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DUST vs. GC=F
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between DUST and GC=F is 0.01, 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.

DUST vs. GC=F

Last updated May 25, 2025

Compare and contrast key facts about Direxion Daily Gold Miners Bear 2X Shares (DUST) and Gold (GC=F).

DUST is a passively managed fund by Direxion that tracks the performance of the NYSE Arca Gold Miners Index (-300%). It was launched on Apr 1, 2020.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DUST or GC=F.

Performance

DUST vs. GC=F - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Gold Miners Bear 2X Shares (DUST) and Gold (GC=F). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

DUST:

-0.92

GC=F:

2.43

Sortino Ratio

DUST:

-1.29

GC=F:

3.09

Omega Ratio

DUST:

0.86

GC=F:

1.41

Calmar Ratio

DUST:

-0.58

GC=F:

5.51

Martin Ratio

DUST:

-1.61

GC=F:

15.18

Ulcer Index

DUST:

35.95%

GC=F:

2.90%

Daily Std Dev

DUST:

68.40%

GC=F:

18.28%

Max Drawdown

DUST:

-100.00%

GC=F:

-44.36%

Current Drawdown

DUST:

-100.00%

GC=F:

-1.40%

Returns By Period

In the year-to-date period, DUST achieves a -60.35% return, which is significantly lower than GC=F's 27.93% return. Over the past 10 years, DUST has underperformed GC=F with an annualized return of -58.25%, while GC=F has yielded a comparatively higher 10.98% annualized return.

DUST

YTD

-60.35%

1M

-6.60%

6M

-51.32%

1Y

-61.69%

3Y*

-42.61%

5Y*

-36.33%

10Y*

-58.25%

GC=F

YTD

27.93%

1M

0.95%

6M

24.12%

1Y

44.21%

3Y*

21.72%

5Y*

14.16%

10Y*

10.98%

*Annualized

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Direxion Daily Gold Miners Bear 2X Shares

Gold

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

DUST vs. GC=F — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DUST
The Risk-Adjusted Performance Rank of DUST is 11
Overall Rank
The Sharpe Ratio Rank of DUST is 11
Sharpe Ratio Rank
The Sortino Ratio Rank of DUST is 11
Sortino Ratio Rank
The Omega Ratio Rank of DUST is 11
Omega Ratio Rank
The Calmar Ratio Rank of DUST is 11
Calmar Ratio Rank
The Martin Ratio Rank of DUST is 11
Martin Ratio Rank
GC=F
The Risk-Adjusted Performance Rank of GC=F is 100100
Overall Rank
The Sharpe Ratio Rank of GC=F is 100100
Sharpe Ratio Rank
The Sortino Ratio Rank of GC=F is 100100
Sortino Ratio Rank
The Omega Ratio Rank of GC=F is 100100
Omega Ratio Rank
The Calmar Ratio Rank of GC=F is 100100
Calmar Ratio Rank
The Martin Ratio Rank of GC=F is 100100
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

DUST vs. GC=F - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Gold Miners Bear 2X Shares (DUST) and Gold (GC=F). 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.

The current DUST Sharpe Ratio is -0.92, which is lower than the GC=F Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of DUST and GC=F, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Drawdowns

DUST vs. GC=F - Drawdown Comparison

The maximum DUST drawdown since its inception was -100.00%, which is greater than GC=F's maximum drawdown of -44.36%. Use the drawdown chart below to compare losses from any high point for DUST and GC=F.

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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

DUST vs. GC=F - Volatility Comparison

Direxion Daily Gold Miners Bear 2X Shares (DUST) has a higher volatility of 25.44% compared to Gold (GC=F) at 7.80%. This indicates that DUST's price experiences larger fluctuations and is considered to be riskier than GC=F based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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