GDXD vs. VOO
Compare and contrast key facts about MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD) and Vanguard S&P 500 ETF (VOO).
GDXD and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both GDXD and VOO 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 VOO.
Key characteristics
| GDXD | VOO | |
|---|---|---|
| YTD Return | -69.93% | 26.59% |
| 1Y Return | -81.19% | 38.23% |
| 3Y Return (Ann) | -59.38% | 9.99% |
| Sharpe Ratio | -0.83 | 3.11 |
| Sortino Ratio | -1.55 | 4.14 |
| Omega Ratio | 0.83 | 1.58 |
| Calmar Ratio | -0.82 | 4.54 |
| Martin Ratio | -1.31 | 20.72 |
| Ulcer Index | 60.68% | 1.85% |
| Daily Std Dev | 96.26% | 12.33% |
| Max Drawdown | -97.02% | -33.99% |
| Current Drawdown | -96.02% | 0.00% |
Correlation
The correlation between GDXD and VOO is -0.33. 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. VOO - Performance Comparison
In the year-to-date period, GDXD achieves a -69.93% return, which is significantly lower than VOO's 26.59% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GDXD vs. VOO - Expense Ratio Comparison
GDXD has a 0.95% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
GDXD vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD) and Vanguard S&P 500 ETF (VOO). 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.
Dividends
GDXD vs. VOO - Dividend Comparison
GDXD has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.24%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VOO Vanguard S&P 500 ETF | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
GDXD vs. VOO - Drawdown Comparison
The maximum GDXD drawdown since its inception was -97.02%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for GDXD and VOO. For additional features, visit the drawdowns tool.
Volatility
GDXD vs. VOO - Volatility Comparison
MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD) has a higher volatility of 27.16% compared to Vanguard S&P 500 ETF (VOO) at 3.95%. This indicates that GDXD's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.