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 Gold fund actively managed by YieldMax. DUST is passively managed, while GDXY is actively managed. Over the past year, DUST returned -70.93% vs 10.94% for GDXY. At a correlation of -0.97, they often move in opposite directions. DUST charges 1.07%/yr vs 1.08%/yr for GDXY.
Performance
DUST vs. GDXY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DUST achieves a -4.79% return, which is significantly higher than GDXY's -20.92% return.
DUST
- 1D
- 7.05%
- 1M
- 44.18%
- 6M
- 22.98%
- YTD
- -4.79%
- 1Y
- -70.93%
- 3Y*
- -58.02%
- 5Y*
- -46.95%
- 10Y*
- -49.28%
GDXY
- 1D
- -3.28%
- 1M
- -15.24%
- 6M
- -27.34%
- YTD
- -20.92%
- 1Y
- 10.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DUST vs. GDXY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DUST Direxion Daily Gold Miners Bear 2X Shares | -4.79% | -88.72% | 7.46% |
GDXY YieldMax Gold Miners Option Income Strategy ETF | -20.92% | 88.08% | -11.84% |
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 21, 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.
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
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.
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.
| DUST | GDXY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.02 | ||
| Sortino ratioReturn per unit of downside risk | -1.82 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.08 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | 0.30 | -1.13 |
| Martin ratioReturn relative to average drawdown | -1.05 | 0.71 | -1.77 |
Loading charts...
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 -36.52%. Use the drawdown chart below to compare losses from any high point for DUST and GDXY.
Loading charts...
Drawdown Indicators
| DUST | GDXY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -36.52% | -63.48% |
Max Drawdown (1Y)Largest decline over 1 year | -85.83% | -36.52% | -49.31% |
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% | -36.52% | -63.48% |
Average DrawdownAverage peak-to-trough decline | -83.45% | -7.77% | -75.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 67.27% | 15.39% | +51.88% |
Volatility
DUST vs. GDXY - Volatility Comparison
Direxion Daily Gold Miners Bear 2X Shares (DUST) has a higher volatility of 23.53% compared to YieldMax Gold Miners Option Income Strategy ETF (GDXY) at 9.79%. 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.
Loading charts...
Volatility by Period
| DUST | GDXY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.53% | 9.79% | +13.74% |
Volatility (6M)Calculated over the trailing 6-month period | 77.17% | 33.26% | +43.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 95.66% | 39.10% | +56.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.51% | 32.59% | +40.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 86.97% | 32.59% | +54.38% |
DUST vs. GDXY - Expense Ratio Comparison
DUST has a 1.07% expense ratio, which is lower than GDXY's 1.08% expense ratio.
Dividends
DUST vs. GDXY - Dividend Comparison
DUST's dividend yield for the trailing twelve months is around 3.98%, less than GDXY's 90.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DUST Direxion Daily Gold Miners Bear 2X Shares | 3.98% | 12.51% | 4.99% | 4.47% | 0.00% | 0.00% | 3.60% | 2.50% | 0.37% |
GDXY YieldMax Gold Miners Option Income Strategy ETF | 90.05% | 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 (23.53%) compared to GDXY (9.79%). In terms of maximum drawdown, DUST dropped -100.00% vs GDXY's -36.52%.
On 1-year performance, GDXY leads with 10.94% vs -70.93% for DUST. On fees, DUST is cheaper at 1.07% per year. On volatility, GDXY has been the lower-risk option at 9.79%. 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 10.94% return vs -70.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DUST is cheaper with a 1.07% expense ratio, compared with 1.08% for GDXY.
GDXY has the higher dividend yield at 90.05%, compared with 3.98% for DUST.
DUST is categorized as Leveraged Equities, while GDXY is Gold. They also come from different issuers: Direxion and YieldMax. Their fees differ too: 1.07% for DUST and 1.08% for GDXY.
GDXY currently has the higher Sharpe Ratio (0.28 vs -0.74), 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 DUST and GDXY
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