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:
0.96
BTC-USD:
1.41
GDXU:
1.68
BTC-USD:
2.09
GDXU:
1.20
BTC-USD:
1.21
GDXU:
0.98
BTC-USD:
1.24
GDXU:
3.32
BTC-USD:
8.17
GDXU:
27.32%
BTC-USD:
8.95%
GDXU:
95.11%
BTC-USD:
43.72%
GDXU:
-94.39%
BTC-USD:
-93.07%
GDXU:
-85.67%
BTC-USD:
-15.25%
Returns By Period
In the year-to-date period, GDXU achieves a 64.35% return, which is significantly higher than BTC-USD's -3.71% return.
GDXU
64.35%
4.61%
14.69%
79.25%
N/A
N/A
BTC-USD
-3.71%
-8.08%
60.19%
36.09%
58.79%
77.51%
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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 26.61% compared to Bitcoin (BTC-USD) at 18.17%. 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.