DZZ vs IDR: Correlation
How closely do DB Gold Double Short ETN due February 15, 2038 (DZZ) and Idaho Strategic Resources, Inc. (IDR) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DZZ and IDR?
On 3 years of weekly data the DZZ/IDR correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.33 lands near the 3-year figure. The 5-year figure is -0.22, and annualized covariance runs at -1750.5 %².
Among the 73 assets we track against DZZ, IDR ranks #46 by 3-year correlation. The last year tells two different stories: IDR led by 34.9 percentage points, -8.6% for DZZ against +26.3% for IDR.
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 IDR: side by side
| DZZ (DB Gold Double Short ETN due February 15, 2038) | IDR (Idaho Strategic Resources, Inc.) | |
|---|---|---|
| 1-year return | -8.6% | +26.3% |
| 5-year return | -40.0% | +702.8% |
| Volatility (ann.) | 89.0% | 73.6% |
| Beta vs S&P 500 | 0.36 | 0.68 |
| Max drawdown (3Y) | -83.1% | -50.0% |
| Market cap | – | $0.5B |
| P/E (trailing) | – | 22.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DZZ | IDR |
|---|---|---|
| 2022 | +3.0% | -23.4% |
| 2023 | -8.3% | +11.1% |
| 2024 | -35.0% | +61.0% |
| 2025 | +132.7% | +295.5% |
| 2026 | -57.2% | -16.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DZZ and IDR good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DZZ and IDR?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.33 over the last year and -0.22 over 5 years.
Is IDR a good diversifier for DZZ?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 mean?
A reading of -0.27 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-idr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dzz-vs-idr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DZZ correlations · IDR correlations
