DZZ

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

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

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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PERFORMANCE [as of 09/11/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
DZZ 0.90% -22.17% -24.85% -33.51% -5.90% -8.88% -13.25%
DZZ (NAV) 0.17% -22.41% -25.62% -33.80% -5.93% -9.06% -13.30%
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

DZZ Summary Data

02/27/08
Exchange-Traded Note
0.75%
$12.34M
0.83%

DZZ Portfolio Data

0.00%
N/A

DZZ Index Data

Single Asset
Single Asset
N/A

DZZ Fund Structure

No
N/A
N/A / N/A
Deutsche Bank AG
Low
High
-2
Daily

DZZ Tax Exposures

20.00% / 39.60%
--
No
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

DZZ Factset Analytics Block Liquidity

As of 09/13/19
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

19,647
$85.66K
14,421
$61.72K
0.83%
$0.04
-0.07%
2.76% / -4.00%
Potential
0.00%
200,000
0.07
0.00%
--
0
$4.34
5