XAUUSD=X vs. GDXU
Compare and contrast key facts about Gold Spot US Dollar (XAUUSD=X) and MicroSectors Gold Miners 3X Leveraged ETN (GDXU).
GDXU is a passively managed fund by BMO Financial Group that tracks the performance of the S-Network MicroSectors Gold Miners Index. It was launched on Dec 2, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XAUUSD=X or GDXU.
Correlation
The correlation between XAUUSD=X and GDXU is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
XAUUSD=X vs. GDXU - Performance Comparison
Key characteristics
XAUUSD=X:
1.90
GDXU:
1.19
XAUUSD=X:
2.49
GDXU:
1.88
XAUUSD=X:
1.36
GDXU:
1.23
XAUUSD=X:
3.25
GDXU:
1.21
XAUUSD=X:
8.20
GDXU:
4.30
XAUUSD=X:
3.20%
GDXU:
26.60%
XAUUSD=X:
13.99%
GDXU:
95.86%
XAUUSD=X:
-69.75%
GDXU:
-94.39%
XAUUSD=X:
-0.09%
GDXU:
-86.00%
Returns By Period
In the year-to-date period, XAUUSD=X achieves a 11.90% return, which is significantly lower than GDXU's 60.63% return.
XAUUSD=X
11.90%
6.57%
16.88%
45.05%
11.43%
8.88%
GDXU
60.63%
22.23%
-7.54%
136.90%
N/A
N/A
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Risk-Adjusted Performance
XAUUSD=X vs. GDXU — Risk-Adjusted Performance Rank
XAUUSD=X
GDXU
XAUUSD=X vs. GDXU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gold Spot US Dollar (XAUUSD=X) 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.
Drawdowns
XAUUSD=X vs. GDXU - Drawdown Comparison
The maximum XAUUSD=X drawdown since its inception was -69.75%, smaller than the maximum GDXU drawdown of -94.39%. Use the drawdown chart below to compare losses from any high point for XAUUSD=X and GDXU. For additional features, visit the drawdowns tool.
Volatility
XAUUSD=X vs. GDXU - Volatility Comparison
The current volatility for Gold Spot US Dollar (XAUUSD=X) is 3.22%, while MicroSectors Gold Miners 3X Leveraged ETN (GDXU) has a volatility of 24.92%. This indicates that XAUUSD=X 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.