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:
0.50
BTC-USD:
2.38
GDXU:
1.29
BTC-USD:
3.04
GDXU:
1.15
BTC-USD:
1.30
GDXU:
0.51
BTC-USD:
2.37
GDXU:
1.88
BTC-USD:
10.81
GDXU:
25.47%
BTC-USD:
11.01%
GDXU:
96.59%
BTC-USD:
43.94%
GDXU:
-94.39%
BTC-USD:
-93.07%
GDXU:
-89.20%
BTC-USD:
-1.58%
Returns By Period
In the year-to-date period, GDXU achieves a 23.84% return, which is significantly higher than BTC-USD's 11.81% return.
GDXU
23.84%
19.70%
-21.85%
46.73%
N/A
N/A
BTC-USD
11.81%
4.42%
56.59%
153.17%
64.37%
85.95%
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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 19.84% compared to Bitcoin (BTC-USD) at 12.88%. 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.