GDXU vs. FUTG

Last updated Jun 5, 2026

GDXU (MicroSectors Gold Miners 3X Leveraged ETN) and FUTG (Leverage Shares 2X Long FUTU Daily ETF) are both Leveraged Equities funds. GDXU is passively managed, while FUTG is actively managed. At a 0.36 correlation, their price movements are largely independent. GDXU charges 0.95%/yr vs 0.75%/yr for FUTG.

Performance

GDXU vs. FUTG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors Gold Miners 3X Leveraged ETN (GDXU) and Leverage Shares 2X Long FUTU Daily ETF (FUTG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GDXU achieves a -41.62% return, which is significantly higher than FUTG's -75.86% return.

GDXU

• 1D: 3.90%
• 1M: -8.04%
• YTD: -41.62%
• 6M: -31.92%
• 1Y: 76.85%
• 3Y*: 47.72%
• 5Y*: -10.23%
• 10Y*: —

FUTG

• 1D: -1.36%
• 1M: -71.11%
• YTD: -75.86%
• 6M: -77.93%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GDXU vs. FUTG - Yearly Performance Comparison

	2026 (YTD)	2025
GDXU MicroSectors Gold Miners 3X Leveraged ETN	-41.62%	11.21%
FUTG Leverage Shares 2X Long FUTU Daily ETF	-75.86%	-0.80%

Correlation

The correlation between GDXU and FUTG is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 15, 2025	0.36

Return for Risk

GDXU vs. FUTG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GDXU

GDXU Risk / Return Rank: 25
GDXU Sharpe Ratio Rank: 19
GDXU Sortino Ratio Rank: 30
GDXU Omega Ratio Rank: 33
GDXU Calmar Ratio Rank: 23
GDXU Martin Ratio Rank: 19

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GDXU vs. FUTG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors Gold Miners 3X Leveraged ETN (GDXU) and Leverage Shares 2X Long FUTU Daily ETF (FUTG). 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	FUTG	Difference
Sharpe ratio: Return per unit of total volatility	0.56	—	—
Sortino ratio: Return per unit of downside risk	1.56	—	—
Omega ratio: Gain probability vs. loss probability	1.22	—	—
Calmar ratio: Return relative to maximum drawdown	1.04	—	—
Martin ratio: Return relative to average drawdown	2.11	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	GDXU	FUTG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.56	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.09	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.08	-0.66	+0.58

Drawdowns

GDXU vs. FUTG - Drawdown Comparison

The maximum GDXU drawdown since its inception was -94.39%, which is greater than FUTG's maximum drawdown of -86.19%. Use the drawdown chart below to compare losses from any high point for GDXU and FUTG.

Drawdown Indicators

	GDXU	FUTG	Difference
Max Drawdown Largest peak-to-trough decline	-94.39%	-86.19%	-8.20%
Max Drawdown (1Y) Largest decline over 1 year	-73.99%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-73.99%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-92.93%	—	—
Current Drawdown Current decline from peak	-72.90%	-84.51%	+11.61%
Average Drawdown Average peak-to-trough decline	-69.77%	-40.62%	-29.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	36.52%	—	—

Volatility

Volatility by Period

	GDXU	FUTG	Difference
Volatility (1M) Calculated over the trailing 1-month period	46.65%	—	—
Volatility (6M) Calculated over the trailing 6-month period	118.08%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	137.54%	135.59%	+1.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	110.85%	135.59%	-24.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	110.00%	135.59%	-25.59%

GDXU vs. FUTG - Expense Ratio Comparison

GDXU has a 0.95% expense ratio, which is higher than FUTG's 0.75% expense ratio.

Dividends

GDXU vs. FUTG - Dividend Comparison

Neither GDXU nor FUTG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GDXU and FUTG in my portfolio?

GDXU and FUTG have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GDXU or FUTG?

On fees, FUTG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GDXU or FUTG?

FUTG is cheaper with a 0.75% expense ratio, compared with 0.95% for GDXU.

Which ETF pays a higher dividend yield, GDXU or FUTG?

GDXU and FUTG have nearly identical dividend yields, around 0.00%.

What is the main difference between GDXU and FUTG?

They also come from different issuers: BMO and Leverage Shares. Their fees differ too: 0.95% for GDXU and 0.75% for FUTG.