AMZU vs. NUGT
AMZU (Direxion Daily AMZN Bull 2X Shares) and NUGT (Direxion Daily Gold Miners Index Bull 2X ETF) are both exchange-traded funds - AMZU is a Leveraged Equities fund tracking the Amazon.com, Inc. (200%), while NUGT is a Gold fund tracking the MarketVector Global Gold Miners Index (200%). Both are passively managed. Over the past 3 years, AMZU returned 26.76%/yr vs 49.26%/yr for NUGT. Their 0.17 correlation means their historical movements had little consistent relationship. AMZU charges 0.99%/yr vs 1.13%/yr for NUGT.
Performance
AMZU vs. NUGT - Performance Comparison
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Returns By Period
In the year-to-date period, AMZU achieves a 20.75% return, which is significantly higher than NUGT's -39.52% return.
AMZU
- 1D
- 29.73%
- 1M
- 21.60%
- 6M
- 14.03%
- YTD
- 20.75%
- 1Y
- 28.33%
- 3Y*
- 26.76%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 17.69%
NUGT
- 1D
- -6.72%
- 1M
- -12.05%
- 6M
- -48.02%
- YTD
- -39.52%
- 1Y
- 49.33%
- 3Y*
- 49.26%
- 5Y*
- 13.78%
- 10Y*
- -16.18%
- ALL TIME*
- -33.84%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $124.23M | $117.55M | $117.81M | |
| $66.79M | $70.57M | $87.96M |
AMZU vs. NUGT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AMZU Direxion Daily AMZN Bull 2X Shares | 20.75% | -11.59% | 60.99% | 118.70% | -49.82% |
NUGT Direxion Daily Gold Miners Index Bull 2X ETF | -39.52% | 425.05% | 2.89% | 2.60% | 41.74% |
Correlation
The correlation between AMZU and NUGT is 0.16, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.16 |
Correlation (3Y) Balances recent behavior with more history. | 0.13 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2022 | 0.17 |
AMZU vs. NUGT - Sectors Allocation Comparison
Sectors
AMZU
NUGT
Consumer Cyclical
-
Basic Materials
-
Communication Services
-
-
Consumer Defensive
-
-
Energy
-
-
Financial Services
-
-
Healthcare
-
-
Industrials
-
-
Real Estate
-
-
Technology
-
-
Utilities
-
-
Consumer Cyclical
AMZU
NUGT
-
Basic Materials
AMZU
-
NUGT
Communication Services
AMZU
-
NUGT
-
Consumer Defensive
AMZU
-
NUGT
-
Energy
AMZU
-
NUGT
-
Financial Services
AMZU
-
NUGT
-
Healthcare
AMZU
-
NUGT
-
Industrials
AMZU
-
NUGT
-
Real Estate
AMZU
-
NUGT
-
Technology
AMZU
-
NUGT
-
Utilities
AMZU
-
NUGT
-
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Return for Risk
AMZU vs. NUGT — Risk / Return Rank
AMZU
NUGT
AMZU vs. NUGT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AMZN Bull 2X Shares (AMZU) 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.
| AMZU | NUGT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.17 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.17 | 0.80 | -0.64 |
| Martin ratioReturn relative to average drawdown | 0.33 | 1.61 | -1.28 |
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Drawdowns
AMZU vs. NUGT - Drawdown Comparison
The maximum AMZU drawdown since its inception was -55.59%, smaller than the maximum NUGT drawdown of -99.97%. Use the drawdown chart below to compare losses from any high point for AMZU and NUGT.
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Drawdown Indicators
| AMZU | NUGT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.59% | -99.97% | +44.38% |
Max Drawdown (1Y)Largest decline over 1 year | -42.98% | -67.40% | +24.42% |
Max Drawdown (3Y)Largest decline over 3 years | -55.47% | -67.40% | +11.93% |
Max Drawdown (5Y)Largest decline over 5 years | — | -73.72% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -96.89% | — |
Current DrawdownCurrent decline from peak | -11.06% | -99.86% | +88.80% |
Average DrawdownAverage peak-to-trough decline | -22.09% | -91.59% | +69.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.42% | 33.61% | -12.19% |
Volatility
AMZU vs. NUGT - Volatility Comparison
Direxion Daily AMZN Bull 2X Shares (AMZU) has a higher volatility of 31.08% compared to Direxion Daily Gold Miners Index Bull 2X ETF (NUGT) at 24.98%. This indicates that AMZU's price experiences larger fluctuations and is considered to be riskier than NUGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMZU | NUGT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 31.08% | 24.98% | +6.10% |
Volatility (6M)Calculated over the trailing 6-month period | 52.00% | 80.05% | -28.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.05% | 96.01% | -25.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.30% | 73.62% | -12.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.30% | 87.38% | -26.08% |
AMZU vs. NUGT - Expense Ratio Comparison
AMZU has a 0.99% expense ratio, which is lower than NUGT's 1.13% expense ratio.
Dividends
AMZU vs. NUGT - Dividend Comparison
AMZU's dividend yield for the trailing twelve months is around 4.83%, more than NUGT's 0.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AMZU Direxion Daily AMZN Bull 2X Shares | 4.83% | 6.12% | 3.79% | 3.37% | 0.50% | 0.00% | 0.00% | 0.00% | 0.00% |
NUGT Direxion Daily Gold Miners Index Bull 2X ETF | 0.65% | 0.22% | 1.79% | 1.67% | 0.70% | 0.00% | 0.00% | 0.63% | 0.57% |
Frequently Asked Questions
AMZU and NUGT have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMZU has higher volatility (31.08%) compared to NUGT (24.98%). In terms of maximum drawdown, AMZU dropped -55.59% vs NUGT's -99.97%.
On 3-year performance, NUGT leads with 49.26% vs 26.76% for AMZU. On fees, AMZU is cheaper at 0.99% per year. On volatility, NUGT has been the lower-risk option at 24.98%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, NUGT has performed better with a 49.26% return vs 26.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AMZU is cheaper with a 0.99% expense ratio, compared with 1.13% for NUGT.
AMZU has the higher dividend yield at 4.83%, compared with 0.65% for NUGT.
AMZU is categorized as Leveraged Equities, while NUGT is Gold. AMZU tracks Amazon.com, Inc. (200%), while NUGT tracks MarketVector Global Gold Miners Index (200%). Their fees differ too: 0.99% for AMZU and 1.13% for NUGT.
NUGT currently has the higher Sharpe Ratio (0.56 vs 0.10), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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