ASMU vs. NUGT
ASMU (Direxion Daily ASML Bull 2X ETF) and NUGT (Direxion Daily Gold Miners Index Bull 2X ETF) are both exchange-traded funds - ASMU is a Leveraged Equities fund actively managed by Direxion, while NUGT is a Gold fund tracking the MarketVector Global Gold Miners Index (200%). ASMU is actively managed, while NUGT is passively managed. Their 0.45 correlation means their historical movements had little consistent relationship. ASMU charges 0.97%/yr vs 1.13%/yr for NUGT.
Performance
ASMU vs. NUGT - Performance Comparison
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Returns By Period
ASMU
- 1D
- -2.65%
- 1M
- -17.30%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
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) |
|---|---|---|---|
| $4.73M | $6.77M | $4.71M | |
| $66.79M | $70.57M | $87.96M |
ASMU vs. NUGT - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
ASMU Direxion Daily ASML Bull 2X ETF | 7.22% |
NUGT Direxion Daily Gold Miners Index Bull 2X ETF | -56.00% |
Correlation
The correlation between ASMU and NUGT is 0.45, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 11, 2026 | 0.45 |
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Return for Risk
ASMU vs. NUGT — Risk / Return Rank
ASMU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
NUGT
ASMU vs. NUGT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily ASML Bull 2X ETF (ASMU) 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.
| ASMU | NUGT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.17 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.80 | — |
| Martin ratioReturn relative to average drawdown | — | 1.61 | — |
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Drawdowns
ASMU vs. NUGT - Drawdown Comparison
The maximum ASMU drawdown since its inception was -41.09%, smaller than the maximum NUGT drawdown of -99.97%. Use the drawdown chart below to compare losses from any high point for ASMU and NUGT.
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Drawdown Indicators
| ASMU | NUGT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.09% | -99.97% | +58.88% |
Max Drawdown (1Y)Largest decline over 1 year | — | -67.40% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -67.40% | — |
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 | -35.18% | -99.86% | +64.68% |
Average DrawdownAverage peak-to-trough decline | -14.22% | -91.59% | +77.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 33.61% | — |
Volatility
ASMU vs. NUGT - Volatility Comparison
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Volatility by Period
| ASMU | NUGT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 24.98% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 80.05% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 106.89% | 96.01% | +10.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 106.89% | 73.62% | +33.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 106.89% | 87.38% | +19.51% |
ASMU vs. NUGT - Expense Ratio Comparison
ASMU has a 0.97% expense ratio, which is lower than NUGT's 1.13% expense ratio.
Dividends
ASMU vs. NUGT - Dividend Comparison
ASMU's dividend yield for the trailing twelve months is around 0.67%, more than NUGT's 0.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ASMU Direxion Daily ASML Bull 2X ETF | 0.67% | 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 | 0.65% | 0.22% | 1.79% | 1.67% | 0.70% | 0.00% | 0.00% | 0.63% | 0.57% |
Frequently Asked Questions
ASMU and NUGT have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ASMU is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ASMU is cheaper with a 0.97% expense ratio, compared with 1.13% for NUGT.
ASMU has the higher dividend yield at 0.67%, compared with 0.65% for NUGT.
ASMU is categorized as Leveraged Equities, while NUGT is Gold. Their fees differ too: 0.97% for ASMU and 1.13% for NUGT.
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