DGZ vs NXXT: Correlation
DB Gold Short ETN due February 15, 2038 (DGZ) and NextNRG, Inc. (NXXT) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DGZ and NXXT?
Over the past 3 years, DGZ and NXXT moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.30 over 1 year against -0.24 over 3. Over 5 years the correlation is -0.21, and the annualized covariance of weekly returns is -1076.3 %².
Within DGZ's tracked universe of 156 assets, NXXT comes in at #73 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DGZ ahead by 60.0 points (-26.6% versus -86.6%). Risk is not evenly split, since NXXT carries 5.6 times the volatility of the other side.
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 NXXT: side by side
| DGZ (DB Gold Short ETN due February 15, 2038) | NXXT (NextNRG, Inc.) | |
|---|---|---|
| 1-year return | -26.6% | -86.6% |
| 5-year return | -50.3% | -99.7% |
| Volatility (ann.) | 28.3% | 157.3% |
| Beta vs S&P 500 | -0.18 | 1.37 |
| Max drawdown (3Y) | -59.5% | -97.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | – | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DGZ | NXXT |
|---|---|---|
| 2022 | +4.9% | -79.6% |
| 2023 | -4.7% | -27.8% |
| 2024 | -16.5% | -23.6% |
| 2025 | -32.5% | -53.2% |
| 2026 | -10.0% | -83.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DGZ and NXXT good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between DGZ and NXXT?
The DGZ/NXXT correlation stands at -0.24 on a 3-year window (1 year: -0.30, 5 years: -0.21), computed from weekly returns as of 2026-08-27.
Is NXXT a good diversifier for DGZ?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dgz-vs-nxxt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dgz-vs-nxxt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DGZ correlations · NXXT correlations
