GDXU vs. IAUM
Compare and contrast key facts about MicroSectors Gold Miners 3X Leveraged ETN (GDXU) and iShares Gold Trust Micro ETF of Benef Interest (IAUM).
GDXU and IAUM 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. IAUM is a passively managed fund by iShares that tracks the performance of the LBMA Gold Price PM ($/ozt). It was launched on Jun 15, 2021. Both GDXU and IAUM 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 IAUM.
Key characteristics
| GDXU | IAUM | |
|---|---|---|
| YTD Return | 6.83% | 26.94% |
| 1Y Return | 53.02% | 35.21% |
| 3Y Return (Ann) | -38.24% | 11.97% |
| Sharpe Ratio | 0.48 | 2.31 |
| Sortino Ratio | 1.30 | 3.06 |
| Omega Ratio | 1.15 | 1.40 |
| Calmar Ratio | 0.50 | 5.66 |
| Martin Ratio | 2.04 | 15.24 |
| Ulcer Index | 23.00% | 2.22% |
| Daily Std Dev | 98.76% | 14.62% |
| Max Drawdown | -94.39% | -20.87% |
| Current Drawdown | -88.56% | -5.97% |
Correlation
The correlation between GDXU and IAUM is 0.78, 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. IAUM - Performance Comparison
In the year-to-date period, GDXU achieves a 6.83% return, which is significantly lower than IAUM's 26.94% 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. IAUM - Expense Ratio Comparison
GDXU has a 0.95% expense ratio, which is higher than IAUM's 0.15% expense ratio.
Risk-Adjusted Performance
GDXU vs. IAUM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Gold Miners 3X Leveraged ETN (GDXU) and iShares Gold Trust Micro ETF of Benef Interest (IAUM). 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. IAUM - Dividend Comparison
Neither GDXU nor IAUM has paid dividends to shareholders.
Drawdowns
GDXU vs. IAUM - Drawdown Comparison
The maximum GDXU drawdown since its inception was -94.39%, which is greater than IAUM's maximum drawdown of -20.87%. Use the drawdown chart below to compare losses from any high point for GDXU and IAUM. For additional features, visit the drawdowns tool.
Volatility
GDXU vs. IAUM - Volatility Comparison
MicroSectors Gold Miners 3X Leveraged ETN (GDXU) has a higher volatility of 31.60% compared to iShares Gold Trust Micro ETF of Benef Interest (IAUM) at 5.26%. This indicates that GDXU's price experiences larger fluctuations and is considered to be riskier than IAUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.