DUST vs. GDXY
DUST (Direxion Daily Gold Miners Bear 2X Shares) and GDXY (YieldMax Gold Miners Option Income Strategy ETF) are both exchange-traded funds - DUST is a Leveraged Equities fund tracking the NYSE Arca Gold Miners Index (-300%), while GDXY is a Derivative Income fund managed by YieldMax. Over the past year, DUST returned -76.81% vs 30.32% for GDXY. At a correlation of -0.97, they often move in opposite directions. DUST charges 1.07%/yr vs 0.99%/yr for GDXY.
Performance
DUST vs. GDXY - Performance Comparison
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Returns By Period
In the year-to-date period, DUST achieves a -26.71% return, which is significantly lower than GDXY's -6.82% return.
DUST
- 1D
- 6.82%
- 1M
- -4.38%
- YTD
- -26.71%
- 6M
- -36.80%
- 1Y
- -76.81%
- 3Y*
- -62.09%
- 5Y*
- -47.20%
- 10Y*
- -53.65%
GDXY
- 1D
- -2.47%
- 1M
- -2.37%
- YTD
- -6.82%
- 6M
- -3.09%
- 1Y
- 30.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DUST vs. GDXY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DUST Direxion Daily Gold Miners Bear 2X Shares | -26.71% | -88.72% | 5.85% |
GDXY YieldMax Gold Miners Option Income Strategy ETF | -6.82% | 88.08% | -11.63% |
Correlation
The correlation between DUST and GDXY is -0.98, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.98 |
Correlation (All Time) Calculated using the full available price history since May 22, 2024 | -0.97 |
The correlation between DUST and GDXY has been stable across timeframes, ranging from -0.98 to -0.97 - a consistent structural relationship.
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Return for Risk
DUST vs. GDXY — Risk / Return Rank
DUST
GDXY
DUST vs. GDXY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Gold Miners Bear 2X Shares (DUST) and YieldMax Gold Miners Option Income Strategy ETF (GDXY). 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 | GDXY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.69 | ||
| Sortino ratioReturn per unit of downside risk | -2.91 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.17 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | 1.09 | -1.98 |
| Martin ratioReturn relative to average drawdown | -1.22 | 2.77 | -4.00 |
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
| DUST | GDXY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.85 | 0.83 | -1.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.66 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.62 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.50 | 0.76 | -1.27 |
Drawdowns
DUST vs. GDXY - Drawdown Comparison
The maximum DUST drawdown since its inception was -100.00%, which is greater than GDXY's maximum drawdown of -28.03%. Use the drawdown chart below to compare losses from any high point for DUST and GDXY.
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Drawdown Indicators
| DUST | GDXY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -28.03% | -71.97% |
Max Drawdown (1Y)Largest decline over 1 year | -86.15% | -28.03% | -58.12% |
Max Drawdown (3Y)Largest decline over 3 years | -97.55% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -98.68% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.98% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | -25.20% | -74.80% |
Average DrawdownAverage peak-to-trough decline | -83.35% | -6.40% | -76.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 62.85% | 10.96% | +51.89% |
Volatility
DUST vs. GDXY - Volatility Comparison
Direxion Daily Gold Miners Bear 2X Shares (DUST) has a higher volatility of 30.34% compared to YieldMax Gold Miners Option Income Strategy ETF (GDXY) at 11.75%. This indicates that DUST's price experiences larger fluctuations and is considered to be riskier than GDXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DUST | GDXY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.34% | 11.75% | +18.59% |
Volatility (6M)Calculated over the trailing 6-month period | 72.12% | 30.92% | +41.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 90.34% | 36.57% | +53.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.13% | 31.73% | +40.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 87.19% | 31.73% | +55.46% |
DUST vs. GDXY - Expense Ratio Comparison
DUST has a 1.07% expense ratio, which is higher than GDXY's 0.99% expense ratio.
Dividends
DUST vs. GDXY - Dividend Comparison
DUST's dividend yield for the trailing twelve months is around 8.90%, less than GDXY's 74.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DUST Direxion Daily Gold Miners Bear 2X Shares | 8.90% | 12.51% | 4.99% | 4.47% | 0.00% | 0.00% | 3.60% | 2.50% | 0.37% |
GDXY YieldMax Gold Miners Option Income Strategy ETF | 74.25% | 52.13% | 23.91% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DUST and GDXY have a correlation of -0.98, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DUST has higher volatility (30.34%) compared to GDXY (11.75%). In terms of maximum drawdown, DUST dropped -100.00% vs GDXY's -28.03%.
On 1-year performance, GDXY leads with 30.32% vs -76.81% for DUST. On fees, GDXY is cheaper at 0.99% per year. On volatility, GDXY has been the lower-risk option at 11.75%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GDXY has performed better with a 30.32% return vs -76.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GDXY is cheaper with a 0.99% expense ratio, compared with 1.07% for DUST.
GDXY has the higher dividend yield at 74.25%, compared with 8.90% for DUST.
DUST is categorized as Leveraged Equities, while GDXY is Derivative Income. They also come from different issuers: Direxion and YieldMax. Their fees differ too: 1.07% for DUST and 0.99% for GDXY.
GDXY currently has the higher Sharpe Ratio (0.83 vs -0.85), 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.
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