- ISIN
- US0636796585
- CUSIP
- 063679658
- Issuer
- BMO
- Inception Date
- Dec 2, 2020
- Region
- Global (Broad)
- Category
- Leveraged Equities, Gold, Precious Metals
- Leveraged
- 3x
- Index Tracked
- S-Network MicroSectors Gold Miners Index
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Assets Under Management
- $1B
Highlights
- Avg. Volume (1M)
- 1M
- Avg. Volume Value (1M)
- $115.40M
Share Price Chart
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Performance
GDXU Performance Chart
MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040 (GDXU) is down 69.2% since the beginning of the year. GDXU is currently trading at $75 per share. Investors who bought $1,000 worth of GDXU shares 5 years ago would now be looking at an investment worth $460.
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Returns By Period
MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040 (GDXU) has returned -69.22% so far this year and 8.47% over the past 12 months.
MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040
- 1D
- -10.43%
- 1M
- -21.69%
- 6M
- -73.59%
- YTD
- -69.22%
- 1Y
- 8.47%
- 3Y*
- 27.81%
- 5Y*
- -14.38%
- 10Y*
- —
- ALL TIME*
- -18.76%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
GDXU Monthly Returns History
Based on dividend-adjusted daily data since Dec 3, 2020, GDXU's average daily return is +0.17%, while the average monthly return is +2.82%. At this rate, an investment would double in approximately 2.1 years.
Historically, 50% of months were positive and 50% were negative. The best month was Aug 2025 with a return of +77.6%, while the worst month was Mar 2026 at -58.1%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 7 months.
On a daily basis, GDXU closed higher 50% of trading days. The best single day was Nov 4, 2022 with a return of +29.5%, while the worst single day was Jan 30, 2026 at -38.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 16.58% | 68.99% | -58.05% | -15.69% | -3.79% | -47.80% | -12.03% | -69.22% | |||||
| 2025 | 44.15% | 0.89% | 51.18% | 10.54% | 5.45% | 4.36% | -8.67% | 77.64% | 73.70% | -24.91% | 45.49% | 8.86% | 796.47% |
| 2024 | -30.37% | -19.61% | 66.40% | 8.46% | 19.77% | -16.98% | 30.92% | -0.27% | 6.83% | 3.57% | -22.99% | -27.15% | -18.60% |
| 2023 | 30.57% | -38.17% | 53.21% | 5.88% | -24.58% | -11.99% | 9.08% | -20.49% | -26.12% | 7.53% | 36.41% | -3.75% | -21.36% |
| 2022 | -21.28% | 40.38% | 31.46% | -26.46% | -30.66% | -41.96% | -9.98% | -29.86% | -5.16% | -5.41% | 57.96% | -3.35% | -62.82% |
| 2021 | -17.60% | -29.84% | 5.67% | 13.63% | 47.81% | -38.27% | 1.56% | -21.35% | -29.25% | 26.79% | -1.74% | 1.06% | -54.93% |
Benchmark Metrics
MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040 has an annualized alpha of 11.08%, beta of 2.27, and R2 of 0.11 versus S&P 500 Index. Calculated based on daily prices since December 03, 2020.
- This ETF participated in 232.57% of S&P 500 Index downside but only 153.62% of its upside - more exposed to losses than it benefited from rallies.
- 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
- 11.08%
- Beta
- 2.27
- R²
- 0.11
- Upside Capture
- 153.62%
- Downside Capture
- 232.57%
Expense Ratio
GDXU has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
GDXU ranks 21 for risk / return — above 21% of ETFs peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040 (GDXU) 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.
| GDXU | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.25 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.15 | 2.00 | -1.85 |
| Martin ratioReturn relative to average drawdown | 0.27 | 8.49 | -8.22 |
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 Miners 3X Leveraged ETNs due June 29, 2040. 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 Leveraged ETNs due June 29, 2040 was 94.39%, occurring on Feb 28, 2024. Recovery took 469 trading sessions.
The current MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040 drawdown is 85.71%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-94.39%Feb 2024 | 3y 1mo | 1y 10mo | 5y 7dJan 2021 - Jan 2026 | — |
-87.14%Jul 2026 | 5mo 22d | — | 6mo 5dJan 2026 - now | — |
-18.21%Dec 2020 | 6d | 3d | 9dDec 2020 - Dec 2020 | — |
-14.93%Dec 2020 | 4d | 13d | 17dDec 2020 - Jan 2021 | — |
-3.92%Jan 2026 | 1d | 1d | 1dJan 2026 - Jan 2026 | — |
Drawdown Indicators
| GDXU | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.39% | -56.78% | -37.61% |
Max Drawdown (1Y)Largest decline over 1 year | -87.14% | -9.10% | -78.04% |
Max Drawdown (3Y)Largest decline over 3 years | -87.14% | -18.90% | -68.24% |
Max Drawdown (5Y)Largest decline over 5 years | -91.30% | -25.43% | -65.87% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -85.71% | -1.58% | -84.13% |
Average DrawdownAverage peak-to-trough decline | -70.08% | -10.70% | -59.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 48.64% | 2.14% | +46.50% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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