- ISIN
- US0636796411
- CUSIP
- 063679641
- Issuer
- BMO
- Inception Date
- Dec 2, 2020
- Region
- Global (Broad)
- Category
- Inverse Equities
- Leveraged
- 3x
- Index Tracked
- S-Network MicroSectors Gold Miners Index - Benchmark TR Gross (-300%)
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Assets Under Management
- $93M
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
GDXD Performance Chart
MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD) is down 51.2% since the beginning of the year. GDXD is currently trading at $41 per share. Investors who bought $1,000 worth of GDXD shares 5 years ago would now be looking at an investment worth $1.
Loading charts...
Returns By Period
MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD) has returned -51.21% so far this year and -93.33% over the past 12 months.
MicroSectors Gold Miners -3X Inverse Leveraged ETNs
- 1D
- 4.02%
- 1M
- -3.27%
- YTD
- -51.21%
- 6M
- -44.77%
- 1Y
- -93.33%
- 3Y*
- -85.03%
- 5Y*
- -74.43%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
GDXD Monthly Returns History
Based on dividend-adjusted daily data since Dec 3, 2020, GDXD's average daily return is -0.27%, while the average monthly return is -6.08%.
Historically, 37% of months were positive and 63% were negative. The best month was Mar 2026 with a return of +68.0%, while the worst month was Feb 2026 at -55.0%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 6 months.
On a daily basis, GDXD closed higher 48% of trading days. The best single day was Jan 30, 2026 with a return of +37.5%, while the worst single day was Nov 4, 2022 at -29.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -35.61% | -55.02% | 68.00% | 2.40% | -16.02% | 16.60% | -51.21% | ||||||
| 2025 | -35.59% | -7.61% | -38.63% | -29.55% | -19.50% | -13.24% | 2.60% | -47.78% | -47.44% | 2.28% | -41.77% | -17.91% | -97.53% |
| 2024 | 32.27% | 14.53% | -45.37% | -18.15% | -23.02% | 10.06% | -29.53% | -7.06% | -15.60% | -10.02% | 17.69% | 25.66% | -57.78% |
| 2023 | -30.63% | 52.79% | -43.63% | -10.81% | 22.91% | 7.17% | -17.22% | 18.18% | 29.40% | -14.27% | -33.74% | -5.58% | -52.35% |
| 2022 | 11.36% | -36.00% | -31.41% | 22.78% | 22.08% | 44.68% | -0.21% | 29.26% | -13.19% | -9.10% | -53.04% | -6.37% | -52.56% |
| 2021 | 6.79% | 24.26% | -12.10% | -19.66% | -37.45% | 48.97% | -7.89% | 15.12% | 32.45% | -25.77% | -2.76% | -9.28% | -19.71% |
Benchmark Metrics
MicroSectors Gold Miners -3X Inverse Leveraged ETNs has an annualized alpha of -29.99%, beta of -2.23, and R2 of 0.11 versus S&P 500 Index. Calculated based on daily prices since December 03, 2020.
- This ETF participated in 2.82% of S&P 500 Index downside but only -153.36% of its upside - more exposed to losses than it benefited from rallies.
- Beta of -2.23 may look defensive, but with R2 of 0.11 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.11 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -29.99%
- Beta
- -2.23
- R²
- 0.11
- Upside Capture
- -153.36%
- Downside Capture
- 2.82%
Expense Ratio
GDXD has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
GDXD ranks 2 for risk / return — in the bottom 2% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GDXD | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.69 | ||
| Sortino ratioReturn per unit of downside risk | -4.51 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.37 | -0.55 |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | 2.78 | -3.75 |
| Martin ratioReturn relative to average drawdown | -1.19 | 12.44 | -13.63 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the MicroSectors Gold Miners -3X Inverse Leveraged ETNs. 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 Miners -3X Inverse Leveraged ETNs was 99.96%, occurring on Feb 27, 2026. The portfolio has not yet recovered.
The current MicroSectors Gold Miners -3X Inverse Leveraged ETNs drawdown is 99.93%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -99.96%Feb 2026 | 4y 12mo | — | 5y 3moMar 2021 - now |
2021 bear market2021 | -37.91%Jan 2021 | 21d | 1mo 22d | 2mo 13dDec 2020 - Feb 2021 |
2020 correction2020 | -10.85%Dec 2020 | 0s | 4d | 4dDec 2020 - Dec 2020 |
Drawdown Indicators
| GDXD | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.96% | -56.78% | -43.18% |
Max Drawdown (1Y)Largest decline over 1 year | -96.33% | -9.10% | -87.23% |
Max Drawdown (3Y)Largest decline over 3 years | -99.86% | -18.90% | -80.96% |
Max Drawdown (5Y)Largest decline over 5 years | -99.96% | -25.43% | -74.53% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -99.93% | -1.80% | -98.13% |
Average DrawdownAverage peak-to-trough decline | -72.04% | -10.71% | -61.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 78.58% | 2.03% | +76.55% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with GDXD
Add MicroSectors Gold Miners -3X Inverse Leveraged ETNs to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with GDXD