DUST vs. GDXD
Compare and contrast key facts about Direxion Daily Gold Miners Bear 2X Shares (DUST) and MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD).
DUST and GDXD 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. GDXD is a passively managed fund by BMO that tracks the performance of the S-Network MicroSectors Gold Miners Index - Benchmark TR Gross (-300%). It was launched on Dec 2, 2020. Both DUST and GDXD 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
DUST vs. GDXD - Performance Comparison
Loading graphics...
DUST vs. GDXD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DUST Direxion Daily Gold Miners Bear 2X Shares | -30.64% | -88.72% | -29.51% | -27.63% | -22.70% | -4.82% | -5.87% |
GDXD MicroSectors Gold Miners -3X Inverse Leveraged ETNs | -51.34% | -97.53% | -57.78% | -52.35% | -52.56% | -19.71% | -13.30% |
Returns By Period
In the year-to-date period, DUST achieves a -30.64% return, which is significantly higher than GDXD's -51.34% return.
DUST
- 1D
- -13.77%
- 1M
- 45.77%
- YTD
- -30.64%
- 6M
- -52.34%
- 1Y
- -85.24%
- 3Y*
- -62.31%
- 5Y*
- -51.05%
- 10Y*
- -58.51%
GDXD
- 1D
- -21.63%
- 1M
- 68.00%
- YTD
- -51.34%
- 6M
- -76.21%
- 1Y
- -96.70%
- 3Y*
- -84.06%
- 5Y*
- -75.49%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
DUST vs. GDXD - Expense Ratio Comparison
DUST has a 1.07% expense ratio, which is higher than GDXD's 0.95% expense ratio.
Return for Risk
DUST vs. GDXD — Risk / Return Rank
DUST
GDXD
DUST vs. GDXD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Gold Miners Bear 2X Shares (DUST) and MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD). 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.
| DUST | GDXD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.93 | -0.70 | -0.23 |
Sortino ratioReturn per unit of downside risk | -2.36 | -2.54 | +0.19 |
Omega ratioGain probability vs. loss probability | 0.75 | 0.73 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | -0.93 | -0.98 | +0.05 |
Martin ratioReturn relative to average drawdown | -1.28 | -1.20 | -0.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| DUST | GDXD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.93 | -0.70 | -0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.72 | -0.70 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.66 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.51 | -0.68 | +0.17 |
Correlation
The correlation between DUST and GDXD is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
DUST vs. GDXD - Dividend Comparison
DUST's dividend yield for the trailing twelve months is around 9.40%, while GDXD has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DUST Direxion Daily Gold Miners Bear 2X Shares | 9.40% | 12.51% | 4.99% | 4.47% | 0.00% | 0.00% | 3.60% | 2.50% | 0.37% |
GDXD MicroSectors Gold Miners -3X Inverse Leveraged ETNs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DUST vs. GDXD - Drawdown Comparison
The maximum DUST drawdown since its inception was -100.00%, roughly equal to the maximum GDXD drawdown of -99.96%. Use the drawdown chart below to compare losses from any high point for DUST and GDXD.
Loading graphics...
Drawdown Indicators
| DUST | GDXD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -99.96% | -0.04% |
Max Drawdown (1Y)Largest decline over 1 year | -91.57% | -98.51% | +6.94% |
Max Drawdown (5Y)Largest decline over 5 years | -98.68% | -99.96% | +1.28% |
Max Drawdown (10Y)Largest decline over 10 years | -99.99% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | -99.93% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -83.16% | -70.92% | -12.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 67.00% | 80.64% | -13.64% |
Volatility
DUST vs. GDXD - Volatility Comparison
The current volatility for Direxion Daily Gold Miners Bear 2X Shares (DUST) is 35.65%, while MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD) has a volatility of 54.68%. This indicates that DUST experiences smaller price fluctuations and is considered to be less risky than GDXD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| DUST | GDXD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 35.65% | 54.68% | -19.03% |
Volatility (6M)Calculated over the trailing 6-month period | 73.40% | 110.83% | -37.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 91.64% | 138.20% | -46.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.84% | 108.13% | -37.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.14% | 108.21% | -19.07% |