Skip to Content
ETFs

MicroSectors Gold Miners -3x Inverse Leveraged ETN

GDXD
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Dec 2, 2020
Expense Ratio
0.95%
Type
Global Equities
Fund Owner
MicroSectors
Volume (1m avg. daily)
$5,556,311
AUM
$62,210,079
Associated Index
S-Network MicroSectors Gold Miners Index
Inverse/Leveraged
Inverse (-3x)
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View
Invest with GDXD
Trade GDXD Options

What is GDXD?

The MicroSectors Gold Miners Exchange Traded Notes (ETNs) are linked to the performance of the S-Network MicroSectors Gold Miners Index. ETN offers investors a return based on changes in the level of the S-Network MicroSectors Gold Miners Index, compounded daily, before taking into account fees.

1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade

GDXD
Performance Measures**

for the time period Dec 3, 2020 to Dec 4, 2025

Returns

1M Trailing Return: -47.2%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: -63.4%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -99.8%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 103.2%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: -0.67

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: -0.71

The annualized return divided by the max drawdown for the selected time period.

ETFs related toGDXD

ETFs correlated to GDXD include DUST, JDST, GLL

GDXD
Bank of Montreal - MicroSectors Gold Miners -3X Inverse Leveraged ETNs
DUST
Direxion Shares ETF Trust - Direxion Daily Gold Miners Index Bear -2X Shares
JDST
Direxion Shares ETF Trust - Direxion Daily Junior Gold Miners Index Bear -2X Shares
GLL
ProShares Trust - ProShares UltraShort Gold -2x Shares
ZSL
ProShares Trust - ProShares UltraShort Silver -2x Shares
USDU
WisdomTree Trust - WisdomTree Bloomberg U.S. Dollar Bullish Fund
UUP
Invesco DB US Dollar Index Trust - Invesco DB US Dollar Index Bullish Fund
EUO
ProShares Trust - ProShares UltraShort Euro -2X Shares
EDZ
Direxion Shares ETF Trust - Direxion Daily MSCI Emerging Markets Bear -3x Shares
EFZ
ProShares Trust - ProShares Short MSCI EAFE -1X Shares
EPV
ProShares Trust - ProShares UltraShort FTSE Europe -2X Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Trading Strategies
Related toGDXD

Pals Minor Spell of Summon Money

Category

Regime switching, leveraged ETFs, volatility hedging, sector rotation, trend + RSI filters, managed-futures filter

OOS Cumulative Return

79.2%

3x Melting Pot

Category

Leveraged ETFs, Mean reversion, Daily rebalance, Long/short, Multi-asset, 3x, Buy-the-dip

OOS Cumulative Return

61.76%

Create your own algorithmic trading strategy with GDXD using Composer

FAQ

GDXD is a Global Equities ETF. The MicroSectors Gold Miners Exchange Traded Notes (ETNs) are linked to the performance of the S-Network MicroSectors Gold Miners Index. ETN offers investors a return based on changes in the level of the S-Network MicroSectors Gold Miners Index, compounded daily, before taking into account fees.

GDXD tracks the S-Network MicroSectors Gold Miners Index.

No, GDXD is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, GDXD is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on GDXD is 0.0288%. This is the percent change in the value of GDXD over the most recent 1-month period. The 3-month return on GDXD is 0.0769%. This is the percent change in the value of GDXD over the most recent 3-month period.

The standard deviation of GDXD for the past year is 1.0745%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to GDXD include SSO, QID, and SDS.

ETFs correlated to GDXD include DUST, JDST, and GLL.

ETFs that are inversely correlated to GDXD include GDX, NUGT, and GDXU.

Yes, GDXD is a Inverse (-3x) ETF: This means that GDXD will try to match the performance of S-Network MicroSectors Gold Miners Index, but with 3x the returns.

Yes, GDXD is a Inverse (-3x) leveraged ETF: This means that GDXD will try to match the performance of S-Network MicroSectors Gold Miners Index, but move 3x in the opposite direction.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.