DZZ vs WRLD: Correlation
DB Gold Double Short ETN due February 15, 2038 (DZZ) and World Acceptance Corporation (WRLD) 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 DZZ and WRLD?
Across a 3-year window, the weekly returns of DZZ and WRLD correlate at -0.25, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.46) runs below the 3-year figure (-0.25). Stretching to 5 years gives -0.20, with an annualized covariance of -937.2 %².
Among the 73 assets we track against DZZ, WRLD ranks #40 by 3-year correlation. Correlation aside, the last 12 months split them widely, with WRLD ahead by 18.9 points (-8.6% versus +10.3%). One caveat on sizing: DZZ is 2.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 WRLD: side by side
| DZZ (DB Gold Double Short ETN due February 15, 2038) | WRLD (World Acceptance Corporation) | |
|---|---|---|
| 1-year return | -8.6% | +10.3% |
| 5-year return | -40.0% | +0.7% |
| Volatility (ann.) | 89.0% | 42.1% |
| Beta vs S&P 500 | 0.36 | 1.17 |
| Max drawdown (3Y) | -83.1% | -37.3% |
| Market cap | – | $0.9B |
| P/E (trailing) | – | 24.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DZZ | WRLD |
|---|---|---|
| 2022 | +3.0% | -73.1% |
| 2023 | -8.3% | +98.0% |
| 2024 | -35.0% | -13.9% |
| 2025 | +132.7% | +24.9% |
| 2026 | -57.2% | +35.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DZZ and WRLD 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 DZZ and WRLD?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.46 over the last year and -0.20 over 5 years.
Is WRLD a good diversifier for DZZ?
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?
A reading of -0.25 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-wrld.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dzz-vs-wrld/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DZZ correlations · WRLD correlations
