GDXD vs. MOOD

Last updated Jul 14, 2026

GDXD (MicroSectors Gold Miners -3X Inverse Leveraged ETNs) and MOOD (Relative Sentiment Tactical Allocation ETF) are both exchange-traded funds - GDXD is a Inverse Equities fund tracking the S-Network MicroSectors Gold Miners Index - Benchmark TR Gross (-300%), while MOOD is a Tactical Allocation fund actively managed by Relative Sentiment. GDXD is passively managed, while MOOD is actively managed. Over the past 3 years, GDXD returned -82.31%/yr vs 19.36%/yr for MOOD. At a correlation of -0.59, they often move in opposite directions. GDXD charges 0.95%/yr vs 0.73%/yr for MOOD.

Performance

GDXD vs. MOOD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD) and Relative Sentiment Tactical Allocation ETF (MOOD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GDXD achieves a -37.37% return, which is significantly lower than MOOD's 13.29% return.

GDXD

• 1D: 8.77%
• 1M: 16.42%
• 6M: -11.19%
• YTD: -37.37%
• 1Y: -91.03%
• 3Y*: -82.31%
• 5Y*: -72.96%
• 10Y*: —

MOOD

• 1D: -0.64%
• 1M: -0.72%
• 6M: 7.35%
• YTD: 13.29%
• 1Y: 30.71%
• 3Y*: 19.36%
• 5Y*: —
• 10Y*: —

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

GDXD vs. MOOD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GDXD MicroSectors Gold Miners -3X Inverse Leveraged ETNs	-37.37%	-97.53%	-57.78%	-52.35%	-45.07%
MOOD Relative Sentiment Tactical Allocation ETF	13.29%	30.39%	12.53%	12.56%	-3.31%

Correlation

The correlation between GDXD and MOOD is -0.73, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.73
Correlation (3Y) Calculated over the trailing 3-year period	-0.61
Correlation (All Time) Calculated using the full available price history since May 19, 2022	-0.59

The correlation between GDXD and MOOD shifts across timeframes, from -0.73 (1 year) to -0.59 (all time), reflecting how their relationship changes across market environments.

GDXD vs. MOOD - Sectors Allocation Comparison

Sectors	GDXD	MOOD
Basic Materials	100.0%	4.4%
Communication Services	-	7.1%
Consumer Cyclical	-	9.0%
Consumer Defensive	-	4.6%
Energy	-	3.6%
Financial Services	-	16.2%
Healthcare	-	8.7%
Industrials	-	13.0%
Real Estate	-	2.6%
Technology	-	28.0%
Utilities	-	2.6%

Return for Risk

GDXD vs. MOOD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GDXD

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

MOOD

MOOD Risk / Return Rank: 77
MOOD Sharpe Ratio Rank: 83
MOOD Sortino Ratio Rank: 70
MOOD Omega Ratio Rank: 86
MOOD Calmar Ratio Rank: 77
MOOD Martin Ratio Rank: 67

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GDXD vs. MOOD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD) and Relative Sentiment Tactical Allocation ETF (MOOD). 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	MOOD	Difference
Sharpe ratio: Return per unit of total volatility	-0.63	2.10	-2.73
Sortino ratio: Return per unit of downside risk	-1.41	2.53	-3.93
Omega ratio: Gain probability vs. loss probability	0.85	1.41	-0.56
Calmar ratio: Return relative to maximum drawdown	-0.95	3.18	-4.13
Martin ratio: Return relative to average drawdown	-1.12	9.68	-10.80

GDXD vs. MOOD - Sharpe Ratio Comparison

The current GDXD Sharpe Ratio is -0.63, which is lower than the MOOD Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of GDXD and MOOD, 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

GDXD vs. MOOD - Drawdown Comparison

The maximum GDXD drawdown since its inception was -99.96%, which is greater than MOOD's maximum drawdown of -14.34%. Use the drawdown chart below to compare losses from any high point for GDXD and MOOD.

Drawdown Indicators

	GDXD	MOOD	Difference
Max Drawdown Largest peak-to-trough decline	-99.96%	-14.34%	-85.62%
Max Drawdown (1Y) Largest decline over 1 year	-96.19%	-9.71%	-86.48%
Max Drawdown (3Y) Largest decline over 3 years	-99.86%	-9.71%	-90.15%
Max Drawdown (5Y) Largest decline over 5 years	-99.96%	—	—
Current Drawdown Current decline from peak	-99.91%	-2.06%	-97.85%
Average Drawdown Average peak-to-trough decline	-72.32%	-2.31%	-70.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	80.98%	3.18%	+77.80%

Volatility

GDXD vs. MOOD - Volatility Comparison

MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD) has a higher volatility of 47.16% compared to Relative Sentiment Tactical Allocation ETF (MOOD) at 4.02%. This indicates that GDXD's price experiences larger fluctuations and is considered to be riskier than MOOD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GDXD	MOOD	Difference
Volatility (1M) Calculated over the trailing 1-month period	47.16%	4.02%	+43.14%
Volatility (6M) Calculated over the trailing 6-month period	117.86%	12.60%	+105.26%
Volatility (1Y) Calculated over the trailing 1-year period	144.94%	14.71%	+130.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	112.08%	12.13%	+99.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	110.75%	12.13%	+98.62%

GDXD vs. MOOD - Expense Ratio Comparison

GDXD has a 0.95% expense ratio, which is higher than MOOD's 0.73% expense ratio.

Dividends

GDXD vs. MOOD - Dividend Comparison

GDXD has not paid dividends to shareholders, while MOOD's dividend yield for the trailing twelve months is around 0.36%.

Position	TTM	2025	2024	2023	2022
GDXD MicroSectors Gold Miners -3X Inverse Leveraged ETNs	0.00%	0.00%	0.00%	0.00%	0.00%
MOOD Relative Sentiment Tactical Allocation ETF	0.36%	0.40%	1.33%	1.34%	1.43%

Frequently Asked Questions

Can I hold both GDXD and MOOD in my portfolio?

GDXD and MOOD have a correlation of -0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GDXD or MOOD?

GDXD has higher volatility (47.16%) compared to MOOD (4.02%). In terms of maximum drawdown, GDXD dropped -99.96% vs MOOD's -14.34%.

Which ETF is better, GDXD or MOOD?

On 3-year performance, MOOD leads with 19.36% vs -82.31% for GDXD. On fees, MOOD is cheaper at 0.73% per year. On volatility, MOOD has been the lower-risk option at 4.02%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GDXD or MOOD?

Over the 3-year period, MOOD has performed better with a 19.36% return vs -82.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GDXD or MOOD?

MOOD is cheaper with a 0.73% expense ratio, compared with 0.95% for GDXD.

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

MOOD has the higher dividend yield at 0.36%, compared with 0.00% for GDXD.

What is the main difference between GDXD and MOOD?

GDXD is categorized as Inverse Equities, while MOOD is Tactical Allocation. They also come from different issuers: BMO and Relative Sentiment. Their fees differ too: 0.95% for GDXD and 0.73% for MOOD.

Which has better risk-adjusted returns?

MOOD currently has the higher Sharpe Ratio (2.10 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.