What is DZZ?

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.

PERFORMANCE [as of 03/23/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
DZZ -15.36% -18.02% -16.09% -1.09% -17.06% -14.41% -7.07%
DZZ (NAV) -16.82% -19.26% -17.10% -3.02% -17.34% -14.58% -7.20%
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

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.

DZZ Summary Data

DWS
02/27/08
0.75%
$4.38M
N/A
Exchange-Traded Note

Peers

N/A

Fund Flows

$0.00B 5 Days
$0.00B 30 Days
$0.00B 90 Days

DZZ Fund Structure

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

DZZ Tax Exposures

20.00% / 39.60%
--
No

DZZ Portfolio Data

0.00%
N/A

DZZ Index Data

Single Asset
Single Asset
N/A

Factset Analytics Block Liquidity

As of 03/24/23

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

12,409
$31.81K
8,124
$21.13K
1.67%
$0.04
0.40%
9.87% / -3.99%
Potential
100.00%
200,000
0.04
0.00%
--
0
$2.28
5