BULZ vs. GDXU
Compare and contrast key facts about MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) and MicroSectors Gold Miners 3X Leveraged ETN (GDXU).
BULZ and GDXU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BULZ is a passively managed fund by BMO that tracks the performance of the Solactive FANG Innovation. It was launched on Aug 17, 2021. GDXU is a passively managed fund by BMO that tracks the performance of the S-Network MicroSectors Gold Miners Index. It was launched on Dec 2, 2020. Both BULZ and GDXU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
BULZ vs. GDXU - Performance Comparison
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BULZ vs. GDXU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BULZ MicroSectors Solactive FANG & Innovation 3X Leveraged ETN | -32.23% | 60.09% | 54.09% | 394.22% | -92.26% | 12.62% |
GDXU MicroSectors Gold Miners 3X Leveraged ETN | -17.35% | 796.47% | -18.60% | -21.36% | -62.82% | -0.95% |
Returns By Period
In the year-to-date period, BULZ achieves a -32.23% return, which is significantly lower than GDXU's -17.35% return.
BULZ
- 1D
- 15.12%
- 1M
- -15.60%
- YTD
- -32.23%
- 6M
- -31.80%
- 1Y
- 68.79%
- 3Y*
- 56.38%
- 5Y*
- —
- 10Y*
- —
GDXU
- 1D
- 21.36%
- 1M
- -58.05%
- YTD
- -17.35%
- 6M
- -1.70%
- 1Y
- 237.00%
- 3Y*
- 56.52%
- 5Y*
- 3.51%
- 10Y*
- —
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BULZ vs. GDXU - Expense Ratio Comparison
Both BULZ and GDXU have an expense ratio of 0.95%.
Return for Risk
BULZ vs. GDXU — Risk / Return Rank
BULZ
GDXU
BULZ vs. GDXU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) and MicroSectors Gold Miners 3X Leveraged ETN (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.
| BULZ | GDXU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.75 | 1.71 | -0.96 |
Sortino ratioReturn per unit of downside risk | 1.54 | 2.24 | -0.69 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.33 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.21 | 3.32 | -2.11 |
Martin ratioReturn relative to average drawdown | 3.28 | 9.41 | -6.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BULZ | GDXU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.75 | 1.71 | -0.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.03 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.08 | -0.03 | -0.04 |
Correlation
The correlation between BULZ and GDXU is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
BULZ vs. GDXU - Dividend Comparison
Neither BULZ nor GDXU has paid dividends to shareholders.
Drawdowns
BULZ vs. GDXU - Drawdown Comparison
The maximum BULZ drawdown since its inception was -94.44%, roughly equal to the maximum GDXU drawdown of -94.39%. Use the drawdown chart below to compare losses from any high point for BULZ and GDXU.
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Drawdown Indicators
| BULZ | GDXU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.44% | -94.39% | -0.05% |
Max Drawdown (1Y)Largest decline over 1 year | -54.22% | -73.16% | +18.94% |
Max Drawdown (5Y)Largest decline over 5 years | — | -93.34% | — |
Current DrawdownCurrent decline from peak | -49.18% | -61.64% | +12.46% |
Average DrawdownAverage peak-to-trough decline | -60.16% | -69.98% | +9.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.05% | 25.85% | -5.80% |
Volatility
BULZ vs. GDXU - Volatility Comparison
The current volatility for MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) is 28.82%, while MicroSectors Gold Miners 3X Leveraged ETN (GDXU) has a volatility of 57.72%. This indicates that BULZ 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
| BULZ | GDXU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.82% | 57.72% | -28.90% |
Volatility (6M)Calculated over the trailing 6-month period | 60.39% | 121.60% | -61.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 92.38% | 139.74% | -47.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 91.57% | 108.93% | -17.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 91.57% | 108.91% | -17.34% |