DZZDB Gold Double Short ETN

Take a bet18y track recordRanked #263 of 995 in this goal

Provides 2x leveraged inverse monthly exposure to the Deutsche Bank Liquid Commodity Index - Optimum Yield Gold, less an investor fee.

By Deutsche Bank AG · Launched 2008

Annual Cost

0.75%

#4,069 of 6,040 · expensive

Fund Size

$1.0M

#5,800 of 6,040 · small

Return (1Y)

-55.4%

Track Record

18 years

#582 of 6,040 · established

Performance

Total-return NAV · USD

Growth of $10,000

$5,157-48.4%

Total-return NAV, USD. Net of fund fees, before tax.

How Beacon categorizes this fund

Asset class

Strategy

Inverse

Focus

Gold

Index tracked

Deutsche Bank Liquid Commodity Index Optimum Yield Gold

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

104.1%High

Year-on-year price swings

Max drawdown

-90.3%Severe

Worst peak-to-trough loss

Sharpe (3Y)

-0.29Below average

Sortino (3Y)

-0.44Moderate downside risk

Objective: Provides 2x leveraged inverse monthly exposure to the Deutsche Bank Liquid Commodity Index - Optimum Yield Gold, less an investor fee.
Strategy: Tracks the Deutsche Bank Liquid Commodity Index - Optimum Yield Gold, a total-return index combining COMEX gold futures (via an optimum-yield roll methodology) with the DB 3-Month T-Bill Index. Delivers two times the inverse month-over-month performance of the gold sub-index, with leverage and principal reset monthly. Designed for short-term use; monthly compounding causes returns over periods longer than one month to diverge materially from -2x the underlying index return.
Inception date: February 27, 2008
Fund family: Deutsche Bank AG