DGP vs. NUGT
Compare and contrast key facts about DB Gold Double Long Exchange Traded Notes (DGP) and Direxion Daily Gold Miners Bull 2X Shares (NUGT).
DGP and NUGT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DGP is a passively managed fund by Deutsche Bank that tracks the performance of the Deutsche Bank Liquid Commodity Index-Optimum Yield Gold (200%). It was launched on Feb 27, 2008. NUGT is a passively managed fund by Direxion that tracks the performance of the NYSE Arca Gold Miners Index (300%). It was launched on Apr 1, 2020. Both DGP and NUGT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DGP or NUGT.
Performance
DGP vs. NUGT - Performance Comparison
Returns By Period
In the year-to-date period, DGP achieves a 57.18% return, which is significantly higher than NUGT's 29.06% return. Over the past 10 years, DGP has outperformed NUGT with an annualized return of 11.03%, while NUGT has yielded a comparatively lower -22.53% annualized return.
DGP
57.18%
-5.91%
26.08%
66.10%
19.18%
11.03%
NUGT
29.06%
-26.49%
10.33%
47.08%
-19.18%
-22.53%
Key characteristics
| DGP | NUGT | |
|---|---|---|
| Sharpe Ratio | 2.21 | 0.75 |
| Sortino Ratio | 2.79 | 1.36 |
| Omega Ratio | 1.35 | 1.16 |
| Calmar Ratio | 1.48 | 0.47 |
| Martin Ratio | 12.66 | 2.95 |
| Ulcer Index | 5.15% | 16.02% |
| Daily Std Dev | 29.53% | 63.30% |
| Max Drawdown | -75.31% | -99.97% |
| Current Drawdown | -8.19% | -99.94% |
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DGP vs. NUGT - Expense Ratio Comparison
DGP has a 0.75% expense ratio, which is lower than NUGT's 1.23% expense ratio.
Correlation
The correlation between DGP and NUGT is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
DGP vs. NUGT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DB Gold Double Long Exchange Traded Notes (DGP) and Direxion Daily Gold Miners Bull 2X Shares (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.
Dividends
DGP vs. NUGT - Dividend Comparison
DGP has not paid dividends to shareholders, while NUGT's dividend yield for the trailing twelve months is around 1.61%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
DGP DB Gold Double Long Exchange Traded Notes | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NUGT Direxion Daily Gold Miners Bull 2X Shares | 1.61% | 1.66% | 0.70% | 0.00% | 0.00% | 0.63% | 0.57% |
Drawdowns
DGP vs. NUGT - Drawdown Comparison
The maximum DGP drawdown since its inception was -75.31%, smaller than the maximum NUGT drawdown of -99.97%. Use the drawdown chart below to compare losses from any high point for DGP and NUGT. For additional features, visit the drawdowns tool.
Volatility
DGP vs. NUGT - Volatility Comparison
The current volatility for DB Gold Double Long Exchange Traded Notes (DGP) is 11.56%, while Direxion Daily Gold Miners Bull 2X Shares (NUGT) has a volatility of 20.97%. This indicates that DGP 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.