GDXUMicroSectors Gold Miners 3X Leveraged ETNs
Seeks daily investment results that correspond to 3X the performance of the S-Network MicroSectors Gold Miners Index.
By BMO Capital Markets · Launched 2020
0.95%
#4,882 of 5,861 · expensive
$728M
#1,322 of 5,861 · large
+11.8%
5 years
#2,196 of 5,861 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
synthetic exposure — holdings shown are derivatives collateral, not the fund's positions
Asset allocation
By sector
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks daily investment results that correspond to 3X the performance of the S-Network MicroSectors Gold Miners Index.
- Strategy
- Invests in a leveraged manner to achieve 3X daily returns based on the S-Network MicroSectors Gold Miners Index, which tracks the performance of major gold mining ETFs. Designed for sophisticated investors as a daily trading tool.
- Inception date
- December 2, 2020
- Fund family
- BMO Capital Markets
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Your return drifts the longer you hold
Leverage amplifies the index's daily move, by 2x or 3x. The fund resets every day, so over weeks and months your real return drifts from that multiple. It can run ahead in a smooth climb and bleed in a choppy one. Hold one for months and you own a different bet than the label suggests.
Sources: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-08-04