- Issuer
- Global X
- Inception Date
- Jun 25, 2007
- Category
- Inverse Equities
- Leveraged
- -2x
- Index Tracked
- No Index (Active)
- Distribution Policy
- Accumulating
- Asset Class
- Equity
Share Price Chart
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Performance
GDXD.TO Performance Chart
BetaPro Canadian Gold Miners -2x Daily Bear ETF (GDXD.TO) is down 18.9% since the beginning of the year. GDXD.TO is currently trading at CA$13 per share. Investors who bought CA$1,000 worth of GDXD.TO shares 5 years ago would now be looking at an investment worth CA$24.
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Returns By Period
BetaPro Canadian Gold Miners -2x Daily Bear ETF (GDXD.TO) has returned -18.91% so far this year and -78.68% over the past 12 months. Over the last ten years, GDXD.TO has returned -47.44% per year, falling short of the S&P 500 Index benchmark, which averaged 14.61% annually.
BetaPro Canadian Gold Miners -2x Daily Bear ETF
- 1D
- 1.07%
- 1M
- 26.07%
- YTD
- -18.91%
- 6M
- -17.03%
- 1Y
- -78.68%
- 3Y*
- -67.32%
- 5Y*
- -52.75%
- 10Y*
- -47.44%
Benchmark (S&P 500 Index)
- 1D
- 0.93%
- 1M
- 1.99%
- YTD
- 13.67%
- 6M
- 12.89%
- 1Y
- 25.52%
- 3Y*
- 21.80%
- 5Y*
- 14.76%
- 10Y*
- 14.61%
GDXD.TO Monthly Returns History
Based on dividend-adjusted daily data since Jun 26, 2007, GDXD.TO's average daily return is -0.12%, while the average monthly return is -2.94%.
Historically, 42% of months were positive and 58% were negative. The best month was Apr 2013 with a return of +46.5%, while the worst month was Nov 2008 at -66.4%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 14 months.
On a daily basis, GDXD.TO closed higher 49% of trading days. The best single day was Oct 2, 2008 with a return of +28.5%, while the worst single day was Nov 21, 2008 at -54.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -18.24% | -41.17% | 38.30% | 11.59% | -13.36% | 26.07% | -18.91% | ||||||
| 2025 | -25.51% | -7.05% | -22.81% | -9.40% | -7.19% | -9.20% | -3.22% | -35.99% | -32.73% | -1.93% | -32.80% | -4.28% | -89.27% |
| 2024 | 22.16% | 10.25% | -32.05% | -12.42% | -16.11% | 4.87% | -23.50% | -7.14% | -5.00% | -12.96% | 6.71% | 10.64% | -51.09% |
| 2023 | -8.70% | 30.22% | -24.86% | -7.90% | 15.97% | 8.95% | -6.64% | 2.71% | 21.25% | -16.17% | -17.34% | 1.76% | -14.78% |
| 2022 | 5.69% | -22.17% | -19.78% | 7.41% | 18.46% | 21.68% | 7.35% | 11.00% | -19.53% | 0.58% | -26.56% | -4.25% | -30.72% |
| 2021 | 6.24% | 30.93% | -11.34% | -12.08% | -19.90% | 18.28% | -12.58% | 9.88% | 20.75% | -9.83% | -8.36% | -2.22% | -3.72% |
Benchmark Metrics
BetaPro Canadian Gold Miners -2x Daily Bear ETF has an annualized alpha of -18.98%, beta of -0.57, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since June 26, 2007.
- This ETF participated in 164.64% of S&P 500 Index downside but only -80.53% of its upside - more exposed to losses than it benefited from rallies.
- Beta of -0.57 may look defensive, but with R2 of 0.02 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 0.02 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
- -18.98%
- Beta
- -0.57
- R²
- 0.02
- Upside Capture
- -80.53%
- Downside Capture
- 164.64%
Return for Risk
Risk / Return Rank
GDXD.TO 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 BetaPro Canadian Gold Miners -2x Daily Bear ETF (GDXD.TO) 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.TO | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.85 | ||
| Sortino ratioReturn per unit of downside risk | -4.55 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.35 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | 2.79 | -3.69 |
| Martin ratioReturn relative to average drawdown | -1.14 | 10.35 | -11.49 |
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 BetaPro Canadian Gold Miners -2x Daily Bear ETF. 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 BetaPro Canadian Gold Miners -2x Daily Bear ETF was 100.00%, occurring on Mar 2, 2026. The portfolio has not yet recovered.
The current BetaPro Canadian Gold Miners -2x Daily Bear ETF drawdown is 100.00%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -100.00%Mar 2026 | 18y 6mo | — | 18y 10moAug 2007 - now |
2007 bear market2007 | -24.69%Jul 2007 | 23d | 27d | 1mo 20dJun 2007 - Aug 2007 |
Drawdown Indicators
| GDXD.TO | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -48.87% | -51.13% |
Max Drawdown (1Y)Largest decline over 1 year | -87.59% | -9.17% | -78.42% |
Max Drawdown (3Y)Largest decline over 3 years | -98.32% | -19.59% | -78.73% |
Max Drawdown (5Y)Largest decline over 5 years | -98.83% | -23.14% | -75.69% |
Max Drawdown (10Y)Largest decline over 10 years | -99.95% | -27.97% | -71.98% |
Current DrawdownCurrent decline from peak | -100.00% | 0.00% | -100.00% |
Average DrawdownAverage peak-to-trough decline | -94.39% | -9.64% | -84.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 68.90% | 2.47% | +66.43% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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