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DUST NUGT ARB
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Diversification

Asset Allocation


Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in DUST NUGT ARB, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every 3 months.


100.00%200.00%300.00%400.00%December2025FebruaryMarchAprilMay
107.64%
360.80%
DUST NUGT ARB
Benchmark (^GSPC)
Portfolio components

The earliest data available for this chart is Dec 8, 2010, corresponding to the inception date of DUST

Returns By Period

As of May 10, 2025, the DUST NUGT ARB returned 3.27% Year-To-Date and 4.92% of annualized return in the last 10 years.


YTD1M6M1Y5Y*10Y*
^GSPC
S&P 500
-3.77%3.72%-5.60%8.55%14.11%10.45%
DUST NUGT ARB3.27%1.20%2.11%2.29%1.33%4.92%
DUST
Direxion Daily Gold Miners Bear 2X Shares
-59.26%-23.50%-48.69%-60.64%-35.72%-56.31%
NUGT
Direxion Daily Gold Miners Bull 2X Shares
104.42%22.95%53.87%72.53%0.60%-16.59%
USD=X
USD Cash
0.00%0.00%0.00%0.00%0.00%0.00%
TQQQ
ProShares UltraPro QQQ
-25.26%12.09%-28.29%1.68%25.77%28.66%
SQQQ
ProShares UltraPro Short QQQ
-6.16%-15.99%-5.10%-41.55%-50.83%-50.39%
TMF
Direxion Daily 20-Year Treasury Bull 3X
-3.12%-6.61%-18.58%-16.70%-35.47%-12.90%
TMV
Direxion Daily 20-Year Treasury Bear 3X
-1.33%5.41%15.58%6.62%25.31%-6.05%
SPXS
Direxion Daily S&P 500 Bear 3X Shares
0.47%-12.01%7.45%-27.30%-40.14%-37.49%
SPXL
Direxion Daily S&P 500 Bull 3X Shares
-20.00%9.72%-25.81%5.10%29.50%19.56%
DRV
Direxion Daily Real Estate Bear 3x Shares
-12.08%-16.67%7.12%-31.91%-32.49%-30.53%
DRN
Direxion Daily Real Estate Bull 3x Shares
-0.51%17.80%-20.88%17.36%3.86%-3.77%
*Annualized

Monthly Returns

The table below presents the monthly returns of DUST NUGT ARB, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025-0.02%-0.14%-2.03%5.78%-0.19%3.27%
2024-0.40%-0.46%1.45%-0.57%1.23%0.37%-0.03%-0.06%-0.60%0.16%0.61%-1.67%-0.02%
2023-1.09%2.62%-0.58%0.43%0.14%-1.11%0.04%0.78%-2.16%0.79%-0.67%-4.38%-5.23%
20220.15%-0.14%2.89%-1.86%1.56%-4.88%-0.74%2.59%0.80%1.98%0.38%3.12%5.72%
20211.26%-0.30%-0.25%-0.58%-0.60%0.47%0.29%0.05%1.10%-0.49%0.69%-0.76%0.85%
20200.41%0.22%26.93%-0.01%-2.67%-0.54%-1.40%-2.34%6.50%1.58%-0.03%-0.48%28.14%
2019-2.08%-0.48%-1.35%-0.40%1.56%-0.25%0.96%-1.24%3.44%0.79%-0.05%-0.86%-0.09%
20180.00%0.64%2.96%0.96%-0.01%-0.04%0.22%-2.12%0.26%1.24%1.50%-2.36%3.18%
20170.42%0.51%1.36%0.77%0.40%0.99%0.39%-0.20%1.53%0.12%0.07%0.27%6.83%
20161.37%-7.17%1.36%-3.40%7.30%-4.53%-0.40%2.58%2.16%1.04%-2.59%3.75%0.59%
2015-1.80%3.94%3.79%0.46%1.34%0.34%-3.39%7.81%0.45%-0.81%2.78%2.28%18.06%
2014-0.45%-2.41%4.07%0.93%-0.26%0.03%1.14%-0.11%-0.82%-1.95%5.13%2.07%7.34%

Expense Ratio

DUST NUGT ARB has an expense ratio of -1.05%, which is considered low. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.


Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of DUST NUGT ARB is 19, meaning it’s performing worse than 81% of other portfolios on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of DUST NUGT ARB is 1919
Overall Rank
The Sharpe Ratio Rank of DUST NUGT ARB is 1616
Sharpe Ratio Rank
The Sortino Ratio Rank of DUST NUGT ARB is 2727
Sortino Ratio Rank
The Omega Ratio Rank of DUST NUGT ARB is 2222
Omega Ratio Rank
The Calmar Ratio Rank of DUST NUGT ARB is 1313
Calmar Ratio Rank
The Martin Ratio Rank of DUST NUGT ARB is 1818
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

This table presents a comparison of risk-adjusted performance metrics for positions. Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.



Portfolio components
Sharpe ratioSortino ratioOmega ratioCalmar ratioMartin ratio
DUST
Direxion Daily Gold Miners Bear 2X Shares
-0.91-1.470.83-0.60-1.75
NUGT
Direxion Daily Gold Miners Bull 2X Shares
1.061.711.220.733.84
USD=X
USD Cash
TQQQ
ProShares UltraPro QQQ
0.020.371.05-0.13-0.33
SQQQ
ProShares UltraPro Short QQQ
-0.55-0.290.96-0.36-1.12
TMF
Direxion Daily 20-Year Treasury Bull 3X
-0.39-0.400.95-0.21-0.77
TMV
Direxion Daily 20-Year Treasury Bear 3X
0.150.661.070.110.62
SPXS
Direxion Daily S&P 500 Bear 3X Shares
-0.47-0.250.97-0.24-0.91
SPXL
Direxion Daily S&P 500 Bull 3X Shares
0.090.401.06-0.00-0.01
DRV
Direxion Daily Real Estate Bear 3x Shares
-0.58-0.620.93-0.31-0.90
DRN
Direxion Daily Real Estate Bull 3x Shares
0.320.751.100.210.83

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

DUST NUGT ARB Sharpe ratios as of May 10, 2025 (values are recalculated daily):

  • 1-Year: 0.30
  • 5-Year: 0.13
  • 10-Year: 0.36
  • All Time: 0.39

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

Compared to the broad market, where average Sharpe ratios range from 0.41 to 0.94, this portfolio's current Sharpe ratio places it in the bottom 25%. This suggests weaker risk-adjusted returns than most portfolios, possibly due to lower returns, higher volatility, or both. It may be worth reviewing the allocation. You can use the Portfolio Optimization tool to explore options for improving the Sharpe ratio.

The chart below shows the rolling Sharpe ratio of DUST NUGT ARB compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00December2025FebruaryMarchAprilMay
0.30
0.44
DUST NUGT ARB
Benchmark (^GSPC)
Portfolio components

Dividends

Dividend yield

DUST NUGT ARB provided a -4.27% dividend yield over the last twelve months.


TTM20242023202220212020201920182017201620152014
Portfolio-4.27%-3.97%-3.69%-0.66%-0.44%-1.18%-1.62%-1.00%-0.53%0.00%0.00%0.00%
DUST
Direxion Daily Gold Miners Bear 2X Shares
8.86%5.01%4.47%0.00%0.00%3.64%2.47%0.37%0.00%0.00%0.00%0.00%
NUGT
Direxion Daily Gold Miners Bull 2X Shares
0.81%1.79%1.66%0.70%0.00%0.00%0.63%0.57%0.00%0.00%0.00%0.00%
USD=X
USD Cash
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
TQQQ
ProShares UltraPro QQQ
1.67%1.27%1.26%0.57%0.00%0.00%0.06%0.11%0.00%0.00%0.01%0.03%
SQQQ
ProShares UltraPro Short QQQ
9.89%10.23%8.01%0.28%0.00%2.15%2.92%1.47%0.14%0.00%0.00%0.00%
TMF
Direxion Daily 20-Year Treasury Bull 3X
4.37%4.29%2.82%1.62%0.13%2.23%0.94%1.49%0.41%0.00%0.00%0.00%
TMV
Direxion Daily 20-Year Treasury Bear 3X
3.34%3.41%3.87%0.00%0.00%0.52%2.25%0.89%0.00%0.00%0.00%0.00%
SPXS
Direxion Daily S&P 500 Bear 3X Shares
5.38%6.18%5.66%0.00%0.00%0.51%1.74%0.58%0.00%0.00%0.00%0.00%
SPXL
Direxion Daily S&P 500 Bull 3X Shares
1.00%0.74%0.98%0.33%0.11%0.22%0.84%1.02%3.88%0.00%0.00%0.00%
DRV
Direxion Daily Real Estate Bear 3x Shares
4.89%4.58%5.35%0.38%0.00%0.58%1.72%0.42%0.00%0.00%0.00%0.00%
DRN
Direxion Daily Real Estate Bull 3x Shares
2.50%2.24%2.84%2.70%4.21%1.90%2.59%3.11%0.91%0.00%0.00%0.00%

