DULL vs. MOOD
DULL (MicroSectors Gold -3X Inverse Leveraged ETN) and MOOD (Relative Sentiment Tactical Allocation ETF) are both exchange-traded funds - DULL is a Inverse Commodities fund tracking the LBMA Gold Price PM ($/ozt) (-300%), while MOOD is a Tactical Allocation fund actively managed by Alpha Architect. DULL is passively managed, while MOOD is actively managed. Over the past 3 years, DULL returned -58.83%/yr vs 19.85%/yr for MOOD. Their -0.48 correlation means they have often moved in opposite directions in the past. DULL charges 0.95%/yr vs 0.73%/yr for MOOD.
Performance
DULL vs. MOOD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DULL achieves a -12.17% return, which is significantly lower than MOOD's 13.59% return.
DULL
- 1D
- -0.01%
- 1M
- 3.76%
- 6M
- 20.95%
- YTD
- -12.17%
- 1Y
- -61.47%
- 3Y*
- -58.83%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -56.11%
MOOD
- 1D
- 0.28%
- 1M
- 0.16%
- 6M
- 7.23%
- YTD
- 13.59%
- 1Y
- 32.49%
- 3Y*
- 19.85%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 15.20%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $408.60K | $774.21K | $681.81K | |
| $508.55K | $604.31K | $738.84K |
DULL vs. MOOD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DULL MicroSectors Gold -3X Inverse Leveraged ETN | -12.17% | -80.59% | -51.68% | -28.84% |
MOOD Relative Sentiment Tactical Allocation ETF | 13.59% | 30.39% | 12.53% | 7.75% |
Correlation
The correlation between DULL and MOOD is -0.72, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.72 |
Correlation (3Y) Balances recent behavior with more history. | -0.53 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2023 | -0.48 |
Over the past year, the inverse relationship between DULL and MOOD has strengthened: their correlation has moved from -0.48 to -0.72, meaning they now move in opposite directions more often than their long-term average.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DULL vs. MOOD — Risk / Return Rank
DULL
MOOD
DULL vs. MOOD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Gold -3X Inverse Leveraged ETN (DULL) and Relative Sentiment Tactical Allocation ETF (MOOD). 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.
| DULL | MOOD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.97 | ||
| Sortino ratioReturn per unit of downside risk | -3.79 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.44 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | 3.36 | -4.12 |
| Martin ratioReturn relative to average drawdown | -1.02 | 10.17 | -11.18 |
Loading charts...
Drawdowns
DULL vs. MOOD - Drawdown Comparison
The maximum DULL drawdown since its inception was -97.12%, which is greater than MOOD's maximum drawdown of -14.34%. Use the drawdown chart below to compare losses from any high point for DULL and MOOD.
Loading charts...
Drawdown Indicators
| DULL | MOOD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.12% | -14.34% | -82.78% |
Max Drawdown (1Y)Largest decline over 1 year | -81.20% | -9.71% | -71.49% |
Max Drawdown (3Y)Largest decline over 3 years | -97.12% | -9.71% | -87.41% |
Current DrawdownCurrent decline from peak | -94.33% | -1.81% | -92.52% |
Average DrawdownAverage peak-to-trough decline | -60.91% | -2.30% | -58.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 60.53% | 3.20% | +57.33% |
Volatility
DULL vs. MOOD - Volatility Comparison
MicroSectors Gold -3X Inverse Leveraged ETN (DULL) has a higher volatility of 17.41% compared to Relative Sentiment Tactical Allocation ETF (MOOD) at 2.46%. This indicates that DULL's price experiences larger fluctuations and is considered to be riskier than MOOD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DULL | MOOD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.41% | 2.46% | +14.95% |
Volatility (6M)Calculated over the trailing 6-month period | 62.40% | 9.80% | +52.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 82.72% | 14.69% | +68.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.09% | 12.08% | +47.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.09% | 12.08% | +47.01% |
DULL vs. MOOD - Expense Ratio Comparison
DULL has a 0.95% expense ratio, which is higher than MOOD's 0.73% expense ratio.
Dividends
DULL vs. MOOD - Dividend Comparison
DULL has not paid dividends to shareholders, while MOOD's dividend yield for the trailing twelve months is around 0.35%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
DULL MicroSectors Gold -3X Inverse Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MOOD Relative Sentiment Tactical Allocation ETF | 0.35% | 0.40% | 1.33% | 1.34% | 1.43% |
Frequently Asked Questions
DULL and MOOD have a correlation of -0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DULL has higher volatility (17.41%) compared to MOOD (2.46%). In terms of maximum drawdown, DULL dropped -97.12% vs MOOD's -14.34%.
On 3-year performance, MOOD leads with 19.85% vs -58.83% for DULL. On fees, MOOD is cheaper at 0.73% per year. On volatility, MOOD has been the lower-risk option at 2.46%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, MOOD has performed better with a 19.85% return vs -58.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MOOD is cheaper with a 0.73% expense ratio, compared with 0.95% for DULL.
MOOD has the higher dividend yield at 0.35%, compared with 0.00% for DULL.
DULL is categorized as Inverse Commodities, while MOOD is Tactical Allocation. They also come from different issuers: REX and Alpha Architect. Their fees differ too: 0.95% for DULL and 0.73% for MOOD.
MOOD currently has the higher Sharpe Ratio (2.23 vs -0.75), 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.
Find the right allocation for DULL and MOOD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer