GDXU vs. FAS
Compare and contrast key facts about MicroSectors Gold Miners 3X Leveraged ETN (GDXU) and Direxion Daily Financial Bull 3X Shares (FAS).
GDXU and FAS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. FAS is a passively managed fund by Direxion that tracks the performance of the Russell 1000 Financial Services Index (300%). It was launched on Nov 6, 2008. Both GDXU and FAS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GDXU or FAS.
Key characteristics
| GDXU | FAS | |
|---|---|---|
| YTD Return | 1.11% | 103.28% |
| 1Y Return | 48.85% | 177.87% |
| 3Y Return (Ann) | -39.33% | 6.63% |
| Sharpe Ratio | 0.45 | 4.30 |
| Sortino Ratio | 1.28 | 4.47 |
| Omega Ratio | 1.15 | 1.58 |
| Calmar Ratio | 0.47 | 2.98 |
| Martin Ratio | 1.93 | 28.78 |
| Ulcer Index | 23.19% | 6.12% |
| Daily Std Dev | 98.73% | 40.96% |
| Max Drawdown | -94.39% | -94.81% |
| Current Drawdown | -89.17% | -0.90% |
Correlation
The correlation between GDXU and FAS is 0.26, 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. FAS - Performance Comparison
In the year-to-date period, GDXU achieves a 1.11% return, which is significantly lower than FAS's 103.28% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
GDXU vs. FAS - Expense Ratio Comparison
GDXU has a 0.95% expense ratio, which is lower than FAS's 1.00% expense ratio.
Risk-Adjusted Performance
GDXU vs. FAS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Gold Miners 3X Leveraged ETN (GDXU) and Direxion Daily Financial Bull 3X Shares (FAS). 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. FAS - Dividend Comparison
GDXU has not paid dividends to shareholders, while FAS's dividend yield for the trailing twelve months is around 0.80%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
GDXU MicroSectors Gold Miners 3X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FAS Direxion Daily Financial Bull 3X Shares | 0.80% | 1.77% | 0.91% | 0.60% | 0.47% | 0.62% | 1.43% | 0.11% |
Drawdowns
GDXU vs. FAS - Drawdown Comparison
The maximum GDXU drawdown since its inception was -94.39%, roughly equal to the maximum FAS drawdown of -94.81%. Use the drawdown chart below to compare losses from any high point for GDXU and FAS. For additional features, visit the drawdowns tool.
Volatility
GDXU vs. FAS - Volatility Comparison
MicroSectors Gold Miners 3X Leveraged ETN (GDXU) has a higher volatility of 31.79% compared to Direxion Daily Financial Bull 3X Shares (FAS) at 20.34%. This indicates that GDXU's price experiences larger fluctuations and is considered to be riskier than FAS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.