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PST vs. DZZ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PST vs. DZZ

Last updated Jun 4, 2026

PST (ProShares UltraShort 7-10 Year Treasury) and DZZ (DB Gold Double Short Exchange Traded Notes) are both exchange-traded funds - PST is a Inverse Bonds fund tracking the ICE U.S. Treasury 7-10 Year Bond Index, while DZZ is a Leveraged Commodities fund tracking the Deutsche Bank Liquid Commodity Index-Optimum Yield Gold (-200%). Both are passively managed. Over the past 10 years, PST returned 2.47%/yr vs -10.52%/yr for DZZ. At a 0.22 correlation, their price movements are largely independent. PST charges 0.95%/yr vs 0.75%/yr for DZZ.

Performance

PST vs. DZZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort 7-10 Year Treasury (PST) and DB Gold Double Short Exchange Traded Notes (DZZ). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PST achieves a 4.57% return, which is significantly higher than DZZ's -48.31% return. Over the past 10 years, PST has outperformed DZZ with an annualized return of 2.47%, while DZZ has yielded a comparatively lower -10.52% annualized return.

PST

1D
0.51%
1M
0.80%
YTD
4.57%
6M
6.73%
1Y
1.08%
3Y*
5.59%
5Y*
9.21%
10Y*
2.47%

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PST vs. DZZ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PST
ProShares UltraShort 7-10 Year Treasury		4.57%-4.42%12.27%3.17%38.55%4.01%-18.67%-11.03%1.72%-4.52%
DZZ
DB Gold Double Short Exchange Traded Notes		-48.31%132.78%-35.06%-8.14%2.79%0.56%-37.13%-26.64%8.21%-21.81%

Correlation

The correlation between PST and DZZ is 0.10, 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

0.10

Correlation (3Y)
Calculated over the trailing 3-year period

0.12

Correlation (5Y)
Calculated over the trailing 5-year period

0.20

Correlation (10Y)
Calculated over the trailing 10-year period

0.29

Correlation (All Time)
Calculated using the full available price history since May 2, 2008

0.22

The correlation between PST and DZZ shifts across timeframes, from 0.10 (1 year) to 0.29 (10 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

ProShares UltraShort 7-10 Year Treasury

DB Gold Double Short Exchange Traded Notes

Often compared with PST:
PST vs. ^TYXPST vs. TYOPST vs. TBIIXPST vs. SGOVPST vs. UBTPST vs. FXAIXPST vs. TMV
Often compared with DZZ:
DZZ vs. UGLDZZ vs. GLDDZZ vs. GLLDZZ vs. VOODZZ vs. MULLDZZ vs. TERGDZZ vs. COPJ

Return for Risk

PST vs. DZZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PST
PST Risk / Return Rank: 1010
Overall Rank
PST Sharpe Ratio Rank: 1010
Sharpe Ratio Rank
PST Sortino Ratio Rank: 99
Sortino Ratio Rank
PST Omega Ratio Rank: 99
Omega Ratio Rank
PST Calmar Ratio Rank: 1010
Calmar Ratio Rank
PST Martin Ratio Rank: 1010
Martin Ratio Rank
DZZ
DZZ Risk / Return Rank: 1919
Overall Rank
DZZ Sharpe Ratio Rank: 99
Sharpe Ratio Rank
DZZ Sortino Ratio Rank: 3131
Sortino Ratio Rank
DZZ Omega Ratio Rank: 3333
Omega Ratio Rank
DZZ Calmar Ratio Rank: 1010
Calmar Ratio Rank
DZZ Martin Ratio Rank: 1010
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PST vs. DZZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort 7-10 Year Treasury (PST) 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.

PSTDZZDifference
Sharpe ratioReturn per unit of total volatility
0.11
0.07

+0.05

Sortino ratioReturn per unit of downside risk
0.23
1.69

-1.46

Omega ratioGain probability vs. loss probability

1.03

1.22

-0.20

Calmar ratioReturn relative to maximum drawdown

0.15

0.14

+0.01

Martin ratioReturn relative to average drawdown

0.26

0.21

+0.05

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PST vs. DZZ - Sharpe Ratio Comparison

The current PST Sharpe Ratio is 0.11, which is higher than the DZZ Sharpe Ratio of 0.07. The chart below compares the historical Sharpe Ratios of PST and DZZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

PSTDZZDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.11

0.07

+0.05

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.59

-0.06

+0.65

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.19

-0.16

+0.35

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.37

-0.23

-0.14

Drawdowns

PST vs. DZZ - Drawdown Comparison

The maximum PST drawdown since its inception was -79.25%, smaller than the maximum DZZ drawdown of -96.64%. Use the drawdown chart below to compare losses from any high point for PST and DZZ.

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Drawdown Indicators

PSTDZZDifference

Max Drawdown

Largest peak-to-trough decline

-79.25%

-96.64%

+17.39%

Max Drawdown (1Y)

Largest decline over 1 year

-7.25%

-80.84%

+73.59%

Max Drawdown (3Y)

Largest decline over 3 years

-16.19%

-80.84%

+64.65%

Max Drawdown (5Y)

Largest decline over 5 years

-16.19%

-80.84%

+64.65%

Max Drawdown (10Y)

Largest decline over 10 years

-36.07%

-80.84%

+44.77%

Current Drawdown

Current decline from peak

-64.13%

-95.16%

+31.03%

Average Drawdown

Average peak-to-trough decline

-61.48%

-82.30%

+20.82%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.16%

53.19%

-49.03%

Volatility

PST vs. DZZ - Volatility Comparison

The current volatility for ProShares UltraShort 7-10 Year Treasury (PST) is 3.19%, while DB Gold Double Short Exchange Traded Notes (DZZ) has a volatility of 30.21%. This indicates that PST 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

PSTDZZDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.19%

30.21%

-27.02%

Volatility (6M)

Calculated over the trailing 6-month period

6.75%

59.65%

-52.90%

Volatility (1Y)

Calculated over the trailing 1-year period

9.62%

169.45%

-159.83%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.60%

83.63%

-68.03%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.32%

64.05%

-50.73%

PST vs. DZZ - Expense Ratio Comparison

PST has a 0.95% expense ratio, which is higher than DZZ's 0.75% expense ratio.

Dividends

PST vs. DZZ - Dividend Comparison

PST's dividend yield for the trailing twelve months is around 3.08%, while DZZ has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018
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%
PST
ProShares UltraShort 7-10 Year Treasury		3.08%3.47%3.61%3.69%0.02%0.00%0.11%1.85%0.66%

Frequently Asked Questions

PST and DZZ have a correlation of 0.10, 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 PST (3.19%). In terms of maximum drawdown, PST dropped -79.25% vs DZZ's -96.64%.

On 10-year performance, PST leads with 2.47% vs -10.52% for DZZ. On fees, DZZ is cheaper at 0.75% per year. On volatility, PST has been the lower-risk option at 3.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, PST has performed better with a 2.47% return vs -10.52%. 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 0.95% for PST.

PST has the higher dividend yield at 3.08%, compared with 0.00% for DZZ.

PST is categorized as Inverse Bonds, while DZZ is Leveraged Commodities. PST tracks ICE U.S. Treasury 7-10 Year Bond Index, while DZZ tracks Deutsche Bank Liquid Commodity Index-Optimum Yield Gold (-200%). They also come from different issuers: ProShares and Deutsche Bank. Their fees differ too: 0.95% for PST and 0.75% for DZZ.

PST currently has the higher Sharpe Ratio (0.11 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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