HLS.TO vs. GDXU

Last updated Jun 5, 2026

HLS.TO (HLS Therapeutics Inc.) is a stock, while GDXU (MicroSectors Gold Miners 3X Leveraged ETN) is Leveraged Equities fund tracking the S-Network MicroSectors Gold Miners Index. Over the past 5 years, HLS.TO returned -23.72%/yr vs -13.19%/yr for GDXU. At a 0.08 correlation, their price movements are largely independent.

Performance

HLS.TO vs. GDXU - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in HLS Therapeutics Inc. (HLS.TO) and MicroSectors Gold Miners 3X Leveraged ETN (GDXU). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

HLS.TO is traded in CAD, while GDXU is traded in USD. To make them comparable, the GDXU values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, HLS.TO achieves a -8.20% return, which is significantly higher than GDXU's -56.57% return.

HLS.TO

• 1D: -0.11%
• 1M: -5.85%
• YTD: -8.20%
• 6M: -8.95%
• 1Y: -10.43%
• 3Y*: 0.96%
• 5Y*: -23.72%
• 10Y*: 6.69%

GDXU

• 1D: -26.61%
• 1M: -44.26%
• YTD: -56.57%
• 6M: -49.24%
• 1Y: 30.29%
• 3Y*: 34.40%
• 5Y*: -13.19%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HLS.TO vs. GDXU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
HLS.TO HLS Therapeutics Inc.	-8.20%	22.65%	-0.51%	-59.25%	-34.06%	-14.89%	4.77%
GDXU MicroSectors Gold Miners 3X Leveraged ETN	-56.57%	755.35%	-11.61%	-23.09%	-60.17%	-55.34%	3.81%

Correlation

The correlation between HLS.TO and GDXU is 0.02, 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	0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.01
Correlation (5Y) Calculated over the trailing 5-year period	0.09
Correlation (All Time) Calculated using the full available price history since Dec 4, 2020	0.08

Return for Risk

HLS.TO vs. GDXU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HLS.TO

HLS.TO Risk / Return Rank: 24
HLS.TO Sharpe Ratio Rank: 22
HLS.TO Sortino Ratio Rank: 20
HLS.TO Omega Ratio Rank: 19
HLS.TO Calmar Ratio Rank: 28
HLS.TO Martin Ratio Rank: 29

GDXU

GDXU Risk / Return Rank: 18
GDXU Sharpe Ratio Rank: 12
GDXU Sortino Ratio Rank: 23
GDXU Omega Ratio Rank: 26
GDXU Calmar Ratio Rank: 13
GDXU Martin Ratio Rank: 13

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HLS.TO vs. GDXU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HLS Therapeutics Inc. (HLS.TO) and MicroSectors Gold Miners 3X Leveraged ETN (GDXU). 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.

	HLS.TO	GDXU	Difference
Sharpe ratio: Return per unit of total volatility	-0.45	0.22	-0.67
Sortino ratio: Return per unit of downside risk	-0.48	1.25	-1.73
Omega ratio: Gain probability vs. loss probability	0.93	1.17	-0.24
Calmar ratio: Return relative to maximum drawdown	-0.38	0.38	-0.77
Martin ratio: Return relative to average drawdown	-0.67	0.83	-1.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HLS.TO vs. GDXU - Sharpe Ratio Comparison

The current HLS.TO Sharpe Ratio is -0.45, which is lower than the GDXU Sharpe Ratio of 0.22. The chart below compares the historical Sharpe Ratios of HLS.TO and GDXU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HLS.TO	GDXU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.45	0.22	-0.67
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.56	-0.12	-0.44
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.06	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.02	-0.12	+0.14

Drawdowns

HLS.TO vs. GDXU - Drawdown Comparison

The maximum HLS.TO drawdown since its inception was -99.57%, which is greater than GDXU's maximum drawdown of -93.99%. Use the drawdown chart below to compare losses from any high point for HLS.TO and GDXU.

Drawdown Indicators

	HLS.TO	GDXU	Difference
Max Drawdown Largest peak-to-trough decline	-99.57%	-93.99%	-5.58%
Max Drawdown (1Y) Largest decline over 1 year	-25.35%	-79.59%	+54.24%
Max Drawdown (3Y) Largest decline over 3 years	-56.12%	-79.59%	+23.47%
Max Drawdown (5Y) Largest decline over 5 years	-84.66%	-92.07%	+7.41%
Max Drawdown (10Y) Largest decline over 10 years	-87.56%	—	—
Current Drawdown Current decline from peak	-81.72%	-79.59%	-2.13%
Average Drawdown Average peak-to-trough decline	-60.28%	-68.87%	+8.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.52%	36.61%	-22.09%

Volatility

HLS.TO vs. GDXU - Volatility Comparison

The current volatility for HLS Therapeutics Inc. (HLS.TO) is 5.31%, while MicroSectors Gold Miners 3X Leveraged ETN (GDXU) has a volatility of 50.06%. This indicates that HLS.TO experiences smaller price fluctuations and is considered to be less risky than GDXU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HLS.TO	GDXU	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.31%	50.06%	-44.75%
Volatility (6M) Calculated over the trailing 6-month period	12.12%	120.63%	-108.51%
Volatility (1Y) Calculated over the trailing 1-year period	21.66%	138.85%	-117.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.70%	108.47%	-65.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	133.61%	107.63%	+25.98%

Dividends

HLS.TO vs. GDXU - Dividend Comparison

Neither HLS.TO nor GDXU has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%
HLS.TO HLS Therapeutics Inc.	0.00%	0.00%	0.00%	2.53%	2.03%	1.32%	1.11%	0.78%	0.34%

Frequently Asked Questions

Can I hold both HLS.TO and GDXU in my portfolio?

HLS.TO and GDXU have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.