DZZ vs. NVDQ
DZZ (DB Gold Double Short Exchange Traded Notes) and NVDQ (T-Rex 2X Inverse NVIDIA Daily Target ETF) are both exchange-traded funds - DZZ is a Leveraged Commodities fund tracking the Deutsche Bank Liquid Commodity Index-Optimum Yield Gold (-200%), while NVDQ is a Inverse Equities fund actively managed by T-Rex. DZZ is passively managed, while NVDQ is actively managed. Over the past year, DZZ returned 3.85% vs -69.65% for NVDQ. At a 0.00 correlation, their price movements are largely independent. DZZ charges 0.75%/yr vs 1.05%/yr for NVDQ.
Performance
DZZ vs. NVDQ - Performance Comparison
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Returns By Period
In the year-to-date period, DZZ achieves a -50.78% return, which is significantly lower than NVDQ's -38.57% return.
DZZ
- 1D
- -4.79%
- 1M
- -19.92%
- YTD
- -50.78%
- 6M
- -42.90%
- 1Y
- 3.85%
- 3Y*
- -8.41%
- 5Y*
- -5.74%
- 10Y*
- -10.94%
NVDQ
- 1D
- -3.82%
- 1M
- -23.21%
- YTD
- -38.57%
- 6M
- -41.67%
- 1Y
- -69.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DZZ vs. NVDQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DZZ DB Gold Double Short Exchange Traded Notes | -50.78% | 132.78% | -35.06% | 2.42% |
NVDQ T-Rex 2X Inverse NVIDIA Daily Target ETF | -38.57% | -74.63% | -93.80% | -30.70% |
Correlation
The correlation between DZZ and NVDQ is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2023 | 0.00 |
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Return for Risk
DZZ vs. NVDQ — Risk / Return Rank
DZZ
NVDQ
DZZ vs. NVDQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DB Gold Double Short Exchange Traded Notes (DZZ) and T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ). 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 | NVDQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.05 | ||
| Sortino ratioReturn per unit of downside risk | +3.45 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.79 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 0.05 | -0.95 | +1.00 |
| Martin ratioReturn relative to average drawdown | 0.07 | -1.43 | +1.50 |
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 | NVDQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.02 | -1.03 | +1.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.07 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.17 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.24 | -0.89 | +0.66 |
Drawdowns
DZZ vs. NVDQ - Drawdown Comparison
The maximum DZZ drawdown since its inception was -96.64%, roughly equal to the maximum NVDQ drawdown of -99.45%. Use the drawdown chart below to compare losses from any high point for DZZ and NVDQ.
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Drawdown Indicators
| DZZ | NVDQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.64% | -99.45% | +2.81% |
Max Drawdown (1Y)Largest decline over 1 year | -80.84% | -73.67% | -7.17% |
Max Drawdown (3Y)Largest decline over 3 years | -80.84% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -80.84% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -80.84% | — | — |
Current DrawdownCurrent decline from peak | -95.40% | -99.38% | +3.98% |
Average DrawdownAverage peak-to-trough decline | -82.30% | -88.22% | +5.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 53.43% | 48.77% | +4.66% |
Volatility
DZZ vs. NVDQ - Volatility Comparison
DB Gold Double Short Exchange Traded Notes (DZZ) has a higher volatility of 30.48% compared to T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ) at 25.78%. This indicates that DZZ's price experiences larger fluctuations and is considered to be riskier than NVDQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DZZ | NVDQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.48% | 25.78% | +4.70% |
Volatility (6M)Calculated over the trailing 6-month period | 59.82% | 51.89% | +7.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 169.50% | 67.77% | +101.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.65% | 95.47% | -11.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.06% | 95.47% | -31.41% |
DZZ vs. NVDQ - Expense Ratio Comparison
DZZ has a 0.75% expense ratio, which is lower than NVDQ's 1.05% expense ratio.
Dividends
DZZ vs. NVDQ - Dividend Comparison
DZZ has not paid dividends to shareholders, while NVDQ's dividend yield for the trailing twelve months is around 0.42%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
DZZ DB Gold Double Short Exchange Traded Notes | 0.00% | 0.00% | 0.00% | 0.00% |
NVDQ T-Rex 2X Inverse NVIDIA Daily Target ETF | 0.42% | 0.26% | 4.59% | 11.60% |
Frequently Asked Questions
DZZ and NVDQ have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DZZ has higher volatility (30.48%) compared to NVDQ (25.78%). In terms of maximum drawdown, DZZ dropped -96.64% vs NVDQ's -99.45%.
On 1-year performance, DZZ leads with 3.85% vs -69.65% for NVDQ. On fees, DZZ is cheaper at 0.75% per year. On volatility, NVDQ has been the lower-risk option at 25.78%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DZZ has performed better with a 3.85% return vs -69.65%. 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 1.05% for NVDQ.
NVDQ has the higher dividend yield at 0.42%, compared with 0.00% for DZZ.
DZZ is categorized as Leveraged Commodities, while NVDQ is Inverse Equities. They also come from different issuers: Deutsche Bank and T-Rex. Their fees differ too: 0.75% for DZZ and 1.05% for NVDQ.
DZZ currently has the higher Sharpe Ratio (0.02 vs -1.03), 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.
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