Which stocks are most correlated with DZZ?

Based on one year of daily returns, the stocks most correlated with DB Gold Double Short ETN due February 15, 2038 (DZZ) are RNA (0.38), DUST (0.36) and GDXD (0.35). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with DZZ?

Over the past year, the stocks most inversely correlated with DB Gold Double Short ETN due February 15, 2038 (DZZ) are NTLA (-0.42), NEM (-0.40) and DRD (-0.38). A negative correlation means the two stocks have tended to move in opposite directions.

DB Gold Double Short ETN due February 15, 2038 (DZZ) — Stock Correlations & Overview

Over the past year, DZZ has moved most closely with RNA, DUST, GDXD. Explore the stocks most correlated and inversely correlated with DZZ below, along with its price, financials, and company profile.

Stocks correlated with DZZ

Correlation of daily returns. Higher positive values move with DZZ; negative values move opposite it. Informational only, not investment advice.

Most correlated with DZZ

Symbol	Company	Correlation
RNA	Atrium Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS	0.38
DUST	Direxion Daily Gold Miners Index Bear 2X ETF	0.36
GDXD	MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	0.35
JDST	Direxion Daily Junior Gold Miners Index Bear 2X ETF	0.33
TGS	Transportadora de Gas del Sur S.A. ADS	0.33

Most inversely correlated with DZZ

Symbol	Company	Correlation
NTLA	Intellia Therapeutics, IncIN VITRO & IN VIVO DIAGNOSTIC SUBSTANCES	-0.42
NEM	Newmont CorporationGOLD AND SILVER ORES	-0.40
DRD	DRDGOLD Ltd.	-0.38
GOAU	US Global GO Gold and Precious Metal Miners ETF	-0.38
RING	iShares MSCI Global Gold Miners ETF	-0.37

Frequently asked questions about DZZ correlations

Which stocks are most correlated with DZZ?: Based on one year of daily returns, the stocks most correlated with DB Gold Double Short ETN due February 15, 2038 (DZZ) are RNA (0.38), DUST (0.36) and GDXD (0.35). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with DZZ?: Over the past year, the stocks most inversely correlated with DB Gold Double Short ETN due February 15, 2038 (DZZ) are NTLA (-0.42), NEM (-0.40) and DRD (-0.38). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these DZZ correlations calculated?: We compute the correlation of daily returns between DZZ and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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