DZZ

DB Gold Double Short ETN
*Unless otherwise stated, data provided by FactSet.

DZZ Fund Description

DZZ provides -2x the daily performance of futures contracts relating to gold. The note’s index selects contracts based on the shape of the futures curve to minimize contango.

DZZ Factset Analytics Insight

DZZ is a geared inverse ETN promising -2x the daily return of an optimized gold index — wherein gold futures contracts are chosen to minimize the effects of contango. The index selects its contracts based on the shape of the futures curve. As a geared product, DZZ is designed to be used as a tactical tool, not as a buy-and-hold investment. Investors holding the note for longer than a day will be subject to the effects of compounding, which can cause the realized performance to drift greatly from its -2x exposure over longer holding periods. Therefore, traders and investors with longer timelines will need to rebalance their positions to maintain the -2x multiple. Structured as an ETN, DZZ carries the counterparty risk of its issuer.

PERFORMANCE [as of 09/15/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
DZZ -1.64% 5.84% 4.26% 11.12% -24.92% -12.22% -4.68%
DZZ (NAV) -1.82% 5.70% 7.23% 12.99% -24.79% -12.17% -4.77%
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

DZZ Summary Data

Deutsche Bank
DB
02/27/08
Exchange-Traded Note
0.75%
$6.86M
0.37%

DZZ Portfolio Data

0.00%
N/A

DZZ Index Data

Single Asset
Single Asset
N/A

DZZ Fund Structure

Yes
N/A
-- / --
Deutsche Bank AG
Low
High
-2
Daily

DZZ Tax Exposures

20.00% / 39.60%
--
No

DZZ Factset Analytics Block Liquidity

As of 09/17/21
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of DZZ. DZZ is rated a 5 out of 5.

DZZ Tradability

4,918
$13.82K
2,542
$7.09K
0.37%
$0.01
0.07%
3.10% / -2.00%
Potential
100.00%
200,000
0.01
0.00%
--
0
$2.79
5