GDXD vs. SQQQ
Compare and contrast key facts about MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD) and ProShares UltraPro Short QQQ (SQQQ).
GDXD and SQQQ 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 Financial Group that tracks the performance of the S-Network MicroSectors Gold Miners Index - Benchmark TR Gross (-300%). It was launched on Dec 2, 2020. SQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (-300%). It was launched on Feb 9, 2010. Both GDXD and SQQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GDXD or SQQQ.
Correlation
The correlation between GDXD and SQQQ is -0.30. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
GDXD vs. SQQQ - Performance Comparison
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Key characteristics
GDXD:
-0.73
SQQQ:
-0.65
GDXD:
-1.33
SQQQ:
-0.68
GDXD:
0.85
SQQQ:
0.91
GDXD:
-0.80
SQQQ:
-0.49
GDXD:
-1.54
SQQQ:
-1.50
GDXD:
51.48%
SQQQ:
32.43%
GDXD:
105.78%
SQQQ:
75.75%
GDXD:
-98.77%
SQQQ:
-100.00%
GDXD:
-98.55%
SQQQ:
-100.00%
Returns By Period
In the year-to-date period, GDXD achieves a -74.04% return, which is significantly lower than SQQQ's -23.95% return.
GDXD
-74.04%
12.37%
-68.97%
-77.12%
-67.51%
N/A
N/A
SQQQ
-23.95%
-39.60%
-29.20%
-49.26%
-54.70%
-53.14%
-52.25%
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GDXD vs. SQQQ - Expense Ratio Comparison
Both GDXD and SQQQ have an expense ratio of 0.95%.
Risk-Adjusted Performance
GDXD vs. SQQQ — Risk-Adjusted Performance Rank
GDXD
SQQQ
GDXD vs. SQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD) and ProShares UltraPro Short QQQ (SQQQ). 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.
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Dividends
GDXD vs. SQQQ - Dividend Comparison
GDXD has not paid dividends to shareholders, while SQQQ's dividend yield for the trailing twelve months is around 12.21%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
GDXD MicroSectors Gold Miners -3X Inverse Leveraged ETNs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SQQQ ProShares UltraPro Short QQQ | 12.21% | 10.23% | 8.01% | 0.28% | 0.00% | 2.15% | 2.92% | 1.47% | 0.14% |
Drawdowns
GDXD vs. SQQQ - Drawdown Comparison
The maximum GDXD drawdown since its inception was -98.77%, roughly equal to the maximum SQQQ drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for GDXD and SQQQ. For additional features, visit the drawdowns tool.
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Volatility
GDXD vs. SQQQ - Volatility Comparison
MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD) has a higher volatility of 38.90% compared to ProShares UltraPro Short QQQ (SQQQ) at 20.04%. This indicates that GDXD's price experiences larger fluctuations and is considered to be riskier than SQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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