MicroSectors Gold Miners -3X Inverse Leveraged ETNs

10-Year Study

GDXD.US · · US · ETF

Executive Summary: MicroSectors Gold Miners -3X Inverse Leveraged ETNs has compounded at -74.2% annually over the last 10 years, with a maximum drawdown of 100.0% and an annualized volatility of 114.8%.

1Y CAGR
-96.5%
3Y CAGR
-86.4%
5Y CAGR
-74.3%
10Y CAGR
-74.2%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
100.0%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
-0.62
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
-1.15
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
97.2%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2021 · +-19.7%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2025 · -97.5%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
0%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
2026-35.6-55.068.0-20.3————————-61.2%
2025-35.6-7.6-38.6-29.6-19.5-13.22.6-47.8-47.52.3-41.8-17.9-97.5%
202432.314.5-45.4-18.2-23.010.1-29.5-7.1-15.6-10.017.725.7-57.8%
2023-30.652.8-43.6-10.822.97.2-17.218.229.4-14.3-33.7-5.6-52.3%
202211.4-36.0-31.422.822.144.7-0.229.3-13.2-9.1-53.0-6.4-52.6%
20216.824.3-12.1-19.7-37.549.0-7.915.132.4-25.8-2.8-9.3-19.7%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 114.8%. The dominant macroeconomic risk driver is GLD.US, accounting for 45.1% of variance. Idiosyncratic stock-specific factors contribute 9.9%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2020-12-0110000
2021-01-0110678.648068669527
2021-02-0113268.955650929898
2021-03-0111663.984263233191
2021-04-019370.529327610873
2021-05-015861.051502145923
2021-06-018731.223175965666
2021-07-018042.739628040058
2021-08-019258.76251788269
2021-09-0112263.054363376252
2021-10-019102.288984263234
2021-11-018851.037195994279
2021-12-018029.327610872675
2022-01-018941.34477825465
2022-02-015722.460658082976
2022-03-013925.250357653791
2022-04-014819.384835479256
2022-05-015883.404864091559
2022-06-018512.160228898427
2022-07-018494.277539341916
2022-08-0110979.971387696709
2022-09-019531.473533619457
2022-10-018664.163090128755
2022-11-014068.3118741058656
2022-12-013809.0128755364804
2023-01-012642.167381974249
2023-02-014037.0171673819746
2023-03-012275.5722460658085
2023-04-012029.6852646638056
2023-05-012494.6351931330473
2023-06-012673.46208869814
2023-07-012212.9828326180254
2023-08-012615.343347639485
2023-09-013384.298998569385
2023-10-012901.4663805436335
2023-11-011922.3891273247496
2023-12-011815.0929899856937
2024-01-012400.7510729613737
2024-02-012749.463519313305
2024-03-011502.1459227467813
2024-04-011229.4349070100143
2024-05-01946.4413447782547
2024-06-011041.6666666666667
2024-07-01734.0844062947068
2024-08-01682.2246065808298
2024-09-01575.8226037195994
2024-10-01518.1509298998569
2024-11-01609.7997138769671
2024-12-01766.2732474964234
2025-01-01493.56223175965664
2025-02-01456.0085836909871
2025-03-01279.86409155937054
2025-04-01197.156652360515
2025-05-01158.70886981402003
2025-06-01137.6967095851216
2025-07-01141.27324749642347
2025-08-0173.76609442060085
2025-09-0138.76072961373391
2025-10-0139.654864091559375
2025-11-0123.09102288984263
2025-12-0118.955650929899857
2026-01-0112.204935622317596
2026-02-015.489985693848355
2026-03-019.22299713876967
2026-04-017.352020743919885
Annual Return Matrix
YearAnnual Return
2021-0.19706723891273248
2022-0.5256124721603563
2023-0.5234741784037559
2024-0.577832512315271
2025-0.9752625437572929
2026-0.6121462264150943
Total Factor Risk
1.1482997885509396
VTI.US Exposure
0.04481690732955522
VEA.US Exposure
0.23436704213842757
VWO.US Exposure
-0.037593775212627585
QQQ.US Exposure
-0.01300979276408468
VTV.US Exposure
-0.020431070218766667
IJR.US Exposure
0.010219657597528577
QUAL.US Exposure
-0.02781820795144969
SHV.US Exposure
0.21988187849121657
TLT.US Exposure
0.00703896286570887
LQD.US Exposure
-0.0015591318594166805
HYG.US Exposure
-0.014480178258473161
GLD.US Exposure
0.4511160943874259
USO.US Exposure
-0.0015782966694419488
VNQ.US Exposure
-0.01844396911167469
BTC-USD.CC Exposure
0.015240994510675896
CPER.US Exposure
0.012798288432299102
VIX.INDX Exposure
0.006460927330801514
UUP.US Exposure
0.021624344055842005
TIP.US Exposure
0.012345021748208847
Idiosyncratic Exposure
0.09900430315824482
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
0
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
114.8%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →0.00%
Market Cap$0
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$0
Avg Yield on Cost
0.00%

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-16.8%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-83.1%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
96.7% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
-2.41
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is MicroSectors Gold Miners -3X Inverse Leveraged ETNs a high-risk investment?

MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD.US) has an annualized volatility of 114.8% and experienced a maximum drawdown of 100.0% over the last 10 years. Its primary macro risk driver is GLD.US.

What is the 10-year return of GDXD.US?

Over the past 10 years, GDXD.US has generated a Compound Annual Growth Rate (CAGR) of -74.2%. It has had a positive return in 0% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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