Direxion Daily Gold Miners Index Bull 2X ETF (NUGT) belongs to the Gold category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with NUGT. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to NUGT
NUGT charges 1.13% annually. There are 39 ETFs in the Gold category with lower expense ratios, going as low as 0.09%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Gold Trust Micro | 0.09% | 6.66B | Jun 2021 | NUGT vs IAUM | |
| SPDR Gold MiniShares Trust | 0.10% | 28.75B | Jun 2018 | NUGT vs GLDM | |
| Franklin Responsibly Sourced Gold ETF | 0.15% | 437.03M | Jun 2022 | NUGT vs FGDL | |
| GraniteShares Gold Trust | 0.17% | 1.43B | Aug 2017 | NUGT vs BAR | |
| abrdn Physical Gold Shares ETF | 0.17% | 7.30B | Sep 2009 | NUGT vs SGOL |
Best Risk-Adjusted Alternatives to NUGT
NUGT has a PortfoliosLab risk / return rank of 23. There are 10 ETFs in the Gold category with higher risk-adjusted ranks, going as high as 39.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Sprott Junior Gold Miners ETF | 39 | 301.05M | Mar 2015 | NUGT vs SGDJ | |
| WisdomTree Efficient Gold Plus Equity Strategy Fun... | 34 | 525.87M | Mar 2022 | NUGT vs GDE | |
| Global X Gold Explorers ETF | 31 | 116.80M | Nov 2010 | NUGT vs GOEX | |
| Sprott Active Gold & Silver Miners ETF | 31 | 151.69M | Feb 2025 | NUGT vs GBUG | |
| iShares MSCI Global Gold Miners ETF | 30 | 2.43B | Jan 2012 | NUGT vs RING |
Top Performing NUGT Alternatives (YTD)
NUGT is at -32.09% YTD. There are 35 ETFs in the Gold category with higher YTD returns, going as high as 13.79%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| DB Gold Short Exchange Traded Notes | 13.79% | 1.84M | Feb 2008 | NUGT vs DGZ | |
| WisdomTree Efficient Gold Plus Equity Strategy Fun... | -0.50% | 525.87M | Mar 2022 | NUGT vs GDE | |
| ProShares UltraShort Gold | -1.30% | 107.19M | Dec 2008 | NUGT vs GLL | |
| FT Vest Gold Strategy Quarterly Buffer ETF | -3.71% | 49.20M | Jan 2021 | NUGT vs BGLD | |
| UBS AG ETRACS Gold Shares Covered Call ETNs due Fe... | -4.45% | 180.36M | Jan 2013 | NUGT vs GLDI |
Lowest Volatility Alternatives to NUGT
NUGT has 94.31% 1-year volatility. There are 37 ETFs in the Gold category with lower 1-year volatility, going as low as 12.55%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FT Vest Gold Strategy Quarterly Buffer ETF | 12.55% | 49.20M | Jan 2021 | NUGT vs BGLD | |
| UBS AG ETRACS Gold Shares Covered Call ETNs due Fe... | 15.99% | 180.36M | Jan 2013 | NUGT vs GLDI | |
| NEOS Gold High Income ETF | 21.42% | 472.53M | Jun 2025 | NUGT vs IAUI | |
| FT Vest Gold Strategy Target Income ETF | 24.40% | 543.16M | Mar 2021 | NUGT vs IGLD | |
| Defiance Gold Enhanced Options Income ETF | 24.59% | 30.11M | Apr 2025 | NUGT vs GLDY |
Lowest Drawdown Alternatives to NUGT
NUGT has a 1-year max drawdown of -63.43%. There are 31 ETFs in the Gold category with shallower 1-year drawdowns, going as shallow as -11.42%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FT Vest Gold Strategy Quarterly Buffer ETF | -11.42% | 49.20M | Jan 2021 | NUGT vs BGLD | |
| UBS AG ETRACS Gold Shares Covered Call ETNs due Fe... | -14.14% | 180.36M | Jan 2013 | NUGT vs GLDI | |
| NEOS Gold High Income ETF | -20.43% | 472.53M | Jun 2025 | NUGT vs IAUI | |
| FT Vest Gold Strategy Target Income ETF | -21.90% | 543.16M | Mar 2021 | NUGT vs IGLD | |
| WisdomTree Efficient Gold Plus Equity Strategy Fun... | -22.66% | 525.87M | Mar 2022 | NUGT vs GDE |
Other ETFs from Direxion
The 10 most viewed Direxion ETFs shown here include SOXL, SPXL, TECL and span 8 categories. AUM among these funds goes as high as $28B.
Often Compared With NUGT
Investors most often compare NUGT with GDXU, UGL, JNUG. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare NUGT with Any Fund or Stock
Compare NUGT with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair NUGT with funds that move differently
Direxion Daily Gold Miners Index Bull 2X ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NUGT.
Explore NUGT Diversifiers