GDXD vs. SKRE
GDXD (MicroSectors Gold Miners -3X Inverse Leveraged ETNs due June 29, 2040) and SKRE (Tuttle Capital Daily 2X Inverse Regional Banks ETF) are both Inverse Equities funds - GDXD tracks the S-Network MicroSectors Gold Miners Index while SKRE tracks the S&P Regional Banks Select Industry. Both are passively managed. Over the past year, GDXD returned -91.93% vs -49.41% for SKRE. Their 0.07 correlation means their historical movements had little consistent relationship. GDXD charges 0.95%/yr vs 0.75%/yr for SKRE.
Performance
GDXD vs. SKRE - 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 SKRE's -33.64% 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%
SKRE
- 1D
- -0.47%
- 1M
- -3.55%
- 6M
- -24.32%
- YTD
- -33.64%
- 1Y
- -49.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -41.39%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $19.58M | $21.95M | $29.87M | |
| $138.55K | $152.58K | $246.42K |
GDXD vs. SKRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GDXD MicroSectors Gold Miners -3X Inverse Leveraged ETNs due June 29, 2040 | -42.32% | -97.53% | -62.74% |
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF | -33.64% | -31.29% | -44.47% |
Correlation
The correlation between GDXD and SKRE is 0.11, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2024 | 0.07 |
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Return for Risk
GDXD vs. SKRE — Risk / Return Rank
GDXD
SKRE
GDXD vs. SKRE - 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 Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE). 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 | SKRE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.82 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | -0.92 | -0.04 |
| Martin ratioReturn relative to average drawdown | -1.11 | -1.55 | +0.44 |
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Drawdowns
GDXD vs. SKRE - Drawdown Comparison
The maximum GDXD drawdown since its inception was -99.96%, which is greater than SKRE's maximum drawdown of -79.33%. Use the drawdown chart below to compare losses from any high point for GDXD and SKRE.
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Drawdown Indicators
| GDXD | SKRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.96% | -79.33% | -20.63% |
Max Drawdown (1Y)Largest decline over 1 year | -95.95% | -51.44% | -44.51% |
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% | -78.48% | -21.44% |
Average DrawdownAverage peak-to-trough decline | -72.59% | -49.04% | -23.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 83.56% | 30.59% | +52.97% |
Volatility
GDXD vs. SKRE - Volatility Comparison
MicroSectors Gold Miners -3X Inverse Leveraged ETNs due June 29, 2040 (GDXD) has a higher volatility of 40.76% compared to Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) at 11.05%. This indicates that GDXD's price experiences larger fluctuations and is considered to be riskier than SKRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GDXD | SKRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 40.76% | 11.05% | +29.71% |
Volatility (6M)Calculated over the trailing 6-month period | 118.25% | 30.36% | +87.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 146.68% | 46.00% | +100.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 112.62% | 54.78% | +57.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 110.97% | 54.78% | +56.19% |
GDXD vs. SKRE - Expense Ratio Comparison
GDXD has a 0.95% expense ratio, which is higher than SKRE's 0.75% expense ratio.
Dividends
GDXD vs. SKRE - Dividend Comparison
GDXD has not paid dividends to shareholders, while SKRE's dividend yield for the trailing twelve months is around 0.39%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GDXD MicroSectors Gold Miners -3X Inverse Leveraged ETNs due June 29, 2040 | 0.00% | 0.00% | 0.00% |
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF | 0.39% | 0.26% | 3.16% |
Frequently Asked Questions
GDXD and SKRE have a correlation of 0.11, 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 SKRE (11.05%). In terms of maximum drawdown, GDXD dropped -99.96% vs SKRE's -79.33%.
On 1-year performance, SKRE leads with -49.41% vs -91.93% for GDXD. On fees, SKRE is cheaper at 0.75% per year. On volatility, SKRE has been the lower-risk option at 11.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SKRE has performed better with a -49.41% return vs -91.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SKRE is cheaper with a 0.75% expense ratio, compared with 0.95% for GDXD.
SKRE has the higher dividend yield at 0.39%, compared with 0.00% for GDXD.
GDXD tracks S-Network MicroSectors Gold Miners Index, while SKRE tracks S&P Regional Banks Select Industry. They also come from different issuers: BMO and Tuttle. Their fees differ too: 0.95% for GDXD and 0.75% for SKRE.
GDXD currently has the higher Sharpe Ratio (-0.63 vs -1.04), 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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