Openbookopenbook
Openbook
GDX3
+9.52 · +81.10%
£21.26 · LSE
Leverage Shares 3x Long Gold Miners ETP Securities | Trading - Leveraged/Inverse Equity
Leverage Shares PLC · Ireland
AUM:$1.7M
#– of – in Trading - Leveraged/Inverse Equity ETFs
ℹ️
Reward Rating
56
Good
999.99% 1Y return
ℹ️
Risk Rating
87
High
Risk Assessment
ℹ️

Educational tool only – Scores are based on historical data, holdings and expense metrics for informational purposes. This is not financial advice or a recommendation to buy or sell any security. Always conduct your own research or consult a qualified financial adviser.

Market Performance

📈 Up 1000.0% over the past year, reflecting strong price momentum.

Cost Efficiency

💰 Ongoing charge of 0.02% — among the lowest available for this category.

What is GDX3?

Leverage Shares 3x Long Gold Miners ETP Securities tracks its benchmark index, providing diversified exposure across 1 holdings. Its ongoing charge is 0.02%.

Performance Highlights

Investment Breakdown

Strong Recent Performance
GDX3 delivered 1000.0% over the past year. Historical returns only — past performance is not indicative of future results.
Ultra-Low Ongoing Charge
Ongoing charge of 0.02% — among the lowest available. Low costs compound favourably over long holding periods.
Concentrated Holdings
Top 10 holdings account for 300.1% of the ETF — significant weight in a small number of names.

Openbook Analysis

Performance: Good (56)

The scoring profile reflects moderate historical performance, with a 1000.0% 1-year return (historical). The ongoing charge of 0.02% is very competitive. Risk indicators are high, reflecting meaningful price sensitivity (historical).

For informational and educational purposes only. Not financial advice. Past performance is not indicative of future results.

ETF Information
AUM$1.7M
Ongoing Charge0.02%
Dividend Yield0.00%
Holdings1
Inception DateDec 2021
DomicileIreland
Distribution–
Index–
ProviderLeverage Shares PLC
Beta–
CategoryTrading - Leveraged/Inverse Equity
CurrencyUSD
Portfolio Impact

How would GDX3 affect your portfolio?

Sign in to see exactly what adding this ETF changes — sector exposure, yield, diversification, volatility. Real numbers from your actual holdings.

Sign in
Example preview
6168
+7 points · better diversified
Alternatives
Similar ETFs to compare
CSP1
iShares Core S&P 500
TER 0.07%
1Y+18.1%
AUM£78B
Yield1.3%
VUAG
Vanguard S&P 500 Acc
TER 0.07%
1Y+18.0%
AUM£12B
Yield—
SWDA
iShares MSCI World
TER 0.20%
1Y+15.4%
AUM£62B
Yield1.6%
VWRP
Vanguard FTSE All-World
TER 0.22%
1Y+14.8%
AUM£14B
Yield1.8%

Chart Tools

My Portfolio

Sign in to overlay your portfolio on the chart.

Sign in
Compare Equity
Uses ISF.L (iShares FTSE 100 ETF)
Indicators

Performance Metrics

Historical returns

6M
-24.9%
1Y
+141.5%
3Y
+346.6%
5Y
+106.5%
OpenBook InsightIf you had invested £10,000 in GDX3 5 years ago, it would have grown to £20,652 — a gain of £10,652.

Annual Returns

Calendar year performance

GDX3 delivered positive returns in 1 of the last 5 calendar years.
YearGDX3
2026 YTD-24.6%
2025+694.7%
2024-12.7%
2023-18.2%
2022-56.9%
CAGR 4yr+25.0%
1/5 positive yearsAvg return: +116.5%Worst year: -56.9% (2022)

Technical Analysis Summary

Automated insights from historical price action and indicators

Technical Regime: NEGATIVE
Trend Strength
0%
Negative
Volatility
141.8%
Very High
Momentum
-33.5%
30-day change
Support Level
8.82
Key floor
Key Insights
  • Price is currently below all major moving averages, indicating a weaker trend profile.
  • Momentum is downward with a 33.5% move over 30 days.
  • Elevated volatility indicates higher short-term price variability and risk.

Reward Rating Breakdown

Our reward rating analyses GDX3's attractiveness using 4 weighted factors. Each factor is scored 0-100, then combined using the weights shown below. Past performance does not guarantee future results.

Overall Reward Rating
56
Good REWARD
Data Coverage: %
Factor Framework
Performance
Has the ETF delivered strong historical returns versus similar ETFs?
Cost Efficiency
Is the ETF cheap to own over long periods?
Income
Does it provide attractive and consistent distributions?
Diversification Quality
Does it spread exposure across holdings, sectors, and regions?

📈 Performance

Weight: 30%
63/100

Has the ETF delivered strong historical returns versus similar ETFs? Combines 1/3/5/10-year returns with the Sharpe ratio (risk-adjusted return).

1Y Return
999.99%
Very Good
3Y Return
118.51%
Very Good
5Y Return
0.00%
Weak
10Y Return
0.00%
Weak
Sharpe Ratio
—
No Data

Solid historical performance: 1-year return of 999.99%, 3-year annualised 118.51%, 5-year annualised 0.00%. Past performance is not indicative of future results.

