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DGZ correlations (DB Gold Short ETN due February 15, 2038)

Which assets move with DGZ and which ones diversify it, computed from weekly returns across 4756 stocks and ETFs.

Data as of 2026-08-27 · refreshed every trading day · US Listed

Volatility (ann.)

28.3%

3y weekly

Beta vs S&P 500

-0.18

3y weekly

1-year return

-26.6%

price, adjusted

5-year return

-50.3%

price, adjusted

Max drawdown

-59.5%

3y, daily closes

DGZ over the last 12 months, weekly closes indexed to 100 at the start.

Stocks and ETFs most correlated with DGZ

Asset		Correlation (3Y)
KTCC	Key Tronic Corporation	0.31
CHR	Cheer Holding, Inc. - Class A	0.26
DZZ	DB Gold Double Short ETN due February 15, 2038	0.25
BLZE	Backblaze, Inc.	0.25
ASTC	Astrotech Corporation	0.24

If the goal is offsetting DGZ, these tracked assets have historically moved the most on their own terms.

Asset		Correlation (3Y)
BAR	GraniteShares Gold Trust Shares of Beneficial Interest	-0.54
GLD	SPDR Gold Shares	-0.54
DGP	DB Gold Double Long ETN due February 15, 2038	-0.53

Free API · no key required

$ curl https://www.pairbook.io/api/v1/symbols/dgz.json

Correlations, diversifiers, beta and volatility for DGZ, plus one endpoint per pair. API documentation.