GDXU vs. COIN
Compare and contrast key facts about MicroSectors Gold Miners 3X Leveraged ETN (GDXU) and Coinbase Global, Inc. (COIN).
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 COIN.
Correlation
The correlation between GDXU and COIN is 0.30, 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. COIN - Performance Comparison
Key characteristics
GDXU:
0.87
COIN:
-0.13
GDXU:
1.66
COIN:
0.42
GDXU:
1.21
COIN:
1.05
GDXU:
0.98
COIN:
-0.19
GDXU:
3.21
COIN:
-0.42
GDXU:
27.91%
COIN:
26.76%
GDXU:
102.83%
COIN:
84.25%
GDXU:
-94.39%
COIN:
-90.90%
GDXU:
-78.94%
COIN:
-41.34%
Returns By Period
In the year-to-date period, GDXU achieves a 141.57% return, which is significantly higher than COIN's -15.57% return.
GDXU
141.57%
18.48%
23.07%
72.38%
N/A
N/A
COIN
-15.57%
8.09%
2.24%
-6.25%
N/A
N/A
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Risk-Adjusted Performance
GDXU vs. COIN — Risk-Adjusted Performance Rank
GDXU
COIN
GDXU vs. COIN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Gold Miners 3X Leveraged ETN (GDXU) and Coinbase Global, Inc. (COIN). 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.
Dividends
GDXU vs. COIN - Dividend Comparison
Neither GDXU nor COIN has paid dividends to shareholders.
Drawdowns
GDXU vs. COIN - Drawdown Comparison
The maximum GDXU drawdown since its inception was -94.39%, roughly equal to the maximum COIN drawdown of -90.90%. Use the drawdown chart below to compare losses from any high point for GDXU and COIN. For additional features, visit the drawdowns tool.
Volatility
GDXU vs. COIN - Volatility Comparison
MicroSectors Gold Miners 3X Leveraged ETN (GDXU) has a higher volatility of 49.72% compared to Coinbase Global, Inc. (COIN) at 24.74%. This indicates that GDXU's price experiences larger fluctuations and is considered to be riskier than COIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.