DZZ vs INBX: Correlation
DB Gold Double Short ETN due February 15, 2038 (DZZ) and Inhibrx Biosciences, Inc. (INBX) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DZZ and INBX?
Over the past 3 years, DZZ and INBX moved with a correlation of 0.39, which is moderate. Little has changed lately, as the 1-year reading of 0.49 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 3150.9 %².
INBX is one of the assets that tracks DZZ most closely: it ranks #2 out of the 73 assets we track against DZZ. Their recent paths diverged sharply: over the last 12 months INBX outperformed by 360.9 percentage points (-8.6% for DZZ against +352.3% for INBX).
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 INBX: side by side
| DZZ (DB Gold Double Short ETN due February 15, 2038) | INBX (Inhibrx Biosciences, Inc.) | |
|---|---|---|
| 1-year return | -8.6% | +352.3% |
| 5-year return | -40.0% | n/a |
| Volatility (ann.) | 89.0% | 80.6% |
| Beta vs S&P 500 | 0.36 | 1.34 |
| Max drawdown (3Y) | -83.1% | -44.1% |
| Market cap | – | $1.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DZZ | INBX |
|---|---|---|
| 2022 | +3.0% | – |
| 2023 | -8.3% | – |
| 2024 | -35.0% | – |
| 2025 | +132.7% | +413.0% |
| 2026 | -57.2% | +56.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DZZ and INBX good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DZZ and INBX?
The DZZ/INBX correlation stands at 0.39 on a 3-year window (1 year: 0.49, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is INBX a good diversifier for DZZ?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
A reading of 0.39 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: DZZ correlations · INBX correlations
