NXT vs. GDXU
NXT (Nextracker 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 3 years, NXT returned 46.10%/yr vs 35.00%/yr for GDXU. At a 0.19 correlation, their price movements are largely independent.
Performance
NXT vs. GDXU - Performance Comparison
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Returns By Period
In the year-to-date period, NXT achieves a 44.24% return, which is significantly higher than GDXU's -57.47% return.
NXT
- 1D
- -4.50%
- 1M
- -0.21%
- YTD
- 44.24%
- 6M
- 40.08%
- 1Y
- 113.26%
- 3Y*
- 46.10%
- 5Y*
- —
- 10Y*
- —
GDXU
- 1D
- -0.54%
- 1M
- -49.20%
- YTD
- -57.47%
- 6M
- -46.20%
- 1Y
- 38.54%
- 3Y*
- 35.00%
- 5Y*
- -14.72%
- 10Y*
- —
NXT vs. GDXU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NXT Nextracker Inc | 44.24% | 138.46% | -22.03% | 53.81% |
GDXU MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040 | -57.47% | 796.47% | -18.60% | -23.14% |
Correlation
The correlation between NXT and GDXU is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2023 | 0.19 |
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Return for Risk
NXT vs. GDXU — Risk / Return Rank
NXT
GDXU
NXT vs. GDXU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nextracker Inc (NXT) 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.
| NXT | GDXU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.48 | ||
| Sortino ratioReturn per unit of downside risk | +1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.18 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 4.90 | 0.48 | +4.41 |
| Martin ratioReturn relative to average drawdown | 10.31 | 1.04 | +9.27 |
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
| NXT | GDXU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.75 | 0.28 | +1.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.13 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | -0.13 | +1.01 |
Drawdowns
NXT vs. GDXU - Drawdown Comparison
The maximum NXT drawdown since its inception was -48.61%, smaller than the maximum GDXU drawdown of -94.39%. Use the drawdown chart below to compare losses from any high point for NXT and GDXU.
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Drawdown Indicators
| NXT | GDXU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.61% | -94.39% | +45.78% |
Max Drawdown (1Y)Largest decline over 1 year | -23.27% | -80.26% | +56.99% |
Max Drawdown (3Y)Largest decline over 3 years | -48.61% | -80.26% | +31.65% |
Max Drawdown (5Y)Largest decline over 5 years | — | -92.93% | — |
Current DrawdownCurrent decline from peak | -19.66% | -80.26% | +60.60% |
Average DrawdownAverage peak-to-trough decline | -15.32% | -69.78% | +54.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.03% | 37.20% | -26.17% |
Volatility
NXT vs. GDXU - Volatility Comparison
The current volatility for Nextracker Inc (NXT) is 28.03%, while MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040 (GDXU) has a volatility of 50.50%. This indicates that NXT 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
| NXT | GDXU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.03% | 50.50% | -22.47% |
Volatility (6M)Calculated over the trailing 6-month period | 49.14% | 122.03% | -72.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.09% | 140.25% | -75.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.66% | 111.49% | -50.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.66% | 110.52% | -49.86% |
Dividends
NXT vs. GDXU - Dividend Comparison
Neither NXT nor GDXU has paid dividends to shareholders.
Frequently Asked Questions
NXT and GDXU have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDXU has higher volatility (50.50%) compared to NXT (28.03%). In terms of maximum drawdown, NXT dropped -48.61% vs GDXU's -94.39%.
NXT currently has the higher Sharpe Ratio (1.75 vs 0.28), 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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