GDXU vs. GDXD
Compare and contrast key facts about MicroSectors Gold Miners 3X Leveraged ETN (GDXU) and MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD).
GDXU and GDXD 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. GDXD is a passively managed fund by BMO Financial Group that tracks the performance of the S-Network MicroSectors Gold Miners Index - Benchmark TR Gross (-300%). It was launched on Dec 2, 2020. Both GDXU and GDXD 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 GDXD.
Key characteristics
| GDXU | GDXD | |
|---|---|---|
| YTD Return | 1.11% | -61.33% |
| 1Y Return | 48.85% | -77.47% |
| 3Y Return (Ann) | -39.33% | -53.11% |
| Sharpe Ratio | 0.45 | -0.79 |
| Sortino Ratio | 1.28 | -1.37 |
| Omega Ratio | 1.15 | 0.85 |
| Calmar Ratio | 0.47 | -0.79 |
| Martin Ratio | 1.93 | -1.26 |
| Ulcer Index | 23.19% | 61.29% |
| Daily Std Dev | 98.73% | 97.60% |
| Max Drawdown | -94.39% | -97.02% |
| Current Drawdown | -89.17% | -94.88% |
Correlation
The correlation between GDXU and GDXD is -0.99. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
GDXU vs. GDXD - Performance Comparison
In the year-to-date period, GDXU achieves a 1.11% return, which is significantly higher than GDXD's -61.33% 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. GDXD - Expense Ratio Comparison
Both GDXU and GDXD have an expense ratio of 0.95%.
Risk-Adjusted Performance
GDXU vs. GDXD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Gold Miners 3X Leveraged ETN (GDXU) and MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD). 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. GDXD - Dividend Comparison
Neither GDXU nor GDXD has paid dividends to shareholders.
Drawdowns
GDXU vs. GDXD - Drawdown Comparison
The maximum GDXU drawdown since its inception was -94.39%, roughly equal to the maximum GDXD drawdown of -97.02%. Use the drawdown chart below to compare losses from any high point for GDXU and GDXD. For additional features, visit the drawdowns tool.
Volatility
GDXU vs. GDXD - Volatility Comparison
MicroSectors Gold Miners 3X Leveraged ETN (GDXU) and MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD) have volatilities of 31.79% and 30.58%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.