- VanEck Gold Miners ETF (GDX): 72.54%
- VanEck Junior Gold Miners ETF (GDXJ): 27.46%
GDXD ETF — Holdings & Analysis
GDXD is a note that provides 300% daily inverse leveraged exposure. 0.95% expense ratio, $107M AUM, 2 holdings, inception 2020.
MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD) ETF — Price, Holdings & Analysis
GDXD is a note that provides 300% daily inverse leveraged exposure. 0.95% expense ratio, $107M AUM, 2 holdings, inception 2020.
ETF Overview
As such, it is not a buy-and-hold product, and is best designed for short-term tactical trading purposes only. Returns can vary significantly from -3x exposure to its underlying index if held for longer than a day. GDXD`s underlying index, the S-Network MicroSectors Gold Miners Index, is comprised of two established ETFs, namely: VanEck Gold Miners ETF (GDX) and VanEck Junior Gold Miners ETF (GDXJ), which primarily invest in the global gold mining industry. Both ETFs select and weight its constituents by market cap. Knowledge of the benefits and risks is paramount before investing in this product.
GDXD is a note that provides 300% daily inverse leveraged exposure. As such, it is not a buy-and-hold product, and is best designed for short-term tactical trading purposes only. Returns can vary significantly from -3x exposure to its underlying index if held for longer than a day. MicroSectors Gold Miners -3X Inverse Leveraged ETNs provides exposure to the equity market. The portfolio is concentrated with 2 holdings.
Risk Metrics
MicroSectors Gold Miners -3X Inverse Leveraged ETNs holds only 2 positions, creating elevated concentration risk where poor performance from a few holdings can significantly impact returns. Heavy allocation to Basic Materials (100.0%) means sector-specific downturns could disproportionately affect performance. A beta of -2.41 indicates lower volatility relative to the broader market. The 0.95% expense ratio is above average and will reduce net returns over time.
Expense Ratio
0.95%
What does GDXD hold?
How Is the Fund Allocated?
- Basic Materials: 100.0%
Dividend Yield
0.00%
- State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
- State Street Financial Select Sector SPDR ETF (XLF) — 0.08% expense ratio
- State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
- iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
- iShares MSCI EAFE ETF (EFA) — 0.32% expense ratio
- iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
- Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
- State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
- MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (OILU) (Equity) — 0.95% expense ratio
- MicroSectors Gold Miners 3X Leveraged ETN (GDXU) (Equity) — 0.95% expense ratio
- MicroSectors FANG+ Index 2X Leveraged ETNs (FNGO) (Equity) — 0.95% expense ratio
Risk Metrics
- Beta: -2.41
Questions & Answers
What is MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD)?
GDXD is a note that provides 300% daily inverse leveraged exposure. As such, it is not a buy-and-hold product, and is best designed for short-term tactical trading purposes only. It holds 2 securities. With $107M in assets under management, it is a funds in its category.
What is the expense ratio for GDXD?
MicroSectors Gold Miners -3X Inverse Leveraged ETNs has an expense ratio of 0.95%, which is considered higher than average for equity ETFs. This means for every $10,000 invested, annual fees would be approximately $95. Lower expense ratios generally lead to better long-term returns, all else being equal.
How long has GDXD been around?
MicroSectors Gold Miners -3X Inverse Leveraged ETNs was launched in 2020, making it 6 years old. It has several years of operating history for investors to evaluate. It is managed by REX Microsectors.
What is the current NAV of GDXD?
MicroSectors Gold Miners -3X Inverse Leveraged ETNs has a net asset value (NAV) of approximately $17.08 per share. The NAV represents the per-share value of the fund's underlying assets minus liabilities. Market price may differ slightly from NAV due to supply and demand dynamics during trading hours.
Is GDXD a good investment?
MicroSectors Gold Miners -3X Inverse Leveraged ETNs is a equity ETF with $107M in assets and 2 holdings. Equity ETFs are subject to market risk and can experience significant short-term volatility, though they have historically provided strong long-term returns for patient investors. Whether it is suitable depends on your investment goals, risk tolerance, and time horizon. Consider consulting a financial advisor for personalized guidance.