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 0.23, 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:
0.80
COIN:
-0.37
GDXU:
1.54
COIN:
-0.04
GDXU:
1.19
COIN:
1.00
GDXU:
0.83
COIN:
-0.52
GDXU:
2.73
COIN:
-1.23
GDXU:
27.67%
COIN:
24.74%
GDXU:
94.23%
COIN:
83.43%
GDXU:
-94.39%
COIN:
-90.90%
GDXU:
-81.22%
COIN:
-52.22%
Returns By Period
In the year-to-date period, GDXU achieves a 115.49% return, which is significantly higher than COIN's -31.23% return.
GDXU
115.49%
41.88%
26.64%
64.48%
N/A
N/A
COIN
-31.23%
-19.66%
4.70%
-32.12%
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
The current volatility for MicroSectors Gold Miners 3X Leveraged ETN (GDXU) is 21.23%, while Coinbase Global, Inc. (COIN) has a volatility of 27.85%. This indicates that GDXU experiences smaller price fluctuations and is considered to be less risky than COIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.