B vs DZZ: Correlation
How closely do Barrick Mining Corporation (B) and DB Gold Double Short ETN due February 15, 2038 (DZZ) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are B and DZZ?
Over the past 3 years, B and DZZ moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.24) sits close to the 3-year figure. Over 5 years the correlation is -0.30, and the annualized covariance of weekly returns is -943.3 %².
Out of 17 assets tracked against B, DZZ lands near the bottom at #16. Their recent paths diverged sharply: over the last 12 months B outperformed by 91.7 percentage points (+83.1% for B against -8.6% for DZZ). One caveat on sizing: DZZ is 2.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
B vs DZZ: side by side
| B (Barrick Mining Corporation) | DZZ (DB Gold Double Short ETN due February 15, 2038) | |
|---|---|---|
| 1-year return | +83.1% | -8.6% |
| 5-year return | +171.9% | -40.0% |
| Volatility (ann.) | 40.7% | 89.0% |
| Beta vs S&P 500 | 0.87 | 0.36 |
| Max drawdown (3Y) | -33.4% | -83.1% |
| Market cap | $77.9B | – |
| P/E (trailing) | 12.2 | – |
| Dividend yield | 1.38% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | B | DZZ |
|---|---|---|
| 2022 | -6.2% | +3.0% |
| 2023 | +7.9% | -8.3% |
| 2024 | -12.3% | -35.0% |
| 2025 | +186.9% | +132.7% |
| 2026 | +10.0% | -57.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are B and DZZ good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between B and DZZ?
The B/DZZ correlation stands at -0.26 on a 3-year window (1 year: -0.24, 5 years: -0.30), computed from weekly returns as of 2026-08-27.
Is DZZ a good diversifier for B?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 mean?
A reading of -0.26 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/b-vs-dzz.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/b-vs-dzz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: B correlations · DZZ correlations
