GDXD vs. USDU
GDXD (MicroSectors Gold Miners -3X Inverse Leveraged ETNs) and USDU (WisdomTree Bloomberg U.S. Dollar Bullish Fund) are both exchange-traded funds - GDXD is a Inverse Equities fund tracking the S-Network MicroSectors Gold Miners Index - Benchmark TR Gross (-300%), while USDU is a Currency fund actively managed by WisdomTree. GDXD is passively managed, while USDU is actively managed. Over the past 5 years, GDXD returned -72.96%/yr vs 5.48%/yr for USDU. At a 0.50 correlation, their price movements are largely independent. GDXD charges 0.95%/yr vs 0.51%/yr for USDU.
Performance
GDXD vs. USDU - Performance Comparison
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Returns By Period
In the year-to-date period, GDXD achieves a -37.37% return, which is significantly lower than USDU's 3.80% return.
GDXD
- 1D
- 8.77%
- 1M
- 16.42%
- 6M
- -11.19%
- YTD
- -37.37%
- 1Y
- -91.03%
- 3Y*
- -82.31%
- 5Y*
- -72.96%
- 10Y*
- —
USDU
- 1D
- 0.37%
- 1M
- 1.79%
- 6M
- 3.12%
- YTD
- 3.80%
- 1Y
- 6.84%
- 3Y*
- 6.10%
- 5Y*
- 5.48%
- 10Y*
- 2.79%
GDXD vs. USDU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GDXD MicroSectors Gold Miners -3X Inverse Leveraged ETNs | -37.37% | -97.53% | -57.78% | -52.35% | -52.56% | -19.71% | -13.10% |
USDU WisdomTree Bloomberg U.S. Dollar Bullish Fund | 3.80% | -3.14% | 14.56% | 3.10% | 7.67% | 4.07% | -1.55% |
Correlation
The correlation between GDXD and USDU is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2020 | 0.50 |
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Return for Risk
GDXD vs. USDU — Risk / Return Rank
GDXD
USDU
GDXD vs. USDU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD) and WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU). 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 | USDU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.86 | ||
| Sortino ratioReturn per unit of downside risk | -3.25 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.23 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.95 | 1.88 | -2.83 |
| Martin ratioReturn relative to average drawdown | -1.12 | 5.24 | -6.36 |
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Drawdowns
GDXD vs. USDU - Drawdown Comparison
The maximum GDXD drawdown since its inception was -99.96%, which is greater than USDU's maximum drawdown of -14.54%. Use the drawdown chart below to compare losses from any high point for GDXD and USDU.
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Drawdown Indicators
| GDXD | USDU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.96% | -14.54% | -85.42% |
Max Drawdown (1Y)Largest decline over 1 year | -96.19% | -3.64% | -92.55% |
Max Drawdown (3Y)Largest decline over 3 years | -99.86% | -7.73% | -92.13% |
Max Drawdown (5Y)Largest decline over 5 years | -99.96% | -9.28% | -90.68% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.54% | — |
Current DrawdownCurrent decline from peak | -99.91% | -0.43% | -99.48% |
Average DrawdownAverage peak-to-trough decline | -72.32% | -4.69% | -67.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 80.98% | 1.31% | +79.67% |
Volatility
GDXD vs. USDU - Volatility Comparison
MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD) has a higher volatility of 47.16% compared to WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU) at 1.15%. This indicates that GDXD's price experiences larger fluctuations and is considered to be riskier than USDU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GDXD | USDU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 47.16% | 1.15% | +46.01% |
Volatility (6M)Calculated over the trailing 6-month period | 117.86% | 4.30% | +113.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 144.94% | 5.61% | +139.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 112.08% | 6.60% | +105.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 110.75% | 7.42% | +103.33% |
GDXD vs. USDU - Expense Ratio Comparison
GDXD has a 0.95% expense ratio, which is higher than USDU's 0.51% expense ratio.
Dividends
GDXD vs. USDU - Dividend Comparison
GDXD has not paid dividends to shareholders, while USDU's dividend yield for the trailing twelve months is around 3.69%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
USDU WisdomTree Bloomberg U.S. Dollar Bullish Fund | 3.69% | 3.83% | 3.97% | 6.99% | 7.83% | 0.00% | 0.69% | 3.06% | 0.88% | 0.00% | 0.00% | 6.48% |
Frequently Asked Questions
GDXD and USDU have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDXD has higher volatility (47.16%) compared to USDU (1.15%). In terms of maximum drawdown, GDXD dropped -99.96% vs USDU's -14.54%.
On 5-year performance, USDU leads with 5.48% vs -72.96% for GDXD. On fees, USDU is cheaper at 0.51% per year. On volatility, USDU has been the lower-risk option at 1.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, USDU has performed better with a 5.48% return vs -72.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USDU is cheaper with a 0.51% expense ratio, compared with 0.95% for GDXD.
USDU has the higher dividend yield at 3.69%, compared with 0.00% for GDXD.
GDXD is categorized as Inverse Equities, while USDU is Currency. They also come from different issuers: BMO and WisdomTree. Their fees differ too: 0.95% for GDXD and 0.51% for USDU.
USDU currently has the higher Sharpe Ratio (1.23 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.
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