USSL.TO vs. GDXU.TO
USSL.TO (Global X Enhanced S&P 500 Index ETF) and GDXU.TO (BetaPro Canadian Gold Miners 2x Daily Bull ETF) are both Leveraged Equities funds from Global X. USSL.TO is passively managed, while GDXU.TO is actively managed. Over the past year, USSL.TO returned 30.37% vs 66.03% for GDXU.TO. At a 0.11 correlation, their price movements are largely independent.
Performance
USSL.TO vs. GDXU.TO - Performance Comparison
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Returns By Period
In the year-to-date period, USSL.TO achieves a 15.74% return, which is significantly higher than GDXU.TO's -40.86% return.
USSL.TO
- 1D
- 0.09%
- 1M
- 1.11%
- 6M
- 12.09%
- YTD
- 15.74%
- 1Y
- 30.37%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GDXU.TO
- 1D
- -7.36%
- 1M
- -36.43%
- 6M
- -54.40%
- YTD
- -40.86%
- 1Y
- 66.03%
- 3Y*
- 67.14%
- 5Y*
- 29.43%
- 10Y*
- 7.91%
USSL.TO vs. GDXU.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
USSL.TO Global X Enhanced S&P 500 Index ETF | 15.74% | 13.42% | 21.92% |
GDXU.TO BetaPro Canadian Gold Miners 2x Daily Bull ETF | -40.86% | 432.04% | 4.66% |
Correlation
The correlation between USSL.TO and GDXU.TO is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since May 22, 2024 | 0.11 |
USSL.TO vs. GDXU.TO - Sectors Allocation Comparison
Sectors
USSL.TO
GDXU.TO
Technology
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Financial Services
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Communication Services
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Consumer Cyclical
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Healthcare
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Industrials
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Consumer Defensive
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Energy
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Utilities
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Real Estate
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Basic Materials
Technology
USSL.TO
GDXU.TO
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Financial Services
USSL.TO
GDXU.TO
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Communication Services
USSL.TO
GDXU.TO
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Consumer Cyclical
USSL.TO
GDXU.TO
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Healthcare
USSL.TO
GDXU.TO
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Industrials
USSL.TO
GDXU.TO
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Consumer Defensive
USSL.TO
GDXU.TO
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Energy
USSL.TO
GDXU.TO
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Utilities
USSL.TO
GDXU.TO
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Real Estate
USSL.TO
GDXU.TO
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Basic Materials
USSL.TO
GDXU.TO
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Return for Risk
USSL.TO vs. GDXU.TO — Risk / Return Rank
USSL.TO
GDXU.TO
USSL.TO vs. GDXU.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Enhanced S&P 500 Index ETF (USSL.TO) and BetaPro Canadian Gold Miners 2x Daily Bull ETF (GDXU.TO). 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.
| USSL.TO | GDXU.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.68 | ||
| Sortino ratioReturn per unit of downside risk | +1.92 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.19 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 3.98 | 1.02 | +2.97 |
| Martin ratioReturn relative to average drawdown | 14.81 | 2.29 | +12.52 |
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Drawdowns
USSL.TO vs. GDXU.TO - Drawdown Comparison
The maximum USSL.TO drawdown since its inception was -23.90%, smaller than the maximum GDXU.TO drawdown of -98.01%. Use the drawdown chart below to compare losses from any high point for USSL.TO and GDXU.TO.
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Drawdown Indicators
| USSL.TO | GDXU.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.90% | -98.01% | +74.11% |
Max Drawdown (1Y)Largest decline over 1 year | -10.79% | -65.36% | +54.57% |
Max Drawdown (3Y)Largest decline over 3 years | — | -65.36% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -65.36% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -79.29% | — |
Current DrawdownCurrent decline from peak | -1.11% | -65.36% | +64.25% |
Average DrawdownAverage peak-to-trough decline | -3.32% | -78.29% | +74.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.60% | 28.97% | -23.37% |
Volatility
USSL.TO vs. GDXU.TO - Volatility Comparison
The current volatility for Global X Enhanced S&P 500 Index ETF (USSL.TO) is 4.02%, while BetaPro Canadian Gold Miners 2x Daily Bull ETF (GDXU.TO) has a volatility of 24.38%. This indicates that USSL.TO experiences smaller price fluctuations and is considered to be less risky than GDXU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USSL.TO | GDXU.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.02% | 24.38% | -20.36% |
Volatility (6M)Calculated over the trailing 6-month period | 12.83% | 77.50% | -64.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.01% | 93.13% | -75.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.15% | 68.66% | -45.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.15% | 67.38% | -44.23% |
Dividends
USSL.TO vs. GDXU.TO - Dividend Comparison
Neither USSL.TO nor GDXU.TO has paid dividends to shareholders.
Frequently Asked Questions
USSL.TO and GDXU.TO have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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