- Issuer
- Global X
- Inception Date
- Jun 25, 2007
- Category
- Leveraged Equities
- Leveraged
- 2x
- Index Tracked
- No Index (Active)
- Distribution Policy
- Accumulating
- Asset Class
- Equity
Share Price Chart
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Performance
GDXU.TO Performance Chart
BetaPro Canadian Gold Miners 2x Daily Bull ETF (GDXU.TO) is down 28.8% since the beginning of the year. GDXU.TO is currently trading at CA$26 per share. Investors who bought CA$1,000 worth of GDXU.TO shares 5 years ago would now be looking at an investment worth CA$4,579.
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Returns By Period
BetaPro Canadian Gold Miners 2x Daily Bull ETF (GDXU.TO) has returned -28.76% so far this year and 101.37% over the past 12 months. Over the last ten years, GDXU.TO has returned 11.19% per year, falling short of the S&P 500 Index benchmark, which averaged 14.61% annually.
BetaPro Canadian Gold Miners 2x Daily Bull ETF
- 1D
- -0.19%
- 1M
- -28.04%
- YTD
- -28.76%
- 6M
- -30.23%
- 1Y
- 101.37%
- 3Y*
- 82.36%
- 5Y*
- 35.57%
- 10Y*
- 11.19%
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%
GDXU.TO Monthly Returns History
Based on dividend-adjusted daily data since Jun 26, 2007, GDXU.TO's average daily return is +0.11%, while the average monthly return is +2.04%. At this rate, an investment would double in approximately 2.9 years.
Historically, 51% of months were positive and 49% were negative. The best month was Apr 2020 with a return of +96.0%, while the worst month was Oct 2008 at -58.8%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 7 months.
On a daily basis, GDXU.TO closed higher 49% of trading days. The best single day was May 30, 2016 with a return of +98.7%, while the worst single day was Oct 22, 2008 at -24.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 11.42% | 53.22% | -35.73% | -14.57% | 5.62% | -28.04% | -28.76% | ||||||
| 2025 | 29.74% | 4.54% | 26.17% | 2.69% | 0.16% | 6.94% | 0.92% | 50.30% | 43.94% | -8.43% | 38.87% | 1.81% | 432.04% |
| 2024 | -19.27% | -11.41% | 44.91% | 9.92% | 18.23% | -8.90% | 28.10% | 3.95% | 3.15% | 10.80% | -9.63% | -11.68% | 49.04% |
| 2023 | 17.10% | -24.40% | 28.61% | 7.98% | -15.85% | -9.00% | 5.29% | -4.37% | -18.26% | 16.76% | 18.18% | -5.47% | 1.08% |
| 2022 | -9.87% | 22.93% | 19.66% | -9.69% | -19.13% | -22.50% | -10.67% | -12.22% | 18.35% | -4.28% | 26.26% | 2.21% | -13.97% |
| 2021 | -10.66% | -27.06% | 9.43% | 10.54% | 21.14% | -17.60% | 12.15% | -11.76% | -18.77% | 8.86% | 6.75% | -0.19% | -26.64% |
Benchmark Metrics
BetaPro Canadian Gold Miners 2x Daily Bull ETF has an annualized alpha of 17.02%, beta of 0.53, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since June 26, 2007.
- This ETF participated in 8.94% of S&P 500 Index downside but only -21.18% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.53 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
- 17.02%
- Beta
- 0.53
- R²
- 0.02
- Upside Capture
- -21.18%
- Downside Capture
- 8.94%
Return for Risk
Risk / Return Rank
GDXU.TO ranks 36 for risk / return — below 36% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for BetaPro Canadian Gold Miners 2x Daily Bull ETF (GDXU.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.
| GDXU.TO | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.35 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | 2.79 | -1.11 |
| Martin ratioReturn relative to average drawdown | 3.88 | 10.35 | -6.47 |
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 Bull 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 Bull ETF was 98.01%, occurring on Nov 17, 2015. Recovery took 2578 trading sessions.
The current BetaPro Canadian Gold Miners 2x Daily Bull ETF drawdown is 58.27%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2015 bear market2015 | -98.01%Nov 2015 | 7y 8mo | 10y 3mo | 17y 11moMar 2008 - Feb 2026 |
2026 bear market2026 | -60.60%Jun 2026 | 3mo 10d | — | 4mo 1dMar 2026 - now |
2007 bear market2007 | -32.31%Aug 2007 | 24d | 1mo 5d | 1mo 29dJul 2007 - Sep 2007 |
Financial crisis2007–2009 | -25.17%Jan 2008 | 6d | 1mo 23d | 1mo 29dJan 2008 - Mar 2008 |
Financial crisis2007–2009 | -24.70%Dec 2007 | 1mo 13d | 13d | 1mo 26dNov 2007 - Jan 2008 |
Drawdown Indicators
| GDXU.TO | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.01% | -48.87% | -49.14% |
Max Drawdown (1Y)Largest decline over 1 year | -60.60% | -9.17% | -51.43% |
Max Drawdown (3Y)Largest decline over 3 years | -60.60% | -19.59% | -41.01% |
Max Drawdown (5Y)Largest decline over 5 years | -62.92% | -23.14% | -39.78% |
Max Drawdown (10Y)Largest decline over 10 years | -79.29% | -27.97% | -51.32% |
Current DrawdownCurrent decline from peak | -58.27% | 0.00% | -58.27% |
Average DrawdownAverage peak-to-trough decline | -78.33% | -9.64% | -68.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.19% | 2.47% | +23.72% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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