DZZ vs. UGL
Compare and contrast key facts about DB Gold Double Short Exchange Traded Notes (DZZ) and ProShares Ultra Gold (UGL).
DZZ and UGL 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. UGL is a passively managed fund by ProShares that tracks the performance of the Gold bullion (200%). It was launched on Dec 1, 2008. Both DZZ and UGL 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 UGL.
Key characteristics
| DZZ | UGL | |
|---|---|---|
| YTD Return | -19.88% | 21.47% |
| 1Y Return | -10.75% | 18.39% |
| 3Y Return (Ann) | -9.57% | 7.87% |
| 5Y Return (Ann) | -19.27% | 16.29% |
| 10Y Return (Ann) | -11.12% | 5.23% |
| Sharpe Ratio | -0.35 | 0.77 |
| Daily Std Dev | 30.41% | 24.32% |
| Max Drawdown | -95.13% | -75.93% |
| Current Drawdown | -95.04% | -36.19% |
Correlation
The correlation between DZZ and UGL is -0.91. 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. UGL - Performance Comparison
In the year-to-date period, DZZ achieves a -19.88% return, which is significantly lower than UGL's 21.47% return. Over the past 10 years, DZZ has underperformed UGL with an annualized return of -11.12%, while UGL has yielded a comparatively higher 5.23% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DZZ vs. UGL - Expense Ratio Comparison
DZZ has a 0.75% expense ratio, which is lower than UGL's 0.95% expense ratio.
Risk-Adjusted Performance
DZZ vs. UGL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DB Gold Double Short Exchange Traded Notes (DZZ) and ProShares Ultra Gold (UGL). 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. UGL - Dividend Comparison
Neither DZZ nor UGL has paid dividends to shareholders.
Drawdowns
DZZ vs. UGL - Drawdown Comparison
The maximum DZZ drawdown since its inception was -95.13%, which is greater than UGL's maximum drawdown of -75.93%. Use the drawdown chart below to compare losses from any high point for DZZ and UGL. For additional features, visit the drawdowns tool.
Volatility
DZZ vs. UGL - Volatility Comparison
The current volatility for DB Gold Double Short Exchange Traded Notes (DZZ) is 6.46%, while ProShares Ultra Gold (UGL) has a volatility of 9.81%. This indicates that DZZ experiences smaller price fluctuations and is considered to be less risky than UGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.