DZZ vs. CPXR
DZZ (DB Gold Double Short Exchange Traded Notes) and CPXR (USCF Daily Target 2X Copper Index ETF) are both exchange-traded funds - DZZ is a Leveraged Commodities fund tracking the Deutsche Bank Liquid Commodity Index-Optimum Yield Gold (-200%), while CPXR is a Copper fund tracking the SummerHaven Copper Index. Both are passively managed. Over the past year, DZZ returned 6.12% vs 83.67% for CPXR. Their -0.18 correlation means they have often moved in opposite directions in the past. DZZ charges 0.75%/yr vs 1.20%/yr for CPXR.
Performance
DZZ vs. CPXR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DZZ achieves a -50.53% return, which is significantly lower than CPXR's 20.21% return.
DZZ
- 1D
- -0.55%
- 1M
- -7.58%
- 6M
- -52.15%
- YTD
- -50.53%
- 1Y
- 6.12%
- 3Y*
- -9.06%
- 5Y*
- -6.95%
- 10Y*
- -9.09%
- ALL TIME*
- -13.05%
CPXR
- 1D
- 1.31%
- 1M
- 11.94%
- 6M
- 12.04%
- YTD
- 20.21%
- 1Y
- 83.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 37.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $409.02K | $351.97K | $733.40K | |
| $5.88K | $5.95K | $21.77K |
DZZ vs. CPXR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DZZ DB Gold Double Short Exchange Traded Notes | -50.53% | 132.73% |
CPXR USCF Daily Target 2X Copper Index ETF | 20.21% | 35.65% |
Correlation
The correlation between DZZ and CPXR is -0.25, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.25 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2025 | -0.18 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DZZ vs. CPXR — Risk / Return Rank
DZZ
CPXR
DZZ vs. CPXR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DB Gold Double Short Exchange Traded Notes (DZZ) and USCF Daily Target 2X Copper Index ETF (CPXR). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DZZ | CPXR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.27 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.02 | 2.71 | -2.69 |
| Martin ratioReturn relative to average drawdown | 0.03 | 7.86 | -7.82 |
Loading charts...
Drawdowns
DZZ vs. CPXR - Drawdown Comparison
The maximum DZZ drawdown since its inception was -96.64%, which is greater than CPXR's maximum drawdown of -47.87%. Use the drawdown chart below to compare losses from any high point for DZZ and CPXR.
Loading charts...
Drawdown Indicators
| DZZ | CPXR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.64% | -47.87% | -48.77% |
Max Drawdown (1Y)Largest decline over 1 year | -81.05% | -31.64% | -49.41% |
Max Drawdown (3Y)Largest decline over 3 years | -81.05% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -81.05% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -81.05% | — | — |
Current DrawdownCurrent decline from peak | -95.37% | -6.19% | -89.18% |
Average DrawdownAverage peak-to-trough decline | -82.40% | -18.96% | -63.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 61.82% | 10.90% | +50.92% |
Volatility
DZZ vs. CPXR - Volatility Comparison
DB Gold Double Short Exchange Traded Notes (DZZ) has a higher volatility of 14.44% compared to USCF Daily Target 2X Copper Index ETF (CPXR) at 12.08%. This indicates that DZZ's price experiences larger fluctuations and is considered to be riskier than CPXR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DZZ | CPXR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.44% | 12.08% | +2.36% |
Volatility (6M)Calculated over the trailing 6-month period | 52.18% | 42.09% | +10.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 170.05% | 56.10% | +113.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 84.19% | 66.91% | +17.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.26% | 66.91% | -2.65% |
DZZ vs. CPXR - Expense Ratio Comparison
DZZ has a 0.75% expense ratio, which is lower than CPXR's 1.20% expense ratio.
Dividends
DZZ vs. CPXR - Dividend Comparison
DZZ has not paid dividends to shareholders, while CPXR's dividend yield for the trailing twelve months is around 0.58%.
| Position | TTM | 2025 |
|---|---|---|
CPXR USCF Daily Target 2X Copper Index ETF | 0.58% | 0.70% |
DZZ DB Gold Double Short Exchange Traded Notes | 0.00% | 0.00% |
Frequently Asked Questions
DZZ and CPXR have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DZZ has higher volatility (14.44%) compared to CPXR (12.08%). In terms of maximum drawdown, DZZ dropped -96.64% vs CPXR's -47.87%.
On 1-year performance, CPXR leads with 83.67% vs 6.12% for DZZ. On fees, DZZ is cheaper at 0.75% per year. On volatility, CPXR has been the lower-risk option at 12.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, CPXR has performed better with a 83.67% return vs 6.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DZZ is cheaper with a 0.75% expense ratio, compared with 1.20% for CPXR.
CPXR has the higher dividend yield at 0.58%, compared with 0.00% for DZZ.
DZZ is categorized as Leveraged Commodities, while CPXR is Copper. DZZ tracks Deutsche Bank Liquid Commodity Index-Optimum Yield Gold (-200%), while CPXR tracks SummerHaven Copper Index. They also come from different issuers: Deutsche Bank and USCF. Their fees differ too: 0.75% for DZZ and 1.20% for CPXR.
CPXR currently has the higher Sharpe Ratio (1.55 vs 0.01), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for DZZ and CPXR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer