USAR vs. GDXU

Last updated Jun 13, 2026

USAR (USA Rare Earth, 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 year, USAR returned 51.34% vs 30.95% for GDXU. At a 0.23 correlation, their price movements are largely independent.

Performance

USAR vs. GDXU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USA Rare Earth, Inc (USAR) 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, USAR achieves a 84.79% return, which is significantly higher than GDXU's -56.00% return.

USAR

• 1D: -2.53%
• 1M: -13.49%
• YTD: 84.79%
• 6M: 29.05%
• 1Y: 51.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GDXU

• 1D: 8.84%
• 1M: -50.11%
• YTD: -56.00%
• 6M: -55.92%
• 1Y: 30.95%
• 3Y*: 37.87%
• 5Y*: -14.73%
• 10Y*: —

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

USAR vs. GDXU - Yearly Performance Comparison

	2026 (YTD)	2025
USAR USA Rare Earth, Inc	84.79%	16.32%
GDXU MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040	-56.00%	378.70%

Correlation

The correlation between USAR and GDXU is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (All Time) Calculated using the full available price history since Mar 14, 2025	0.23

Return for Risk

USAR vs. GDXU — Risk / Return Rank

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

USAR

USAR Risk / Return Rank: 61
USAR Sharpe Ratio Rank: 58
USAR Sortino Ratio Rank: 69
USAR Omega Ratio Rank: 63
USAR Calmar Ratio Rank: 59
USAR Martin Ratio Rank: 56

GDXU

GDXU Risk / Return Rank: 19
GDXU Sharpe Ratio Rank: 13
GDXU Sortino Ratio Rank: 26
GDXU Omega Ratio Rank: 29
GDXU Calmar Ratio Rank: 14
GDXU Martin Ratio Rank: 14

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.

USAR vs. GDXU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USA Rare Earth, Inc (USAR) 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.

	USAR	GDXU	Difference
Sharpe ratio: Return per unit of total volatility	0.42	0.22	+0.20
Sortino ratio: Return per unit of downside risk	1.55	1.27	+0.28
Omega ratio: Gain probability vs. loss probability	1.17	1.18	-0.01
Calmar ratio: Return relative to maximum drawdown	0.75	0.37	+0.37
Martin ratio: Return relative to average drawdown	1.22	0.80	+0.42

USAR vs. GDXU - Sharpe Ratio Comparison

The current USAR Sharpe Ratio is 0.42, which is higher than the GDXU Sharpe Ratio of 0.22. The chart below compares the historical Sharpe Ratios of USAR 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

USAR vs. GDXU - Drawdown Comparison

The maximum USAR drawdown since its inception was -69.23%, smaller than the maximum GDXU drawdown of -94.39%. Use the drawdown chart below to compare losses from any high point for USAR and GDXU.

Drawdown Indicators

	USAR	GDXU	Difference
Max Drawdown Largest peak-to-trough decline	-69.23%	-94.39%	+25.16%
Max Drawdown (1Y) Largest decline over 1 year	-69.23%	-83.97%	+14.74%
Max Drawdown (3Y) Largest decline over 3 years	—	-83.97%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-92.44%	—
Current Drawdown Current decline from peak	-43.15%	-79.58%	+36.43%
Average Drawdown Average peak-to-trough decline	-40.87%	-69.77%	+28.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	42.21%	38.59%	+3.62%

Volatility

USAR vs. GDXU - Volatility Comparison

The current volatility for USA Rare Earth, Inc (USAR) is 35.87%, while MicroSectors Gold Miners 3X Leveraged ETNs due June 29, 2040 (GDXU) has a volatility of 54.28%. This indicates that USAR 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

	USAR	GDXU	Difference
Volatility (1M) Calculated over the trailing 1-month period	35.87%	54.28%	-18.41%
Volatility (6M) Calculated over the trailing 6-month period	80.93%	123.72%	-42.79%
Volatility (1Y) Calculated over the trailing 1-year period	123.13%	142.00%	-18.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	158.43%	111.92%	+46.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	158.43%	110.82%	+47.61%

Dividends

USAR vs. GDXU - Dividend Comparison

Neither USAR nor GDXU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both USAR and GDXU in my portfolio?

USAR and GDXU have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USAR or GDXU?

GDXU has higher volatility (54.28%) compared to USAR (35.87%). In terms of maximum drawdown, USAR dropped -69.23% vs GDXU's -94.39%.

Which has better risk-adjusted returns?

USAR currently has the higher Sharpe Ratio (0.42 vs 0.22), 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.