BMO Capital MarketsInverse CommoditiesDULL · NYSE Arca

MicroSectors Gold - 3X Inverse Leveraged ETNs (DULL)

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Price: $78.07; —30 Oct 2026
Assets: $17.5M; Total net assets
Expense ratio: 0.95%; Category 0.00%
Yield: 0.00%; Trailing distributions

1Y return: -26.0%+13.5%; Category -39.6%
3Y CAGR: -57.0%-25.8%; Category -31.2%
5Y CAGR: —; Category -25.8%

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MicroSectors Gold - 3X Inverse Leveraged ETNs

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	+20.8%	+5.8%	+45.5%	-7.1%	-26.0%	-57.0%	—	—	-53.1%
Inverse Commodities average	9.2%	-1.1%	18.4%	-24.8%	-39.6%	-31.2%	-25.8%	-23.7%	-25.0%
Difference	+11.6%	+6.9%	+27.1%	+17.7%	+13.5%	-25.8%	—	—	-28.1%

Holdings

The 1 largest positions make up 100.0% of the fund.

Top holdings

Largest holdings by weight
Ticker	Holding	Weight
GLD	SPDR® Gold Shares	100.00%

Asset mix

What the fund is invested in.

Other100.0%

ETF details

Issuer: BMO Capital Markets
Category: Commodity · Inverse Commodities
Ticker: DULL
Exchange: NYSE Arca
Inception: 21 Feb 2023 (3.7 years)
Structure: Exchange Traded Fund
Expense ratio: 0.95% (category 0.00%)
Holdings turnover: 0%
Distribution yield: 0.00%
Beta, 3 years: -1.03
Total net assets: $17.5M

Prices and returns as of 30 Oct 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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