ABRA.TO vs. NUGT

Last updated Jun 30, 2026

ABRA.TO (AbraSilver Resource Corp) is a stock, while NUGT (Direxion Daily Gold Miners Index Bull 2X ETF) is Gold fund tracking the MarketVector Global Gold Miners Index (200%). Over the past 10 years, ABRA.TO returned 121.51%/yr vs -13.37%/yr for NUGT. At a 0.27 correlation, their price movements are largely independent.

Performance

ABRA.TO vs. NUGT - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in AbraSilver Resource Corp (ABRA.TO) and Direxion Daily Gold Miners Index Bull 2X ETF (NUGT). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ABRA.TO is traded in CAD, while NUGT is traded in USD. To make them comparable, the NUGT values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, ABRA.TO achieves a 33.15% return, which is significantly higher than NUGT's -33.27% return. Over the past 10 years, ABRA.TO has outperformed NUGT with an annualized return of 121.51%, while NUGT has yielded a comparatively lower -13.37% annualized return.

ABRA.TO

• 1D: -1.66%
• 1M: -22.80%
• YTD: 33.15%
• 6M: 35.69%
• 1Y: 194.41%
• 3Y*: 115.54%
• 5Y*: 39.94%
• 10Y*: 121.51%

NUGT

• 1D: -3.55%
• 1M: -28.70%
• YTD: -33.27%
• 6M: -33.55%
• 1Y: 74.45%
• 3Y*: 55.60%
• 5Y*: 19.55%
• 10Y*: -13.37%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ABRA.TO vs. NUGT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ABRA.TO AbraSilver Resource Corp	33.15%	356.41%	40.12%	-4.57%	-7.89%	-26.92%	766.67%	9.09%	-77.08%	11,900.00%
NUGT Direxion Daily Gold Miners Index Bull 2X ETF	-33.27%	401.08%	11.61%	0.16%	-27.79%	-26.35%	-61.11%	92.46%	-39.86%	-3.29%

Correlation

The correlation between ABRA.TO and NUGT is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.55
Correlation (10Y) Calculated over the trailing 10-year period	0.38
Correlation (All Time) Calculated using the full available price history since Dec 8, 2010	0.27

Over the past year, ABRA.TO and NUGT have become more correlated (0.68) than their long-term average of 0.27, meaning their price movements have been converging.

Return for Risk

ABRA.TO vs. NUGT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ABRA.TO

ABRA.TO Risk / Return Rank: 90
ABRA.TO Sharpe Ratio Rank: 93
ABRA.TO Sortino Ratio Rank: 87
ABRA.TO Omega Ratio Rank: 85
ABRA.TO Calmar Ratio Rank: 92
ABRA.TO Martin Ratio Rank: 93

NUGT

NUGT Risk / Return Rank: 25
NUGT Sharpe Ratio Rank: 21
NUGT Sortino Ratio Rank: 27
NUGT Omega Ratio Rank: 30
NUGT Calmar Ratio Rank: 24
NUGT Martin Ratio Rank: 21

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ABRA.TO vs. NUGT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AbraSilver Resource Corp (ABRA.TO) and Direxion Daily Gold Miners Index Bull 2X ETF (NUGT). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ABRA.TO	NUGT	Difference
Sharpe ratio: Return per unit of total volatility	2.44	0.79	+1.64
Sortino ratio: Return per unit of downside risk	2.68	1.47	+1.21
Omega ratio: Gain probability vs. loss probability	1.33	1.20	+0.13
Calmar ratio: Return relative to maximum drawdown	4.50	1.19	+3.30
Martin ratio: Return relative to average drawdown	13.71	2.73	+10.98

ABRA.TO vs. NUGT - Sharpe Ratio Comparison

The current ABRA.TO Sharpe Ratio is 2.44, which is higher than the NUGT Sharpe Ratio of 0.79. The chart below compares the historical Sharpe Ratios of ABRA.TO and NUGT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ABRA.TO vs. NUGT - Drawdown Comparison

The maximum ABRA.TO drawdown since its inception was -100.00%, roughly equal to the maximum NUGT drawdown of -99.96%. Use the drawdown chart below to compare losses from any high point for ABRA.TO and NUGT.

Drawdown Indicators

	ABRA.TO	NUGT	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-99.96%	-0.04%
Max Drawdown (1Y) Largest decline over 1 year	-43.50%	-62.69%	+19.19%
Max Drawdown (3Y) Largest decline over 3 years	-43.50%	-62.69%	+19.19%
Max Drawdown (5Y) Largest decline over 5 years	-61.67%	-71.71%	+10.04%
Max Drawdown (10Y) Largest decline over 10 years	-94.44%	-96.80%	+2.36%
Current Drawdown Current decline from peak	-95.66%	-99.78%	+4.12%
Average Drawdown Average peak-to-trough decline	-96.93%	-91.42%	-5.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.25%	27.39%	-13.14%

Volatility

ABRA.TO vs. NUGT - Volatility Comparison

The current volatility for AbraSilver Resource Corp (ABRA.TO) is 27.09%, while Direxion Daily Gold Miners Index Bull 2X ETF (NUGT) has a volatility of 34.20%. This indicates that ABRA.TO experiences smaller price fluctuations and is considered to be less risky than NUGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ABRA.TO	NUGT	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.09%	34.20%	-7.11%
Volatility (6M) Calculated over the trailing 6-month period	64.09%	80.45%	-16.36%
Volatility (1Y) Calculated over the trailing 1-year period	80.43%	94.40%	-13.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.29%	73.17%	+2.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1,621.47%	88.05%	+1,533.42%

Dividends

ABRA.TO vs. NUGT - Dividend Comparison

ABRA.TO has not paid dividends to shareholders, while NUGT's dividend yield for the trailing twelve months is around 0.61%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
ABRA.TO AbraSilver Resource Corp	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NUGT Direxion Daily Gold Miners Index Bull 2X ETF	0.61%	0.22%	1.79%	1.67%	0.70%	0.00%	0.00%	0.63%	0.57%

Frequently Asked Questions

Can I hold both ABRA.TO and NUGT in my portfolio?

ABRA.TO and NUGT have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.