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 −32.27% over the past year and −48.07% YTD, with dividends reinvested. Since Dec. 3, 2020, GDXU is down −58.03% in real purchasing-power return, or −13.89%/yr, and is currently −75.82% below its real total-return high on Jan. 28, 2026.

Data ending Wed Sep. 23, 2026

Growth of $10,000

Thu 2020-12-03💬 to Wed 2026-09-23 Overall
Return 		Exponential
Trendline
GDXU × 		−58.03%
−13.89%/yr 		−5.72%/yr
R2=0.015
MicroSectors Gold Miners 3X Leveraged ETNs Exchange-Traded Fund

Growth of $10,000 Summary

Thu 2020-12-03💬 to Wed 2026-09-23 Start
Value 		End
Value
GDXU × 		$10,000.00
2020-12-03 		$4,196.97
2026-09-23

This Year’s Performance

through 2026-09-23

  YTD YoY
GDXU × 		−48.07% −32.27%

Drawdowns

  Current
Drawdown 		Worst
Drawdown
GDXU × 		−75.82%
on 2026-09-23
from 2026-01-28 peak 		−95.29%
on 2024-02-28
from 2021-01-05 peak

Rolling Returns

Period ending Wed 2026-09-23 1 yr 2 yr 3 yr 5 yr 10 yr
GDXU × 		−32.27% +151.41%
+58.56%/yr 		+310.17%
+60.07%/yr 		+10.12%
+1.95%/yr 		—

Annual Returns

Year GDXU
2026 (YTD) −48.07%
2025 +773.12%
2024 −20.88%
2023 −23.91%
2022 −65.08%
2021 −57.90%
2020 +4.57%