DZZ vs FURY: Correlation
How closely do DB Gold Double Short ETN due February 15, 2038 (DZZ) and Fury Gold Mines Limited (FURY) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DZZ and FURY?
On 3 years of weekly data the DZZ/FURY correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.26 over 1 year against -0.24 over 3. The 5-year figure is -0.25, and annualized covariance runs at -1337.1 %².
Among the 73 assets we track against DZZ, FURY ranks #33 by 3-year correlation. The last year tells two different stories: FURY led by 30.6 percentage points, -8.6% for DZZ against +22.0% for FURY.
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.
DZZ vs FURY: side by side
| DZZ (DB Gold Double Short ETN due February 15, 2038) | FURY (Fury Gold Mines Limited) | |
|---|---|---|
| 1-year return | -8.6% | +22.0% |
| 5-year return | -40.0% | -17.1% |
| Volatility (ann.) | 89.0% | 62.8% |
| Beta vs S&P 500 | 0.36 | 0.82 |
| Max drawdown (3Y) | -83.1% | -46.9% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DZZ | FURY |
|---|---|---|
| 2022 | +3.0% | -33.3% |
| 2023 | -8.3% | +18.5% |
| 2024 | -35.0% | -26.9% |
| 2025 | +132.7% | +59.5% |
| 2026 | -57.2% | +5.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DZZ and FURY good diversifiers for each other?
Yes. With a correlation of -0.24, DZZ and FURY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DZZ and FURY?
As of 2026-08-27, the correlation of weekly returns between DZZ and FURY is -0.24 over 3 years, -0.26 over 1 year and -0.25 over 5 years.
Is FURY a good diversifier for DZZ?
Yes. With a correlation of -0.24, DZZ and FURY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
A reading of -0.24 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/dzz-vs-fury.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dzz-vs-fury/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DZZ correlations · FURY correlations
