MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD) Sharpe Ratio: -0.69

GDXD's Sharpe Ratio of -0.69 indicates that for each unit of volatility, it generates -0.69 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 3, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

GDXD Sharpe Ratio Rank

Concerning

GDXD ranks above 3.1% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating weak returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

Strong returns with low total volatility → Higher rank
High volatility (both upside and downside) → Lower rank
Consistent returns → Higher rank than volatile returns of same magnitude
Sharp drawdowns increase volatility → Lower rank

What you can do with this information

Weak risk-adjusted returns relative to category peers
Evaluate whether this holding aligns with your risk-return objectives
Consider reducing exposure or re-evaluating position size
Review higher-ranked alternatives in the same category

GDXD Sharpe Ratio Market Positioning

The chart shows GDXD's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

Red zone (bottom 25%): 0.90 or lower
Yellow zone (middle 50%): 0.90 to 2.51
Green zone (top 25%): 2.51 or higher
Top 1%: 7.75+
Median: 1.77 — half of all investments score higher

How it compares to other similar ETFs

The table compares MicroSectors Gold Miners -3X Inverse Leveraged ETNs's Sharpe Ratio with other ETFs in the Inverse Equities category across multiple time periods, showing how GDXD's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 3, 2026.

Symbol	Name	1Y Sharpe Ratio
NFXS	Direxion Daily NFLX Bear 1X Shares	1.22
SVIX	Volatility Shares -1x Short VIX Futures ETF	1.01
BRKD	Direxion Daily BRKB Bear 1X Shares	0.69
MSTZ	T-REX 2X Inverse MSTR Daily Target ETF	0.41
SMST	Defiance Daily Target 2X Short MSTR ETF	0.29
METD	Direxion Daily META Bear 1X ETF	0.18
SEF	ProShares Short Financials	0.16
MSFD	Direxion Daily MSFT Bear 1X Shares	0.15
EMTY	ProShares Decline of the Retail Store ETF	0.01
FIAT	YieldMax Short COIN Option Income Strategy ETF	-0.14
GDXD	MicroSectors Gold Miners -3X Inverse Leveraged ETNs	-0.69

Benchmark Against

Benchmark

S&P 500 Index

Lookback Period

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Historical Sharpe Ratio

The chart shows GDXD's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when GDXD consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

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