GDXU vs. TYD
GDXU (MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040) and TYD (Direxion Daily 7-10 Year Treasury Bull 3X) are both exchange-traded funds - GDXU is a Leveraged Equities fund tracking the S-Network MicroSectors Gold Miners Index, while TYD is a Leveraged Bonds fund tracking the NYSE 7-10 Year Treasury Bond Index. Both are passively managed. Over the past 5 years, GDXU returned -11.66%/yr vs -14.54%/yr for TYD. At a 0.26 correlation, their price movements are largely independent. GDXU charges 0.95%/yr vs 1.09%/yr for TYD.
Performance
GDXU vs. TYD - Performance Comparison
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Returns By Period
In the year-to-date period, GDXU achieves a -68.01% return, which is significantly lower than TYD's -8.67% return.
GDXU
- 1D
- 15.40%
- 1M
- -31.80%
- 6M
- -80.76%
- YTD
- -68.01%
- 1Y
- 4.23%
- 3Y*
- 23.50%
- 5Y*
- -11.66%
- 10Y*
- —
- ALL TIME*
- -18.29%
TYD
- 1D
- -0.78%
- 1M
- -3.38%
- 6M
- -6.39%
- YTD
- -8.67%
- 1Y
- -3.97%
- 3Y*
- -4.77%
- 5Y*
- -14.54%
- 10Y*
- -5.55%
- ALL TIME*
- 0.96%
GDXU vs. TYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GDXU MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040 | -68.01% | 796.47% | -18.60% | -21.36% | -62.82% | -54.93% | 4.32% |
TYD Direxion Daily 7-10 Year Treasury Bull 3X | -8.67% | 11.68% | -13.89% | -2.87% | -43.32% | -11.36% | 1.14% |
Correlation
The correlation between GDXU and TYD is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2020 | 0.26 |
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Return for Risk
GDXU vs. TYD — Risk / Return Rank
GDXU
TYD
GDXU vs. TYD - 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 Direxion Daily 7-10 Year Treasury Bull 3X (TYD). 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 | TYD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 0.96 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.05 | -0.29 | +0.34 |
| Martin ratioReturn relative to average drawdown | 0.09 | -0.64 | +0.73 |
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Drawdowns
GDXU vs. TYD - Drawdown Comparison
The maximum GDXU drawdown since its inception was -94.39%, which is greater than TYD's maximum drawdown of -64.28%. Use the drawdown chart below to compare losses from any high point for GDXU and TYD.
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Drawdown Indicators
| GDXU | TYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.39% | -64.28% | -30.11% |
Max Drawdown (1Y)Largest decline over 1 year | -87.14% | -13.54% | -73.60% |
Max Drawdown (3Y)Largest decline over 3 years | -87.14% | -22.32% | -64.82% |
Max Drawdown (5Y)Largest decline over 5 years | -91.30% | -59.84% | -31.46% |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.28% | — |
Current DrawdownCurrent decline from peak | -85.15% | -60.31% | -24.84% |
Average DrawdownAverage peak-to-trough decline | -70.00% | -22.22% | -47.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.28% | 6.24% | +40.04% |
Volatility
GDXU vs. TYD - Volatility Comparison
MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040 (GDXU) has a higher volatility of 38.61% compared to Direxion Daily 7-10 Year Treasury Bull 3X (TYD) at 3.93%. This indicates that GDXU's price experiences larger fluctuations and is considered to be riskier than TYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GDXU | TYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 38.61% | 3.93% | +34.68% |
Volatility (6M)Calculated over the trailing 6-month period | 127.15% | 10.30% | +116.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 146.85% | 13.80% | +133.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 113.16% | 22.92% | +90.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 111.49% | 20.20% | +91.29% |
GDXU vs. TYD - Expense Ratio Comparison
GDXU has a 0.95% expense ratio, which is lower than TYD's 1.09% expense ratio.
Dividends
GDXU vs. TYD - Dividend Comparison
GDXU has not paid dividends to shareholders, while TYD's dividend yield for the trailing twelve months is around 3.38%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDXU MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TYD Direxion Daily 7-10 Year Treasury Bull 3X | 3.38% | 2.97% | 3.10% | 2.71% | 0.55% | 0.00% | 9.80% | 0.92% | 1.10% | 0.01% | 6.84% | 1.65% |
Frequently Asked Questions
GDXU and TYD have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDXU has higher volatility (38.61%) compared to TYD (3.93%). In terms of maximum drawdown, GDXU dropped -94.39% vs TYD's -64.28%.
On 5-year performance, GDXU leads with -11.66% vs -14.54% for TYD. On fees, GDXU is cheaper at 0.95% per year. On volatility, TYD has been the lower-risk option at 3.93%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GDXU has performed better with a -11.66% return vs -14.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GDXU is cheaper with a 0.95% expense ratio, compared with 1.09% for TYD.
TYD has the higher dividend yield at 3.38%, compared with 0.00% for GDXU.
GDXU is categorized as Leveraged Equities, while TYD is Leveraged Bonds. GDXU tracks S-Network MicroSectors Gold Miners Index, while TYD tracks NYSE 7-10 Year Treasury Bond Index. They also come from different issuers: BMO and Direxion. Their fees differ too: 0.95% for GDXU and 1.09% for TYD.
GDXU currently has the higher Sharpe Ratio (0.03 vs -0.29), 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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