ENVA vs. GDXU

Last updated Jun 9, 2026

ENVA (Enova International, Inc.) is a stock, while GDXU (MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040) is Leveraged Equities fund tracking the S-Network MicroSectors Gold Miners Index. Over the past 5 years, ENVA returned 36.19%/yr vs -14.72%/yr for GDXU. At a 0.14 correlation, their price movements are largely independent.

Performance

ENVA vs. GDXU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Enova International, Inc. (ENVA) and MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040 (GDXU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ENVA achieves a 9.12% return, which is significantly higher than GDXU's -57.47% return.

ENVA

• 1D: 1.61%
• 1M: -1.92%
• YTD: 9.12%
• 6M: 26.22%
• 1Y: 77.69%
• 3Y*: 49.36%
• 5Y*: 36.19%
• 10Y*: 36.71%

GDXU

• 1D: -0.54%
• 1M: -49.20%
• YTD: -57.47%
• 6M: -46.20%
• 1Y: 38.54%
• 3Y*: 35.00%
• 5Y*: -14.72%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ENVA vs. GDXU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ENVA Enova International, Inc.	9.12%	63.95%	73.19%	44.28%	-6.32%	65.36%	10.73%
GDXU MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040	-57.47%	796.47%	-18.60%	-21.36%	-62.82%	-54.93%	4.66%

Correlation

The correlation between ENVA and GDXU is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (5Y) Calculated over the trailing 5-year period	0.15
Correlation (All Time) Calculated using the full available price history since Dec 4, 2020	0.14

The correlation between ENVA and GDXU shifts across timeframes, from 0.03 (1 year) to 0.15 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

ENVA vs. GDXU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ENVA

ENVA Risk / Return Rank: 86
ENVA Sharpe Ratio Rank: 90
ENVA Sortino Ratio Rank: 86
ENVA Omega Ratio Rank: 84
ENVA Calmar Ratio Rank: 85
ENVA Martin Ratio Rank: 85

GDXU

GDXU Risk / Return Rank: 20
GDXU Sharpe Ratio Rank: 14
GDXU Sortino Ratio Rank: 26
GDXU Omega Ratio Rank: 30
GDXU Calmar Ratio Rank: 16
GDXU Martin Ratio Rank: 14

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ENVA vs. GDXU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Enova International, Inc. (ENVA) 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.

	ENVA	GDXU	Difference
Sharpe ratio: Return per unit of total volatility	2.06	0.28	+1.78
Sortino ratio: Return per unit of downside risk	2.69	1.32	+1.37
Omega ratio: Gain probability vs. loss probability	1.34	1.18	+0.15
Calmar ratio: Return relative to maximum drawdown	3.16	0.48	+2.67
Martin ratio: Return relative to average drawdown	8.14	1.04	+7.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ENVA vs. GDXU - Sharpe Ratio Comparison

The current ENVA Sharpe Ratio is 2.06, which is higher than the GDXU Sharpe Ratio of 0.28. The chart below compares the historical Sharpe Ratios of ENVA and GDXU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ENVA	GDXU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.06	0.28	+1.78
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.90	-0.13	+1.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.75	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	-0.13	+0.47

Drawdowns

ENVA vs. GDXU - Drawdown Comparison

The maximum ENVA drawdown since its inception was -81.56%, smaller than the maximum GDXU drawdown of -94.39%. Use the drawdown chart below to compare losses from any high point for ENVA and GDXU.

Drawdown Indicators

	ENVA	GDXU	Difference
Max Drawdown Largest peak-to-trough decline	-81.56%	-94.39%	+12.83%
Max Drawdown (1Y) Largest decline over 1 year	-24.75%	-80.26%	+55.51%
Max Drawdown (3Y) Largest decline over 3 years	-37.01%	-80.26%	+43.25%
Max Drawdown (5Y) Largest decline over 5 years	-42.84%	-92.93%	+50.09%
Max Drawdown (10Y) Largest decline over 10 years	-77.57%	—	—
Current Drawdown Current decline from peak	-1.92%	-80.26%	+78.34%
Average Drawdown Average peak-to-trough decline	-29.60%	-69.78%	+40.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.57%	37.20%	-27.63%

Volatility

ENVA vs. GDXU - Volatility Comparison

The current volatility for Enova International, Inc. (ENVA) is 10.45%, while MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040 (GDXU) has a volatility of 50.50%. This indicates that ENVA 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.

Volatility by Period

	ENVA	GDXU	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.45%	50.50%	-40.05%
Volatility (6M) Calculated over the trailing 6-month period	28.16%	122.03%	-93.87%
Volatility (1Y) Calculated over the trailing 1-year period	38.08%	140.25%	-102.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.29%	111.49%	-71.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.22%	110.52%	-61.30%

Dividends

ENVA vs. GDXU - Dividend Comparison

Neither ENVA nor GDXU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ENVA and GDXU in my portfolio?

ENVA and GDXU have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ENVA or GDXU?

GDXU has higher volatility (50.50%) compared to ENVA (10.45%). In terms of maximum drawdown, ENVA dropped -81.56% vs GDXU's -94.39%.

Which has better risk-adjusted returns?

ENVA currently has the higher Sharpe Ratio (2.06 vs 0.28), 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.