GDXU vs. BTC-USD
Compare and contrast key facts about MicroSectors Gold Miners 3X Leveraged ETN (GDXU) and Bitcoin (BTC-USD).
GDXU is a passively managed fund by BMO Financial Group that tracks the performance of the S-Network MicroSectors Gold Miners Index. It was launched on Dec 2, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GDXU or BTC-USD.
Correlation
The correlation between GDXU and BTC-USD is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GDXU vs. BTC-USD - Performance Comparison
Key characteristics
GDXU:
1.15
BTC-USD:
1.16
GDXU:
1.86
BTC-USD:
1.81
GDXU:
1.24
BTC-USD:
1.18
GDXU:
1.30
BTC-USD:
0.86
GDXU:
4.25
BTC-USD:
5.33
GDXU:
27.87%
BTC-USD:
11.02%
GDXU:
102.56%
BTC-USD:
42.72%
GDXU:
-94.39%
BTC-USD:
-93.07%
GDXU:
-75.58%
BTC-USD:
-20.02%
Returns By Period
In the year-to-date period, GDXU achieves a 180.10% return, which is significantly higher than BTC-USD's -9.13% return.
GDXU
180.10%
34.53%
44.71%
108.86%
N/A
N/A
BTC-USD
-9.13%
2.63%
25.96%
38.54%
63.54%
81.03%
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Risk-Adjusted Performance
GDXU vs. BTC-USD — Risk-Adjusted Performance Rank
GDXU
BTC-USD
GDXU vs. BTC-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Gold Miners 3X Leveraged ETN (GDXU) and Bitcoin (BTC-USD). 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.
Drawdowns
GDXU vs. BTC-USD - Drawdown Comparison
The maximum GDXU drawdown since its inception was -94.39%, roughly equal to the maximum BTC-USD drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for GDXU and BTC-USD. For additional features, visit the drawdowns tool.
Volatility
GDXU vs. BTC-USD - Volatility Comparison
MicroSectors Gold Miners 3X Leveraged ETN (GDXU) has a higher volatility of 47.03% compared to Bitcoin (BTC-USD) at 16.06%. This indicates that GDXU's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.