GDXU vs. PTIR

Last updated Aug 1, 2026

GDXU (MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040) and PTIR (GraniteShares 2x Long PLTR Daily ETF) are both Leveraged Equities funds - GDXU tracks the S-Network MicroSectors Gold Miners Index while PTIR tracks the Palantir Technologies Inc. (200%). Both are passively managed. Over the past year, GDXU returned 12.97% vs -58.75% for PTIR. Their 0.11 correlation means their historical movements had little consistent relationship. GDXU charges 0.95%/yr vs 1.04%/yr for PTIR.

Performance

GDXU vs. PTIR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040 (GDXU) and GraniteShares 2x Long PLTR Daily ETF (PTIR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GDXU achieves a -69.22% return, which is significantly lower than PTIR's -62.18% return.

GDXU

• 1D: -10.43%
• 1M: -11.49%
• 6M: -73.59%
• YTD: -69.22%
• 1Y: 12.97%
• 3Y*: 27.81%
• 5Y*: -14.38%
• 10Y*: —
• ALL TIME*: -18.76%

PTIR

• 1D: 1.20%
• 1M: -6.82%
• 6M: -43.20%
• YTD: -62.18%
• 1Y: -58.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 164.95%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GDXU MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040	$99.61M	$115.40M	$172.82M
PTIR GraniteShares 2x Long PLTR Daily ETF	$34.43M	$50.90M	$65.92M

GDXU vs. PTIR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GDXU MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040	-69.22%	796.47%	-29.46%
PTIR GraniteShares 2x Long PLTR Daily ETF	-62.18%	221.36%	425.36%

Correlation

The correlation between GDXU and PTIR is 0.22, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.22
Correlation (All Time) Calculated using the full available price history since Sep 4, 2024	0.11

The correlation between GDXU and PTIR shifts across timeframes, from 0.11 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.

GDXU vs. PTIR - Sectors Allocation Comparison

Sectors	GDXU	PTIR
Basic Materials	100.0%	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	100.0%
Utilities	-	-

Return for Risk

GDXU vs. PTIR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GDXU

GDXU Risk / Return Rank: 20
GDXU Sharpe Ratio Rank: 12
GDXU Sortino Ratio Rank: 31
GDXU Omega Ratio Rank: 33
GDXU Calmar Ratio Rank: 13
GDXU Martin Ratio Rank: 13

PTIR

PTIR Risk / Return Rank: 4
PTIR Sharpe Ratio Rank: 4
PTIR Sortino Ratio Rank: 6
PTIR Omega Ratio Rank: 6
PTIR Calmar Ratio Rank: 3
PTIR Martin Ratio Rank: 3

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GDXU vs. PTIR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040 (GDXU) and GraniteShares 2x Long PLTR Daily ETF (PTIR). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GDXU	PTIR	Difference
Sharpe ratio: Return per unit of total volatility	0.09	-0.56	+0.65
Sortino ratio: Return per unit of downside risk	1.17	-0.43	+1.61
Omega ratio: Gain probability vs. loss probability	1.15	0.95	+0.21
Calmar ratio: Return relative to maximum drawdown	0.15	-0.74	+0.89
Martin ratio: Return relative to average drawdown	0.27	-1.21	+1.48

GDXU vs. PTIR - Sharpe Ratio Comparison

The current GDXU Sharpe Ratio is 0.09, which is higher than the PTIR Sharpe Ratio of -0.56. The chart below compares the historical Sharpe Ratios of GDXU and PTIR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GDXU vs. PTIR - Drawdown Comparison

The maximum GDXU drawdown since its inception was -94.39%, which is greater than PTIR's maximum drawdown of -79.40%. Use the drawdown chart below to compare losses from any high point for GDXU and PTIR.

Drawdown Indicators

	GDXU	PTIR	Difference
Max Drawdown Largest peak-to-trough decline	-94.39%	-79.40%	-14.99%
Max Drawdown (1Y) Largest decline over 1 year	-87.14%	-79.40%	-7.74%
Max Drawdown (3Y) Largest decline over 3 years	-87.14%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-91.30%	—	—
Current Drawdown Current decline from peak	-85.71%	-73.93%	-11.78%
Average Drawdown Average peak-to-trough decline	-70.08%	-31.05%	-39.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	48.64%	48.56%	+0.08%

Volatility

GDXU vs. PTIR - Volatility Comparison

MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040 (GDXU) has a higher volatility of 38.79% compared to GraniteShares 2x Long PLTR Daily ETF (PTIR) at 27.36%. This indicates that GDXU's price experiences larger fluctuations and is considered to be riskier than PTIR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GDXU	PTIR	Difference
Volatility (1M) Calculated over the trailing 1-month period	38.79%	27.36%	+11.43%
Volatility (6M) Calculated over the trailing 6-month period	125.93%	81.50%	+44.43%
Volatility (1Y) Calculated over the trailing 1-year period	147.32%	104.45%	+42.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	113.44%	127.66%	-14.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	111.56%	127.66%	-16.10%

GDXU vs. PTIR - Expense Ratio Comparison

GDXU has a 0.95% expense ratio, which is lower than PTIR's 1.04% expense ratio.

Dividends

GDXU vs. PTIR - Dividend Comparison

GDXU has not paid dividends to shareholders, while PTIR's dividend yield for the trailing twelve months is around 15.36%.

Position	TTM	2025
GDXU MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040	0.00%	0.00%
PTIR GraniteShares 2x Long PLTR Daily ETF	15.36%	5.81%

Frequently Asked Questions

Can I hold both GDXU and PTIR in my portfolio?

GDXU and PTIR have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GDXU or PTIR?

GDXU has higher volatility (38.79%) compared to PTIR (27.36%). In terms of maximum drawdown, GDXU dropped -94.39% vs PTIR's -79.40%.

Which ETF is better, GDXU or PTIR?

On 1-year performance, GDXU leads with 12.97% vs -58.75% for PTIR. On fees, GDXU is cheaper at 0.95% per year. On volatility, PTIR has been the lower-risk option at 27.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GDXU or PTIR?

Over the 1-year period, GDXU has performed better with a 12.97% return vs -58.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GDXU or PTIR?

GDXU is cheaper with a 0.95% expense ratio, compared with 1.04% for PTIR.

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

PTIR has the higher dividend yield at 15.36%, compared with 0.00% for GDXU.

What is the main difference between GDXU and PTIR?

GDXU tracks S-Network MicroSectors Gold Miners Index, while PTIR tracks Palantir Technologies Inc. (200%). They also come from different issuers: BMO and GraniteShares. Their fees differ too: 0.95% for GDXU and 1.04% for PTIR.

Which has better risk-adjusted returns?

GDXU currently has the higher Sharpe Ratio (0.09 vs -0.56), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.