USLV.L vs. GDXU
Compare and contrast key facts about SPDR S&P 500 Low Volatility UCITS ETF (USLV.L) and MicroSectors Gold Miners 3X Leveraged ETN (GDXU).
USLV.L and GDXU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. USLV.L is a passively managed fund by State Street that tracks the performance of the S&P 500 Low Volatility Index. It was launched on Oct 3, 2012. GDXU is a passively managed fund by BMO that tracks the performance of the S-Network MicroSectors Gold Miners Index. It was launched on Dec 2, 2020. Both USLV.L and GDXU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
USLV.L vs. GDXU - Performance Comparison
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USLV.L vs. GDXU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
USLV.L SPDR S&P 500 Low Volatility UCITS ETF | 3.41% | -2.67% | 15.49% | -6.05% | 6.92% | 26.04% | -0.37% |
GDXU MicroSectors Gold Miners 3X Leveraged ETN | -4.54% | 732.60% | -17.18% | -25.29% | -58.40% | -54.51% | 3.03% |
Different Trading Currencies
USLV.L is traded in GBP, while GDXU is traded in USD. To make them comparable, the GDXU values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, USLV.L achieves a 3.41% return, which is significantly higher than GDXU's -4.54% return.
USLV.L
- 1D
- -0.06%
- 1M
- -4.75%
- YTD
- 3.41%
- 6M
- 2.32%
- 1Y
- -3.09%
- 3Y*
- 4.89%
- 5Y*
- 7.26%
- 10Y*
- 8.60%
GDXU
- 1D
- 0.00%
- 1M
- -33.91%
- YTD
- -4.54%
- 6M
- 11.00%
- 1Y
- 281.72%
- 3Y*
- 56.87%
- 5Y*
- 7.09%
- 10Y*
- —
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USLV.L vs. GDXU - Expense Ratio Comparison
USLV.L has a 0.35% expense ratio, which is lower than GDXU's 0.95% expense ratio.
Return for Risk
USLV.L vs. GDXU — Risk / Return Rank
USLV.L
GDXU
USLV.L vs. GDXU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 500 Low Volatility UCITS ETF (USLV.L) and MicroSectors Gold Miners 3X Leveraged ETN (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.
| USLV.L | GDXU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.25 | 2.06 | -2.31 |
Sortino ratioReturn per unit of downside risk | -0.26 | 2.37 | -2.63 |
Omega ratioGain probability vs. loss probability | 0.97 | 1.35 | -0.38 |
Calmar ratioReturn relative to maximum drawdown | -0.41 | 3.85 | -4.26 |
Martin ratioReturn relative to average drawdown | -0.72 | 10.81 | -11.53 |
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
| USLV.L | GDXU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.25 | 2.06 | -2.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.07 | +0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | -0.01 | +0.81 |
Correlation
The correlation between USLV.L and GDXU is -0.07. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
USLV.L vs. GDXU - Dividend Comparison
Neither USLV.L nor GDXU has paid dividends to shareholders.
Drawdowns
USLV.L vs. GDXU - Drawdown Comparison
The maximum USLV.L drawdown since its inception was -27.37%, smaller than the maximum GDXU drawdown of -93.96%. Use the drawdown chart below to compare losses from any high point for USLV.L and GDXU.
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Drawdown Indicators
| USLV.L | GDXU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.37% | -94.39% | +67.02% |
Max Drawdown (1Y)Largest decline over 1 year | -8.66% | -73.16% | +64.50% |
Max Drawdown (5Y)Largest decline over 5 years | -14.56% | -93.34% | +78.78% |
Max Drawdown (10Y)Largest decline over 10 years | -27.37% | — | — |
Current DrawdownCurrent decline from peak | -5.12% | -58.47% | +53.35% |
Average DrawdownAverage peak-to-trough decline | -5.15% | -69.96% | +64.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.10% | 26.33% | -22.23% |
Volatility
USLV.L vs. GDXU - Volatility Comparison
The current volatility for SPDR S&P 500 Low Volatility UCITS ETF (USLV.L) is 3.57%, while MicroSectors Gold Miners 3X Leveraged ETN (GDXU) has a volatility of 52.36%. This indicates that USLV.L 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
| USLV.L | GDXU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.57% | 52.36% | -48.79% |
Volatility (6M)Calculated over the trailing 6-month period | 7.39% | 120.52% | -113.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.17% | 137.62% | -125.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.06% | 105.40% | -93.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.98% | 105.48% | -91.50% |