DZZDB Gold Double Short ETN
DZZ Fund Description
DZZ tracks the performance of futures contracts relating to gold.
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 with an eye to beating contango. DZZ is designed to be used as a tactical tool, not as a buy-and-hold investment. Anyone 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. Tactical tools like DZZ work best when they're liquid. Unfortunately, DZZ can be difficult to trade; volume is not very deep and spreads are often sizeable. The fund charges a reasonable fee for the leveraged ETN space, though obviously most investors won't be holding onto the ETN long enough to realize significant holding costs.
DZZ CHARTS AND PERFORMANCE
DZZ Portfolio Data
DZZ Index Data
DZZ Fund Structure
DZZ Tax Exposures
DZZ Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of DZZ. DZZ is rated a 5 out of 5.