MicroSectors Gold Miners -3X Inverse… (GDXD) Performance
GDXD total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −66.6% since Dec 31, 2025
- 1 year
- −83.0% total return
- 5 years
- −76.2% a year
- Since first price
- −72.1% a year since 2020
GDXD trailing returns vs SPY, QQQ, AGG
| Period | GDXD total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +51.1% | +51.1% | −1.0% | −5.0% | +0.9% |
| 3 months | −41.0% | −41.0% | +3.2% | +1.9% | −0.4% |
| 6 months | −25.1% | −25.1% | +7.8% | +8.4% | −1.5% |
| YTD | −66.6% | −66.6% | +12.3% | +15.1% | −1.0% |
| 1 year | −83.0% | −83.0% | +14.4% | +15.9% | −1.1% |
| 3 years | −99.8%−86.5%/yr | −99.8% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −99.9%−76.2%/yr | −99.9% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionDec 3, 2020 | −99.9%−72.1%/yr | −99.9% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: GDXD vs SPY
From Dec 3, 2020: GDXD grew to $5, SPY to $22,471.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
GDXD returns by calendar year
0 of 5 full years positive. Best 2021 (−19.7%), worst 2025 (−97.5%). 2026 is year to date.
GDXD annual returns table
| Year | GDXD | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −66.6% | −83.2% | +12.3% | +15.1% | −1.0% |
| 2025 | −97.5% | −97.8% | +17.7% | +20.8% | +7.2% |
| 2024 | −57.8% | −86.1% | +24.9% | +25.6% | +1.3% |
| 2023 | −52.3% | −62.2% | +26.2% | +54.9% | +5.7% |
| 2022 | −52.6% | −74.4% | −18.2% | −32.6% | −13.0% |
| 2021 | −19.7% | −57.9% | +28.7% | +27.4% | −1.8% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
GDXD largest drawdowns
Now 99.95% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Mar 1, 2021 | −99.98% | Aug 25, 2026 | not yet | 5.5 years | 5.6 years so far |
| Dec 14, 2020 | −37.9% | Jan 5, 2021 | Feb 26, 2021 | 22 days | 2 months |
| Dec 4, 2020 | −10.8% | Dec 7, 2020 | Dec 11, 2020 | 3 days | 7 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
GDXD risk statistics
| Statistic | 3 years | 5 years | Since 2020 |
|---|---|---|---|
| Annualized return | −88.6% | −79.0% | −73.4% |
| Volatility (annualized) | 100.9% | 100.1% | 100.0% |
| Sharpe ratio | -1.46 | -0.95 | -0.74 |
| Sortino ratio | -1.59 | -1.13 | -0.92 |
| Best month | +68.0% | +68.0% | +68.0% |
| Worst month | −64.8% | −64.8% | −64.8% |
| Best 12 months | −57.8% | −4.8% | +18.6% |
| Worst 12 months | −98.8% | −98.8% | −98.8% |
| Positive months | 31% | 35% | 38% |
| Beta vs S&P 500 | -1.17 | -2.17 | — |
| Correlation with S&P 500 | -0.14 | -0.34 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
GDXD rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 59 | −98.8% | −68.3% | +18.6% | 5% |
| 3-year (a year) | 35 | −88.9% | −70.0% | −39.2% | 0% |
| 5-year (a year) | 11 | −79.0% | −74.8% | −71.5% | 0% |
Every holding period starting at a month-end since 2020. Returns for 3 years and longer are annualized.
GDXD performance overview
MicroSectors Gold Miners -3X Inverse… (GDXD) returned −83.0% over the past year and −76.2% a year over five years, with distributions reinvested. Since its first recorded price in 2020 it has returned −72.1% a year, turning $10,000 into about $5. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −99.98%, from Mar 1, 2021 to Aug 25, 2026; the fund has not yet regained that high. GDXD finished 0 of its 5 full calendar years with a gain; the best year was 2021 (−19.7%) and the worst 2025 (−97.5%). Volatility has been 100.0% a year.
Related: GDXD chart. See the GDXD overview for the latest quote and fund facts.
GDXD performance FAQ
What is the GDXD return over the past year?
GDXD returned −83.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 83.0%.
What is the average annual return of GDXD?
GDXD has returned −76.2% a year over 5 years, −72.1% a year since December 3, 2020 (total return, distributions reinvested).
How much would $10,000 invested in GDXD be worth?
$10,000 invested in GDXD at its first recorded close on December 3, 2020 would be worth about $5 on October 23, 2026 with distributions reinvested.
What was the worst year for GDXD?
The worst calendar year was 2025, with a total return of −97.5%. The best was 2021 at −19.7%.
What is the biggest drawdown of GDXD?
The largest peak-to-trough decline was −99.98% between March 1, 2021 and August 25, 2026. It has not yet recovered to that high; it is 99.95% below its peak.
How volatile is GDXD?
Over the past 3 years GDXD had an annualized volatility of 100.9% and a Sharpe ratio of -1.46 (excess return over 1–3 month T-bills per unit of risk).