DULLMicroSectors Gold -3X Inverse Leveraged ETN
Seeks to provide returns that correspond to -3X the daily performance of the SPDR® Gold Shares ETF.
By BMO Capital Markets · Launched 2023
Annual Cost
0.95%
#5,033 of 6,040 · expensive
Fund Size
$14M
#4,767 of 6,040 · small
Return (1Y)
-60.5%
Track Record
3 years
#2,881 of 6,040 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$3,347-66.5%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundHoldings
By weightConcentration
synthetic exposure — holdings shown are derivatives collateral, not the fund's positions
SPDR® Gold SharesGLD
100.0%
Asset allocation
Other
100.0%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
86.4%High
Year-on-year price swings
Max drawdown
-98.4%Severe
Worst peak-to-trough loss
Sharpe (3Y)
-1.32Below average
Sortino (3Y)
-1.85Moderate downside risk
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks to provide returns that correspond to -3X the daily performance of the SPDR® Gold Shares ETF.
- Strategy
- Invests in a -3X Inverse Leveraged ETN linked to the performance of the SPDR® Gold Shares ETF, resetting daily. Designed for sophisticated investors seeking short-term trading opportunities in gold.
- Inception date
- February 21, 2023
- Fund family
- BMO Capital Markets
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Data updated on 2026-09-18