GDXU vs. COIN
GDXU (MicroSectors Gold Miners 3X Leveraged ETN) is Leveraged Equities fund tracking the S-Network MicroSectors Gold Miners Index, while COIN (Coinbase Global, Inc.) is a stock. Over the past 5 years, GDXU returned -10.23%/yr vs -6.43%/yr for COIN. At a 0.20 correlation, their price movements are largely independent.
Performance
GDXU vs. COIN - Performance Comparison
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Returns By Period
In the year-to-date period, GDXU achieves a -41.62% return, which is significantly lower than COIN's -27.42% return.
GDXU
- 1D
- 3.90%
- 1M
- -8.04%
- YTD
- -41.62%
- 6M
- -31.92%
- 1Y
- 76.85%
- 3Y*
- 47.72%
- 5Y*
- -10.23%
- 10Y*
- —
COIN
- 1D
- 0.56%
- 1M
- -17.00%
- YTD
- -27.42%
- 6M
- -40.11%
- 1Y
- -35.89%
- 3Y*
- 40.88%
- 5Y*
- -6.43%
- 10Y*
- —
GDXU vs. COIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GDXU MicroSectors Gold Miners 3X Leveraged ETN | -41.62% | 796.47% | -18.60% | -21.36% | -62.82% | -37.32% |
COIN Coinbase Global, Inc. | -27.42% | -8.92% | 42.77% | 391.44% | -85.98% | -23.12% |
Correlation
The correlation between GDXU and COIN is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 0.20 |
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Return for Risk
GDXU vs. COIN — Risk / Return Rank
GDXU
COIN
GDXU vs. COIN - Risk-Adjusted Trends 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.
| GDXU | COIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.08 | ||
| Sortino ratioReturn per unit of downside risk | +1.99 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 0.95 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.04 | -0.54 | +1.59 |
| Martin ratioReturn relative to average drawdown | 2.11 | -0.90 | +3.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GDXU | COIN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.56 | -0.51 | +1.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | -0.08 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.08 | -0.15 | +0.06 |
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.
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Drawdown Indicators
| GDXU | COIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.39% | -90.90% | -3.49% |
Max Drawdown (1Y)Largest decline over 1 year | -73.99% | -66.39% | -7.60% |
Max Drawdown (3Y)Largest decline over 3 years | -73.99% | -66.39% | -7.60% |
Max Drawdown (5Y)Largest decline over 5 years | -92.93% | -90.90% | -2.03% |
Current DrawdownCurrent decline from peak | -72.90% | -60.90% | -12.00% |
Average DrawdownAverage peak-to-trough decline | -69.77% | -49.84% | -19.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.52% | 39.86% | -3.34% |
Volatility
GDXU vs. COIN - Volatility Comparison
MicroSectors Gold Miners 3X Leveraged ETN (GDXU) has a higher volatility of 46.65% compared to Coinbase Global, Inc. (COIN) at 19.12%. 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.
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Volatility by Period
| GDXU | COIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 46.65% | 19.12% | +27.53% |
Volatility (6M)Calculated over the trailing 6-month period | 118.08% | 50.97% | +67.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 137.54% | 70.03% | +67.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 110.85% | 85.85% | +25.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 110.00% | 85.36% | +24.64% |
Dividends
GDXU vs. COIN - Dividend Comparison
Neither GDXU nor COIN has paid dividends to shareholders.
Frequently Asked Questions
GDXU and COIN have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDXU has higher volatility (46.65%) compared to COIN (19.12%). In terms of maximum drawdown, GDXU dropped -94.39% vs COIN's -90.90%.
GDXU currently has the higher Sharpe Ratio (0.56 vs -0.51), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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