DZZ vs. GLD
Compare and contrast key facts about DB Gold Double Short Exchange Traded Notes (DZZ) and SPDR Gold Trust (GLD).
DZZ and GLD 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. GLD is a passively managed fund by State Street that tracks the performance of the Gold Bullion. It was launched on Nov 18, 2004. Both DZZ and GLD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DZZ or GLD.
Correlation
The correlation between DZZ and GLD is -0.03. 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.
Performance
DZZ vs. GLD - Performance Comparison
Key characteristics
DZZ:
-0.17
GLD:
2.49
DZZ:
0.13
GLD:
3.30
DZZ:
1.01
GLD:
1.43
DZZ:
-0.10
GLD:
5.14
DZZ:
-0.49
GLD:
14.01
DZZ:
19.14%
GLD:
2.98%
DZZ:
54.40%
GLD:
16.80%
DZZ:
-96.64%
GLD:
-45.56%
DZZ:
-95.27%
GLD:
-3.44%
Returns By Period
In the year-to-date period, DZZ achieves a 17.58% return, which is significantly lower than GLD's 25.85% return. Over the past 10 years, DZZ has underperformed GLD with an annualized return of -12.52%, while GLD has yielded a comparatively higher 10.42% annualized return.
DZZ
17.58%
20.50%
18.29%
-7.18%
-12.58%
-12.52%
GLD
25.85%
7.28%
20.29%
40.67%
13.69%
10.42%
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DZZ vs. GLD - Expense Ratio Comparison
DZZ has a 0.75% expense ratio, which is higher than GLD's 0.40% expense ratio.
Risk-Adjusted Performance
DZZ vs. GLD — Risk-Adjusted Performance Rank
DZZ
GLD
DZZ vs. GLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DB Gold Double Short Exchange Traded Notes (DZZ) and SPDR Gold Trust (GLD). 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.
Dividends
DZZ vs. GLD - Dividend Comparison
Neither DZZ nor GLD has paid dividends to shareholders.
Drawdowns
DZZ vs. GLD - Drawdown Comparison
The maximum DZZ drawdown since its inception was -96.64%, which is greater than GLD's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for DZZ and GLD. For additional features, visit the drawdowns tool.
Volatility
DZZ vs. GLD - Volatility Comparison
DB Gold Double Short Exchange Traded Notes (DZZ) has a higher volatility of 19.44% compared to SPDR Gold Trust (GLD) at 8.30%. This indicates that DZZ's price experiences larger fluctuations and is considered to be riskier than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.