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DB Gold Double Short ETN (DZZ)
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Upturn Advisory Summary
12/04/2025: DZZ (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit -51.4% | Avg. Invested days 32 | Today’s Advisory WEAK BUY |
Upturn Star Rating | Upturn Advisory Performance  1.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 12/04/2025 |
Key Highlights
Volume (30-day avg) - | Beta -0.7 | 52 Weeks Range 1.35 - 2.19 | Updated Date 06/29/2025 |
52 Weeks Range 1.35 - 2.19 | Updated Date 06/29/2025 |
Upturn AI SWOT
DB Gold Double Short ETN
ETF Overview
Overview
The DB Gold Double Short ETN (DZZ) provides inverse exposure to the daily performance of gold. It is designed for sophisticated investors seeking short-term hedging or speculative opportunities related to gold prices, not long-term investment.
Reputation and Reliability
Deutsche Bank has a significant presence in the financial industry but ETNs carry credit risk of the issuer.
Management Expertise
Deutsche Bank has extensive experience in structuring and managing exchange-traded products.
Investment Objective
Goal
To seek to provide investors with inverse exposure to the daily performance of gold.
Investment Approach and Strategy
Strategy: DZZ uses leverage to amplify returns (or losses) based on the daily performance of a gold index. It is not designed for buy-and-hold investing.
Composition DZZ's composition is based on financial contracts that provide inverse exposure to gold prices, rather than directly holding gold.
Market Position
Market Share: DZZ holds a small share of the leveraged gold ETN market.
Total Net Assets (AUM): 3200000
Competitors
Key Competitors
- DUST
- GLL
Competitive Landscape
The leveraged gold ETN market is concentrated. DZZ faces competition from other double-short and double-long gold ETFs/ETNs. DZZ provides similar exposure to other double short gold ETFs, but has the risk that it is an ETN.
Financial Performance
Historical Performance: DZZ's historical performance is highly volatile and inversely correlated to gold prices. Data is available from inception. Performance is not suitable for multi-year holding periods
Benchmark Comparison: DZZ aims to provide twice the inverse of the daily returns of a gold index. Tracking error may occur due to daily resetting.
Expense Ratio: 0.75
Liquidity
Average Trading Volume
DZZ has moderate liquidity, indicated by its average daily trading volume.
Bid-Ask Spread
The bid-ask spread can fluctuate depending on market conditions and trading volume.
Market Dynamics
Market Environment Factors
Gold prices are influenced by economic uncertainty, inflation expectations, interest rates, and geopolitical events. These factors impact DZZ's performance.
Growth Trajectory
DZZ's trading volume and popularity fluctuate with changes in investor sentiment toward gold. There haven't been any recent changes.
Moat and Competitive Advantages
Competitive Edge
DZZ's advantage comes from providing a readily available and liquid way to bet against gold. The double short feature allows investors to quickly hedge their portfolio. However, the double short strategy also provides investors a higher risk of loss of capital and should only be used by high risk seeking investors. Due to compounding, DZZ is generally unsuitable for longer than one day holding periods, especially in volatile markets. It is structured as an ETN, making it subject to issuer risk, which is a key differentiator relative to similarly structured ETFs.
Risk Analysis
Volatility
DZZ is highly volatile due to its leveraged nature and the inherent volatility of gold prices.
Market Risk
DZZ is subject to the risk that gold prices will increase, leading to significant losses. The leveraged nature amplifies these losses.
Investor Profile
Ideal Investor Profile
DZZ is designed for sophisticated investors with a short-term outlook and a high-risk tolerance who understand the complexities of leveraged and inverse products.
Market Risk
DZZ is best suited for active traders seeking short-term speculative opportunities and not for long-term investors.
Summary
DZZ is a double-short ETN designed to provide daily inverse exposure to gold. It is best suited for sophisticated traders looking for short-term hedging or speculation. Its performance is highly volatile and inversely correlated to gold prices. DZZ carries issuer risk and should not be held for extended periods. Due to daily compounding, holding periods longer than one day will result in performance different than twice the inverse return of gold.
Similar ETFs
Sources and Disclaimers
Data Sources:
- ETF provider website
- Financial news sources
- Market data providers
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Investment decisions should be based on your own research and risk tolerance. Past performance is not indicative of future results. ETNs carry credit risk of the issuer.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About DB Gold Double Short ETN
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The index is intended to reflect changes in the market value of certain gold futures contracts and is comprised of a single unfunded gold futures contract.
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