GDXD vs GDXU
MicroSectors Gold Miners -3X Inverse Leveraged ETN vs MicroSectors Gold Miners 3X Leveraged ETN
Which is better, GDXD or GDXU?
Opposite sides of the same exposure.
GDXU led over 1Y, 3Y, 5Y and the full window. The two move opposite each other, correlation -0.94, so holding both offsets the exposure while paying both fees.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | GDXD | GDXU |
|---|---|---|
| Expense Ratio | 0.95%Tie | 0.95%Tie |
| AUM | $104M | $1.7B |
| Dividend Yield | 0.00% | 0.00% |
| YTD Return | -75.43% | -65.91%Best |
| 1Y Return | -85.41% | -53.78%Best |
| 3Y Return (annualized) | -88.58% | +53.91%Best |
| 5Y Return (annualized) | -76.67% | -11.19%Best |
| Volatility (annualized) | 101.0%Best | 118.1% |
| Max Drawdown | - | -94.4% |
| $10,000 over 5 years | $7 | $5,525Best |
| Fund Family | BMO Capital Markets | BMO Capital Markets |
| Category | Commodity | Commodity |
| Style | Gold | Gold |
| Inception | Dec 2, 2020 | Dec 2, 2020 |
Not shown on this pair: Holdings, Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Dec 3, 2020 to Nov 11, 2026 (5.9 years).
GDXD vs GDXU growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 5.9 years both funds cover.
GDXD vs GDXU Performance
MicroSectors Gold Miners -3X Inverse Leveraged ETN (GDXD) is an ETF from BMO Capital Markets and MicroSectors Gold Miners 3X Leveraged ETN (GDXU) is an ETF from BMO Capital Markets. Over the past year GDXD returned -85.41% while GDXU returned -53.78%. Year to date, GDXD is down 75.43% versus a loss of 65.91% for GDXU.
Over three years, GDXD compounded at -88.58% per year against +53.91% for GDXU; over five years the annualized figures are -76.67% and -11.19% respectively. Across the full 6-year window we track, GDXU has the edge at -16.58% annualized vs -73.15%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GDXU has been the more volatile fund, with annualized monthly volatility of 118.1% compared with 101.0% for GDXD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The two funds' monthly returns correlate at -0.94. They move opposite each other. Holding both offsets the exposure rather than spreading it, while paying both funds' fees.
Fees and Cost Over Time
GDXD charges 0.95% per year while GDXU charges 0.95%. On a $10,000 position that is $95 vs $95 annually. On income, GDXD currently yields 0.00% against 0.00% for GDXU.
You are not choosing between two funds in isolation.
Whichever of GDXD and GDXU you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, GDXD or GDXU?
GDXD has an expense ratio of 0.95% while GDXU charges 0.95%. At the precision these are quoted to, they cost the same.
Which performed better, GDXD or GDXU?
Over the past year GDXD returned -85.41% vs -53.78% for GDXU, so GDXU leads on 1-year performance. Over the longest common window we track (6 years), GDXD annualized -73.15% vs -16.58% for GDXU. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GDXD or GDXU?
GDXU has been the more volatile fund at 118.1% annualized versus 101.0% for GDXD.
Should I hold both GDXD and GDXU?
GDXD and GDXU have a monthly-return correlation of -0.94, so they move opposite each other. Holding both offsets the exposure rather than spreading it, and pays both funds' fees on the way. This is information, not a recommendation.
Which pays a higher dividend, GDXD or GDXU?
GDXD yields 0.00% while GDXU yields 0.00%, so GDXU currently pays the higher dividend yield.
Is GDXU better than GDXD?
GDXU led over 1Y, 3Y, 5Y and the full window. The two move opposite each other, correlation -0.94, so holding both offsets the exposure while paying both fees. Which one suits a particular account depends on what it is for. This is information, not a recommendation.