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ETFs

MicroSectors Gold Miners 3x Leveraged ETN

GDXU
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Today’s Change
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Snapshot
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Inception Date
Dec 02 2020
Expense Ratio
0.95%
Type
Global Equities
Fund Owner
MicroSectors
Volume (1m avg. daily)
$14,975,373
AUM
$116,878,445
Associated Index
S-Network MicroSectors Gold Miners Index
Inverse/Leveraged
Leveraged (3x)
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View
Invest with GDXU

What is GDXU?

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.

ETFs related toGDXU

ETFs correlated to GDXU include GDX, NUGT, RING

GDXU
Bank of Montreal - MicroSectors Gold Miners 3X Leveraged ETN
GDX
VanEck ETF Trust - VanEck Gold Miners ETF
NUGT
Direxion Shares ETF Trust - Direxion Daily Gold Miners Index Bull 2X Shares
RING
BlackRock Institutional Trust Company N.A. - iShares MSCI Global Gold Miners ETF
GDXJ
VanEck ETF Trust - VanEck Junior Gold Miners ETF
JNUG
Direxion Shares ETF Trust - Direxion Daily Junior Gold Miners Index Bull 2X Shares
SIL
Global X Funds - Global X Silver Miners ETF
SILJ
ETF Managers Group LLC - ETFMG Prime Junior Silver Miners ETF
GLTR
abrdn ETF - abrdn Physical Precious Metals Basket Shares ETF
AAAU
Goldman Sachs Physical Gold ETF Trust - Goldman Sachs Physical Gold ETF
UGL
ProShares Trust - ProShares Ultra Gold 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.

Automated Strategies
Related toGDXU

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with GDXU using Composer

FAQ

GDXU 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.

GDXU tracks the S-Network MicroSectors Gold Miners Index.

No, GDXU 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, GDXU 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 GDXU is -0.0724%. This is the percent change in the value of GDXU over the most recent 1-month period. The 3-month return on GDXU is -0.2409%. This is the percent change in the value of GDXU over the most recent 3-month period.

The standard deviation of GDXU for the past year is 1.0736%. 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 GDXU include SSO, QID, and SDS.

ETFs correlated to GDXU include GDX, NUGT, and RING.

ETFs that are inversely correlated to GDXU include GDXD, DUST, and JDST.

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

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

Disclaimers

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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.