GDXD vs. YXI
GDXD (MicroSectors Gold Miners -3X Inverse Leveraged ETNs) and YXI (ProShares Short FTSE China 50) are both Inverse Equities funds - GDXD tracks the S-Network MicroSectors Gold Miners Index - Benchmark TR Gross (-300%) while YXI tracks the FTSE China 50 Net Tax USD (TR) (-100%). Both are passively managed. Over the past 5 years, GDXD returned -72.97%/yr vs -2.76%/yr for YXI. At a 0.31 correlation, their price movements are largely independent. Both charge a 0.95% expense ratio.
Performance
GDXD vs. YXI - Performance Comparison
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Returns By Period
In the year-to-date period, GDXD achieves a -53.31% return, which is significantly lower than YXI's 7.60% return.
GDXD
- 1D
- -4.33%
- 1M
- -13.84%
- YTD
- -53.31%
- 6M
- -63.91%
- 1Y
- -93.31%
- 3Y*
- -84.41%
- 5Y*
- -72.97%
- 10Y*
- —
YXI
- 1D
- -0.56%
- 1M
- 2.15%
- YTD
- 7.60%
- 6M
- 9.50%
- 1Y
- 1.04%
- 3Y*
- -11.86%
- 5Y*
- -2.76%
- 10Y*
- -8.18%
GDXD vs. YXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GDXD MicroSectors Gold Miners -3X Inverse Leveraged ETNs | -53.31% | -97.53% | -57.78% | -52.35% | -52.56% | -19.71% | -13.30% |
YXI ProShares Short FTSE China 50 | 7.60% | -22.87% | -25.36% | 12.40% | 4.78% | 13.94% | -0.08% |
Correlation
The correlation between GDXD and YXI is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2020 | 0.31 |
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Return for Risk
GDXD vs. YXI — Risk / Return Rank
GDXD
YXI
GDXD vs. YXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD) and ProShares Short FTSE China 50 (YXI). 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.
| GDXD | YXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -2.13 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 1.03 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | 0.07 | -1.04 |
| Martin ratioReturn relative to average drawdown | -1.22 | 0.13 | -1.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GDXD | YXI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.69 | 0.05 | -0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.67 | -0.09 | -0.58 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.30 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.67 | -0.30 | -0.36 |
Drawdowns
GDXD vs. YXI - Drawdown Comparison
The maximum GDXD drawdown since its inception was -99.96%, which is greater than YXI's maximum drawdown of -81.15%. Use the drawdown chart below to compare losses from any high point for GDXD and YXI.
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Drawdown Indicators
| GDXD | YXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.96% | -81.15% | -18.81% |
Max Drawdown (1Y)Largest decline over 1 year | -96.33% | -14.21% | -82.12% |
Max Drawdown (3Y)Largest decline over 3 years | -99.86% | -53.12% | -46.74% |
Max Drawdown (5Y)Largest decline over 5 years | -99.96% | -57.65% | -42.31% |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.92% | — |
Current DrawdownCurrent decline from peak | -99.94% | -78.03% | -21.91% |
Average DrawdownAverage peak-to-trough decline | -71.87% | -54.31% | -17.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 76.15% | 7.79% | +68.36% |
Volatility
GDXD vs. YXI - Volatility Comparison
MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD) has a higher volatility of 47.60% compared to ProShares Short FTSE China 50 (YXI) at 7.25%. This indicates that GDXD's price experiences larger fluctuations and is considered to be riskier than YXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GDXD | YXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 47.60% | 7.25% | +40.35% |
Volatility (6M)Calculated over the trailing 6-month period | 109.82% | 14.87% | +94.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 136.25% | 19.93% | +116.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 109.97% | 31.39% | +78.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 109.33% | 27.42% | +81.91% |
GDXD vs. YXI - Expense Ratio Comparison
Both GDXD and YXI have an expense ratio of 0.95%.
Dividends
GDXD vs. YXI - Dividend Comparison
GDXD has not paid dividends to shareholders, while YXI's dividend yield for the trailing twelve months is around 2.85%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
YXI ProShares Short FTSE China 50 | 2.85% | 3.60% | 4.35% | 2.66% | 0.27% | 0.00% | 0.08% | 1.01% | 0.25% |
Frequently Asked Questions
GDXD and YXI have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDXD has higher volatility (47.60%) compared to YXI (7.25%). In terms of maximum drawdown, GDXD dropped -99.96% vs YXI's -81.15%.
On 5-year performance, YXI leads with -2.76% vs -72.97% for GDXD. Both ETFs have the same 0.95% expense ratio. On volatility, YXI has been the lower-risk option at 7.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, YXI has performed better with a -2.76% return vs -72.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GDXD and YXI have the same expense ratio: 0.95% per year.
YXI has the higher dividend yield at 2.85%, compared with 0.00% for GDXD.
GDXD tracks S-Network MicroSectors Gold Miners Index - Benchmark TR Gross (-300%), while YXI tracks FTSE China 50 Net Tax USD (TR) (-100%). They also come from different issuers: BMO and ProShares.
YXI currently has the higher Sharpe Ratio (0.05 vs -0.69), 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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