FN vs. GDXU
FN (Fabrinet) 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, FN returned 45.38%/yr vs -14.73%/yr for GDXU. At a 0.19 correlation, their price movements are largely independent.
Performance
FN vs. GDXU - Performance Comparison
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Returns By Period
In the year-to-date period, FN achieves a 34.21% return, which is significantly higher than GDXU's -56.00% return.
FN
- 1D
- 4.94%
- 1M
- -15.38%
- YTD
- 34.21%
- 6M
- 29.76%
- 1Y
- 149.30%
- 3Y*
- 67.62%
- 5Y*
- 45.38%
- 10Y*
- 32.67%
GDXU
- 1D
- 8.84%
- 1M
- -31.92%
- YTD
- -56.00%
- 6M
- -55.92%
- 1Y
- 24.97%
- 3Y*
- 37.87%
- 5Y*
- -14.73%
- 10Y*
- —
FN vs. GDXU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FN Fabrinet | 34.21% | 107.06% | 15.53% | 48.44% | 8.23% | 52.69% | 11.96% |
GDXU MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040 | -56.00% | 796.47% | -18.60% | -21.36% | -62.82% | -54.93% | 4.32% |
Correlation
The correlation between FN and GDXU is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2020 | 0.19 |
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Return for Risk
FN vs. GDXU — Risk / Return Rank
FN
GDXU
FN vs. GDXU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fabrinet (FN) 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.
| FN | GDXU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.85 | ||
| Sortino ratioReturn per unit of downside risk | +1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.18 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 6.22 | 0.37 | +5.85 |
| Martin ratioReturn relative to average drawdown | 15.46 | 0.80 | +14.65 |
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Drawdowns
FN vs. GDXU - Drawdown Comparison
The maximum FN drawdown since its inception was -70.46%, smaller than the maximum GDXU drawdown of -94.39%. Use the drawdown chart below to compare losses from any high point for FN and GDXU.
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Drawdown Indicators
| FN | GDXU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.46% | -94.39% | +23.93% |
Max Drawdown (1Y)Largest decline over 1 year | -22.27% | -83.97% | +61.70% |
Max Drawdown (3Y)Largest decline over 3 years | -37.47% | -83.97% | +46.50% |
Max Drawdown (5Y)Largest decline over 5 years | -38.70% | -91.56% | +52.86% |
Max Drawdown (10Y)Largest decline over 10 years | -51.11% | — | — |
Current DrawdownCurrent decline from peak | -18.15% | -79.58% | +61.43% |
Average DrawdownAverage peak-to-trough decline | -22.58% | -69.77% | +47.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.95% | 38.59% | -29.64% |
Volatility
FN vs. GDXU - Volatility Comparison
The current volatility for Fabrinet (FN) is 24.63%, while MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040 (GDXU) has a volatility of 54.28%. This indicates that FN 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
| FN | GDXU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.63% | 54.28% | -29.65% |
Volatility (6M)Calculated over the trailing 6-month period | 56.18% | 123.72% | -67.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.07% | 142.00% | -74.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.67% | 111.92% | -58.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.29% | 110.82% | -62.53% |
Dividends
FN vs. GDXU - Dividend Comparison
Neither FN nor GDXU has paid dividends to shareholders.
Frequently Asked Questions
FN and GDXU have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDXU has higher volatility (54.28%) compared to FN (24.63%). In terms of maximum drawdown, FN dropped -70.46% vs GDXU's -94.39%.
FN currently has the higher Sharpe Ratio (2.07 vs 0.22), 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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