PFFL vs. DZZ
Compare and contrast key facts about ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN (PFFL) and DB Gold Double Short Exchange Traded Notes (DZZ).
PFFL and DZZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PFFL is a passively managed fund by UBS that tracks the performance of the Solactive Preferred Stock ETF Index (+200%). It was launched on Sep 25, 2018. 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. Both PFFL and DZZ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
PFFL vs. DZZ - Performance Comparison
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PFFL vs. DZZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PFFL ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN | -3.25% | 2.18% | 4.77% | 8.65% | -39.15% | 7.52% | -15.47% | 30.21% | -11.05% |
DZZ DB Gold Double Short Exchange Traded Notes | -30.86% | 132.78% | -35.06% | -8.14% | 2.79% | 0.56% | -37.13% | -26.64% | -12.08% |
Returns By Period
In the year-to-date period, PFFL achieves a -3.25% return, which is significantly higher than DZZ's -30.86% return.
PFFL
- 1D
- 1.16%
- 1M
- -6.53%
- YTD
- -3.25%
- 6M
- -4.74%
- 1Y
- 2.41%
- 3Y*
- 2.52%
- 5Y*
- -5.88%
- 10Y*
- —
DZZ
- 1D
- 0.95%
- 1M
- 9.48%
- YTD
- -30.86%
- 6M
- 75.80%
- 1Y
- 62.84%
- 3Y*
- 3.68%
- 5Y*
- -3.13%
- 10Y*
- -8.56%
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PFFL vs. DZZ - Expense Ratio Comparison
PFFL has a 0.85% expense ratio, which is higher than DZZ's 0.75% expense ratio.
Return for Risk
PFFL vs. DZZ — Risk / Return Rank
PFFL
DZZ
PFFL vs. DZZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN (PFFL) 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.
| PFFL | DZZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.12 | 0.38 | -0.25 |
Sortino ratioReturn per unit of downside risk | 0.30 | 2.37 | -2.06 |
Omega ratioGain probability vs. loss probability | 1.04 | 1.31 | -0.27 |
Calmar ratioReturn relative to maximum drawdown | 0.17 | 0.84 | -0.67 |
Martin ratioReturn relative to average drawdown | 0.43 | 1.44 | -1.01 |
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
| PFFL | DZZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.12 | 0.38 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.25 | -0.04 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.14 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.08 | -0.21 | +0.14 |
Correlation
The correlation between PFFL and DZZ is -0.11. 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.
Dividends
PFFL vs. DZZ - Dividend Comparison
PFFL's dividend yield for the trailing twelve months is around 13.52%, while DZZ has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PFFL ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN | 13.52% | 13.27% | 13.76% | 13.71% | 13.90% | 8.82% | 9.75% | 11.21% | 2.02% |
DZZ DB Gold Double Short Exchange Traded Notes | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PFFL vs. DZZ - Drawdown Comparison
The maximum PFFL drawdown since its inception was -80.68%, smaller than the maximum DZZ drawdown of -96.64%. Use the drawdown chart below to compare losses from any high point for PFFL and DZZ.
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Drawdown Indicators
| PFFL | DZZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.68% | -96.64% | +15.96% |
Max Drawdown (1Y)Largest decline over 1 year | -11.92% | -74.95% | +63.03% |
Max Drawdown (5Y)Largest decline over 5 years | -48.51% | -74.95% | +26.44% |
Max Drawdown (10Y)Largest decline over 10 years | — | -80.59% | — |
Current DrawdownCurrent decline from peak | -40.40% | -93.53% | +53.13% |
Average DrawdownAverage peak-to-trough decline | -28.32% | -82.19% | +53.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.78% | 43.55% | -38.77% |
Volatility
PFFL vs. DZZ - Volatility Comparison
The current volatility for ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN (PFFL) is 6.91%, while DB Gold Double Short Exchange Traded Notes (DZZ) has a volatility of 15.37%. This indicates that PFFL experiences smaller price fluctuations and is considered to be less risky 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
| PFFL | DZZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.91% | 15.37% | -8.46% |
Volatility (6M)Calculated over the trailing 6-month period | 12.32% | 126.04% | -113.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.43% | 168.01% | -148.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.54% | 82.52% | -58.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.94% | 63.36% | -7.42% |