---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/39553000.md"
description: "$Microsectors Gold Miners 3x Leveraged ETN(GDXU.US)Does anyone know? When GDX goes up by 1 point, it never goes up by 3 points. When GDX goes down by 1 point, it always goes down by 4 points. Why is that?"
datetime: "2026-03-26T15:00:06.000Z"
locales:
  - [en](https://longbridge.com/en/topics/39553000.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/39553000.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/39553000.md)
author: "[小吴炒股](https://longbridge.com/en/profiles/23022750.md)"
---

# $Microsectors Gold Miners 3x Leveraged ETN(GDXU.US…


### Related Stocks

- [GDXU.US](https://longbridge.com/en/quote/GDXU.US.md)
- [GDX.US](https://longbridge.com/en/quote/GDX.US.md)

## Comments (2)

- **0AFOdD · 2026-03-26T15:12:01.000Z**: Leverage has its costs (wear and tear).
  - **小吴炒股** (2026-03-26T15:20:14.000Z): Wear and tear is also oscillation or decline, it wasn't three times that day, the decline was more than three times, the rise wasn't three times, for example, now gdx-1, it's been -4 all along.