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.
Key characteristics
| GDXU | BTC-USD | |
|---|---|---|
| YTD Return | 1.11% | 108.10% |
| 1Y Return | 48.85% | 140.96% |
| 3Y Return (Ann) | -39.33% | 10.91% |
| Sharpe Ratio | 0.45 | 1.10 |
| Sortino Ratio | 1.28 | 1.80 |
| Omega Ratio | 1.15 | 1.18 |
| Calmar Ratio | 0.47 | 0.94 |
| Martin Ratio | 1.93 | 4.49 |
| Ulcer Index | 23.19% | 13.18% |
| Daily Std Dev | 98.73% | 44.51% |
| Max Drawdown | -94.39% | -93.07% |
| Current Drawdown | -89.17% | -0.84% |
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
In the year-to-date period, GDXU achieves a 1.11% return, which is significantly lower than BTC-USD's 108.10% 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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Risk-Adjusted Performance
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 31.86% compared to Bitcoin (BTC-USD) at 16.08%. 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.