GDXD vs. CARD
Compare and contrast key facts about MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD) and Max Auto Industry -3X Inverse Leveraged ETN (CARD).
GDXD and CARD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GDXD is a passively managed fund by BMO that tracks the performance of the S-Network MicroSectors Gold Miners Index - Benchmark TR Gross (-300%). It was launched on Dec 2, 2020. CARD is a passively managed fund by Max that tracks the performance of the Prime Auto Industry Index - Benchmark TR Net (--300%). It was launched on Jun 27, 2023. Both GDXD and CARD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
GDXD vs. CARD - Performance Comparison
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GDXD vs. CARD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GDXD MicroSectors Gold Miners -3X Inverse Leveraged ETNs | -51.34% | -97.53% | -57.78% | -37.92% |
CARD Max Auto Industry -3X Inverse Leveraged ETN | 27.01% | -60.21% | -58.19% | -30.38% |
Returns By Period
In the year-to-date period, GDXD achieves a -51.34% return, which is significantly lower than CARD's 27.01% return.
GDXD
- 1D
- -21.63%
- 1M
- 68.00%
- YTD
- -51.34%
- 6M
- -76.21%
- 1Y
- -96.70%
- 3Y*
- -84.06%
- 5Y*
- -75.49%
- 10Y*
- —
CARD
- 1D
- -10.04%
- 1M
- 20.30%
- YTD
- 27.01%
- 6M
- 23.34%
- 1Y
- -54.45%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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GDXD vs. CARD - Expense Ratio Comparison
Both GDXD and CARD have an expense ratio of 0.95%.
Return for Risk
GDXD vs. CARD — Risk / Return Rank
GDXD
CARD
GDXD vs. CARD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD) and Max Auto Industry -3X Inverse Leveraged ETN (CARD). 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.
| GDXD | CARD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.70 | -0.66 | -0.04 |
Sortino ratioReturn per unit of downside risk | -2.54 | -0.70 | -1.84 |
Omega ratioGain probability vs. loss probability | 0.73 | 0.91 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | -0.98 | -0.72 | -0.26 |
Martin ratioReturn relative to average drawdown | -1.20 | -0.85 | -0.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GDXD | CARD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.70 | -0.66 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.70 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.68 | -0.62 | -0.06 |
Correlation
The correlation between GDXD and CARD is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
GDXD vs. CARD - Dividend Comparison
Neither GDXD nor CARD has paid dividends to shareholders.
Drawdowns
GDXD vs. CARD - Drawdown Comparison
The maximum GDXD drawdown since its inception was -99.96%, which is greater than CARD's maximum drawdown of -93.51%. Use the drawdown chart below to compare losses from any high point for GDXD and CARD.
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Drawdown Indicators
| GDXD | CARD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.96% | -93.51% | -6.45% |
Max Drawdown (1Y)Largest decline over 1 year | -98.51% | -77.41% | -21.10% |
Max Drawdown (5Y)Largest decline over 5 years | -99.96% | — | — |
Current DrawdownCurrent decline from peak | -99.93% | -90.46% | -9.47% |
Average DrawdownAverage peak-to-trough decline | -70.92% | -66.62% | -4.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 80.64% | 65.55% | +15.09% |
Volatility
GDXD vs. CARD - Volatility Comparison
MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD) has a higher volatility of 54.68% compared to Max Auto Industry -3X Inverse Leveraged ETN (CARD) at 25.18%. This indicates that GDXD's price experiences larger fluctuations and is considered to be riskier than CARD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GDXD | CARD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 54.68% | 25.18% | +29.50% |
Volatility (6M)Calculated over the trailing 6-month period | 110.83% | 52.70% | +58.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 138.20% | 82.47% | +55.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 108.13% | 80.97% | +27.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 108.21% | 80.97% | +27.24% |