NVDQ vs. DZZ
NVDQ (T-Rex 2X Inverse NVIDIA Daily Target ETF) and DZZ (DB Gold Double Short Exchange Traded Notes) are both exchange-traded funds - NVDQ is a Inverse Equities fund actively managed by T-Rex, while DZZ is a Leveraged Commodities fund tracking the Deutsche Bank Liquid Commodity Index-Optimum Yield Gold (-200%). NVDQ is actively managed, while DZZ is passively managed. Over the past year, NVDQ returned -56.35% vs 9.29% for DZZ. At a 0.01 correlation, their price movements are largely independent. NVDQ charges 1.05%/yr vs 0.75%/yr for DZZ.
Performance
NVDQ vs. DZZ - Performance Comparison
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Returns By Period
In the year-to-date period, NVDQ achieves a -25.89% return, which is significantly higher than DZZ's -46.07% return.
NVDQ
- 1D
- 3.06%
- 1M
- 14.12%
- YTD
- -25.89%
- 6M
- -24.18%
- 1Y
- -56.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DZZ
- 1D
- 12.25%
- 1M
- 0.29%
- YTD
- -46.07%
- 6M
- -41.83%
- 1Y
- 9.29%
- 3Y*
- -6.52%
- 5Y*
- -6.15%
- 10Y*
- -8.74%
NVDQ vs. DZZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NVDQ T-Rex 2X Inverse NVIDIA Daily Target ETF | -25.89% | -74.63% | -93.80% | -28.84% |
DZZ DB Gold Double Short Exchange Traded Notes | -46.07% | 132.78% | -35.06% | -0.20% |
Correlation
The correlation between NVDQ and DZZ is 0.02, 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 | 0.02 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2023 | 0.01 |
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Return for Risk
NVDQ vs. DZZ — Risk / Return Rank
NVDQ
DZZ
NVDQ vs. DZZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ) and DB Gold Double Short Exchange Traded Notes (DZZ). 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.
| NVDQ | DZZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -2.81 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.22 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | 0.12 | -0.95 |
| Martin ratioReturn relative to average drawdown | -1.35 | 0.16 | -1.52 |
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Drawdowns
NVDQ vs. DZZ - Drawdown Comparison
The maximum NVDQ drawdown since its inception was -99.45%, roughly equal to the maximum DZZ drawdown of -96.64%. Use the drawdown chart below to compare losses from any high point for NVDQ and DZZ.
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Drawdown Indicators
| NVDQ | DZZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.45% | -96.64% | -2.81% |
Max Drawdown (1Y)Largest decline over 1 year | -68.07% | -81.05% | +12.98% |
Max Drawdown (3Y)Largest decline over 3 years | — | -81.05% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -81.05% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -81.05% | — |
Current DrawdownCurrent decline from peak | -99.25% | -94.95% | -4.30% |
Average DrawdownAverage peak-to-trough decline | -88.32% | -82.33% | -5.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.70% | 56.67% | -14.97% |
Volatility
NVDQ vs. DZZ - Volatility Comparison
T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ) has a higher volatility of 26.21% compared to DB Gold Double Short Exchange Traded Notes (DZZ) at 19.32%. This indicates that NVDQ's price experiences larger fluctuations and is considered to be riskier than DZZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVDQ | DZZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.21% | 19.32% | +6.89% |
Volatility (6M)Calculated over the trailing 6-month period | 53.68% | 61.17% | -7.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.34% | 170.20% | -99.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 95.32% | 83.98% | +11.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 95.32% | 64.16% | +31.16% |
NVDQ vs. DZZ - Expense Ratio Comparison
NVDQ has a 1.05% expense ratio, which is higher than DZZ's 0.75% expense ratio.
Dividends
NVDQ vs. DZZ - Dividend Comparison
NVDQ's dividend yield for the trailing twelve months is around 0.35%, while DZZ has not paid dividends to shareholders.
| 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 | 0.35% | 0.26% | 4.59% | 11.60% |
Frequently Asked Questions
NVDQ and DZZ have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVDQ has higher volatility (26.21%) compared to DZZ (19.32%). In terms of maximum drawdown, NVDQ dropped -99.45% vs DZZ's -96.64%.
On 1-year performance, DZZ leads with 9.29% vs -56.35% for NVDQ. On fees, DZZ is cheaper at 0.75% per year. On volatility, DZZ has been the lower-risk option at 19.32%. 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 9.29% return vs -56.35%. 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 0.35%, compared with 0.00% for DZZ.
NVDQ is categorized as Inverse Equities, while DZZ is Leveraged Commodities. They also come from different issuers: T-Rex and Deutsche Bank. Their fees differ too: 1.05% for NVDQ and 0.75% for DZZ.
DZZ currently has the higher Sharpe Ratio (0.05 vs -0.81), 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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