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GLDW vs. NUGT
Performance
Return for Risk
Dividends
Drawdowns
Volatility

GLDW vs. NUGT

Last updated Apr 1, 2026

Compare and contrast key facts about Roundhill Gold WeeklyPay ETF (GLDW) and Direxion Daily Gold Miners Bull 2X Shares (NUGT).

GLDW and NUGT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GLDW is an actively managed fund by State Street. It was launched on Oct 30, 2025. 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.

Performance

GLDW vs. NUGT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Gold WeeklyPay ETF (GLDW) and Direxion Daily Gold Miners Bull 2X Shares (NUGT). The values are adjusted to include any dividend payments, if applicable.

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GLDW vs. NUGT - Yearly Performance Comparison

2026 (YTD)2025
GLDW
Roundhill Gold WeeklyPay ETF		8.62%7.63%
NUGT
Direxion Daily Gold Miners Bull 2X Shares		2.59%35.34%

Returns By Period

In the year-to-date period, GLDW achieves a 8.62% return, which is significantly higher than NUGT's 2.59% return.

GLDW

1D
4.69%
1M
-13.64%
YTD
8.62%
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—

NUGT

1D
14.02%
1M
-39.84%
YTD
2.59%
6M
22.25%
1Y
204.10%
3Y*
67.13%
5Y*
27.67%
10Y*
-1.76%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Roundhill Gold WeeklyPay ETF

Direxion Daily Gold Miners Bull 2X Shares

Often compared with GLDW:
GLDW vs. GDXWGLDW vs. KGLDGLDW vs. GDXYGLDW vs. GLDGLDW vs. IAUIGLDW vs. GLDMGLDW vs. GLDI
Often compared with NUGT:
NUGT vs. GDXUNUGT vs. UGLNUGT vs. JNUGNUGT vs. GLDNUGT vs. DUSTNUGT vs. SILNUGT vs. JDST

GLDW vs. NUGT - Expense Ratio Comparison

GLDW has a 0.99% expense ratio, which is lower than NUGT's 1.23% expense ratio.

NUGT
Direxion Daily Gold Miners Bull 2X Shares
GLDW
Roundhill Gold WeeklyPay ETF

Return for Risk

GLDW vs. NUGT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GLDW
NUGT
NUGT Risk / Return Rank: 9191
Overall Rank
NUGT Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
NUGT Sortino Ratio Rank: 8888
Sortino Ratio Rank
NUGT Omega Ratio Rank: 8787
Omega Ratio Rank
NUGT Calmar Ratio Rank: 9595
Calmar Ratio Rank
NUGT Martin Ratio Rank: 9292
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GLDW vs. NUGT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Gold WeeklyPay ETF (GLDW) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

GLDW vs. NUGT - Sharpe Ratio Comparison

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Sharpe Ratios by Period

GLDWNUGTDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

—

2.25

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.39

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

-0.02

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.13

-0.33

+1.46

Correlation

The correlation between GLDW and NUGT is 0.78, 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.

Dividends

GLDW vs. NUGT - Dividend Comparison

GLDW's dividend yield for the trailing twelve months is around 12.11%, more than NUGT's 0.29% yield.

TTM20252024202320222021202020192018
GLDW
Roundhill Gold WeeklyPay ETF		12.11%3.75%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
NUGT
Direxion Daily Gold Miners Bull 2X Shares		0.29%0.22%1.79%1.67%0.70%0.00%0.00%0.63%0.57%

Drawdowns

GLDW vs. NUGT - Drawdown Comparison

The maximum GLDW drawdown since its inception was -23.59%, smaller than the maximum NUGT drawdown of -99.97%. Use the drawdown chart below to compare losses from any high point for GLDW and NUGT.

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Drawdown Indicators

GLDWNUGTDifference

Max Drawdown

Largest peak-to-trough decline

-23.59%

-99.97%

+76.38%

Max Drawdown (1Y)

Largest decline over 1 year

—

-53.58%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-73.79%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-96.91%

—

Current Drawdown

Current decline from peak

-16.66%

-99.76%

+83.10%

Average Drawdown

Average peak-to-trough decline

-5.11%

-91.43%

+86.32%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

16.61%

—

Volatility

GLDW vs. NUGT - Volatility Comparison

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Volatility by Period

GLDWNUGTDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

36.87%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

77.23%

—

Volatility (1Y)

Calculated over the trailing 1-year period

41.26%

91.23%

-49.97%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

41.26%

70.70%

-29.44%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

41.26%

89.95%

-48.69%