GDXU vs. QTJL
GDXU (MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040) and QTJL (Innovator Growth Accelerated Plus ETF - July) are both Leveraged Equities funds. GDXU is passively managed, while QTJL is actively managed. Over the past 5 years, GDXU returned -10.60%/yr vs 9.58%/yr for QTJL. Their 0.23 correlation means their historical movements had little consistent relationship. GDXU charges 0.95%/yr vs 0.79%/yr for QTJL.
Performance
GDXU vs. QTJL - Performance Comparison
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Returns By Period
In the year-to-date period, GDXU achieves a -64.09% return, which is significantly lower than QTJL's 6.39% return.
GDXU
- 1D
- 7.92%
- 1M
- -8.65%
- 6M
- -72.51%
- YTD
- -64.09%
- 1Y
- 11.75%
- 3Y*
- 37.83%
- 5Y*
- -10.60%
- 10Y*
- —
- ALL TIME*
- -16.49%
QTJL
- 1D
- 2.27%
- 1M
- 1.69%
- 6M
- 5.92%
- YTD
- 6.39%
- 1Y
- 14.46%
- 3Y*
- 18.28%
- 5Y*
- 9.58%
- 10Y*
- —
- ALL TIME*
- 10.09%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $105.89M | $107.55M | $168.52M | |
| $269.84K | $352.41K | $212.93K |
GDXU vs. QTJL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GDXU MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040 | -64.09% | 796.47% | -18.60% | -21.36% | -62.82% | -28.85% |
QTJL Innovator Growth Accelerated Plus ETF - July | 6.39% | 21.07% | 16.50% | 42.39% | -30.16% | 9.36% |
Correlation
The correlation between GDXU and QTJL is 0.37, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.37 |
Correlation (3Y) Balances recent behavior with more history. | 0.22 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2021 | 0.23 |
The correlation between GDXU and QTJL shifts across timeframes, from 0.22 (3 years) to 0.37 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GDXU vs. QTJL — Risk / Return Rank
GDXU
QTJL
GDXU vs. QTJL - 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 Innovator Growth Accelerated Plus ETF - July (QTJL). 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 | QTJL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.25 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | 1.71 | -1.58 |
| Martin ratioReturn relative to average drawdown | 0.24 | 8.34 | -8.10 |
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Drawdowns
GDXU vs. QTJL - Drawdown Comparison
The maximum GDXU drawdown since its inception was -94.39%, which is greater than QTJL's maximum drawdown of -33.40%. Use the drawdown chart below to compare losses from any high point for GDXU and QTJL.
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Drawdown Indicators
| GDXU | QTJL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.39% | -33.40% | -60.99% |
Max Drawdown (1Y)Largest decline over 1 year | -87.14% | -8.48% | -78.66% |
Max Drawdown (3Y)Largest decline over 3 years | -87.14% | -22.43% | -64.71% |
Max Drawdown (5Y)Largest decline over 5 years | -91.30% | -33.40% | -57.90% |
Current DrawdownCurrent decline from peak | -83.33% | -1.06% | -82.27% |
Average DrawdownAverage peak-to-trough decline | -70.10% | -7.74% | -62.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.21% | 1.74% | +47.47% |
Volatility
GDXU vs. QTJL - Volatility Comparison
MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040 (GDXU) has a higher volatility of 38.36% compared to Innovator Growth Accelerated Plus ETF - July (QTJL) at 6.74%. This indicates that GDXU's price experiences larger fluctuations and is considered to be riskier than QTJL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GDXU | QTJL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 38.36% | 6.74% | +31.62% |
Volatility (6M)Calculated over the trailing 6-month period | 117.20% | 9.96% | +107.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 147.65% | 11.92% | +135.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 113.58% | 20.47% | +93.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 111.57% | 20.32% | +91.25% |
GDXU vs. QTJL - Expense Ratio Comparison
GDXU has a 0.95% expense ratio, which is higher than QTJL's 0.79% expense ratio.
Dividends
GDXU vs. QTJL - Dividend Comparison
Neither GDXU nor QTJL has paid dividends to shareholders.
Frequently Asked Questions
GDXU and QTJL have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDXU has higher volatility (38.36%) compared to QTJL (6.74%). In terms of maximum drawdown, GDXU dropped -94.39% vs QTJL's -33.40%.
On 5-year performance, QTJL leads with 9.58% vs -10.60% for GDXU. On fees, QTJL is cheaper at 0.79% per year. On volatility, QTJL has been the lower-risk option at 6.74%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, QTJL has performed better with a 9.58% return vs -10.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QTJL is cheaper with a 0.79% expense ratio, compared with 0.95% for GDXU.
GDXU and QTJL have nearly identical dividend yields, around 0.00%.
They also come from different issuers: BMO and Innovator. Their fees differ too: 0.95% for GDXU and 0.79% for QTJL.
QTJL currently has the higher Sharpe Ratio (1.23 vs 0.08), 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.
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