GDXS

Proshares Ultrashort Gold Miners
*Unless otherwise stated, data provided by FactSet.

GDXS Fund Description

GDXS provides daily 2x inverse exposure to a market-cap-weighted index of global gold and silver mining firms.

GDXS Factset Analytics Insight

GDXS is a daily 2x inverse bet on the NYSE Arca Gold Miners Index. The fund uses derivative contracts to achieve its exposure and resets its leverage on a daily basis. Because of that, the fund's return over a holding period greater than one-day is affected by compounding math, and will diverge from -2x the return of the index over the same period. Thus, GDXS is designed mostly for intra-day trading. When deciding to how to use these funds, also consider that gold miners' fortunes do not necessarily move in lockstep with gold. A host of factors, beyond spot price, come into play here: from the price of oil—which is the main input for any miner—to the size the equity premium in the broad market. GDXS competes with Direxion's DUST, which provides 3x inverse exposure to the same index for a similarly high annual fee. In reality, the expense ratio has minimal impact on the cost of holding these funds for a short period of time. Trading costs, as reflected in spreads and potential premium/discounts, are the predominant consideration here. On this score GDXS manages a middling performance: volume is adequate but spreads are generally high, raising the round-trip cost for traders.

GDXS CHARTS AND PERFORMANCE

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 02/14/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
GDXS -11.56% -31.80% -10.16% -7.26% -36.82% -- --
GDXS (NAV) -11.31% -31.53% -10.14% -7.04% -36.72% -- --
NYSE Arca Gold Miners 5.20% 18.23% 4.86% -2.61% 6.78% -2.43% --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

GDXS Summary Data

ProShares
02/13/15
Open-Ended Fund
0.95%
$2.80M
0.44%

GDXS Portfolio Data

0.00%
03/20/19

GDXS Index Data

NYSE Arca Gold Miners
Market Cap
Market Cap
N/A

GDXS Fund Structure

Yes
No
No Policy
N/A
N/A
High
-2
Daily

GDXS Tax Exposures

20.00% / 39.60%
--
No
Bats Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

GDXS Factset Analytics Block Liquidity

As of 02/15/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of GDXS. GDXS is rated a N/A out of 5.

GDXS Tradability

7,643
$111.81K
4,358
$64.34K
0.44%
$0.06
-0.07%
2.33% / -2.85%
None
0.00%
50,000
0.09
0.04%
--
112
$12.94
N/A