GDXD vs. BRKD
GDXD (MicroSectors Gold Miners -3X Inverse Leveraged ETNs due June 29, 2040) and BRKD (Direxion Daily BRKB Bear 1X Shares) are both Inverse Equities funds - GDXD tracks the S-Network MicroSectors Gold Miners Index while BRKD tracks the Berkshire Hathaway Inc. Class B (-100%). Both are passively managed. Over the past year, GDXD returned -91.93% vs 1.54% for BRKD. Their 0.02 correlation means their historical movements had little consistent relationship. GDXD charges 0.95%/yr vs 1.00%/yr for BRKD.
Performance
GDXD vs. BRKD - Performance Comparison
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Returns By Period
In the year-to-date period, GDXD achieves a -42.32% return, which is significantly lower than BRKD's 5.90% return.
GDXD
- 1D
- 10.48%
- 1M
- 10.38%
- 6M
- -10.42%
- YTD
- -42.32%
- 1Y
- -91.93%
- 3Y*
- -83.55%
- 5Y*
- -73.29%
- 10Y*
- —
- ALL TIME*
- -70.78%
BRKD
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.81%
- YTD
- 5.90%
- 1Y
- 1.54%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 0.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $19.58M | $21.95M | $29.87M |
GDXD vs. BRKD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GDXD MicroSectors Gold Miners -3X Inverse Leveraged ETNs due June 29, 2040 | -42.32% | -97.53% | 32.87% |
BRKD Direxion Daily BRKB Bear 1X Shares | 5.90% | -6.69% | 2.19% |
Correlation
The correlation between GDXD and BRKD is 0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.01 |
Correlation (All Time) Calculated using the full available price history since Dec 11, 2024 | 0.02 |
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Return for Risk
GDXD vs. BRKD — Risk / Return Rank
GDXD
BRKD
GDXD vs. BRKD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Gold Miners -3X Inverse Leveraged ETNs due June 29, 2040 (GDXD) and Direxion Daily BRKB Bear 1X Shares (BRKD). 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.
| GDXD | BRKD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -1.79 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.04 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | 0.18 | -1.14 |
| Martin ratioReturn relative to average drawdown | -1.11 | 0.34 | -1.45 |
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Drawdowns
GDXD vs. BRKD - Drawdown Comparison
The maximum GDXD drawdown since its inception was -99.96%, which is greater than BRKD's maximum drawdown of -17.92%. Use the drawdown chart below to compare losses from any high point for GDXD and BRKD.
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Drawdown Indicators
| GDXD | BRKD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.96% | -17.92% | -82.04% |
Max Drawdown (1Y)Largest decline over 1 year | -95.95% | -9.34% | -86.61% |
Max Drawdown (3Y)Largest decline over 3 years | -99.86% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -99.96% | — | — |
Current DrawdownCurrent decline from peak | -99.92% | -3.69% | -96.23% |
Average DrawdownAverage peak-to-trough decline | -72.59% | -7.33% | -65.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 83.56% | 4.84% | +78.72% |
Volatility
GDXD vs. BRKD - Volatility Comparison
MicroSectors Gold Miners -3X Inverse Leveraged ETNs due June 29, 2040 (GDXD) has a higher volatility of 40.76% compared to Direxion Daily BRKB Bear 1X Shares (BRKD) at 0.00%. This indicates that GDXD's price experiences larger fluctuations and is considered to be riskier than BRKD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GDXD | BRKD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 40.76% | 0.00% | +40.76% |
Volatility (6M)Calculated over the trailing 6-month period | 118.25% | 7.80% | +110.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 146.68% | 12.25% | +134.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 112.62% | 16.37% | +96.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 110.97% | 16.37% | +94.60% |
GDXD vs. BRKD - Expense Ratio Comparison
GDXD has a 0.95% expense ratio, which is lower than BRKD's 1.00% expense ratio.
Dividends
GDXD vs. BRKD - Dividend Comparison
GDXD has not paid dividends to shareholders, while BRKD's dividend yield for the trailing twelve months is around 1.91%.
| Position | TTM | 2025 |
|---|---|---|
BRKD Direxion Daily BRKB Bear 1X Shares | 1.91% | 3.50% |
GDXD MicroSectors Gold Miners -3X Inverse Leveraged ETNs due June 29, 2040 | 0.00% | 0.00% |
Frequently Asked Questions
GDXD and BRKD have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDXD has higher volatility (40.76%) compared to BRKD (0.00%). In terms of maximum drawdown, GDXD dropped -99.96% vs BRKD's -17.92%.
On 1-year performance, BRKD leads with 1.54% vs -91.93% for GDXD. On fees, GDXD is cheaper at 0.95% per year. On volatility, BRKD has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BRKD has performed better with a 1.54% return vs -91.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GDXD is cheaper with a 0.95% expense ratio, compared with 1.00% for BRKD.
BRKD has the higher dividend yield at 1.91%, compared with 0.00% for GDXD.
GDXD tracks S-Network MicroSectors Gold Miners Index, while BRKD tracks Berkshire Hathaway Inc. Class B (-100%). They also come from different issuers: BMO and Direxion. Their fees differ too: 0.95% for GDXD and 1.00% for BRKD.
BRKD currently has the higher Sharpe Ratio (0.14 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.
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