GLDW vs. NUGT
GLDW (Roundhill Gold WeeklyPay ETF) and NUGT (Direxion Daily Gold Miners Index Bull 2X ETF) are both exchange-traded funds - GLDW is a Derivative Income fund actively managed by Roundhill Investments, while NUGT is a Gold fund tracking the MarketVector Global Gold Miners Index (200%). GLDW is actively managed, while NUGT is passively managed. Their correlation of 0.83 means they have usually moved in the same direction. GLDW charges 0.99%/yr vs 1.13%/yr for NUGT.
Performance
GLDW vs. NUGT - Performance Comparison
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Returns By Period
In the year-to-date period, GLDW achieves a -10.18% return, which is significantly higher than NUGT's -39.52% return.
GLDW
- 1D
- -1.58%
- 1M
- -2.25%
- 6M
- -21.62%
- YTD
- -10.18%
- 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) |
|---|---|---|---|
| $259.24K | $286.30K | $479.68K | |
| $66.79M | $70.57M | $87.96M |
GLDW vs. NUGT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GLDW Roundhill Gold WeeklyPay ETF | -10.18% | 9.36% |
NUGT Direxion Daily Gold Miners Index Bull 2X ETF | -39.52% | 41.78% |
Correlation
The correlation between GLDW and NUGT is 0.83, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 30, 2025 | 0.83 |
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Return for Risk
GLDW vs. NUGT — Risk / Return Rank
GLDW
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
NUGT
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 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.
| GLDW | 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
GLDW vs. NUGT - Drawdown Comparison
The maximum GLDW drawdown since its inception was -32.55%, 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
| GLDW | NUGT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.55% | -99.97% | +67.42% |
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 | -31.08% | -99.86% | +68.78% |
Average DrawdownAverage peak-to-trough decline | -13.26% | -91.59% | +78.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 33.61% | — |
Volatility
GLDW vs. NUGT - Volatility Comparison
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Volatility by Period
| GLDW | 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 | 35.85% | 96.01% | -60.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.85% | 73.62% | -37.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.85% | 87.38% | -51.53% |
GLDW vs. NUGT - Expense Ratio Comparison
GLDW has a 0.99% expense ratio, which is lower than NUGT's 1.13% expense ratio.
Dividends
GLDW vs. NUGT - Dividend Comparison
GLDW's dividend yield for the trailing twelve months is around 26.73%, more than NUGT's 0.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
GLDW Roundhill Gold WeeklyPay ETF | 26.73% | 3.75% | 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
GLDW and NUGT have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLDW is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLDW is cheaper with a 0.99% expense ratio, compared with 1.13% for NUGT.
GLDW has the higher dividend yield at 26.73%, compared with 0.65% for NUGT.
GLDW is categorized as Derivative Income, while NUGT is Gold. They also come from different issuers: Roundhill Investments and Direxion. Their fees differ too: 0.99% for GLDW and 1.13% for NUGT.
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