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 | 21.41% | 43.84% |
1Y Return | -24.74% | 125.15% |
3Y Return (Ann) | -43.86% | 2.20% |
Sharpe Ratio | -0.37 | 4.84 |
Daily Std Dev | 93.21% | 39.16% |
Max Drawdown | -94.39% | -93.07% |
Current Drawdown | -87.00% | -16.82% |
Correlation
The correlation between GDXU and BTC-USD is 0.15, 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 21.41% return, which is significantly lower than BTC-USD's 43.84% 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 30.88% compared to Bitcoin (BTC-USD) at 15.40%. 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.