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GDXU vs. GLD
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between GDXU and GLD is 0.14, 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.


-0.50.00.51.0
Correlation: 0.1

Performance

GDXU vs. GLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors Gold Miners 3X Leveraged ETN (GDXU) and SPDR Gold Trust (GLD). The values are adjusted to include any dividend payments, if applicable.

-100.00%-50.00%0.00%50.00%100.00%NovemberDecember2025FebruaryMarchApril
-72.88%
76.34%
GDXU
GLD

Key characteristics

Sharpe Ratio

GDXU:

0.87

GLD:

2.49

Sortino Ratio

GDXU:

1.66

GLD:

3.30

Omega Ratio

GDXU:

1.21

GLD:

1.43

Calmar Ratio

GDXU:

0.98

GLD:

5.14

Martin Ratio

GDXU:

3.21

GLD:

14.01

Ulcer Index

GDXU:

27.91%

GLD:

2.98%

Daily Std Dev

GDXU:

102.83%

GLD:

16.80%

Max Drawdown

GDXU:

-94.39%

GLD:

-45.56%

Current Drawdown

GDXU:

-78.94%

GLD:

-3.44%

Returns By Period

In the year-to-date period, GDXU achieves a 141.57% return, which is significantly higher than GLD's 25.85% return.


GDXU

YTD

141.57%

1M

18.48%

6M

23.07%

1Y

72.38%

5Y*

N/A

10Y*

N/A

GLD

YTD

25.85%

1M

9.52%

6M

20.29%

1Y

41.13%

5Y*

13.41%

10Y*

10.13%

*Annualized

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GDXU vs. GLD - Expense Ratio Comparison

GDXU has a 0.95% expense ratio, which is higher than GLD's 0.40% expense ratio.


Expense ratio chart for GDXU: current value is 0.95%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
GDXU: 0.95%
Expense ratio chart for GLD: current value is 0.40%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
GLD: 0.40%

Risk-Adjusted Performance

GDXU vs. GLD — Risk-Adjusted Performance Rank

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

GDXU
The Risk-Adjusted Performance Rank of GDXU is 7979
Overall Rank
The Sharpe Ratio Rank of GDXU is 7676
Sharpe Ratio Rank
The Sortino Ratio Rank of GDXU is 8383
Sortino Ratio Rank
The Omega Ratio Rank of GDXU is 8181
Omega Ratio Rank
The Calmar Ratio Rank of GDXU is 8282
Calmar Ratio Rank
The Martin Ratio Rank of GDXU is 7474
Martin Ratio Rank

GLD
The Risk-Adjusted Performance Rank of GLD is 9696
Overall Rank
The Sharpe Ratio Rank of GLD is 9696
Sharpe Ratio Rank
The Sortino Ratio Rank of GLD is 9696
Sortino Ratio Rank
The Omega Ratio Rank of GLD is 9595
Omega Ratio Rank
The Calmar Ratio Rank of GLD is 9797
Calmar Ratio Rank
The Martin Ratio Rank of GLD is 9696
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

GDXU vs. GLD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors Gold Miners 3X Leveraged ETN (GDXU) and SPDR Gold Trust (GLD). 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.


The chart of Sharpe ratio for GDXU, currently valued at 0.87, compared to the broader market-1.000.001.002.003.004.00
GDXU: 0.87
GLD: 2.49
The chart of Sortino ratio for GDXU, currently valued at 1.66, compared to the broader market-2.000.002.004.006.008.00
GDXU: 1.66
GLD: 3.30
The chart of Omega ratio for GDXU, currently valued at 1.21, compared to the broader market0.501.001.502.00
GDXU: 1.21
GLD: 1.43
The chart of Calmar ratio for GDXU, currently valued at 0.98, compared to the broader market0.002.004.006.008.0010.0012.00
GDXU: 0.98
GLD: 5.14
The chart of Martin ratio for GDXU, currently valued at 3.21, compared to the broader market0.0020.0040.0060.00
GDXU: 3.21
GLD: 14.01

The current GDXU Sharpe Ratio is 0.87, which is lower than the GLD Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of GDXU and GLD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.00NovemberDecember2025FebruaryMarchApril
0.87
2.49
GDXU
GLD

Dividends

GDXU vs. GLD - Dividend Comparison

Neither GDXU nor GLD has paid dividends to shareholders.


Tickers have no history of dividend payments

Drawdowns

GDXU vs. GLD - Drawdown Comparison

The maximum GDXU drawdown since its inception was -94.39%, which is greater than GLD's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for GDXU and GLD. For additional features, visit the drawdowns tool.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%NovemberDecember2025FebruaryMarchApril
-78.94%
-3.44%
GDXU
GLD

Volatility

GDXU vs. GLD - Volatility Comparison

MicroSectors Gold Miners 3X Leveraged ETN (GDXU) has a higher volatility of 49.72% compared to SPDR Gold Trust (GLD) at 8.30%. This indicates that GDXU's price experiences larger fluctuations and is considered to be riskier than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%10.00%20.00%30.00%40.00%50.00%NovemberDecember2025FebruaryMarchApril
49.72%
8.30%
GDXU
GLD