FNGU vs. GDXD

Last updated Aug 5, 2026

FNGU (MicroSectors FANG+ 3X Leveraged ETNs) and GDXD (MicroSectors Gold Miners -3X Inverse Leveraged ETNs due June 29, 2040) are both exchange-traded funds - FNGU is a Leveraged Equities fund tracking the NYSE FANG+ Index (Gross Total Return) (300%), while GDXD is a Inverse Equities fund tracking the S-Network MicroSectors Gold Miners Index. Both are passively managed. Over the past year, FNGU returned 31.91% vs -92.16% for GDXD. Their -0.22 correlation means they have often moved in opposite directions in the past. FNGU charges 2.60%/yr vs 0.95%/yr for GDXD.

Performance

FNGU vs. GDXD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors FANG+ 3X Leveraged ETNs (FNGU) and MicroSectors Gold Miners -3X Inverse Leveraged ETNs due June 29, 2040 (GDXD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FNGU achieves a 29.30% return, which is significantly higher than GDXD's -51.34% return.

FNGU

• 1D: 13.28%
• 1M: 23.29%
• 6M: 51.91%
• YTD: 29.30%
• 1Y: 31.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.84%

GDXD

• 1D: -7.94%
• 1M: -6.88%
• 6M: -13.50%
• YTD: -51.34%
• 1Y: -92.16%
• 3Y*: -84.78%
• 5Y*: -74.43%
• 10Y*: —
• ALL TIME*: -71.58%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FNGU MicroSectors FANG+ 3X Leveraged ETNs	$124.87M	$122.34M	$155.63M
GDXD MicroSectors Gold Miners -3X Inverse Leveraged ETNs due June 29, 2040	$19.81M	$20.98M	$29.38M

FNGU vs. GDXD - Yearly Performance Comparison

	2026 (YTD)	2025
FNGU MicroSectors FANG+ 3X Leveraged ETNs	29.30%	3.02%
GDXD MicroSectors Gold Miners -3X Inverse Leveraged ETNs due June 29, 2040	-51.34%	-95.29%

Correlation

The correlation between FNGU and GDXD is -0.33, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.33
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025	-0.22

The correlation between FNGU and GDXD shifts across timeframes, from -0.33 (1 year) to -0.22 (all time), reflecting how their relationship changes across market environments.

FNGU vs. GDXD - Sectors Allocation Comparison

Sectors	FNGU	GDXD
Technology	60.6%	-
Communication Services	29.8%	-
Consumer Cyclical	9.6%	-
Basic Materials	-	100.0%
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

FNGU vs. GDXD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FNGU

FNGU Risk / Return Rank: 22
FNGU Sharpe Ratio Rank: 20
FNGU Sortino Ratio Rank: 27
FNGU Omega Ratio Rank: 26
FNGU Calmar Ratio Rank: 19
FNGU Martin Ratio Rank: 18

GDXD

GDXD Risk / Return Rank: 2
GDXD Sharpe Ratio Rank: 4
GDXD Sortino Ratio Rank: 2
GDXD Omega Ratio Rank: 2
GDXD Calmar Ratio Rank: 1
GDXD Martin Ratio Rank: 3

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FNGU vs. GDXD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+ 3X Leveraged ETNs (FNGU) and MicroSectors Gold Miners -3X Inverse Leveraged ETNs due June 29, 2040 (GDXD). 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.

	FNGU	GDXD	Difference
Sharpe ratio: Return per unit of total volatility	0.48	-0.63	+1.11
Sortino ratio: Return per unit of downside risk	1.09	-1.49	+2.58
Omega ratio: Gain probability vs. loss probability	1.13	0.84	+0.29
Calmar ratio: Return relative to maximum drawdown	0.54	-0.97	+1.51
Martin ratio: Return relative to average drawdown	1.20	-1.15	+2.35

FNGU vs. GDXD - Sharpe Ratio Comparison

The current FNGU Sharpe Ratio is 0.48, which is higher than the GDXD Sharpe Ratio of -0.63. The chart below compares the historical Sharpe Ratios of FNGU and GDXD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FNGU vs. GDXD - Drawdown Comparison

The maximum FNGU drawdown since its inception was -61.30%, smaller than the maximum GDXD drawdown of -99.96%. Use the drawdown chart below to compare losses from any high point for FNGU and GDXD.

Drawdown Indicators

	FNGU	GDXD	Difference
Max Drawdown Largest peak-to-trough decline	-61.30%	-99.96%	+38.66%
Max Drawdown (1Y) Largest decline over 1 year	-59.55%	-94.88%	+35.33%
Max Drawdown (3Y) Largest decline over 3 years	—	-99.86%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-99.96%	—
Current Drawdown Current decline from peak	-9.65%	-99.93%	+90.28%
Average Drawdown Average peak-to-trough decline	-22.57%	-72.63%	+50.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.71%	81.29%	-54.58%

Volatility

FNGU vs. GDXD - Volatility Comparison

The current volatility for MicroSectors FANG+ 3X Leveraged ETNs (FNGU) is 22.79%, while MicroSectors Gold Miners -3X Inverse Leveraged ETNs due June 29, 2040 (GDXD) has a volatility of 39.80%. This indicates that FNGU experiences smaller price fluctuations and is considered to be less risky than GDXD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FNGU	GDXD	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.79%	39.80%	-17.01%
Volatility (6M) Calculated over the trailing 6-month period	55.65%	114.46%	-58.81%
Volatility (1Y) Calculated over the trailing 1-year period	67.12%	147.01%	-79.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	80.47%	112.77%	-32.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	80.47%	110.99%	-30.52%

FNGU vs. GDXD - Expense Ratio Comparison

FNGU has a 2.60% expense ratio, which is higher than GDXD's 0.95% expense ratio.

Dividends

FNGU vs. GDXD - Dividend Comparison

Neither FNGU nor GDXD has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FNGU and GDXD in my portfolio?

FNGU and GDXD have a correlation of -0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FNGU or GDXD?

GDXD has higher volatility (39.80%) compared to FNGU (22.79%). In terms of maximum drawdown, FNGU dropped -61.30% vs GDXD's -99.96%.

Which ETF is better, FNGU or GDXD?

On 1-year performance, FNGU leads with 31.91% vs -92.16% for GDXD. On fees, GDXD is cheaper at 0.95% per year. On volatility, FNGU has been the lower-risk option at 22.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FNGU or GDXD?

Over the 1-year period, FNGU has performed better with a 31.91% return vs -92.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FNGU or GDXD?

GDXD is cheaper with a 0.95% expense ratio, compared with 2.60% for FNGU.

Which ETF pays a higher dividend yield, FNGU or GDXD?

FNGU and GDXD have nearly identical dividend yields, around 0.00%.

What is the main difference between FNGU and GDXD?

FNGU is categorized as Leveraged Equities, while GDXD is Inverse Equities. FNGU tracks NYSE FANG+ Index (Gross Total Return) (300%), while GDXD tracks S-Network MicroSectors Gold Miners Index. Their fees differ too: 2.60% for FNGU and 0.95% for GDXD.

Which has better risk-adjusted returns?

FNGU currently has the higher Sharpe Ratio (0.48 vs -0.63), 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.