DXMO.TO vs. GDXU
DXMO.TO (Dynamic Active Mining Opportunities ETF) and GDXU (MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040) are both exchange-traded funds - DXMO.TO is a Materials fund actively managed by Dynamic, while GDXU is a Leveraged Equities fund tracking the S-Network MicroSectors Gold Miners Index. DXMO.TO is actively managed, while GDXU is passively managed. Over the past year, DXMO.TO returned 56.19% vs 25.56% for GDXU. A 0.61 correlation means they provide meaningful diversification when combined. DXMO.TO charges 0.74%/yr vs 0.95%/yr for GDXU.
Performance
DXMO.TO vs. GDXU - Performance Comparison
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Different Trading Currencies
DXMO.TO is traded in CAD, while GDXU is traded in USD. To make them comparable, the GDXU values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, DXMO.TO achieves a 4.35% return, which is significantly higher than GDXU's -60.02% return.
DXMO.TO
- 1D
- -4.50%
- 1M
- -0.55%
- YTD
- 4.35%
- 6M
- 2.59%
- 1Y
- 56.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GDXU
- 1D
- -14.42%
- 1M
- -31.45%
- YTD
- -60.02%
- 6M
- -66.48%
- 1Y
- 25.56%
- 3Y*
- 41.31%
- 5Y*
- -8.44%
- 10Y*
- —
DXMO.TO vs. GDXU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DXMO.TO Dynamic Active Mining Opportunities ETF | 4.35% | 86.60% | -9.21% |
GDXU MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040 | -60.02% | 755.54% | -23.44% |
Correlation
The correlation between DXMO.TO and GDXU is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jul 4, 2024 | 0.61 |
The correlation between DXMO.TO and GDXU shifts across timeframes, from 0.61 (all time) to 0.74 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DXMO.TO vs. GDXU — Risk / Return Rank
DXMO.TO
GDXU
DXMO.TO vs. GDXU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dynamic Active Mining Opportunities ETF (DXMO.TO) and MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040 (GDXU). 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.
| DXMO.TO | GDXU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.17 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | 0.31 | +1.99 |
| Martin ratioReturn relative to average drawdown | 6.42 | 0.64 | +5.78 |
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Drawdowns
DXMO.TO vs. GDXU - Drawdown Comparison
The maximum DXMO.TO drawdown since its inception was -26.12%, smaller than the maximum GDXU drawdown of -94.06%. Use the drawdown chart below to compare losses from any high point for DXMO.TO and GDXU.
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Drawdown Indicators
| DXMO.TO | GDXU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.12% | -94.06% | +67.94% |
Max Drawdown (1Y)Largest decline over 1 year | -26.12% | -83.54% | +57.42% |
Max Drawdown (3Y)Largest decline over 3 years | — | -83.54% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -90.63% | — |
Current DrawdownCurrent decline from peak | -16.37% | -81.30% | +64.93% |
Average DrawdownAverage peak-to-trough decline | -5.84% | -69.12% | +63.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.12% | 39.93% | -30.81% |
Volatility
DXMO.TO vs. GDXU - Volatility Comparison
The current volatility for Dynamic Active Mining Opportunities ETF (DXMO.TO) is 14.57%, while MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040 (GDXU) has a volatility of 55.14%. This indicates that DXMO.TO experiences smaller price fluctuations and is considered to be less risky than GDXU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXMO.TO | GDXU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.57% | 55.14% | -40.57% |
Volatility (6M)Calculated over the trailing 6-month period | 31.98% | 126.36% | -94.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.30% | 144.24% | -105.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.82% | 112.44% | -72.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.82% | 111.29% | -71.47% |
DXMO.TO vs. GDXU - Expense Ratio Comparison
DXMO.TO has a 0.74% expense ratio, which is lower than GDXU's 0.95% expense ratio.
Dividends
DXMO.TO vs. GDXU - Dividend Comparison
Neither DXMO.TO nor GDXU has paid dividends to shareholders.
Frequently Asked Questions
DXMO.TO and GDXU have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DXMO.TO is cheaper at 0.74% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DXMO.TO is cheaper with a 0.74% expense ratio, compared with 0.95% for GDXU.
DXMO.TO is categorized as Materials, while GDXU is Leveraged Equities. They also come from different issuers: Dynamic and BMO. Their fees differ too: 0.74% for DXMO.TO and 0.95% for GDXU.
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