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.
Key characteristics
| GDXU | COIN | |
|---|---|---|
| YTD Return | 34.92% | 46.95% |
| 1Y Return | 83.65% | 189.38% |
| 3Y Return (Ann) | -29.57% | -10.31% |
| Sharpe Ratio | 0.70 | 2.25 |
| Sortino Ratio | 1.52 | 2.87 |
| Omega Ratio | 1.18 | 1.32 |
| Calmar Ratio | 0.72 | 2.48 |
| Martin Ratio | 3.00 | 8.12 |
| Ulcer Index | 22.76% | 23.03% |
| Daily Std Dev | 97.34% | 82.94% |
| Max Drawdown | -94.39% | -90.90% |
| Current Drawdown | -85.55% | -28.49% |
Correlation
The correlation between GDXU and COIN is 0.24, 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
In the year-to-date period, GDXU achieves a 34.92% return, which is significantly lower than COIN's 46.95% 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. 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 26.73%, while Coinbase Global, Inc. (COIN) has a volatility of 37.63%. 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.