DZZ vs. USSG
DZZ (DB Gold Double Short Exchange Traded Notes) and USSG (Xtrackers MSCI USA ESG Leaders Equity ETF) are both exchange-traded funds - DZZ is a Leveraged Commodities fund tracking the Deutsche Bank Liquid Commodity Index-Optimum Yield Gold (-200%), while USSG is a Large Cap Growth Equities fund tracking the MSCI USA ESG Leaders. Both are passively managed. Over the past 5 years, DZZ returned -4.82%/yr vs 13.79%/yr for USSG. At a correlation of -0.04, they often move in opposite directions. DZZ charges 0.75%/yr vs 0.10%/yr for USSG.
Performance
DZZ vs. USSG - Performance Comparison
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Returns By Period
In the year-to-date period, DZZ achieves a -48.31% return, which is significantly lower than USSG's 9.51% return.
DZZ
- 1D
- 1.45%
- 1M
- -16.65%
- YTD
- -48.31%
- 6M
- -41.62%
- 1Y
- 11.20%
- 3Y*
- -6.90%
- 5Y*
- -4.82%
- 10Y*
- -10.52%
USSG
- 1D
- -0.80%
- 1M
- 4.67%
- YTD
- 9.51%
- 6M
- 10.19%
- 1Y
- 27.90%
- 3Y*
- 22.38%
- 5Y*
- 13.79%
- 10Y*
- —
DZZ vs. USSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DZZ DB Gold Double Short Exchange Traded Notes | -48.31% | 132.78% | -35.06% | -8.14% | 2.79% | 0.56% | -37.13% | -27.09% |
USSG Xtrackers MSCI USA ESG Leaders Equity ETF | 9.51% | 18.97% | 23.45% | 29.17% | -20.33% | 31.83% | 18.71% | 19.24% |
Correlation
The correlation between DZZ and USSG is -0.12, 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 | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2019 | -0.04 |
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Return for Risk
DZZ vs. USSG — Risk / Return Rank
DZZ
USSG
DZZ vs. USSG - 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 MSCI USA ESG Leaders Equity ETF (USSG). 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 | USSG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.07 | 2.14 | -2.07 |
Sortino ratioReturn per unit of downside risk | 1.69 | 3.00 | -1.32 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.38 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 0.14 | 2.50 | -2.36 |
Martin ratioReturn relative to average drawdown | 0.21 | 10.72 | -10.51 |
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 | USSG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.07 | 2.14 | -2.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.06 | 0.79 | -0.85 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.16 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.23 | 0.84 | -1.07 |
Drawdowns
DZZ vs. USSG - Drawdown Comparison
The maximum DZZ drawdown since its inception was -96.64%, which is greater than USSG's maximum drawdown of -34.10%. Use the drawdown chart below to compare losses from any high point for DZZ and USSG.
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Drawdown Indicators
| DZZ | USSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.64% | -34.10% | -62.54% |
Max Drawdown (1Y)Largest decline over 1 year | -80.84% | -11.20% | -69.64% |
Max Drawdown (3Y)Largest decline over 3 years | -80.84% | -20.00% | -60.84% |
Max Drawdown (5Y)Largest decline over 5 years | -80.84% | -27.00% | -53.84% |
Max Drawdown (10Y)Largest decline over 10 years | -80.84% | — | — |
Current DrawdownCurrent decline from peak | -95.16% | -1.21% | -93.95% |
Average DrawdownAverage peak-to-trough decline | -82.30% | -5.60% | -76.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 53.19% | 2.61% | +50.58% |
Volatility
DZZ vs. USSG - Volatility Comparison
DB Gold Double Short Exchange Traded Notes (DZZ) has a higher volatility of 30.21% compared to Xtrackers MSCI USA ESG Leaders Equity ETF (USSG) at 3.77%. This indicates that DZZ's price experiences larger fluctuations and is considered to be riskier than USSG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DZZ | USSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.21% | 3.77% | +26.44% |
Volatility (6M)Calculated over the trailing 6-month period | 59.65% | 10.04% | +49.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 169.45% | 13.12% | +156.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.63% | 17.59% | +66.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.05% | 20.16% | +43.89% |
DZZ vs. USSG - Expense Ratio Comparison
DZZ has a 0.75% expense ratio, which is higher than USSG's 0.10% expense ratio.
Dividends
DZZ vs. USSG - Dividend Comparison
DZZ has not paid dividends to shareholders, while USSG's dividend yield for the trailing twelve months is around 0.95%.
| 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% |
USSG Xtrackers MSCI USA ESG Leaders Equity ETF | 0.95% | 1.02% | 1.13% | 1.60% | 1.52% | 1.13% | 1.42% | 1.21% |
Frequently Asked Questions
DZZ and USSG have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DZZ has higher volatility (30.21%) compared to USSG (3.77%). In terms of maximum drawdown, DZZ dropped -96.64% vs USSG's -34.10%.
On 5-year performance, USSG leads with 13.79% vs -4.82% for DZZ. On fees, USSG is cheaper at 0.10% per year. On volatility, USSG has been the lower-risk option at 3.77%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, USSG has performed better with a 13.79% return vs -4.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USSG is cheaper with a 0.10% expense ratio, compared with 0.75% for DZZ.
USSG has the higher dividend yield at 0.95%, compared with 0.00% for DZZ.
DZZ is categorized as Leveraged Commodities, while USSG is Large Cap Growth Equities. DZZ tracks Deutsche Bank Liquid Commodity Index-Optimum Yield Gold (-200%), while USSG tracks MSCI USA ESG Leaders. Their fees differ too: 0.75% for DZZ and 0.10% for USSG.
USSG currently has the higher Sharpe Ratio (2.14 vs 0.07), 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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