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GDXD ETF — MicroSectors Gold Miners -3X Inverse Leveraged ETNs

MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD)

Updated October 16, 2026.

GDXD is an ETF. its expense ratio is 0.95%. Total return is -100.0% over the past 5.9 years, 225.7 points behind SPY at 125.7%.

This ETF seeks to deliver the inverse of three times the daily performance of gold mining stocks, making it a short leveraged bet against the sector. The fund does not distribute income to shareholders. With an expense ratio of 0.95%, it is designed for experienced investors seeking tactical exposure to downside moves in gold miners over short time horizons, though the daily reset mechanics of leveraged inverse funds can cause significant tracking error over longer periods.

GDXD holdings and sector exposure

The top 2 holdings are 100.0% of the fund.

TickerNameWeight
GDXVanEck Gold Miners ETF75.95%
GDXJVanEck Vectors ETF Trust - VanEck Vectors Junior Gold Miners ETF24.05%

Sector weights are shown on the interactive page when signed in.

GDXD performance versus SPY

Price and return data through 2026-10-16.

Total return is -100.0% over the past 5.9 years, 225.7 points behind SPY at 125.7%. Over the past year its total return — price change plus distributions reinvested — is -81.7%. Its deepest 1-year drawdown was 93.1%.

WindowTotal returnCAGR
1M9.8%—
3M-61.6%—
6M-33.3%—
YTD-74.1%—
1Y-81.7%—
2Y CAGR—-90.30%
3Y CAGR—-87.70%
5Y CAGR—-77.60%
Since inception (5.9 years)-100.0%-73.40%

GDXD key facts

Issuer
REX Shares
Asset type
ETF
Asset class
Equity
Inception date
12/02/2020
Expense ratio
0.95%
Distribution frequency
None
Last close
$21.95 (stale; as of 2026-10-16)
AUM
$161,455,640
Average volume
2634200.0
Beta
-0.78

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: REX Shares; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

GDXD risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 93.1%.

Who may consider GDXD — and who may not

It is a weaker fit for investors who need monthly cash flow (GDXD does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on GDXD

Tagged: Leverage, Short, Gold.

Frequently asked questions

Does GDXD pay monthly?

No. GDXD does not currently distribute.

What is GDXD's expense ratio?

GDXD's expense ratio is 0.95%.

When does GDXD pay a dividend?

GDXD does not currently distribute.

How has GDXD performed?

Total return is -100.0% over the past 5.9 years, 225.7 points behind SPY at 125.7%. Over the past year its total return — price change plus distributions reinvested — is -81.7%. Its deepest 1-year drawdown was 93.1%.

DividendVision analysis is generated from public SEC filing data and may not capture every change. Review the original filing for complete information.