RTXG vs. GDXU

Last updated Jun 24, 2026

RTXG (Leverage Shares 2X Long RTX Daily ETF) and GDXU (MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040) are both Leveraged Equities funds. RTXG is actively managed, while GDXU is passively managed. Over the past year, RTXG returned 41.48% vs 21.84% for GDXU. At a 0.19 correlation, their price movements are largely independent. RTXG charges 0.75%/yr vs 0.95%/yr for GDXU.

Performance

RTXG vs. GDXU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long RTX Daily ETF (RTXG) and MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040 (GDXU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RTXG achieves a -4.29% return, which is significantly higher than GDXU's -61.33% return.

RTXG

• 1D: 5.07%
• 1M: 9.01%
• YTD: -4.29%
• 6M: -6.71%
• 1Y: 41.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GDXU

• 1D: -14.32%
• 1M: -33.30%
• YTD: -61.33%
• 6M: -67.45%
• 1Y: 21.84%
• 3Y*: 37.86%
• 5Y*: -10.98%
• 10Y*: —

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

RTXG vs. GDXU - Yearly Performance Comparison

	2026 (YTD)	2025
RTXG Leverage Shares 2X Long RTX Daily ETF	-4.29%	60.90%
GDXU MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040	-61.33%	198.93%

Correlation

The correlation between RTXG and GDXU is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (All Time) Calculated using the full available price history since Jun 6, 2025	0.19

Return for Risk

RTXG vs. GDXU — Risk / Return Rank

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

RTXG

RTXG Risk / Return Rank: 26
RTXG Sharpe Ratio Rank: 25
RTXG Sortino Ratio Rank: 28
RTXG Omega Ratio Rank: 27
RTXG Calmar Ratio Rank: 25
RTXG Martin Ratio Rank: 23

GDXU

GDXU Risk / Return Rank: 16
GDXU Sharpe Ratio Rank: 10
GDXU Sortino Ratio Rank: 23
GDXU Omega Ratio Rank: 24
GDXU Calmar Ratio Rank: 11
GDXU Martin Ratio Rank: 11

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.

RTXG vs. GDXU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long RTX Daily ETF (RTXG) 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.

	RTXG	GDXU	Difference
Sharpe ratio: Return per unit of total volatility	0.84	0.15	+0.68
Sortino ratio: Return per unit of downside risk	1.46	1.22	+0.24
Omega ratio: Gain probability vs. loss probability	1.18	1.17	+0.01
Calmar ratio: Return relative to maximum drawdown	1.11	0.26	+0.85
Martin ratio: Return relative to average drawdown	2.78	0.55	+2.23

RTXG vs. GDXU - Sharpe Ratio Comparison

The current RTXG Sharpe Ratio is 0.84, which is higher than the GDXU Sharpe Ratio of 0.15. The chart below compares the historical Sharpe Ratios of RTXG 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.

Drawdowns

RTXG vs. GDXU - Drawdown Comparison

The maximum RTXG drawdown since its inception was -37.49%, smaller than the maximum GDXU drawdown of -94.39%. Use the drawdown chart below to compare losses from any high point for RTXG and GDXU.

Drawdown Indicators

	RTXG	GDXU	Difference
Max Drawdown Largest peak-to-trough decline	-37.49%	-94.39%	+56.90%
Max Drawdown (1Y) Largest decline over 1 year	-37.49%	-83.97%	+46.48%
Max Drawdown (3Y) Largest decline over 3 years	—	-83.97%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-91.30%	—
Current Drawdown Current decline from peak	-26.83%	-82.05%	+55.22%
Average Drawdown Average peak-to-trough decline	-9.63%	-69.80%	+60.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.97%	40.13%	-25.16%

Volatility

RTXG vs. GDXU - Volatility Comparison

The current volatility for Leverage Shares 2X Long RTX Daily ETF (RTXG) is 18.81%, while MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040 (GDXU) has a volatility of 55.17%. This indicates that RTXG 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

	RTXG	GDXU	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.81%	55.17%	-36.36%
Volatility (6M) Calculated over the trailing 6-month period	38.71%	126.35%	-87.64%
Volatility (1Y) Calculated over the trailing 1-year period	50.00%	144.35%	-94.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.19%	112.41%	-62.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.19%	111.26%	-61.07%

RTXG vs. GDXU - Expense Ratio Comparison

RTXG has a 0.75% expense ratio, which is lower than GDXU's 0.95% expense ratio.

Dividends

RTXG vs. GDXU - Dividend Comparison

RTXG's dividend yield for the trailing twelve months is around 6.65%, while GDXU has not paid dividends to shareholders.

Position	TTM	2025
GDXU MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040	0.00%	0.00%
RTXG Leverage Shares 2X Long RTX Daily ETF	6.65%	6.36%

Frequently Asked Questions

Can I hold both RTXG and GDXU in my portfolio?

RTXG and GDXU have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RTXG or GDXU?

GDXU has higher volatility (55.17%) compared to RTXG (18.81%). In terms of maximum drawdown, RTXG dropped -37.49% vs GDXU's -94.39%.

Which ETF is better, RTXG or GDXU?

On 1-year performance, RTXG leads with 41.48% vs 21.84% for GDXU. On fees, RTXG is cheaper at 0.75% per year. On volatility, RTXG has been the lower-risk option at 18.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RTXG or GDXU?

Over the 1-year period, RTXG has performed better with a 41.48% return vs 21.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RTXG or GDXU?

RTXG is cheaper with a 0.75% expense ratio, compared with 0.95% for GDXU.

Which ETF pays a higher dividend yield, RTXG or GDXU?

RTXG has the higher dividend yield at 6.65%, compared with 0.00% for GDXU.

What is the main difference between RTXG and GDXU?

They also come from different issuers: Leverage Shares and BMO. Their fees differ too: 0.75% for RTXG and 0.95% for GDXU.

Which has better risk-adjusted returns?

RTXG currently has the higher Sharpe Ratio (0.83 vs 0.15), 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.