DZZ vs. KOLD
Compare and contrast key facts about DB Gold Double Short Exchange Traded Notes (DZZ) and ProShares UltraShort Bloomberg Natural Gas (KOLD).
DZZ and KOLD 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. KOLD is a passively managed fund by ProShares that tracks the performance of the Bloomberg Natural Gas Subindex (TR) (200%). It was launched on Oct 4, 2011. Both DZZ and KOLD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
DZZ vs. KOLD - Performance Comparison
Loading graphics...
DZZ vs. KOLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DZZ DB Gold Double Short Exchange Traded Notes | -31.51% | 132.78% | -35.06% | -8.14% | 2.79% | 0.56% | -37.13% | -26.64% | 8.21% | -21.81% |
KOLD ProShares UltraShort Bloomberg Natural Gas | -38.45% | -17.48% | -11.34% | 249.82% | -88.62% | -74.44% | 22.05% | 82.94% | -46.48% | 72.02% |
Returns By Period
In the year-to-date period, DZZ achieves a -31.51% return, which is significantly higher than KOLD's -38.45% return. Over the past 10 years, DZZ has outperformed KOLD with an annualized return of -8.65%, while KOLD has yielded a comparatively lower -29.03% annualized 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%
KOLD
- 1D
- -0.73%
- 1M
- -7.42%
- YTD
- -38.45%
- 6M
- -37.60%
- 1Y
- 10.94%
- 3Y*
- -15.68%
- 5Y*
- -43.73%
- 10Y*
- -29.03%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
DZZ vs. KOLD - Expense Ratio Comparison
DZZ has a 0.75% expense ratio, which is lower than KOLD's 0.95% expense ratio.
Return for Risk
DZZ vs. KOLD — Risk / Return Rank
DZZ
KOLD
DZZ vs. KOLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DB Gold Double Short Exchange Traded Notes (DZZ) and ProShares UltraShort Bloomberg Natural Gas (KOLD). 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 | KOLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.37 | 0.09 | +0.28 |
Sortino ratioReturn per unit of downside risk | 2.35 | 1.02 | +1.33 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.13 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 0.85 | 0.11 | +0.73 |
Martin ratioReturn relative to average drawdown | 1.46 | 0.27 | +1.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| DZZ | KOLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.37 | 0.09 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | -0.37 | +0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.14 | -0.29 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.21 | -0.15 | -0.07 |
Correlation
The correlation between DZZ and KOLD is -0.01. 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. KOLD - Dividend Comparison
Neither DZZ nor KOLD has paid dividends to shareholders.
Drawdowns
DZZ vs. KOLD - Drawdown Comparison
The maximum DZZ drawdown since its inception was -96.64%, roughly equal to the maximum KOLD drawdown of -99.45%. Use the drawdown chart below to compare losses from any high point for DZZ and KOLD.
Loading graphics...
Drawdown Indicators
| DZZ | KOLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.64% | -99.45% | +2.81% |
Max Drawdown (1Y)Largest decline over 1 year | -74.95% | -72.50% | -2.45% |
Max Drawdown (5Y)Largest decline over 5 years | -74.95% | -98.91% | +23.96% |
Max Drawdown (10Y)Largest decline over 10 years | -80.59% | -99.45% | +18.86% |
Current DrawdownCurrent decline from peak | -93.59% | -97.48% | +3.89% |
Average DrawdownAverage peak-to-trough decline | -82.19% | -69.15% | -13.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.32% | 31.16% | +12.16% |
Volatility
DZZ vs. KOLD - Volatility Comparison
The current volatility for DB Gold Double Short Exchange Traded Notes (DZZ) is 15.61%, while ProShares UltraShort Bloomberg Natural Gas (KOLD) has a volatility of 29.18%. This indicates that DZZ experiences smaller price fluctuations and is considered to be less risky than KOLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| DZZ | KOLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.61% | 29.18% | -13.57% |
Volatility (6M)Calculated over the trailing 6-month period | 126.04% | 101.24% | +24.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 168.01% | 120.63% | +47.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.53% | 118.49% | -35.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.37% | 101.91% | -38.54% |