DGZ vs ROL: Correlation
DB Gold Short ETN due February 15, 2038 (DGZ) and Rollins, Inc. (ROL) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DGZ and ROL?
Over the past 3 years, DGZ and ROL moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.35 over 1 year against -0.25 over 3. Over 5 years the correlation is -0.23, and the annualized covariance of weekly returns is -164.5 %².
Among the 156 assets we track against DGZ, ROL ranks #80 by 3-year correlation. Over the last 12 months DGZ came out ahead by 9.1 percentage points (-26.6% against -35.7%).
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 ROL: side by side
| DGZ (DB Gold Short ETN due February 15, 2038) | ROL (Rollins, Inc.) | |
|---|---|---|
| 1-year return | -26.6% | -35.7% |
| 5-year return | -50.3% | -1.8% |
| Volatility (ann.) | 28.3% | 23.2% |
| Beta vs S&P 500 | -0.18 | 0.51 |
| Max drawdown (3Y) | -59.5% | -44.6% |
| Market cap | – | $17.3B |
| P/E (trailing) | – | 32.7 |
| Dividend yield | – | 1.94% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | DGZ | ROL |
|---|---|---|
| 2022 | +4.9% | +8.1% |
| 2023 | -4.7% | +21.2% |
| 2024 | -16.5% | +7.6% |
| 2025 | -32.5% | +31.1% |
| 2026 | -10.0% | -39.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DGZ and ROL good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DGZ and ROL?
As of 2026-08-27, the correlation of weekly returns between DGZ and ROL is -0.25 over 3 years, -0.35 over 1 year and -0.23 over 5 years.
Is ROL a good diversifier for DGZ?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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-rol.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dgz-vs-rol/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DGZ correlations · ROL correlations
