MicroSectors Gold -3X Inverse Leveraged ETN (DULL)
DULL is a passive ETF by REX Microsectors tracking the investment results of the LBMA Gold Price PM ($/ozt) (-200%). DULL launched on Feb 21, 2023 and has a 0.95% expense ratio.
ETF Info
US0636795181
Feb 21, 2023
Global (Broad)
1x
LBMA Gold Price PM ($/ozt) (-200%)
Expense Ratio
DULL has a high expense ratio of 0.95%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
MicroSectors Gold -3X Inverse Leveraged ETN (DULL) returned -53.78% year-to-date (YTD) and -67.85% over the past 12 months.
DULL
-53.78%
-2.44%
-53.00%
-67.85%
N/A
N/A
N/A
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
Monthly Returns
The table below presents the monthly returns of DULL, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | -17.92% | -5.53% | -23.85% | -17.61% | -4.99% | -53.78% | |||||||
| 2024 | 5.08% | -0.64% | -21.93% | -9.45% | -4.65% | -0.25% | -14.73% | -6.16% | -13.80% | -11.90% | 8.64% | 4.26% | -51.68% |
| 2023 | -0.28% | -21.37% | -2.64% | 4.15% | 7.38% | -6.11% | 4.66% | 16.51% | -19.42% | -6.73% | -4.10% | -29.56% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of DULL is 0, meaning it’s performing worse than 100% of other ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for MicroSectors Gold -3X Inverse Leveraged ETN (DULL) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the MicroSectors Gold -3X Inverse Leveraged ETN. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the MicroSectors Gold -3X Inverse Leveraged ETN was 85.75%, occurring on May 6, 2025. The portfolio has not yet recovered.
The current MicroSectors Gold -3X Inverse Leveraged ETN drawdown is 84.64%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -85.75% | Oct 6, 2023 | 396 | May 6, 2025 | — | — | — |
| -31.84% | Feb 27, 2023 | 48 | May 4, 2023 | 106 | Oct 5, 2023 | 154 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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