MicroSectors Gold Miners 3X Leveraged ETN (GDXU)
GDXU is a passive ETF by BMO Financial Group tracking the investment results of the S-Network MicroSectors Gold Miners Index. GDXU launched on Dec 2, 2020 and has a 0.95% expense ratio.
ETF Info
| ISIN | US0636796585 |
|---|---|
| CUSIP | 063679658 |
| Issuer | BMO Financial Group |
| Inception Date | Dec 2, 2020 |
| Region | Global (Broad) |
| Category | Leveraged Equities, Leveraged |
| Leveraged | 3x |
| Index Tracked | S-Network MicroSectors Gold Miners Index |
| Asset Class | Equity |
Expense Ratio
GDXU has a high expense ratio of 0.95%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in MicroSectors Gold Miners 3X Leveraged ETN, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
MicroSectors Gold Miners 3X Leveraged ETN had a return of 29.29% year-to-date (YTD) and 77.95% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 29.29% | 25.70% |
| 1 month | 0.54% | 3.51% |
| 6 months | 6.49% | 14.80% |
| 1 year | 77.95% | 37.91% |
| 5 years (annualized) | N/A | 14.18% |
| 10 years (annualized) | N/A | 11.41% |
Monthly Returns
The table below presents the monthly returns of GDXU, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -30.37% | -19.61% | 66.40% | 8.46% | 19.77% | -16.98% | 30.92% | -0.27% | 6.83% | 3.57% | 29.29% | ||
| 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 | -19.23% | 40.38% | 31.46% | -26.46% | -30.66% | -41.96% | -9.98% | -29.86% | -5.16% | -5.41% | 57.96% | -3.35% | -61.85% |
| 2021 | -17.60% | -29.84% | 5.67% | 13.63% | 47.81% | -38.27% | 1.56% | -21.35% | -29.25% | 26.79% | -1.74% | -1.50% | -56.08% |
| 2020 | 4.66% | 4.66% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of GDXU is 24, indicating that it is in the bottom 24% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for MicroSectors Gold Miners 3X Leveraged ETN (GDXU) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the MicroSectors Gold Miners 3X 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 Miners 3X Leveraged ETN was 94.39%, occurring on Feb 28, 2024. The portfolio has not yet recovered.
The current MicroSectors Gold Miners 3X Leveraged ETN drawdown is 86.15%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -94.39% | Jan 6, 2021 | 790 | Feb 28, 2024 | — | — | — |
| -18.21% | Dec 8, 2020 | 5 | Dec 14, 2020 | 3 | Dec 17, 2020 | 8 |
| -14.93% | Dec 18, 2020 | 3 | Dec 22, 2020 | 7 | Jan 4, 2021 | 10 |
| -2.5% | Dec 4, 2020 | 1 | Dec 4, 2020 | 1 | Dec 7, 2020 | 2 |
Volatility
Volatility Chart
The current MicroSectors Gold Miners 3X Leveraged ETN volatility is 25.59%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.