2008 | 30 |
| -23.87% | May 2, 2008 | 51 | Jul 15, 2008 | 19 | Aug 11, 2008 | 70 |
| -13.79% | Oct 24, 2008 | 8 | Nov 4, 2008 | 6 | Nov 12, 2008 | 14 |
| -12.5% | Apr 2, 2008 | 11 | Apr 16, 2008 | 9 | Apr 29, 2008 | 20 |
Volatility
Volatility Chart
The current DB Gold Double Short Exchange Traded Notes volatility is 7.58%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.