PortfoliosLab logo
DB Gold Double Short Exchange Traded Notes (DZZ)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISIN

US25154H7567

CUSIP

25154H756

Inception Date

Feb 27, 2008

Region

Global (Broad)

Leveraged

2x

Index Tracked

Deutsche Bank Liquid Commodity Index-Optimum Yield Gold (-200%)

Asset Class

Commodity

Expense Ratio

DZZ has an expense ratio of 0.75%, placing it in the medium range.


Share Price Chart


Loading data...

Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Popular comparisons:
DZZ vs. UGL DZZ vs. GLD
Popular comparisons:

Performance

Performance Chart


Loading data...

S&P 500

Returns By Period

DB Gold Double Short Exchange Traded Notes (DZZ) returned 14.55% year-to-date (YTD) and -2.58% over the past 12 months. Over the past 10 years, DZZ returned -12.59% annually, underperforming the S&P 500 benchmark at 10.88%.


DZZ

YTD

14.55%

1M

-2.58%

6M

14.91%

1Y

-2.58%

3Y*

-10.09%

5Y*

-12.19%

10Y*

-12.59%

^GSPC (Benchmark)

YTD

0.68%

1M

7.17%

6M

-1.66%

1Y

11.63%

3Y*

12.51%

5Y*

14.34%

10Y*

10.88%

*Annualized

Monthly Returns

The table below presents the monthly returns of DZZ, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025-3.64%23.27%-16.84%19.63%-3.08%14.55%
2024-2.36%4.84%-13.46%-7.56%-3.37%-0.50%-5.50%-1.59%-5.86%-4.63%-1.80%0.61%-35.04%
2023-10.47%10.48%-13.14%-1.68%3.85%5.35%-3.71%4.26%13.23%-15.46%-3.25%6.72%-8.30%
20223.72%-10.04%-5.58%4.22%6.46%3.82%5.49%6.25%7.84%6.06%-18.86%-2.46%2.97%
20212.99%11.96%2.59%-6.31%-14.81%13.44%-5.23%0.37%5.86%-2.77%1.78%-5.94%0.37%
20201.06%-1.40%-3.30%-8.68%-2.78%-6.04%-26.02%-2.37%7.49%1.69%11.11%-10.67%-37.02%
2019-5.00%1.63%3.75%1.98%-2.96%-15.04%-0.80%-13.95%7.31%-5.13%5.30%-4.81%-26.64%
2018-5.97%4.37%-0.76%2.30%2.81%7.94%4.79%4.99%1.69%-3.47%-0.34%-9.07%8.21%
2017-10.58%-6.20%1.04%-2.57%-0.19%4.66%-4.28%-7.95%6.33%1.99%-0.53%-4.63%-21.81%
2016-10.60%-21.82%5.97%-14.16%12.59%-17.90%-3.33%7.14%-1.67%6.03%17.05%4.02%-22.72%
2015-16.93%11.78%4.69%0.01%-1.23%2.93%13.61%-7.42%3.44%-4.80%13.57%0.91%17.33%
2014-6.63%-12.81%5.91%-0.90%5.94%-12.64%6.91%-0.46%12.29%6.26%1.17%-3.20%-1.69%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of DZZ is 22, meaning it’s performing worse than 78% of other ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of DZZ is 2222
Overall Rank
The Sharpe Ratio Rank of DZZ is 1515
Sharpe Ratio Rank
The Sortino Ratio Rank of DZZ is 3030
Sortino Ratio Rank
The Omega Ratio Rank of DZZ is 2727
Omega Ratio Rank
The Calmar Ratio Rank of DZZ is 1919
Calmar Ratio Rank
The Martin Ratio Rank of DZZ is 1919
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

DB Gold Double Short Exchange Traded Notes Sharpe ratios as of May 28, 2025 (values are recalculated daily):

  • 1-Year: -0.05
  • 5-Year: -0.31
  • 10-Year: -0.35
  • All Time: -0.36

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of DB Gold Double Short Exchange Traded Notes compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.


Loading data...

Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History


DB Gold Double Short Exchange Traded Notes doesn't pay dividends

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


Loading data...

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 96.64%, occurring on Feb 5, 2025. The portfolio has not yet recovered.

The current DB Gold Double Short Exchange Traded Notes drawdown is 95.40%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-96.64%Nov 13, 20084080Feb 5, 2025
-33.28%Sep 12, 200812Sep 29, 200818Oct 23, 200830
-23.87%May 2, 200851Jul 15, 200819Aug 11, 200870
-13.79%Oct 24, 20088Nov 4, 20086Nov 12, 200814
-12.5%Apr 2, 200811Apr 16, 20089Apr 29, 200820
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


Loading data...