DZZ vs. TSMX
Compare and contrast key facts about DB Gold Double Short Exchange Traded Notes (DZZ) and Direxion Daily TSM Bull 2X Shares (TSMX).
DZZ and TSMX 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. TSMX is an actively managed fund by Direxion. It was launched on Oct 3, 2024.
Performance
DZZ vs. TSMX - Performance Comparison
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DZZ vs. TSMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DZZ DB Gold Double Short Exchange Traded Notes | -31.51% | 132.78% | -0.92% |
TSMX Direxion Daily TSM Bull 2X Shares | 16.15% | 81.48% | 14.76% |
Returns By Period
In the year-to-date period, DZZ achieves a -31.51% return, which is significantly lower than TSMX's 16.15% 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%
TSMX
- 1D
- 13.81%
- 1M
- -20.58%
- YTD
- 16.15%
- 6M
- 30.27%
- 1Y
- 227.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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DZZ vs. TSMX - Expense Ratio Comparison
DZZ has a 0.75% expense ratio, which is lower than TSMX's 1.05% expense ratio.
Return for Risk
DZZ vs. TSMX — Risk / Return Rank
DZZ
TSMX
DZZ vs. TSMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DB Gold Double Short Exchange Traded Notes (DZZ) and Direxion Daily TSM Bull 2X Shares (TSMX). 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 | TSMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.37 | 2.95 | -2.59 |
Sortino ratioReturn per unit of downside risk | 2.35 | 3.08 | -0.73 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.39 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.85 | 6.59 | -5.74 |
Martin ratioReturn relative to average drawdown | 1.46 | 20.50 | -19.04 |
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 | TSMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.37 | 2.95 | -2.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.14 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.21 | 1.01 | -1.22 |
Correlation
The correlation between DZZ and TSMX is 0.00, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
DZZ vs. TSMX - Dividend Comparison
DZZ has not paid dividends to shareholders, while TSMX's dividend yield for the trailing twelve months is around 7.11%.
| TTM | 2025 | 2024 | |
|---|---|---|---|
DZZ DB Gold Double Short Exchange Traded Notes | 0.00% | 0.00% | 0.00% |
TSMX Direxion Daily TSM Bull 2X Shares | 7.11% | 8.01% | 0.53% |
Drawdowns
DZZ vs. TSMX - Drawdown Comparison
The maximum DZZ drawdown since its inception was -96.64%, which is greater than TSMX's maximum drawdown of -63.80%. Use the drawdown chart below to compare losses from any high point for DZZ and TSMX.
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Drawdown Indicators
| DZZ | TSMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.64% | -63.80% | -32.84% |
Max Drawdown (1Y)Largest decline over 1 year | -74.95% | -34.93% | -40.02% |
Max Drawdown (5Y)Largest decline over 5 years | -74.95% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -80.59% | — | — |
Current DrawdownCurrent decline from peak | -93.59% | -25.94% | -67.65% |
Average DrawdownAverage peak-to-trough decline | -82.19% | -16.74% | -65.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.32% | 11.22% | +32.10% |
Volatility
DZZ vs. TSMX - Volatility Comparison
The current volatility for DB Gold Double Short Exchange Traded Notes (DZZ) is 15.61%, while Direxion Daily TSM Bull 2X Shares (TSMX) has a volatility of 29.06%. This indicates that DZZ experiences smaller price fluctuations and is considered to be less risky than TSMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DZZ | TSMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.61% | 29.06% | -13.45% |
Volatility (6M)Calculated over the trailing 6-month period | 126.04% | 54.61% | +71.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 168.01% | 77.49% | +90.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.53% | 81.26% | +1.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.37% | 81.26% | -17.89% |