USDU vs. GDXD
USDU (WisdomTree Bloomberg U.S. Dollar Bullish Fund) and GDXD (MicroSectors Gold Miners -3X Inverse Leveraged ETNs) are both exchange-traded funds - USDU is a Currency fund actively managed by WisdomTree, while GDXD is a Inverse Equities fund tracking the S-Network MicroSectors Gold Miners Index - Benchmark TR Gross (-300%). USDU is actively managed, while GDXD is passively managed. Over the past 5 years, USDU returned 5.32%/yr vs -72.92%/yr for GDXD. At a 0.50 correlation, their price movements are largely independent. USDU charges 0.51%/yr vs 0.95%/yr for GDXD.
Performance
USDU vs. GDXD - Performance Comparison
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Returns By Period
In the year-to-date period, USDU achieves a 3.29% return, which is significantly higher than GDXD's -32.04% return.
USDU
- 1D
- 0.00%
- 1M
- 0.53%
- 6M
- 2.54%
- YTD
- 3.29%
- 1Y
- 5.47%
- 3Y*
- 5.91%
- 5Y*
- 5.32%
- 10Y*
- 2.72%
GDXD
- 1D
- 0.89%
- 1M
- 53.89%
- 6M
- 0.93%
- YTD
- -32.04%
- 1Y
- -90.94%
- 3Y*
- -81.43%
- 5Y*
- -72.92%
- 10Y*
- —
USDU vs. GDXD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
USDU WisdomTree Bloomberg U.S. Dollar Bullish Fund | 3.29% | -3.14% | 14.56% | 3.10% | 7.67% | 4.07% | -1.55% |
GDXD MicroSectors Gold Miners -3X Inverse Leveraged ETNs | -32.04% | -97.53% | -57.78% | -52.35% | -52.56% | -19.71% | -13.10% |
Correlation
The correlation between USDU and GDXD is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2020 | 0.50 |
The correlation between USDU and GDXD has been stable across timeframes, ranging from 0.44 to 0.50 - a consistent structural relationship.
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Return for Risk
USDU vs. GDXD — Risk / Return Rank
USDU
GDXD
USDU vs. GDXD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU) and MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD). 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.
| USDU | GDXD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.61 | ||
| Sortino ratioReturn per unit of downside risk | +2.87 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 0.85 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | -0.95 | +2.45 |
| Martin ratioReturn relative to average drawdown | 4.18 | -1.11 | +5.29 |
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Drawdowns
USDU vs. GDXD - Drawdown Comparison
The maximum USDU drawdown since its inception was -14.54%, smaller than the maximum GDXD drawdown of -99.96%. Use the drawdown chart below to compare losses from any high point for USDU and GDXD.
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Drawdown Indicators
| USDU | GDXD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.54% | -99.96% | +85.42% |
Max Drawdown (1Y)Largest decline over 1 year | -3.64% | -96.19% | +92.55% |
Max Drawdown (3Y)Largest decline over 3 years | -7.73% | -99.86% | +92.13% |
Max Drawdown (5Y)Largest decline over 5 years | -9.28% | -99.96% | +90.68% |
Max Drawdown (10Y)Largest decline over 10 years | -14.54% | — | — |
Current DrawdownCurrent decline from peak | -0.91% | -99.91% | +99.00% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -72.40% | +67.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.31% | 81.80% | -80.49% |
Volatility
USDU vs. GDXD - Volatility Comparison
The current volatility for WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU) is 1.25%, while MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD) has a volatility of 35.09%. This indicates that USDU experiences smaller price fluctuations and is considered to be less risky than GDXD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USDU | GDXD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 35.09% | -33.84% |
Volatility (6M)Calculated over the trailing 6-month period | 4.35% | 118.05% | -113.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.60% | 145.23% | -139.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.60% | 112.10% | -105.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.41% | 110.75% | -103.34% |
USDU vs. GDXD - Expense Ratio Comparison
USDU has a 0.51% expense ratio, which is lower than GDXD's 0.95% expense ratio.
Dividends
USDU vs. GDXD - Dividend Comparison
USDU's dividend yield for the trailing twelve months is around 3.71%, while GDXD has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDXD MicroSectors Gold Miners -3X Inverse Leveraged ETNs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USDU WisdomTree Bloomberg U.S. Dollar Bullish Fund | 3.71% | 3.83% | 3.97% | 6.99% | 7.83% | 0.00% | 0.69% | 3.06% | 0.88% | 0.00% | 0.00% | 6.48% |
Frequently Asked Questions
USDU and GDXD have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDXD has higher volatility (35.09%) compared to USDU (1.25%). In terms of maximum drawdown, USDU dropped -14.54% vs GDXD's -99.96%.
On 5-year performance, USDU leads with 5.32% vs -72.92% for GDXD. On fees, USDU is cheaper at 0.51% per year. On volatility, USDU has been the lower-risk option at 1.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, USDU has performed better with a 5.32% return vs -72.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USDU is cheaper with a 0.51% expense ratio, compared with 0.95% for GDXD.
USDU has the higher dividend yield at 3.71%, compared with 0.00% for GDXD.
USDU is categorized as Currency, while GDXD is Inverse Equities. They also come from different issuers: WisdomTree and BMO. Their fees differ too: 0.51% for USDU and 0.95% for GDXD.
USDU currently has the higher Sharpe Ratio (0.98 vs -0.63), 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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