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MicroSectors Gold Miners 3X Leveraged ETN (GDXU)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ETF Info

ISIN
US0636796585
CUSIP
063679658
Issuer
BMO
Inception Date
Dec 2, 2020
Region
Global (Broad)
Leveraged
3x
Index Tracked
S-Network MicroSectors Gold Miners Index
Distribution Policy
Accumulating
Asset Class
Equity

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.


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S&P 500 Index

Returns By Period

MicroSectors Gold Miners 3X Leveraged ETN (GDXU) has returned -17.35% so far this year and 237.00% over the past 12 months.


MicroSectors Gold Miners 3X Leveraged ETN

1D
21.36%
1M
-58.05%
YTD
-17.35%
6M
-1.70%
1Y
237.00%
3Y*
56.52%
5Y*
3.51%
10Y*

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Dec 3, 2020, GDXU's average daily return is +0.23%, while the average monthly return is +4.24%. At this rate, your investment would double in approximately 1.4 years.

Historically, 53% of months were positive and 47% 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%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
202616.58%68.99%-58.05%-17.35%
202544.15%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%
202330.57%-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 ETN has an annualized alpha of 36.74%, beta of 2.07, and R² of 0.10 versus S&P 500 Index. Calculated based on daily prices since December 04, 2020.

  • This ETF participated in 203.92% of S&P 500 Index downside but only 197.60% of its upside — more exposed to losses than it benefited from rallies.
  • R² of 0.10 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
36.74%
Beta
2.07
0.10
Upside Capture
197.60%
Downside Capture
203.92%

Expense Ratio

GDXU has a high expense ratio of 0.95%, indicating above-average management fees.


Return for Risk

Risk / Return Rank

GDXU ranks 84 for risk / return — in the top 84% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.


GDXU Risk / Return Rank: 8484
Overall Rank
GDXU Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
GDXU Sortino Ratio Rank: 8383
Sortino Ratio Rank
GDXU Omega Ratio Rank: 8282
Omega Ratio Rank
GDXU Calmar Ratio Rank: 9191
Calmar Ratio Rank
GDXU Martin Ratio Rank: 8282
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for MicroSectors Gold Miners 3X Leveraged ETN (GDXU) and compare them to a chosen benchmark (S&P 500 Index).


GDXUBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

1.71

0.90

+0.81

Sortino ratio

Return per unit of downside risk

2.24

1.39

+0.85

Omega ratio

Gain probability vs. loss probability

1.33

1.21

+0.11

Calmar ratio

Return relative to maximum drawdown

3.32

1.40

+1.92

Martin ratio

Return relative to average drawdown

9.41

6.61

+2.80

Explore GDXU risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History


MicroSectors Gold Miners 3X Leveraged ETN doesn't pay dividends

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 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. Recovery took 469 trading sessions.

The current MicroSectors Gold Miners 3X Leveraged ETN drawdown is 61.64%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-94.39%Jan 6, 2021791Feb 28, 2024469Jan 12, 20261260
-73.16%Jan 29, 202636Mar 20, 2026
-18.21%Dec 8, 20205Dec 14, 20203Dec 17, 20208
-14.93%Dec 18, 20203Dec 22, 20207Jan 4, 202110
-3.92%Jan 21, 20261Jan 21, 20261Jan 22, 20262

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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