DZZ vs. BGLD
Compare and contrast key facts about DB Gold Double Short Exchange Traded Notes (DZZ) and FT Vest Gold Strategy Quarterly Buffer ETF (BGLD).
DZZ and BGLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DZZ is a passively managed fund by Deutsche Bank that tracks the performance of the Deutsche Bank Liquid Commodity Index-Optimum Yield Gold (-200%). It was launched on Feb 27, 2008. BGLD is an actively managed fund by FT Vest. It was launched on Jan 20, 2021.
Performance
DZZ vs. BGLD - Performance Comparison
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DZZ vs. BGLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DZZ DB Gold Double Short Exchange Traded Notes | -31.51% | 132.78% | -35.06% | -8.14% | 2.79% | 0.19% |
BGLD FT Vest Gold Strategy Quarterly Buffer ETF | 0.18% | 33.03% | 21.80% | 13.24% | -2.42% | -5.57% |
Returns By Period
In the year-to-date period, DZZ achieves a -31.51% return, which is significantly lower than BGLD's 0.18% return.
DZZ
- 1D
- -2.77%
- 1M
- 3.34%
- YTD
- -31.51%
- 6M
- 72.00%
- 1Y
- 61.35%
- 3Y*
- 3.35%
- 5Y*
- -3.31%
- 10Y*
- -8.65%
BGLD
- 1D
- 2.63%
- 1M
- -6.42%
- YTD
- 0.18%
- 6M
- 2.66%
- 1Y
- 16.42%
- 3Y*
- 20.21%
- 5Y*
- 12.18%
- 10Y*
- —
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DZZ vs. BGLD - Expense Ratio Comparison
DZZ has a 0.75% expense ratio, which is lower than BGLD's 0.91% expense ratio.
Return for Risk
DZZ vs. BGLD — Risk / Return Rank
DZZ
BGLD
DZZ vs. BGLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DB Gold Double Short Exchange Traded Notes (DZZ) and FT Vest Gold Strategy Quarterly Buffer ETF (BGLD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| DZZ | BGLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.37 | 1.37 | -1.00 |
Sortino ratioReturn per unit of downside risk | 2.35 | 1.89 | +0.46 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.28 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.85 | 1.51 | -0.67 |
Martin ratioReturn relative to average drawdown | 1.46 | 7.80 | -6.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DZZ | BGLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.37 | 1.37 | -1.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | 1.24 | -1.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.14 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.21 | 1.09 | -1.30 |
Correlation
The correlation between DZZ and BGLD is -0.54. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
DZZ vs. BGLD - Dividend Comparison
DZZ has not paid dividends to shareholders, while BGLD's dividend yield for the trailing twelve months is around 44.24%.
| TTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DZZ DB Gold Double Short Exchange Traded Notes | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BGLD FT Vest Gold Strategy Quarterly Buffer ETF | 44.24% | 44.32% | 25.04% | 10.49% | 0.40% |
Drawdowns
DZZ vs. BGLD - Drawdown Comparison
The maximum DZZ drawdown since its inception was -96.64%, which is greater than BGLD's maximum drawdown of -16.19%. Use the drawdown chart below to compare losses from any high point for DZZ and BGLD.
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Drawdown Indicators
| DZZ | BGLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.64% | -16.19% | -80.45% |
Max Drawdown (1Y)Largest decline over 1 year | -74.95% | -11.11% | -63.84% |
Max Drawdown (5Y)Largest decline over 5 years | -74.95% | -16.19% | -58.76% |
Max Drawdown (10Y)Largest decline over 10 years | -80.59% | — | — |
Current DrawdownCurrent decline from peak | -93.59% | -7.35% | -86.24% |
Average DrawdownAverage peak-to-trough decline | -82.19% | -3.54% | -78.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.32% | 2.15% | +41.17% |
Volatility
DZZ vs. BGLD - Volatility Comparison
DB Gold Double Short Exchange Traded Notes (DZZ) has a higher volatility of 15.61% compared to FT Vest Gold Strategy Quarterly Buffer ETF (BGLD) at 6.83%. This indicates that DZZ's price experiences larger fluctuations and is considered to be riskier than BGLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DZZ | BGLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.61% | 6.83% | +8.78% |
Volatility (6M)Calculated over the trailing 6-month period | 126.04% | 9.28% | +116.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 168.01% | 12.06% | +155.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.53% | 9.88% | +72.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.37% | 9.87% | +53.50% |