GDXU vs. NUGT
Compare and contrast key facts about MicroSectors Gold Miners 3X Leveraged ETN (GDXU) and Direxion Daily Gold Miners Bull 2X Shares (NUGT).
GDXU and NUGT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GDXU is a passively managed fund by BMO Financial Group that tracks the performance of the S-Network MicroSectors Gold Miners Index. It was launched on Dec 2, 2020. 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 GDXU 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: GDXU or NUGT.
Key characteristics
| GDXU | NUGT | |
|---|---|---|
| YTD Return | -3.83% | 13.01% |
| 1Y Return | 23.45% | 37.26% |
| 3Y Return (Ann) | -40.30% | -11.99% |
| Sharpe Ratio | 0.42 | 0.78 |
| Sortino Ratio | 1.24 | 1.39 |
| Omega Ratio | 1.15 | 1.17 |
| Calmar Ratio | 0.44 | 0.49 |
| Martin Ratio | 1.78 | 3.23 |
| Ulcer Index | 23.39% | 15.30% |
| Daily Std Dev | 98.82% | 63.34% |
| Max Drawdown | -94.39% | -99.97% |
| Current Drawdown | -89.70% | -99.95% |
Correlation
The correlation between GDXU and NUGT is 0.99, 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.
Performance
GDXU vs. NUGT - Performance Comparison
In the year-to-date period, GDXU achieves a -3.83% return, which is significantly lower than NUGT's 13.01% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GDXU vs. NUGT - Expense Ratio Comparison
GDXU has a 0.95% expense ratio, which is lower than NUGT's 1.23% expense ratio.
Risk-Adjusted Performance
GDXU vs. NUGT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Gold Miners 3X Leveraged ETN (GDXU) 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
GDXU vs. NUGT - Dividend Comparison
GDXU has not paid dividends to shareholders, while NUGT's dividend yield for the trailing twelve months is around 1.83%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
GDXU MicroSectors Gold Miners 3X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NUGT Direxion Daily Gold Miners Bull 2X Shares | 1.83% | 1.66% | 0.70% | 0.00% | 0.00% | 0.63% | 0.57% |
Drawdowns
GDXU vs. NUGT - Drawdown Comparison
The maximum GDXU drawdown since its inception was -94.39%, smaller than the maximum NUGT drawdown of -99.97%. Use the drawdown chart below to compare losses from any high point for GDXU and NUGT. For additional features, visit the drawdowns tool.
Volatility
GDXU vs. NUGT - Volatility Comparison
MicroSectors Gold Miners 3X Leveraged ETN (GDXU) has a higher volatility of 31.42% compared to Direxion Daily Gold Miners Bull 2X Shares (NUGT) at 20.82%. This indicates that GDXU'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.