LOFF vs. NUGT
LOFF (Direxion Daily SpaceX Bull 2X ETF) and NUGT (Direxion Daily Gold Miners Index Bull 2X ETF) are both exchange-traded funds - LOFF is a Leveraged Equities fund actively managed by Direxion, while NUGT is a Gold fund tracking the MarketVector Global Gold Miners Index (200%). LOFF is actively managed, while NUGT is passively managed. At a 0.33 correlation, their price movements are largely independent. LOFF charges 0.97%/yr vs 1.13%/yr for NUGT.
Performance
LOFF vs. NUGT - Performance Comparison
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Returns By Period
LOFF
- 1D
- -5.94%
- 1M
- -47.69%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
NUGT
- 1D
- 0.36%
- 1M
- -0.34%
- 6M
- -59.37%
- YTD
- -37.62%
- 1Y
- 48.39%
- 3Y*
- 45.72%
- 5Y*
- 16.90%
- 10Y*
- -13.59%
- ALL TIME*
- -33.74%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $12.23M | $19.42M | $33.43M | |
| $69.12M | $71.88M | $88.99M |
LOFF vs. NUGT - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
LOFF Direxion Daily SpaceX Bull 2X ETF | -60.77% |
NUGT Direxion Daily Gold Miners Index Bull 2X ETF | -14.51% |
Correlation
The correlation between LOFF and NUGT is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 15, 2026 | 0.33 |
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Return for Risk
LOFF vs. NUGT — Risk / Return Rank
LOFF
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
NUGT
LOFF vs. NUGT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily SpaceX Bull 2X ETF (LOFF) 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.
| LOFF | NUGT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.16 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.72 | — |
| Martin ratioReturn relative to average drawdown | — | 1.50 | — |
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Drawdowns
LOFF vs. NUGT - Drawdown Comparison
The maximum LOFF drawdown since its inception was -70.97%, smaller than the maximum NUGT drawdown of -99.97%. Use the drawdown chart below to compare losses from any high point for LOFF and NUGT.
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Drawdown Indicators
| LOFF | NUGT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.97% | -99.97% | +29.00% |
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 | — | -96.91% | — |
Current DrawdownCurrent decline from peak | -70.97% | -99.85% | +28.88% |
Average DrawdownAverage peak-to-trough decline | -46.12% | -91.57% | +45.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 32.41% | — |
Volatility
LOFF vs. NUGT - Volatility Comparison
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Volatility by Period
| LOFF | NUGT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 22.89% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 79.98% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 169.72% | 95.69% | +74.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 169.72% | 73.49% | +96.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 169.72% | 87.49% | +82.23% |
LOFF vs. NUGT - Expense Ratio Comparison
LOFF has a 0.97% expense ratio, which is lower than NUGT's 1.13% expense ratio.
Dividends
LOFF vs. NUGT - Dividend Comparison
LOFF's dividend yield for the trailing twelve months is around 0.09%, less than NUGT's 0.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
LOFF Direxion Daily SpaceX Bull 2X ETF | 0.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NUGT Direxion Daily Gold Miners Index Bull 2X ETF | 0.63% | 0.22% | 1.79% | 1.67% | 0.70% | 0.00% | 0.00% | 0.63% | 0.57% |
Frequently Asked Questions
LOFF and NUGT have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LOFF is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LOFF is cheaper with a 0.97% expense ratio, compared with 1.13% for NUGT.
NUGT has the higher dividend yield at 0.63%, compared with 0.09% for LOFF.
LOFF is categorized as Leveraged Equities, while NUGT is Gold. Their fees differ too: 0.97% for LOFF and 1.13% for NUGT.
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