DZZ
DB Gold Double Short Exchange Traded Notes

Price: $2.83
Change: $0.02 (0.01%)
Last Updated:

Vitals

Issuer Deutsche Bank
Brand DB
Structure ETN
Expense Ratio 0.75%
ETF Home Page Home page
Inception Feb 27, 2008

Analyst Report

The DB Gold Double Short ETN (DZZ) is one of Deutsche Bank’s legacy exchange-traded notes. DZZ has minimal assets and negligible daily trading. It may be difficult for investors to buy and sell.


Unlike ETFs, exchange-traded notes can be hard to kill. Deutsche Bank has delisted dozens of its ETNs in recent years, but other zombie ETNs continue to limp around the market. Investors should look closely at liquidity, especially for notes with minimal assets and trading volume. A little research can save a bigger headache down the road. For investors who want to short gold via an exchange-traded vehicle, there are other options, like ProShares UltraShort Gold (GLL).

ETF Database Themes

Inverse Yes
Leveraged 2x
Asset Class Commodity
Region (General) Global
Region (Specific) Broad
Commodity Type Precious Metals
Commodity Gold
Commodity Exposure Futures-Based

FactSet Classifications

  • Segment Inverse Commodities: Precious Metals Gold
  • Category Precious Metals
  • Focus Gold
  • Niche Optimized
  • Strategy Optimized commodity
  • Weighting Scheme Single Asset

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $2.45
  • 52 Week Hi $3.29
  • AUM $6.9 M
  • Shares 2.5 M

Historical Trading Data

  • 1 Month Avg. Volume 9,548
  • 3 Month Avg. Volume 7,115

Alternative ETFs in the ETF Database Leveraged Commodities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest DGP 0.75% $92.5 M 7,431 -15.50%
Largest (AUM) UCO 0.95% $939.3 M 668,558 107.53%
Most Liquid (Volume) KOLD 0.95% $199.6 M 11 M -82.76%
Top YTD Performer BOIL 0.95% $244.0 M 2 M 120.81%

Alternative ETFs in the FactSet Inverse Commodities: Precious Metals Gold Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest DGZ 0.75% $3.5 M 1,043 5.01%
Largest (AUM) GLL 0.95% $28.2 M 78,609 7.36%
Most Liquid (Volume) GLL 0.95% $28.2 M 78,609 7.36%
Top YTD Performer GLL 0.95% $28.2 M 78,609 7.36%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

DZZ ETF Database Category Average FactSet Segment Average
Number of Holdings 1 1 1
% of Assets in Top 10 100.00% 100.00% 100.00%
% of Assets in Top 15 100.00% 100.00% 100.00%
% of Assets in Top 50 100.00% 100.00% 100.00%

Size Comparison

DZZ ETF Database Category Average FactSet Segment Average
Large (>12.9B) N/A N/A N/A
Mid (>2.7B) N/A N/A N/A
Small (>600M) N/A N/A N/A
Micro (<600M) N/A N/A N/A

DZZ Valuation

This section compares the P/E ratio of this ETF to its peers.

DZZ
P/E Ratio
N/A
ETF Database Category Average
P/E Ratio
N/A
FactSet Segment Average
P/E Ratio
N/A

DZZ Dividend

This section compares the dividend yield of this ETF to its peers.

DZZ ETF Database Category Average FactSet Segment Average
Dividend N/A N/A N/A
Dividend Date N/A N/A N/A
Annual Dividend Rate N/A N/A N/A
Annual Dividend Yield N/A N/A N/A

DZZ Price and Volume Charts

View charts featuring DZZ price and volume data.

DZZ Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: 0 1 Month Net Flows: 0 3 Month Net Flows: 0 6 Month Net Flows: 0 1 Year Net Flows: 0 3 Year Net Flows: -3.7 M 5 Year Net Flows: -24.19 M 10 Year Net Flows: -132.24 M

DZZ Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for DZZ on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Leveraged Commodities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A- SCO
Expenses A OILU
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

DZZ Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

DZZ
Expense Ratio
0.75%
ETF Database Category Average
Expense Ratio
0.92%
FactSet Segment Average
Expense Ratio
0.82%

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions No distributions
Distributes K1 No
ESG Themes and Scores

DZZ does not have an ESG score. There are no ESG themes that map to this ETF.

DZZ Performance

This section shows how this ETF has performed relative to its peers.

DZZ ETF Database
Category Average
Factset Segment
Average
1 Month Return 2.64% -1.93% 1.61%
3 Month Return 4.15% -6.14% 2.81%
YTD Return 5.71% 2.39% 6.03%
1 Year Return -4.14% -1.14% -3.88%
3 Year Return -55.61% -24.17% -48.32%
5 Year Return -55.82% -34.39% -48.92%

Geographic Exposure

The following charts reflect the geographic spread of DZZ's underlying holdings.

Holdings Analysis

The following charts reflect the allocation of DZZ's underlying holdings.

DZZ Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility
123.92%
Rank
7 of 12

20 Day Volatility
28.53%
Rank
7 of 10

50 Day Volatility
25.95%
Rank
7 of 10

200 Day Volatility
25.88%
Rank
9 of 10

Beta
-0.1
Rank
6 of 10

Standard Deviation
0.17%
Rank
10 of 10

Technicals

  • 20 Day MA $2.69
  • 60 Day MA $2.79
  • MACD 15 Period 0.17
  • MACD 100 Period 0.04
  • Williams % Range 10 Day 0.76
  • Williams % Range 20 Day 15.35
  • RSI 10 Day 68
  • RSI 20 Day 57
  • RSI 30 Day 53
  • Ultimate Oscillator 78

Bollinger Bands

  • Lower Bollinger (10 Day) $2.46
  • Upper Bollinger (10 Day) $2.91
  • Lower Bollinger (20 Day) $2.48
  • Upper Bollinger (20 Day) $2.90
  • Lower Bollinger (30 Day) $2.52
  • Upper Bollinger (30 Day) $2.93

Support & Resistance

  • Support Level 1 $2.83
  • Support Level 2 $2.83
  • Resistance Level 1 $2.83
  • Resistance Level 2 $2.83

Stochastic

  • Stochastic Oscillator %D (1 Day) 66.04
  • Stochastic Oscillator %D (5 Day) 91.77
  • Stochastic Oscillator %K (1 Day) 65.54
  • Stochastic Oscillator %K (5 Day) 81.49

Financial Advisor Report

ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.

Data Lineage

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Analyst Report Authors

ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.

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