DZZ vs. SNPE
DZZ (DB Gold Double Short Exchange Traded Notes) and SNPE (Xtrackers S&P 500 ESG ETF) are both exchange-traded funds - DZZ is a Leveraged Commodities fund tracking the Deutsche Bank Liquid Commodity Index-Optimum Yield Gold (-200%), while SNPE is a S&P 500 fund tracking the S&P 500 ESG Index. Both are passively managed. Over the past 5 years, DZZ returned -8.56%/yr vs 13.94%/yr for SNPE. At a correlation of -0.05, they often move in opposite directions. DZZ charges 0.75%/yr vs 0.10%/yr for SNPE.
Performance
DZZ vs. SNPE - Performance Comparison
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Returns By Period
In the year-to-date period, DZZ achieves a -52.47% return, which is significantly lower than SNPE's 8.65% return.
DZZ
- 1D
- 0.02%
- 1M
- -12.68%
- YTD
- -52.47%
- 6M
- -48.59%
- 1Y
- -5.68%
- 3Y*
- -10.43%
- 5Y*
- -8.56%
- 10Y*
- -10.01%
SNPE
- 1D
- -1.60%
- 1M
- -0.30%
- YTD
- 8.65%
- 6M
- 7.98%
- 1Y
- 27.55%
- 3Y*
- 20.76%
- 5Y*
- 13.94%
- 10Y*
- —
DZZ vs. SNPE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DZZ DB Gold Double Short Exchange Traded Notes | -52.47% | 132.78% | -35.06% | -8.14% | 2.79% | 0.56% | -37.13% | -10.90% |
SNPE Xtrackers S&P 500 ESG ETF | 8.65% | 18.56% | 23.85% | 27.79% | -17.67% | 31.43% | 19.84% | 12.34% |
Correlation
The correlation between DZZ and SNPE is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2019 | -0.05 |
The correlation between DZZ and SNPE shifts across timeframes, from -0.16 (1 year) to -0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DZZ vs. SNPE — Risk / Return Rank
DZZ
SNPE
DZZ vs. SNPE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DB Gold Double Short Exchange Traded Notes (DZZ) and Xtrackers S&P 500 ESG ETF (SNPE). 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 | SNPE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.22 | ||
| Sortino ratioReturn per unit of downside risk | -1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.39 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.07 | 2.92 | -2.99 |
| Martin ratioReturn relative to average drawdown | -0.10 | 13.28 | -13.38 |
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Drawdowns
DZZ vs. SNPE - Drawdown Comparison
The maximum DZZ drawdown since its inception was -96.64%, which is greater than SNPE's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for DZZ and SNPE.
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Drawdown Indicators
| DZZ | SNPE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.64% | -33.37% | -63.27% |
Max Drawdown (1Y)Largest decline over 1 year | -81.05% | -9.46% | -71.59% |
Max Drawdown (3Y)Largest decline over 3 years | -81.05% | -19.15% | -61.90% |
Max Drawdown (5Y)Largest decline over 5 years | -81.05% | -24.65% | -56.40% |
Max Drawdown (10Y)Largest decline over 10 years | -81.05% | — | — |
Current DrawdownCurrent decline from peak | -95.55% | -2.45% | -93.10% |
Average DrawdownAverage peak-to-trough decline | -82.32% | -4.93% | -77.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 56.22% | 2.08% | +54.14% |
Volatility
DZZ vs. SNPE - Volatility Comparison
DB Gold Double Short Exchange Traded Notes (DZZ) has a higher volatility of 15.04% compared to Xtrackers S&P 500 ESG ETF (SNPE) at 5.18%. This indicates that DZZ's price experiences larger fluctuations and is considered to be riskier than SNPE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DZZ | SNPE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.04% | 5.18% | +9.86% |
Volatility (6M)Calculated over the trailing 6-month period | 60.07% | 10.18% | +49.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 169.84% | 12.71% | +157.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.80% | 17.21% | +66.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.06% | 19.68% | +44.38% |
DZZ vs. SNPE - Expense Ratio Comparison
DZZ has a 0.75% expense ratio, which is higher than SNPE's 0.10% expense ratio.
Dividends
DZZ vs. SNPE - Dividend Comparison
DZZ has not paid dividends to shareholders, while SNPE's dividend yield for the trailing twelve months is around 0.97%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
DZZ DB Gold Double Short Exchange Traded Notes | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SNPE Xtrackers S&P 500 ESG ETF | 0.97% | 1.01% | 1.17% | 1.32% | 1.65% | 1.08% | 1.42% | 1.20% |
Frequently Asked Questions
DZZ and SNPE have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DZZ has higher volatility (15.04%) compared to SNPE (5.18%). In terms of maximum drawdown, DZZ dropped -96.64% vs SNPE's -33.37%.
On 5-year performance, SNPE leads with 13.94% vs -8.56% for DZZ. On fees, SNPE is cheaper at 0.10% per year. On volatility, SNPE has been the lower-risk option at 5.18%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SNPE has performed better with a 13.94% return vs -8.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SNPE is cheaper with a 0.10% expense ratio, compared with 0.75% for DZZ.
SNPE has the higher dividend yield at 0.97%, compared with 0.00% for DZZ.
DZZ is categorized as Leveraged Commodities, while SNPE is S&P 500. DZZ tracks Deutsche Bank Liquid Commodity Index-Optimum Yield Gold (-200%), while SNPE tracks S&P 500 ESG Index. Their fees differ too: 0.75% for DZZ and 0.10% for SNPE.
SNPE currently has the higher Sharpe Ratio (2.18 vs -0.03), 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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