ABAT vs. GDXU
ABAT (American Battery Technology Company Common Stock) is a stock, while GDXU (MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040) is Leveraged Equities fund tracking the S-Network MicroSectors Gold Miners Index. Over the past year, ABAT returned 146.72% vs 30.95% for GDXU. At a 0.24 correlation, their price movements are largely independent.
Performance
ABAT vs. GDXU - Performance Comparison
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Returns By Period
In the year-to-date period, ABAT achieves a 1.20% return, which is significantly higher than GDXU's -56.00% return.
ABAT
- 1D
- -1.17%
- 1M
- -4.79%
- YTD
- 1.20%
- 6M
- -17.36%
- 1Y
- 146.72%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GDXU
- 1D
- 8.84%
- 1M
- -50.11%
- YTD
- -56.00%
- 6M
- -55.92%
- 1Y
- 30.95%
- 3Y*
- 37.87%
- 5Y*
- -14.73%
- 10Y*
- —
ABAT vs. GDXU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ABAT American Battery Technology Company Common Stock | 1.20% | 35.77% | -47.55% | -60.25% |
GDXU MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040 | -56.00% | 796.47% | -18.60% | 4.34% |
Correlation
The correlation between ABAT and GDXU is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2023 | 0.24 |
The correlation between ABAT and GDXU shifts across timeframes, from 0.24 (all time) to 0.34 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ABAT vs. GDXU — Risk / Return Rank
ABAT
GDXU
ABAT vs. GDXU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Battery Technology Company Common Stock (ABAT) and MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040 (GDXU). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| ABAT | GDXU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.90 | ||
| Sortino ratioReturn per unit of downside risk | +0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.18 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.90 | 0.37 | +1.53 |
| Martin ratioReturn relative to average drawdown | 2.67 | 0.80 | +1.86 |
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Drawdowns
ABAT vs. GDXU - Drawdown Comparison
The maximum ABAT drawdown since its inception was -93.56%, roughly equal to the maximum GDXU drawdown of -94.39%. Use the drawdown chart below to compare losses from any high point for ABAT and GDXU.
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Drawdown Indicators
| ABAT | GDXU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.56% | -94.39% | +0.83% |
Max Drawdown (1Y)Largest decline over 1 year | -77.85% | -83.97% | +6.12% |
Max Drawdown (3Y)Largest decline over 3 years | — | -83.97% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -92.44% | — |
Current DrawdownCurrent decline from peak | -71.36% | -79.58% | +8.22% |
Average DrawdownAverage peak-to-trough decline | -77.65% | -69.77% | -7.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 55.23% | 38.59% | +16.64% |
Volatility
ABAT vs. GDXU - Volatility Comparison
The current volatility for American Battery Technology Company Common Stock (ABAT) is 41.35%, while MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040 (GDXU) has a volatility of 54.28%. This indicates that ABAT experiences smaller price fluctuations and is considered to be less risky than GDXU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ABAT | GDXU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 41.35% | 54.28% | -12.93% |
Volatility (6M)Calculated over the trailing 6-month period | 71.28% | 123.72% | -52.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 131.65% | 142.00% | -10.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 122.60% | 111.92% | +10.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 122.60% | 110.82% | +11.78% |
Dividends
ABAT vs. GDXU - Dividend Comparison
Neither ABAT nor GDXU has paid dividends to shareholders.
Frequently Asked Questions
ABAT and GDXU have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDXU has higher volatility (54.28%) compared to ABAT (41.35%). In terms of maximum drawdown, ABAT dropped -93.56% vs GDXU's -94.39%.
ABAT currently has the higher Sharpe Ratio (1.12 vs 0.22), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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