Key stats
About DB Gold Double Short ETN due February 15, 2038
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Inception date
Feb 27, 2008
Structure
Exchange-Traded Note
Distribution tax treatment
No distributions
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
DZZ is a geared inverse ETN promising -2x the daily return of an optimized gold index wherein gold futures contracts are chosen to minimize the effects of contango. The index selects its contracts based on the shape of the futures curve. As a geared product, DZZ is designed to be used as a tactical tool, not as a buy-and-hold investment. Investors 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. Structured as an ETN, DZZ carries the counterparty risk of its issuer.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
DZZ assets under management is 1.90 M USD. It's risen 10.58% over the last month.
DZZ fund flows account for 0.00 USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, DZZ doesn't pay dividends to its holders.
DZZ shares are issued by Deutsche Bank AG under the brand DB. The ETF was launched on Feb 27, 2008, and its management style is Passive.
DZZ expense ratio is 0.75% meaning you'd have to pay 0.75% of your investment to help manage the fund.
DZZ follows the Deutsche Bank Liquid Commodity Index - Optimum Yield Gold Excess Return. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
DZZ price has risen by 1.94% over the last month, and its yearly performance shows a 5.40% increase. See more dynamics on DZZ price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 8.64% over the last month, showed a −20.82% decrease in three-month performance and has decreased by −41.28% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 8.64% over the last month, showed a −20.82% decrease in three-month performance and has decreased by −41.28% in a year.
DZZ trades at a premium (81.65%) meaning the ETF is trading at a higher price than the calculated NAV.