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


-20.00%-15.00%-10.00%-5.00%0.00%December2025FebruaryMarchAprilMay
-4.53%
-7.88%
DUST NUGT ARB
Benchmark (^GSPC)
Portfolio components

Worst Drawdowns

The table below displays the maximum drawdowns of the DUST NUGT ARB. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the DUST NUGT ARB was 16.42%, occurring on Aug 15, 2013. Recovery took 388 trading sessions.

The current DUST NUGT ARB drawdown is 4.53%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-16.42%Aug 2, 2012271Aug 15, 2013388Feb 10, 2015659
-12.43%Jun 3, 20228Jun 14, 2022119Nov 28, 2022127
-12.33%Mar 18, 20204Mar 23, 20201Mar 24, 20205
-11.16%Mar 14, 2023541Apr 8, 2025
-10.76%Apr 22, 202096Sep 2, 2020327Dec 3, 2021423

Volatility

Volatility Chart

The current DUST NUGT ARB volatility is 1.54%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


0.00%5.00%10.00%15.00%December2025FebruaryMarchAprilMay
1.54%
6.82%
DUST NUGT ARB
Benchmark (^GSPC)
Portfolio components

Diversification

Diversification Metrics


Number of Effective Assets

The portfolio contains 11 assets, with an effective number of assets of 0.24, reflecting the diversification based on asset allocation. This number of effective assets suggests a highly concentrated portfolio, where a few assets dominate the allocation, potentially increasing the portfolio's risk due to lack of diversification.

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.

^GSPCUSD=XTMFTMVNUGTDUSTDRNDRVTQQQSQQQSPXSSPXLPortfolio
^GSPC1.000.00-0.250.250.18-0.180.62-0.620.90-0.90-1.001.00-0.09
USD=X0.000.000.000.000.000.000.000.000.000.000.000.000.00
TMF-0.250.001.00-1.000.15-0.150.01-0.01-0.180.180.25-0.250.01
TMV0.250.00-1.001.00-0.140.14-0.010.010.18-0.18-0.250.25-0.01
NUGT0.180.000.15-0.141.00-1.000.20-0.200.15-0.15-0.180.18-0.15
DUST-0.180.00-0.150.14-1.001.00-0.200.20-0.150.160.18-0.180.14
DRN0.620.000.01-0.010.20-0.201.00-0.990.48-0.48-0.610.61-0.07
DRV-0.620.00-0.010.01-0.200.20-0.991.00-0.480.480.62-0.620.07
TQQQ0.900.00-0.180.180.15-0.150.48-0.481.00-1.00-0.900.90-0.10
SQQQ-0.900.000.18-0.18-0.150.16-0.480.48-1.001.000.90-0.900.09
SPXS-1.000.000.25-0.25-0.180.18-0.610.62-0.900.901.00-1.000.09
SPXL1.000.00-0.250.250.18-0.180.61-0.620.90-0.90-1.001.00-0.09
Portfolio-0.090.000.01-0.01-0.150.14-0.070.07-0.100.090.09-0.091.00
The correlation results are calculated based on daily price changes starting from Dec 9, 2010