All charts and data below are CPI-U inflation-adjusted and with dividends reinvested. (Why?)

Total Real Returns

GDXU: Total Real Return Chart (Dividends Reinvested, Inflation Adjusted)

GDXU real return snapshot: after CPI-U inflation, GDXU returned +2.70% over the past year and −68.20% YTD, with dividends reinvested. Since Dec. 3, 2020, GDXU is down −74.30% in real purchasing-power return, or −21.42%/yr, and is currently −85.19% below its real total-return high on Jan. 28, 2026.

Data ending Fri Jul. 24, 2026

Growth of $10,000

Thu 2020-12-03💬 to Fri 2026-07-24 Overall
Return 		Exponential
Trendline
GDXU × 		−74.30%
−21.42%/yr 		−7.66%/yr
R2=0.026
MicroSectors Gold Miners 3X Leveraged ETNs Exchange-Traded Fund

Growth of $10,000 Summary

Thu 2020-12-03💬 to Fri 2026-07-24 Start
Value 		End
Value
GDXU × 		$10,000.00
2020-12-03 		$2,569.98
2026-07-24

This Year’s Performance

through 2026-07-24

  YTD YoY
GDXU × 		−68.20% +2.70%

Drawdowns

  Current
Drawdown 		Worst
Drawdown
GDXU × 		−85.19%
on 2026-07-24
from 2026-01-28 peak 		−95.29%
on 2024-02-28
from 2021-01-05 peak

Rolling Returns

Period ending Fri 2026-07-24 1 yr 2 yr 3 yr 5 yr 10 yr
GDXU × 		+2.70% +78.80%
+33.72%/yr 		+79.99%
+21.64%/yr 		−53.37%
−14.15%/yr 		—

Annual Returns

Year GDXU
2026 (YTD) −68.20%
2025 +773.12%
2024 −20.88%
2023 −23.91%
2022 −65.08%
2021 −57.90%
2020 +4.57%