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Dividend Vision

DZZ — DB Gold Double Short ETN

DB Gold Double Short ETN (DZZ)

DZZ pays a 0.00% distribution rate, on a 0.75% expense ratio. Total return is -93.0% over the past 18.5 years, 789.4 points behind SPY at 696.4%. Its deepest 1-year drawdown was 82.1%.

DB Gold Double Short ETN is a leveraged inverse commodity exchange-traded note that aims to deliver twice the opposite daily performance of gold prices, making it a bearish bet on the precious metal. The product charges a 0.75% annual expense ratio and does not distribute income, as it functions as a trading vehicle rather than a yield-generating investment. This ETN appeals primarily to tactical traders and investors seeking short-term hedging or speculation on gold price declines, rather than income-focused or long-term buy-and-hold portfolio holders.

DZZ key facts

Issuer
Deutsche Bank
Asset type
ETN
Asset class
Commodity
Inception date
02/27/2008
Expense ratio
0.75%
Distribution rate
0.00%
Last close
$1.70
AUM
$1,132,489
Average volume
4656.0
Beta
-0.58