DUST vs. GDX
Compare and contrast key facts about Direxion Daily Gold Miners Bear 2X Shares (DUST) and VanEck Vectors Gold Miners ETF (GDX).
DUST and GDX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. GDX is a passively managed fund by VanEck that tracks the performance of the NYSE Arca Gold Miners Index. It was launched on May 22, 2006. Both DUST and GDX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DUST or GDX.
Key characteristics
| DUST | GDX | |
|---|---|---|
| YTD Return | -38.94% | 18.45% |
| 1Y Return | -55.66% | 37.00% |
| 3Y Return (Ann) | -28.41% | 3.59% |
| 5Y Return (Ann) | -49.75% | 7.92% |
| 10Y Return (Ann) | -58.07% | 7.83% |
| Sharpe Ratio | -0.86 | 1.10 |
| Sortino Ratio | -1.27 | 1.62 |
| Omega Ratio | 0.86 | 1.20 |
| Calmar Ratio | -0.55 | 0.62 |
| Martin Ratio | -1.23 | 4.75 |
| Ulcer Index | 44.53% | 7.43% |
| Daily Std Dev | 63.38% | 32.19% |
| Max Drawdown | -100.00% | -80.57% |
| Current Drawdown | -99.99% | -38.07% |
Correlation
The correlation between DUST and GDX is -0.99. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
DUST vs. GDX - Performance Comparison
In the year-to-date period, DUST achieves a -38.94% return, which is significantly lower than GDX's 18.45% return. Over the past 10 years, DUST has underperformed GDX with an annualized return of -58.07%, while GDX has yielded a comparatively higher 7.83% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DUST vs. GDX - Expense Ratio Comparison
DUST has a 1.07% expense ratio, which is higher than GDX's 0.53% expense ratio.
Risk-Adjusted Performance
DUST vs. GDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Gold Miners Bear 2X Shares (DUST) and VanEck Vectors Gold Miners ETF (GDX). 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.
Dividends
DUST vs. GDX - Dividend Comparison
DUST's dividend yield for the trailing twelve months is around 3.78%, more than GDX's 1.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DUST Direxion Daily Gold Miners Bear 2X Shares | 3.78% | 1.01% | 0.00% | 0.00% | 3.64% | 2.47% | 0.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GDX VanEck Vectors Gold Miners ETF | 1.36% | 1.61% | 1.66% | 1.67% | 0.53% | 0.65% | 0.50% | 0.76% | 0.26% | 0.85% | 0.66% | 0.90% |
Drawdowns
DUST vs. GDX - Drawdown Comparison
The maximum DUST drawdown since its inception was -100.00%, which is greater than GDX's maximum drawdown of -80.57%. Use the drawdown chart below to compare losses from any high point for DUST and GDX. For additional features, visit the drawdowns tool.
Volatility
DUST vs. GDX - Volatility Comparison
Direxion Daily Gold Miners Bear 2X Shares (DUST) has a higher volatility of 20.03% compared to VanEck Vectors Gold Miners ETF (GDX) at 10.47%. This indicates that DUST's price experiences larger fluctuations and is considered to be riskier than GDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.