Global X Dorsey Wright Thematic ETF (GXDW) Performance
GXDW total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +1.0% since Dec 31, 2025
- 1 year
- −8.9% total return
- 5 years
- −12.8% a year
- Since first price
- +0.1% a year since 2019
GXDW trailing returns vs SPY, QQQ, AGG
| Period | GXDW total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −3.6% | −3.6% | −1.0% | −5.0% | +0.9% |
| 3 months | +0.2% | +0.2% | +3.2% | +1.9% | −0.4% |
| 6 months | −6.8% | −7.1% | +7.8% | +8.4% | −1.5% |
| YTD | +1.0% | +0.7% | +12.3% | +15.1% | −1.0% |
| 1 year | −8.9% | −10.2% | +14.4% | +15.9% | −1.1% |
| 3 years | +17.5%+5.5%/yr | +12.6% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −49.5%−12.8%/yr | −53.1% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionNov 4, 2019 | +0.5%+0.1%/yr | −7.7% | — | — | — |
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: GXDW vs SPY
From Nov 4, 2019: GXDW grew to $10,046, SPY to $27,326.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
GXDW returns by calendar year
4 of 6 full years positive. Best 2020 (+61.1%), worst 2022 (−48.1%). 2026 is year to date.
GXDW annual returns table
| Year | GXDW | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +1.0% | −29.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +3.5% | −21.8% | +17.7% | +20.8% | +7.2% |
| 2024 | −3.6% | −10.4% | +24.9% | +25.6% | +1.3% |
| 2023 | +10.3% | −29.9% | +26.2% | +54.9% | +5.7% |
| 2022 | −48.1% | −49.4% | −18.2% | −32.6% | −13.0% |
| 2021 | +3.2% | −32.6% | +28.7% | +27.4% | −1.8% |
| 2020 | +61.1% | −35.8% | +18.3% | +48.6% | +7.5% |
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.
GXDW largest drawdowns
Now 60.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 10, 2021 | −67.8% | Apr 8, 2025 | not yet | 4.2 years | 5.7 years so far |
| Feb 20, 2020 | −35.8% | Mar 23, 2020 | Jun 1, 2020 | 32 days | 3 months |
| Sep 1, 2020 | −10.2% | Sep 24, 2020 | Oct 9, 2020 | 23 days | 38 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
GXDW risk statistics
| Statistic | 3 years | 5 years | Since 2019 |
|---|---|---|---|
| Annualized return | +3.5% | −11.6% | +0.3% |
| Volatility (annualized) | 25.6% | 27.0% | 28.3% |
| Sharpe ratio | 0.09 | -0.46 | 0.05 |
| Sortino ratio | 0.13 | -0.61 | 0.08 |
| Best month | +23.2% | +23.2% | +23.6% |
| Worst month | −13.5% | −14.7% | −15.4% |
| Best 12 months | +26.0% | +26.0% | +118.4% |
| Worst 12 months | −9.8% | −48.1% | −48.1% |
| Positive months | 61% | 52% | 56% |
| Beta vs S&P 500 | 1.59 | 1.35 | — |
| Correlation with S&P 500 | 0.77 | 0.79 | — |
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.
GXDW rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 72 | −48.1% | −3.4% | +118.4% | 47% |
| 3-year (a year) | 48 | −22.9% | −4.5% | +8.0% | 27% |
| 5-year (a year) | 24 | −13.2% | −6.2% | +1.9% | 8% |
Every holding period starting at a month-end since 2019. Returns for 3 years and longer are annualized.
GXDW performance overview
Global X Dorsey Wright Thematic ETF (GXDW) returned −8.9% over the past year and −12.8% a year over five years, with distributions reinvested. Since its first recorded price in 2019 it has returned +0.1% a year, turning $10,000 into about $10,046. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −67.8%, from Feb 10, 2021 to Apr 8, 2025; the fund has not yet regained that high. GXDW finished 4 of its 6 full calendar years with a gain; the best year was 2020 (+61.1%) and the worst 2022 (−48.1%). Volatility has been 28.3% a year.
Related: GXDW chart, GXDW dividends. See the GXDW overview for the latest quote and fund facts.
GXDW performance FAQ
What is the GXDW return over the past year?
GXDW returned −8.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 10.2%.
What is the average annual return of GXDW?
GXDW has returned −12.8% a year over 5 years, +0.1% a year since November 4, 2019 (total return, distributions reinvested).
How much would $10,000 invested in GXDW be worth?
$10,000 invested in GXDW at its first recorded close on November 4, 2019 would be worth about $10,046 on October 23, 2026 with distributions reinvested.
What was the worst year for GXDW?
The worst calendar year was 2022, with a total return of −48.1%. The best was 2020 at +61.1%.
What is the biggest drawdown of GXDW?
The largest peak-to-trough decline was −67.8% between February 10, 2021 and April 8, 2025. It has not yet recovered to that high; it is 60.1% below its peak.
How volatile is GXDW?
Over the past 3 years GXDW had an annualized volatility of 25.6% and a Sharpe ratio of 0.09 (excess return over 1–3 month T-bills per unit of risk).