GDXU vs. SPGI
Compare and contrast key facts about MicroSectors Gold Miners 3X Leveraged ETN (GDXU) and S&P Global Inc. (SPGI).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GDXU or SPGI.
Key characteristics
| GDXU | SPGI | |
|---|---|---|
| YTD Return | 21.41% | -1.83% |
| 1Y Return | -24.74% | 20.88% |
| 3Y Return (Ann) | -43.86% | 5.29% |
| Sharpe Ratio | -0.37 | 1.04 |
| Daily Std Dev | 93.21% | 19.46% |
| Max Drawdown | -94.39% | -74.68% |
| Current Drawdown | -87.00% | -8.01% |
Correlation
The correlation between GDXU and SPGI is 0.22, 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.
Performance
GDXU vs. SPGI - Performance Comparison
In the year-to-date period, GDXU achieves a 21.41% return, which is significantly higher than SPGI's -1.83% 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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Risk-Adjusted Performance
GDXU vs. SPGI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Gold Miners 3X Leveraged ETN (GDXU) and S&P Global Inc. (SPGI). 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. SPGI - Dividend Comparison
GDXU has not paid dividends to shareholders, while SPGI's dividend yield for the trailing twelve months is around 0.84%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDXU MicroSectors Gold Miners 3X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPGI S&P Global Inc. | 0.84% | 0.82% | 0.99% | 0.65% | 0.82% | 0.84% | 1.18% | 0.97% | 1.34% | 1.34% | 1.35% | 1.43% |
Drawdowns
GDXU vs. SPGI - Drawdown Comparison
The maximum GDXU drawdown since its inception was -94.39%, which is greater than SPGI's maximum drawdown of -74.68%. Use the drawdown chart below to compare losses from any high point for GDXU and SPGI. For additional features, visit the drawdowns tool.
Volatility
GDXU vs. SPGI - Volatility Comparison
MicroSectors Gold Miners 3X Leveraged ETN (GDXU) has a higher volatility of 30.25% compared to S&P Global Inc. (SPGI) at 3.73%. This indicates that GDXU's price experiences larger fluctuations and is considered to be riskier than SPGI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.