DGZ vs EFX: Correlation
Measured on weekly returns over the past three years, DB Gold Short ETN due February 15, 2038 (DGZ) and Equifax (EFX) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DGZ and EFX?
Across a 3-year window, the weekly returns of DGZ and EFX correlate at -0.22, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.30) sits close to the 3-year figure. Stretching to 5 years gives -0.22, with an annualized covariance of -205.6 %².
Within DGZ's tracked universe of 156 assets, EFX comes in at #48 by 3-year correlation. Their 12-month results are close: -26.6% for DGZ against -21.8% for EFX.
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.
DGZ vs EFX: side by side
| DGZ (DB Gold Short ETN due February 15, 2038) | EFX (Equifax) | |
|---|---|---|
| 1-year return | -26.6% | -21.8% |
| 5-year return | -50.3% | -26.0% |
| Volatility (ann.) | 28.3% | 33.3% |
| Beta vs S&P 500 | -0.18 | 1.25 |
| Max drawdown (3Y) | -59.5% | -49.7% |
| Market cap | – | $22.4B |
| P/E (trailing) | – | 33.5 |
| Dividend yield | – | 1.11% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | DGZ | EFX |
|---|---|---|
| 2022 | +4.9% | -33.1% |
| 2023 | -4.7% | +28.2% |
| 2024 | -16.5% | +3.7% |
| 2025 | -32.5% | -14.2% |
| 2026 | -10.0% | -11.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DGZ and EFX good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DGZ and EFX?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.30 over the last year and -0.22 over 5 years.
Is EFX a good diversifier for DGZ?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dgz-vs-efx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dgz-vs-efx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DGZ correlations · EFX correlations
