DGZ vs KTCC: Correlation
DB Gold Short ETN due February 15, 2038 (DGZ) and Key Tronic Corporation (KTCC) show a moderate relationship: their 3-year correlation of weekly returns is 0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DGZ and KTCC?
Over the past 3 years, DGZ and KTCC moved with a correlation of 0.31, which is moderate. The past 12 months show a tighter link (0.51) than the 3-year average (0.31). Over 5 years the correlation is 0.17, and the annualized covariance of weekly returns is 341.0 %².
In DGZ's tracked universe of 156 assets, KTCC sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months KTCC outperformed by 55.8 percentage points (-26.6% for DGZ against +29.2% for KTCC).
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 KTCC: side by side
| DGZ (DB Gold Short ETN due February 15, 2038) | KTCC (Key Tronic Corporation) | |
|---|---|---|
| 1-year return | -26.6% | +29.2% |
| 5-year return | -50.3% | -42.7% |
| Volatility (ann.) | 28.3% | 39.4% |
| Beta vs S&P 500 | -0.18 | 0.56 |
| Max drawdown (3Y) | -59.5% | -62.5% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | – | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DGZ | KTCC |
|---|---|---|
| 2022 | +4.9% | -30.8% |
| 2023 | -4.7% | -0.2% |
| 2024 | -16.5% | -3.5% |
| 2025 | -32.5% | -33.1% |
| 2026 | -10.0% | +38.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DGZ and KTCC good diversifiers for each other?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DGZ and KTCC?
As of 2026-08-27, the correlation of weekly returns between DGZ and KTCC is 0.31 over 3 years, 0.51 over 1 year and 0.17 over 5 years.
Is KTCC a good diversifier for DGZ?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.31 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-ktcc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dgz-vs-ktcc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DGZ correlations · KTCC correlations
