FundNYSEARCACommodities (Gold ETNs)

MicroSectors™ Gold -3X Inverse Leveraged ETN

DULL NYSE Arca

Description The return on the MicroSectors™ Gold -3X Inverse Leveraged ETNs (the “-3X ETNs”) is linked to a three times inverse leveraged participation in the performance of the SPDR® Gold Trust (Ticker: GLD) (the “ETF”), compounded daily, minus the applicable fees. ey Risks An investment in the Mi...

78.07USD
−28.43 (−26.69%) 1 Year · close Oct 30

Hover to inspectDrag to measure a move← → to step through days

Dividend yield
0.00%
Trailing 12 months
Volatility · 1Y
84.5%
High Risk
Beta
-0.73
vs the market
52-week range
37.51112.50
01 Performance

How DULL has paid off

Price return over every period, and total return with dividends reinvested, set against price alone.

Return by period

Price · to Oct 30
Subpar performance Select a period to update every chart on the page.

Total return vs price return

Price only
0.0 pts
-60%-40%-20%0% DULL −26.7% Price −26.7%

Over 1 year, DULL returned −26.7% with dividends reinvested — dividends added 0.0 pts to the price move.

02 Risk

How bumpy is the ride?

Return only means something next to the risk taken to earn it. Volatility, drawdowns and market sensitivity over 1 year.

Volatility

Annualized · 1Y
84.5%High Risk

A typical year sees the price swing about ±85% around its trend.

Drawdown from peak

How far below its previous high the price has been
−66.7%
0%-38%−66.7%

Deepest fall −66.7% on Mar 2, 2026 — 118 days after the previous high
More than 5% below a high 98% of the time.

Market sensitivity

Beta
Market moves+10.0%
DULL tends to move−7.3%

A beta of -0.73 means DULL has moved less than the market.

Sharpe ratio -0.49 Return earned per unit of volatility
03 Technicals

Trend & momentum

Where the price sits against its moving averages, and how stretched the recent move is.

Price vs moving averages

Downtrend
78.07
  • 12-day average69.54 +12.3%
  • 26-day average66.56 +17.3%
  • 50-day average64.37 +21.3%
  • 200-day average75.29 +3.7%

The price is above 4 of 4 averages. The 50-day average is below the 200-day, a sign of a falling longer-term trend.

Relative strength (RSI)

Overbought
OversoldOverbought75.2

RSI compares recent gains with recent losses on a 0–100 scale. Above 70 a move is often considered stretched, below 30 washed out.

Technical indicators describe past prices. They are not a forecast.

04 Themes

Where DULL shows up

Curated themes and indices that hold DULL. Open one to see it in context, or test the whole theme in a portfolio.

05 Profile

About MicroSectors™ Gold -3X Inverse Leveraged ETN

Description The return on the MicroSectors™ Gold -3X Inverse Leveraged ETNs (the “-3X ETNs”) is linked to a three times inverse leveraged participation in the performance of the SPDR® Gold Trust (Ticker: GLD) (the “ETF”), compounded daily, minus the applicable fees. ey Risks An investment in the MicroSectors™ Gold -3X Inverse Leveraged ETNs (-3X ETNs) involves risks. Key risks are summarized here, but we urge you to read the more detailed explanation of risks described under “Risk Factors” in Bank of Montreal’s pricing supplement for these securities. Capitalized terms used but not defined herein have the meanings set forth in such pricing supplement.

  • Featured in 1 curated theme
Ticker
DULL
Exchange
NYSE Arca
ISIN
US0636795181
CUSIP
063679518
Currency
U.S. Dollar (USD)
Country
Canada
Sector
Commodities (Gold ETNs)
Industry
Inverse Gold ETNs
Benchmark
SPDR® Gold Trust
All key statistics

Details

NameMicroSectors™ Gold -3X Inverse Leveraged ETN
TickerDULL
ISINUS0636795181
CUSIP063679518
ExchangeNYSEARCA
CategoryCommodities (Gold ETNs)
Sub CategoryInverse Gold ETNs
CountryCanada
CurrencyU.S. Dollar
Inception DateFeb 24, 2023
BenchmarkSPDR® Gold Trust

Shareas of Oct 30, 2026

Close Price USD78.07
52W Low / High 37.51 / 112.50
1Y Total Return-27.38%
Subpar
1Y Volatility83.54%
High Risk
Beta-0.73
12M Dividends0.000
Last Dividend Date-
Dist. Frequency-
Dividend Yield0.00%

Dataas of Nov 2, 2026

AUM-
Discount/Premium-
NAV-
Shares Outstanding-
Volume 20D Avg-
Nbr of Holdings-
Risk Rank-
Net Expense-
Options available-
Next step

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Data for information only, not investment advice. Past performance does not guarantee future results.