OLA.TO vs. GDXU
OLA.TO (Orla Mining Ltd.) 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, OLA.TO returned 21.76%/yr vs -12.21%/yr for GDXU. A 0.68 correlation means they provide meaningful diversification when combined.
Performance
OLA.TO vs. GDXU - Performance Comparison
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Different Trading Currencies
OLA.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, OLA.TO achieves a -19.10% return, which is significantly higher than GDXU's -55.06% return.
OLA.TO
- 1D
- 3.19%
- 1M
- -25.15%
- YTD
- -19.10%
- 6M
- -17.03%
- 1Y
- -0.44%
- 3Y*
- 41.06%
- 5Y*
- 21.76%
- 10Y*
- —
GDXU
- 1D
- 9.16%
- 1M
- -49.06%
- YTD
- -55.06%
- 6M
- -55.24%
- 1Y
- 34.03%
- 3Y*
- 39.98%
- 5Y*
- -12.21%
- 10Y*
- —
OLA.TO vs. GDXU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
OLA.TO Orla Mining Ltd. | -19.10% | 131.91% | 84.26% | -21.17% | 13.46% | -29.59% | -1.44% |
GDXU MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040 | -55.06% | 755.54% | -11.71% | -23.23% | -60.46% | -54.96% | 2.98% |
Correlation
The correlation between OLA.TO and GDXU is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2020 | 0.68 |
The correlation between OLA.TO and GDXU has been stable across timeframes, ranging from 0.68 to 0.69 - a consistent structural relationship.
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Return for Risk
OLA.TO vs. GDXU — Risk / Return Rank
OLA.TO
GDXU
OLA.TO vs. GDXU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Orla Mining Ltd. (OLA.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.
| OLA.TO | GDXU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.18 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 0.41 | -0.42 |
| Martin ratioReturn relative to average drawdown | -0.02 | 0.89 | -0.91 |
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Drawdowns
OLA.TO vs. GDXU - Drawdown Comparison
The maximum OLA.TO drawdown since its inception was -56.61%, smaller than the maximum GDXU drawdown of -94.06%. Use the drawdown chart below to compare losses from any high point for OLA.TO and GDXU.
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Drawdown Indicators
| OLA.TO | GDXU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.61% | -94.06% | +37.45% |
Max Drawdown (1Y)Largest decline over 1 year | -53.97% | -83.54% | +29.57% |
Max Drawdown (3Y)Largest decline over 3 years | -53.97% | -83.54% | +29.57% |
Max Drawdown (5Y)Largest decline over 5 years | -53.97% | -91.59% | +37.62% |
Current DrawdownCurrent decline from peak | -49.72% | -78.98% | +29.26% |
Average DrawdownAverage peak-to-trough decline | -21.30% | -69.08% | +47.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.42% | 38.39% | -16.97% |
Volatility
OLA.TO vs. GDXU - Volatility Comparison
The current volatility for Orla Mining Ltd. (OLA.TO) is 22.93%, while MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040 (GDXU) has a volatility of 54.36%. This indicates that OLA.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
| OLA.TO | GDXU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.93% | 54.36% | -31.43% |
Volatility (6M)Calculated over the trailing 6-month period | 51.49% | 123.73% | -72.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.11% | 141.91% | -68.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.43% | 111.94% | -53.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.71% | 110.86% | -54.15% |
Dividends
OLA.TO vs. GDXU - Dividend Comparison
OLA.TO's dividend yield for the trailing twelve months is around 0.28%, while GDXU has not paid dividends to shareholders.
| Position | TTM |
|---|---|
GDXU MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040 | 0.00% |
OLA.TO Orla Mining Ltd. | 0.28% |
Frequently Asked Questions
OLA.TO and GDXU have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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