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 -50.45% vs 5.65% for DZZ. Their 0.01 correlation means their historical movements had little consistent relationship. 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 -39.70% return, which is significantly higher than DZZ's -51.30% return.
NVDQ
- 1D
- -5.06%
- 1M
- -19.48%
- 6M
- -42.67%
- YTD
- -39.70%
- 1Y
- -50.45%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -83.30%
DZZ
- 1D
- 0.27%
- 1M
- -9.01%
- 6M
- -35.84%
- YTD
- -51.30%
- 1Y
- 5.65%
- 3Y*
- -9.66%
- 5Y*
- -7.48%
- 10Y*
- -9.62%
- ALL TIME*
- -13.12%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.63K | $5.85K | $19.08K | |
| $24.84M | $29.28M | $55.12M |
NVDQ vs. DZZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NVDQ T-Rex 2X Inverse NVIDIA Daily Target ETF | -39.70% | -74.63% | -93.80% | -28.84% |
DZZ DB Gold Double Short Exchange Traded Notes | -51.30% | 132.78% | -35.06% | -0.20% |
Correlation
The correlation between NVDQ and DZZ is 0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.06 |
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 | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -2.45 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.21 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | 0.07 | -0.90 |
| Martin ratioReturn relative to average drawdown | -1.44 | 0.09 | -1.53 |
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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 | -61.17% | -81.05% | +19.88% |
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 | -99.39% | -95.44% | -3.95% |
Average DrawdownAverage peak-to-trough decline | -88.75% | -82.41% | -6.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.09% | 62.23% | -27.14% |
Volatility
NVDQ vs. DZZ - Volatility Comparison
T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ) has a higher volatility of 24.71% compared to DB Gold Double Short Exchange Traded Notes (DZZ) at 14.40%. 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 | 24.71% | 14.40% | +10.31% |
Volatility (6M)Calculated over the trailing 6-month period | 57.15% | 47.98% | +9.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.63% | 169.93% | -97.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 94.71% | 84.23% | +10.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 94.71% | 64.28% | +30.43% |
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 0.43%, 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 | 0.43% | 0.26% | 4.59% | 11.60% |
Frequently Asked Questions
NVDQ and DZZ have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVDQ has higher volatility (24.71%) compared to DZZ (14.40%). In terms of maximum drawdown, NVDQ dropped -99.45% vs DZZ's -96.64%.
On 1-year performance, DZZ leads with 5.65% vs -50.45% for NVDQ. On fees, DZZ is cheaper at 0.75% per year. On volatility, DZZ has been the lower-risk option at 14.40%. 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 5.65% return vs -50.45%. 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 0.43%, 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 (0.03 vs -0.70), 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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