GDXU vs. COIN
GDXU (MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040) 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 -10.60%/yr vs -10.02%/yr for COIN. Their 0.22 correlation means their historical movements had little consistent relationship.
Performance
GDXU vs. COIN - Performance Comparison
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Returns By Period
In the year-to-date period, GDXU achieves a -64.09% return, which is significantly lower than COIN's -33.35% return.
GDXU
- 1D
- 7.92%
- 1M
- -8.65%
- 6M
- -72.51%
- YTD
- -64.09%
- 1Y
- 11.75%
- 3Y*
- 37.83%
- 5Y*
- -10.60%
- 10Y*
- —
- ALL TIME*
- -16.49%
COIN
- 1D
- 2.89%
- 1M
- -8.91%
- 6M
- -16.10%
- YTD
- -33.35%
- 1Y
- -52.63%
- 3Y*
- 19.96%
- 5Y*
- -10.02%
- 10Y*
- —
- ALL TIME*
- -16.03%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.28B | $1.17B | $1.47B | |
| $105.89M | $107.55M | $168.52M |
GDXU vs. COIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GDXU MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040 | -64.09% | 796.47% | -18.60% | -21.36% | -62.82% | -38.10% |
COIN Coinbase Global, Inc. | -33.35% | -8.92% | 42.77% | 391.44% | -85.98% | -33.76% |
Correlation
The correlation between GDXU and COIN is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.21 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.22 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 2021 | 0.22 |
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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 ETNs due June 29, 2040 (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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GDXU | COIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.86 | ||
| Sortino ratioReturn per unit of downside risk | +2.27 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.88 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | -0.83 | +0.97 |
| Martin ratioReturn relative to average drawdown | 0.24 | -1.24 | +1.48 |
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Drawdowns
GDXU vs. COIN - Drawdown Comparison
The maximum GDXU drawdown since its inception was -94.39%, roughly equal to the maximum COIN drawdown of -91.46%. 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% | -91.46% | -2.93% |
Max Drawdown (1Y)Largest decline over 1 year | -87.14% | -63.57% | -23.57% |
Max Drawdown (3Y)Largest decline over 3 years | -87.14% | -66.39% | -20.75% |
Max Drawdown (5Y)Largest decline over 5 years | -91.30% | -90.90% | -0.40% |
Current DrawdownCurrent decline from peak | -83.33% | -64.09% | -19.24% |
Average DrawdownAverage peak-to-trough decline | -70.10% | -52.84% | -17.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.21% | 42.54% | +6.67% |
Volatility
GDXU vs. COIN - Volatility Comparison
MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040 (GDXU) has a higher volatility of 38.36% compared to Coinbase Global, Inc. (COIN) at 19.94%. 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 | 38.36% | 19.94% | +18.42% |
Volatility (6M)Calculated over the trailing 6-month period | 117.20% | 54.85% | +62.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 147.65% | 67.74% | +79.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 113.58% | 86.14% | +27.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 111.57% | 85.07% | +26.50% |
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 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDXU has higher volatility (38.36%) compared to COIN (19.94%). In terms of maximum drawdown, GDXU dropped -94.39% vs COIN's -91.46%.
GDXU currently has the higher Sharpe Ratio (0.08 vs -0.78), 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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