GDXD vs. METD
Compare and contrast key facts about MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD) and Direxion Daily META Bear 1X ETF (METD).
GDXD and METD 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. METD is an actively managed fund by Direxion. It was launched on Jun 5, 2024.
Performance
GDXD vs. METD - Performance Comparison
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GDXD vs. METD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GDXD MicroSectors Gold Miners -3X Inverse Leveraged ETNs | -57.98% | -97.53% | -22.97% |
METD Direxion Daily META Bear 1X ETF | 12.25% | -17.33% | -15.84% |
Returns By Period
In the year-to-date period, GDXD achieves a -57.98% return, which is significantly lower than METD's 12.25% return.
GDXD
- 1D
- -13.65%
- 1M
- 43.26%
- YTD
- -57.98%
- 6M
- -78.84%
- 1Y
- -97.19%
- 3Y*
- -84.82%
- 5Y*
- -76.20%
- 10Y*
- —
METD
- 1D
- -6.54%
- 1M
- 12.68%
- YTD
- 12.25%
- 6M
- 20.94%
- 1Y
- -6.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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GDXD vs. METD - Expense Ratio Comparison
GDXD has a 0.95% expense ratio, which is lower than METD's 1.00% expense ratio.
Return for Risk
GDXD vs. METD — Risk / Return Rank
GDXD
METD
GDXD vs. METD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD) and Direxion Daily META Bear 1X ETF (METD). 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 | METD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.70 | -0.20 | -0.50 |
Sortino ratioReturn per unit of downside risk | -2.67 | 0.00 | -2.67 |
Omega ratioGain probability vs. loss probability | 0.72 | 1.00 | -0.28 |
Calmar ratioReturn relative to maximum drawdown | -0.99 | -0.19 | -0.79 |
Martin ratioReturn relative to average drawdown | -1.20 | -0.27 | -0.93 |
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 | METD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.70 | -0.20 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.71 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.69 | -0.35 | -0.34 |
Correlation
The correlation between GDXD and METD is 0.07, 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. METD - Dividend Comparison
GDXD has not paid dividends to shareholders, while METD's dividend yield for the trailing twelve months is around 2.43%.
| TTM | 2025 | 2024 | |
|---|---|---|---|
GDXD MicroSectors Gold Miners -3X Inverse Leveraged ETNs | 0.00% | 0.00% | 0.00% |
METD Direxion Daily META Bear 1X ETF | 2.43% | 3.35% | 2.30% |
Drawdowns
GDXD vs. METD - Drawdown Comparison
The maximum GDXD drawdown since its inception was -99.96%, which is greater than METD's maximum drawdown of -46.03%. Use the drawdown chart below to compare losses from any high point for GDXD and METD.
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Drawdown Indicators
| GDXD | METD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.96% | -46.03% | -53.93% |
Max Drawdown (1Y)Largest decline over 1 year | -98.51% | -39.89% | -58.62% |
Max Drawdown (5Y)Largest decline over 5 years | -99.96% | — | — |
Current DrawdownCurrent decline from peak | -99.94% | -27.85% | -72.09% |
Average DrawdownAverage peak-to-trough decline | -70.95% | -28.04% | -42.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 80.88% | 29.13% | +51.75% |
Volatility
GDXD vs. METD - Volatility Comparison
MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD) has a higher volatility of 52.55% compared to Direxion Daily META Bear 1X ETF (METD) at 13.49%. This indicates that GDXD's price experiences larger fluctuations and is considered to be riskier than METD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GDXD | METD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 52.55% | 13.49% | +39.06% |
Volatility (6M)Calculated over the trailing 6-month period | 111.65% | 26.76% | +84.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 138.77% | 40.30% | +98.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 108.19% | 36.27% | +71.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 108.33% | 36.27% | +72.06% |