GDXU vs. USLV.L
Compare and contrast key facts about MicroSectors Gold Miners 3X Leveraged ETN (GDXU) and SPDR S&P 500 Low Volatility UCITS ETF (USLV.L).
GDXU and USLV.L 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 that tracks the performance of the S-Network MicroSectors Gold Miners Index. It was launched on Dec 2, 2020. USLV.L is a passively managed fund by State Street that tracks the performance of the S&P 500 Low Volatility Index. It was launched on Oct 3, 2012. Both GDXU and USLV.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
GDXU vs. USLV.L - Performance Comparison
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GDXU vs. USLV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GDXU MicroSectors Gold Miners 3X Leveraged ETN | -6.09% | 796.47% | -18.60% | -21.36% | -62.82% | -54.93% | 4.66% |
USLV.L SPDR S&P 500 Low Volatility UCITS ETF | 2.25% | 4.68% | 13.57% | -1.09% | -4.51% | 24.89% | 1.22% |
Different Trading Currencies
GDXU is traded in USD, while USLV.L is traded in GBP. To make them comparable, the USLV.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, GDXU achieves a -6.09% return, which is significantly lower than USLV.L's 2.25% return.
GDXU
- 1D
- 13.62%
- 1M
- -51.51%
- YTD
- -6.09%
- 6M
- 8.92%
- 1Y
- 287.76%
- 3Y*
- 63.33%
- 5Y*
- 6.19%
- 10Y*
- —
USLV.L
- 1D
- 0.60%
- 1M
- -5.47%
- YTD
- 2.25%
- 6M
- 1.02%
- 1Y
- -0.22%
- 3Y*
- 7.58%
- 5Y*
- 6.43%
- 10Y*
- 7.87%
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GDXU vs. USLV.L - Expense Ratio Comparison
GDXU has a 0.95% expense ratio, which is higher than USLV.L's 0.35% expense ratio.
Return for Risk
GDXU vs. USLV.L — Risk / Return Rank
GDXU
USLV.L
GDXU vs. USLV.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Gold Miners 3X Leveraged ETN (GDXU) and SPDR S&P 500 Low Volatility UCITS ETF (USLV.L). 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.
| GDXU | USLV.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.07 | -0.02 | +2.08 |
Sortino ratioReturn per unit of downside risk | 2.39 | 0.06 | +2.32 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.01 | +0.34 |
Calmar ratioReturn relative to maximum drawdown | 3.87 | -0.07 | +3.94 |
Martin ratioReturn relative to average drawdown | 10.85 | -0.23 | +11.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GDXU | USLV.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.07 | -0.02 | +2.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 0.52 | -0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.57 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 0.71 | -0.72 |
Correlation
The correlation between GDXU and USLV.L is 0.19, 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.
Dividends
GDXU vs. USLV.L - Dividend Comparison
Neither GDXU nor USLV.L has paid dividends to shareholders.
Drawdowns
GDXU vs. USLV.L - Drawdown Comparison
The maximum GDXU drawdown since its inception was -94.39%, which is greater than USLV.L's maximum drawdown of -35.51%. Use the drawdown chart below to compare losses from any high point for GDXU and USLV.L.
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Drawdown Indicators
| GDXU | USLV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.39% | -27.37% | -67.02% |
Max Drawdown (1Y)Largest decline over 1 year | -73.16% | -8.66% | -64.50% |
Max Drawdown (5Y)Largest decline over 5 years | -93.34% | -14.56% | -78.78% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.37% | — |
Current DrawdownCurrent decline from peak | -56.42% | -5.12% | -51.30% |
Average DrawdownAverage peak-to-trough decline | -69.97% | -5.15% | -64.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.08% | 4.10% | +21.98% |
Volatility
GDXU vs. USLV.L - Volatility Comparison
MicroSectors Gold Miners 3X Leveraged ETN (GDXU) has a higher volatility of 53.09% compared to SPDR S&P 500 Low Volatility UCITS ETF (USLV.L) at 3.17%. This indicates that GDXU's price experiences larger fluctuations and is considered to be riskier than USLV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GDXU | USLV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 53.09% | 3.17% | +49.92% |
Volatility (6M)Calculated over the trailing 6-month period | 122.23% | 6.86% | +115.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 140.32% | 12.91% | +127.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 109.02% | 12.31% | +96.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 109.02% | 13.70% | +95.32% |