GDXU vs. GDX
Compare and contrast key facts about MicroSectors Gold Miners 3X Leveraged ETN (GDXU) and VanEck Vectors Gold Miners ETF (GDX).
GDXU and GDX 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. GDX is a passively managed fund by VanEck that tracks the performance of the NYSE Arca Gold Miners Index. It was launched on May 22, 2006. Both GDXU and GDX 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 GDX.
Key characteristics
| GDXU | GDX | |
|---|---|---|
| YTD Return | -3.83% | 14.67% |
| 1Y Return | 23.45% | 27.58% |
| 3Y Return (Ann) | -40.30% | 2.47% |
| Sharpe Ratio | 0.42 | 1.05 |
| Sortino Ratio | 1.24 | 1.56 |
| Omega Ratio | 1.15 | 1.19 |
| Calmar Ratio | 0.44 | 0.60 |
| Martin Ratio | 1.78 | 4.42 |
| Ulcer Index | 23.39% | 7.62% |
| Daily Std Dev | 98.82% | 32.21% |
| Max Drawdown | -94.39% | -80.57% |
| Current Drawdown | -89.70% | -40.04% |
Correlation
The correlation between GDXU and GDX is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GDXU vs. GDX - Performance Comparison
In the year-to-date period, GDXU achieves a -3.83% return, which is significantly lower than GDX's 14.67% 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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GDXU vs. GDX - Expense Ratio Comparison
GDXU has a 0.95% expense ratio, which is higher than GDX's 0.53% expense ratio.
Risk-Adjusted Performance
GDXU vs. GDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Gold Miners 3X Leveraged ETN (GDXU) and VanEck Vectors Gold Miners ETF (GDX). 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. GDX - Dividend Comparison
GDXU has not paid dividends to shareholders, while GDX's dividend yield for the trailing twelve months is around 1.41%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDXU MicroSectors Gold Miners 3X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GDX VanEck Vectors Gold Miners ETF | 1.41% | 1.61% | 1.66% | 1.67% | 0.53% | 0.65% | 0.50% | 0.76% | 0.26% | 0.85% | 0.66% | 0.90% |
Drawdowns
GDXU vs. GDX - Drawdown Comparison
The maximum GDXU drawdown since its inception was -94.39%, which is greater than GDX's maximum drawdown of -80.57%. Use the drawdown chart below to compare losses from any high point for GDXU and GDX. For additional features, visit the drawdowns tool.
Volatility
GDXU vs. GDX - Volatility Comparison
MicroSectors Gold Miners 3X Leveraged ETN (GDXU) has a higher volatility of 31.42% compared to VanEck Vectors Gold Miners ETF (GDX) at 10.39%. This indicates that GDXU's price experiences larger fluctuations and is considered to be riskier than GDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.