💰 Cost Efficiency

Weight: 30%
95/100

Is the ETF cheap to own over long periods? Low ongoing charges compound into meaningful additional returns over a 10-year horizon.

Ongoing Charge
0.02%
Very Good
Net Expense Ratio
—
No Data
Annual Turnover
—
No Data
Tracking Difference
—
No Data

Low-cost and efficient structure: ongoing charge of 0.02%.

💵 Income

Weight: 15%
15/100

Does the ETF provide attractive and consistent distributions? Combines the current yield with distribution frequency.

Distribution Yield
0.00%
Very Weak
Distribution Frequency
—
No Data

Low-income profile — better suited as a growth holding: distribution yield of 0.00%.

🌐 Diversification Quality

Weight: 25%
24/100

Does the ETF spread exposure across many holdings, sectors, and regions? Concentrated funds can be doing exactly what they're meant to do — treat the score as context, not a verdict.

Holdings
1
Very Weak
Top 10 Concentration
300.13%
Very Weak
Top Sector
Basic Materials100.0%
Very Weak
Top Region
North America77.1%
Weak

Heavily concentrated — returns will be driven by a narrow slice of the market: 1 holdings, top 10 at 300.1%, Basic Materials sector at 100.0%, North America at 77.1%.

Scores are derived from fund-provider disclosures and historical data. For informational and educational purposes only — not investment advice. Past performance is not indicative of future results.

Risk Rating Breakdown

Our risk rating analyses GDX3 using 4 weighted factors. A higher score indicates higher risk. This is a framework for understanding exposure — concentrated funds can still be doing exactly what they're meant to do.

Overall Risk Rating
87
High RISK
Data Coverage: 75%
Factor Framework
Holdings Concentration
How much of the fund sits in its largest positions? Few dominant names mean returns ride on those companies.
Market Exposure
Geographic, sector and cyclical dependencies. High single-country or single-sector weight increases macro sensitivity.
Volatility
Historical price movement, beta and drawdowns — how sharply the fund moves relative to the market.
Income Reliability
How dependable the distribution yield is — cyclical-sector dependency and unusually high yields can flag payout risk.

🎯 Holdings Concentration

Weight: 25%
90/100

How much of the fund sits in a small number of positions? If the top holdings dominate, returns will be driven by those specific companies rather than the broader index.

Top 10 Weight
300.13%
High Risk
Largest Holding
300.13%
High Risk
Number of Holdings
1
High Risk
HHI (weight²)
90,077
High Risk

Holdings-level concentration is high: top 10 holdings at 300.1%, largest single position at 300.13%, 1 total holdings.

🌍 Market Exposure

Weight: 25%
81/100

How dependent is the fund on a single country, sector or economic cycle? Heavy exposure to one market means a single macro event can drive most of the return.

Top Region
North America77.1%
Elevated
Top Sector
Basic Materials100.0%
High Risk
Top 2 Sectors
100.00%
High Risk
Cyclical Sectors
100.00%
High Risk

High market-exposure risk — returns closely track a narrow slice of the market: North America at 77.1%, Basic Materials sector at 100.0%, 100.0% in cyclical sectors.

📊 Volatility

Weight: 35%
90/100

How sharply does the fund move day-to-day and how deep have its drawdowns been? High volatility means wider return outcomes over short horizons.

1Y Volatility
117.54%
High Risk
Beta
—
No Data
Max Drawdown
—
No Data

High historical volatility — expect meaningful short-term swings: 1Y volatility of 117.54% (historical).

💵 Income Reliability

Weight: 15%
Not applicable

This is an accumulating ETF. Distributions are reinvested inside the fund, so there's no dividend-reliability risk to assess. The 15% income weight is redistributed to the other three factors.

Scores are derived from fund-provider disclosures and historical data. For informational and educational purposes only — not investment advice. Risk scoring is model-based and past data does not guarantee future results.
openbook

Stock research for everyday UK investors. Make smarter decisions, faster.

Questions? Email us at contact@openbookanalytics.com

© 2026 Openbook Analytics Ltd · Company No. SC843579 · Registered in Scotland

256-bit encryption GDPR compliant UK data centres

Openbook Analytics Ltd (Company No. SC843579) is registered in Scotland. Registered office: Strathclyde Inspire Hub, University of Strathclyde, Graham Hills Building (Level 6), 50 Richmond Street, Glasgow, G1 1XP. Openbook Analytics is not authorised or regulated by the Financial Conduct Authority (FCA). The content on this platform is provided for general informational and educational purposes only and does not constitute financial advice, investment advice, trading advice, or any other form of advice. You should not treat any content on this platform as a recommendation to buy, sell, or hold any financial instrument. Past performance is not a reliable indicator of future results. The value of investments and the income from them can go down as well as up, and you may get back less than you invest. User-generated content, including community posts and commentary, reflects the personal opinions of individual users, is not verified for accuracy, and does not represent the views of Openbook Analytics Ltd. You should always conduct your own research or consult a qualified, FCA-regulated financial adviser before making investment decisions. Data displayed on this platform may be delayed or inaccurate and is provided "as is" without warranty. Openbook Analytics Ltd accepts no liability for any loss arising from reliance on the information provided.