GDXU vs. VH2.DE
GDXU (MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040) is Leveraged Equities fund tracking the S-Network MicroSectors Gold Miners Index, while VH2.DE (Friedrich Vorwerk Group SE) is a stock. Over the past 5 years, GDXU returned -14.73%/yr vs 9.33%/yr for VH2.DE. At a 0.18 correlation, their price movements are largely independent.
Performance
GDXU vs. VH2.DE - Performance Comparison
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Different Trading Currencies
GDXU is traded in USD, while VH2.DE is traded in EUR. To make them comparable, the VH2.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, GDXU achieves a -56.00% return, which is significantly lower than VH2.DE's -20.09% return.
GDXU
- 1D
- 8.84%
- 1M
- -50.11%
- YTD
- -56.00%
- 6M
- -55.92%
- 1Y
- 30.95%
- 3Y*
- 37.87%
- 5Y*
- -14.73%
- 10Y*
- —
VH2.DE
- 1D
- 6.60%
- 1M
- -12.70%
- YTD
- -20.09%
- 6M
- -19.45%
- 1Y
- 12.44%
- 3Y*
- 85.88%
- 5Y*
- 9.33%
- 10Y*
- —
GDXU vs. VH2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GDXU MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040 | -56.00% | 796.47% | -18.60% | -21.36% | -62.82% | -25.65% |
VH2.DE Friedrich Vorwerk Group SE | -20.09% | 239.49% | 67.29% | -26.65% | -26.57% | -41.36% |
Correlation
The correlation between GDXU and VH2.DE is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Mar 25, 2021 | 0.18 |
The correlation between GDXU and VH2.DE shifts across timeframes, from 0.09 (1 year) to 0.20 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
GDXU vs. VH2.DE — Risk / Return Rank
GDXU
VH2.DE
GDXU vs. VH2.DE - 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 Friedrich Vorwerk Group SE (VH2.DE). 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 | VH2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.09 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.37 | 0.27 | +0.10 |
| Martin ratioReturn relative to average drawdown | 0.80 | 0.58 | +0.23 |
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Drawdowns
GDXU vs. VH2.DE - Drawdown Comparison
The maximum GDXU drawdown since its inception was -94.39%, which is greater than VH2.DE's maximum drawdown of -84.51%. Use the drawdown chart below to compare losses from any high point for GDXU and VH2.DE.
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Drawdown Indicators
| GDXU | VH2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.39% | -84.51% | -9.88% |
Max Drawdown (1Y)Largest decline over 1 year | -83.97% | -46.42% | -37.55% |
Max Drawdown (3Y)Largest decline over 3 years | -83.97% | -46.42% | -37.55% |
Max Drawdown (5Y)Largest decline over 5 years | -92.44% | -83.17% | -9.27% |
Current DrawdownCurrent decline from peak | -79.58% | -37.98% | -41.60% |
Average DrawdownAverage peak-to-trough decline | -69.77% | -46.85% | -22.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.59% | 21.54% | +17.05% |
Volatility
GDXU vs. VH2.DE - Volatility Comparison
MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040 (GDXU) has a higher volatility of 54.28% compared to Friedrich Vorwerk Group SE (VH2.DE) at 16.41%. This indicates that GDXU's price experiences larger fluctuations and is considered to be riskier than VH2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GDXU | VH2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 54.28% | 16.41% | +37.87% |
Volatility (6M)Calculated over the trailing 6-month period | 123.72% | 41.54% | +82.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 142.00% | 57.75% | +84.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 111.92% | 54.16% | +57.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 110.82% | 53.40% | +57.42% |
Dividends
GDXU vs. VH2.DE - Dividend Comparison
GDXU has not paid dividends to shareholders, while VH2.DE's dividend yield for the trailing twelve months is around 1.69%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GDXU MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VH2.DE Friedrich Vorwerk Group SE | 1.69% | 0.37% | 0.44% | 0.77% | 0.91% |
Frequently Asked Questions
GDXU and VH2.DE have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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