DRIP vs. NUGT
DRIP (Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares) and NUGT (Direxion Daily Gold Miners Index Bull 2X ETF) are both exchange-traded funds - DRIP is a Leveraged Equities fund tracking the S&P Oil & Gas Exploration & Production Select Industry Index (-300%), while NUGT is a Gold fund tracking the MarketVector Global Gold Miners Index (200%). Both are passively managed. Over the past 10 years, DRIP returned -42.61%/yr vs -14.83%/yr for NUGT. Their -0.13 correlation means they have often moved in opposite directions in the past. DRIP charges 1.07%/yr vs 1.13%/yr for NUGT.
Performance
DRIP vs. NUGT - Performance Comparison
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Returns By Period
In the year-to-date period, DRIP achieves a -53.72% return, which is significantly lower than NUGT's -36.38% return. Over the past 10 years, DRIP has underperformed NUGT with an annualized return of -42.61%, while NUGT has yielded a comparatively higher -14.83% annualized return.
DRIP
- 1D
- 3.59%
- 1M
- -22.42%
- 6M
- -46.02%
- YTD
- -53.72%
- 1Y
- -57.86%
- 3Y*
- -24.65%
- 5Y*
- -45.76%
- 10Y*
- -42.61%
- ALL TIME*
- -41.99%
NUGT
- 1D
- 5.19%
- 1M
- -7.49%
- 6M
- -45.25%
- YTD
- -36.38%
- 1Y
- 57.08%
- 3Y*
- 54.30%
- 5Y*
- 15.14%
- 10Y*
- -14.83%
- ALL TIME*
- -33.61%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $16.92M | $63.12M | $132.02M | |
| $68.67M | $68.41M | $88.15M |
DRIP vs. NUGT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares | -53.72% | -14.81% | 1.27% | -17.24% | -73.57% | -79.74% | -42.76% | -36.11% | 49.62% | -9.05% |
NUGT Direxion Daily Gold Miners Index Bull 2X ETF | -36.38% | 425.05% | 2.89% | 2.60% | -32.10% | -26.31% | -60.16% | 100.73% | -44.52% | 3.73% |
Correlation
The correlation between DRIP and NUGT is 0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.08 |
Correlation (3Y) Balances recent behavior with more history. | -0.09 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.19 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.12 |
Correlation (All Time) Calculated using the full available price history since May 29, 2015 | -0.13 |
The correlation between DRIP and NUGT shifts across timeframes, from -0.19 (5 years) to 0.08 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DRIP vs. NUGT — Risk / Return Rank
DRIP
NUGT
DRIP vs. NUGT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) 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.
| DRIP | NUGT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.62 | ||
| Sortino ratioReturn per unit of downside risk | -3.06 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.18 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.93 | 0.85 | -1.78 |
| Martin ratioReturn relative to average drawdown | -1.52 | 1.69 | -3.21 |
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Drawdowns
DRIP vs. NUGT - Drawdown Comparison
The maximum DRIP drawdown since its inception was -99.95%, roughly equal to the maximum NUGT drawdown of -99.97%. Use the drawdown chart below to compare losses from any high point for DRIP and NUGT.
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Drawdown Indicators
| DRIP | NUGT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.95% | -99.97% | +0.02% |
Max Drawdown (1Y)Largest decline over 1 year | -62.18% | -67.40% | +5.22% |
Max Drawdown (3Y)Largest decline over 3 years | -76.02% | -67.40% | -8.62% |
Max Drawdown (5Y)Largest decline over 5 years | -96.24% | -73.72% | -22.52% |
Max Drawdown (10Y)Largest decline over 10 years | -99.92% | -96.89% | -3.03% |
Current DrawdownCurrent decline from peak | -99.94% | -99.85% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -90.56% | -91.59% | +1.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.17% | 33.85% | +4.32% |
Volatility
DRIP vs. NUGT - Volatility Comparison
The current volatility for Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) is 17.47%, while Direxion Daily Gold Miners Index Bull 2X ETF (NUGT) has a volatility of 24.03%. This indicates that DRIP 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.
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Volatility by Period
| DRIP | NUGT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.47% | 24.03% | -6.56% |
Volatility (6M)Calculated over the trailing 6-month period | 44.98% | 74.99% | -30.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.84% | 96.28% | -39.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.64% | 73.68% | -6.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 95.72% | 87.41% | +8.31% |
DRIP vs. NUGT - Expense Ratio Comparison
DRIP has a 1.07% expense ratio, which is lower than NUGT's 1.13% expense ratio.
Dividends
DRIP vs. NUGT - Dividend Comparison
DRIP's dividend yield for the trailing twelve months is around 3.84%, more than NUGT's 0.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares | 3.84% | 2.86% | 4.38% | 5.09% | 0.00% | 0.00% | 0.01% | 0.96% | 0.58% |
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
DRIP and NUGT have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NUGT has higher volatility (24.03%) compared to DRIP (17.47%). In terms of maximum drawdown, DRIP dropped -99.95% vs NUGT's -99.97%.
On 10-year performance, NUGT leads with -14.83% vs -42.61% for DRIP. On fees, DRIP is cheaper at 1.07% per year. On volatility, DRIP has been the lower-risk option at 17.47%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, NUGT has performed better with a -14.83% return vs -42.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DRIP is cheaper with a 1.07% expense ratio, compared with 1.13% for NUGT.
DRIP has the higher dividend yield at 3.84%, compared with 0.61% for NUGT.
DRIP is categorized as Leveraged Equities, while NUGT is Gold. DRIP tracks S&P Oil & Gas Exploration & Production Select Industry Index (-300%), while NUGT tracks MarketVector Global Gold Miners Index (200%). Their fees differ too: 1.07% for DRIP and 1.13% for NUGT.
NUGT currently has the higher Sharpe Ratio (0.60 vs -1.02), 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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