HLS.TO vs. GDXU
HLS.TO (HLS Therapeutics Inc.) is a stock, while GDXU (MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040) is Leveraged Equities fund tracking the S-Network MicroSectors Gold Miners Index. Over the past 5 years, HLS.TO returned -24.57%/yr vs -12.76%/yr for GDXU. At a 0.08 correlation, their price movements are largely independent.
Performance
HLS.TO vs. GDXU - Performance Comparison
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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 -14.73% return, which is significantly higher than GDXU's -71.62% return.
HLS.TO
- 1D
- 0.00%
- 1M
- -5.30%
- 6M
- -12.92%
- YTD
- -14.73%
- 1Y
- -16.12%
- 3Y*
- -12.57%
- 5Y*
- -24.57%
- 10Y*
- —
- ALL TIME*
- -11.14%
GDXU
- 1D
- -2.44%
- 1M
- -41.24%
- 6M
- -80.24%
- YTD
- -71.62%
- 1Y
- 2.09%
- 3Y*
- 20.20%
- 5Y*
- -12.76%
- 10Y*
- —
- ALL TIME*
- -19.18%
HLS.TO vs. GDXU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HLS.TO HLS Therapeutics Inc. | -14.73% | 22.65% | -0.51% | -59.25% | -33.41% | -15.74% | 2.39% |
GDXU MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040 | -71.62% | 755.54% | -11.71% | -23.23% | -60.46% | -54.96% | 2.98% |
Correlation
The correlation between HLS.TO and GDXU is 0.01, 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 | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2020 | 0.08 |
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Return for Risk
HLS.TO vs. GDXU — Risk / Return Rank
HLS.TO
GDXU
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 ETNs due June 29, 2040 (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.
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.
| HLS.TO | GDXU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -1.92 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.14 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.57 | 0.02 | -0.60 |
| Martin ratioReturn relative to average drawdown | -0.95 | 0.05 | -1.00 |
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Drawdowns
HLS.TO vs. GDXU - Drawdown Comparison
The maximum HLS.TO drawdown since its inception was -87.56%, smaller than the maximum GDXU drawdown of -94.06%. Use the drawdown chart below to compare losses from any high point for HLS.TO and GDXU.
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Drawdown Indicators
| HLS.TO | GDXU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.56% | -94.06% | +6.50% |
Max Drawdown (1Y)Largest decline over 1 year | -28.15% | -86.73% | +58.58% |
Max Drawdown (3Y)Largest decline over 3 years | -52.97% | -86.73% | +33.76% |
Max Drawdown (5Y)Largest decline over 5 years | -84.66% | -90.63% | +5.97% |
Current DrawdownCurrent decline from peak | -83.02% | -86.73% | +3.71% |
Average DrawdownAverage peak-to-trough decline | -49.37% | -69.30% | +19.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.93% | 45.70% | -28.77% |
Volatility
HLS.TO vs. GDXU - Volatility Comparison
The current volatility for HLS Therapeutics Inc. (HLS.TO) is 9.15%, while MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040 (GDXU) has a volatility of 34.78%. 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.
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Volatility by Period
| HLS.TO | GDXU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.15% | 34.78% | -25.63% |
Volatility (6M)Calculated over the trailing 6-month period | 14.36% | 126.11% | -111.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.26% | 146.24% | -122.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.88% | 112.96% | -70.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.35% | 111.38% | -65.03% |
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 ETNs due June 29, 2040 | 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% | 1.33% | 1.11% | 0.78% | 0.34% |
Frequently Asked Questions
HLS.TO and GDXU have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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