NFXL vs. NUGT
NFXL (Direxion Daily NFLX Bull 2X Shares) and NUGT (Direxion Daily Gold Miners Index Bull 2X ETF) are both exchange-traded funds - NFXL is a Leveraged Equities fund actively managed by Direxion, while NUGT is a Gold fund tracking the MarketVector Global Gold Miners Index (200%). NFXL is actively managed, while NUGT is passively managed. Over the past year, NFXL returned -68.22% vs 57.08% for NUGT. Their 0.11 correlation means their historical movements had little consistent relationship. NFXL charges 1.06%/yr vs 1.13%/yr for NUGT.
Performance
NFXL vs. NUGT - Performance Comparison
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Returns By Period
In the year-to-date period, NFXL achieves a -46.98% return, which is significantly lower than NUGT's -36.38% return.
NFXL
- 1D
- 4.63%
- 1M
- -12.43%
- 6M
- -31.11%
- YTD
- -46.98%
- 1Y
- -68.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -17.39%
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) |
|---|---|---|---|
| $17.34M | $25.07M | $22.41M | |
| $68.67M | $68.41M | $88.15M |
NFXL vs. NUGT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NFXL Direxion Daily NFLX Bull 2X Shares | -46.98% | -11.98% | 51.02% |
NUGT Direxion Daily Gold Miners Index Bull 2X ETF | -36.38% | 425.05% | -30.58% |
Correlation
The correlation between NFXL and NUGT is 0.10, 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. | 0.10 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2024 | 0.11 |
NFXL vs. NUGT - Sectors Allocation Comparison
Sectors
NFXL
NUGT
Communication Services
-
Basic Materials
-
Consumer Cyclical
-
-
Consumer Defensive
-
-
Energy
-
-
Financial Services
-
-
Healthcare
-
-
Industrials
-
-
Real Estate
-
-
Technology
-
-
Utilities
-
-
Communication Services
NFXL
NUGT
-
Basic Materials
NFXL
-
NUGT
Consumer Cyclical
NFXL
-
NUGT
-
Consumer Defensive
NFXL
-
NUGT
-
Energy
NFXL
-
NUGT
-
Financial Services
NFXL
-
NUGT
-
Healthcare
NFXL
-
NUGT
-
Industrials
NFXL
-
NUGT
-
Real Estate
NFXL
-
NUGT
-
Technology
NFXL
-
NUGT
-
Utilities
NFXL
-
NUGT
-
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Return for Risk
NFXL vs. NUGT — Risk / Return Rank
NFXL
NUGT
NFXL vs. NUGT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily NFLX Bull 2X Shares (NFXL) 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.
| NFXL | NUGT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.58 | ||
| Sortino ratioReturn per unit of downside risk | -3.03 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 1.18 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | 0.85 | -1.74 |
| Martin ratioReturn relative to average drawdown | -1.40 | 1.69 | -3.09 |
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Drawdowns
NFXL vs. NUGT - Drawdown Comparison
The maximum NFXL drawdown since its inception was -80.15%, smaller than the maximum NUGT drawdown of -99.97%. Use the drawdown chart below to compare losses from any high point for NFXL and NUGT.
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Drawdown Indicators
| NFXL | NUGT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.15% | -99.97% | +19.82% |
Max Drawdown (1Y)Largest decline over 1 year | -76.83% | -67.40% | -9.43% |
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 | -76.75% | -99.85% | +23.10% |
Average DrawdownAverage peak-to-trough decline | -32.23% | -91.59% | +59.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 48.80% | 33.85% | +14.95% |
Volatility
NFXL vs. NUGT - Volatility Comparison
The current volatility for Direxion Daily NFLX Bull 2X Shares (NFXL) is 21.79%, while Direxion Daily Gold Miners Index Bull 2X ETF (NUGT) has a volatility of 24.03%. This indicates that NFXL 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
| NFXL | NUGT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.79% | 24.03% | -2.24% |
Volatility (6M)Calculated over the trailing 6-month period | 55.84% | 74.99% | -19.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.89% | 96.28% | -26.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.95% | 73.68% | -3.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.95% | 87.41% | -17.46% |
NFXL vs. NUGT - Expense Ratio Comparison
NFXL has a 1.06% expense ratio, which is lower than NUGT's 1.13% expense ratio.
Dividends
NFXL vs. NUGT - Dividend Comparison
NFXL's dividend yield for the trailing twelve months is around 13.45%, more than NUGT's 0.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
NFXL Direxion Daily NFLX Bull 2X Shares | 13.45% | 7.97% | 0.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
NFXL and NUGT have a correlation of 0.10, 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 NFXL (21.79%). In terms of maximum drawdown, NFXL dropped -80.15% vs NUGT's -99.97%.
On 1-year performance, NUGT leads with 57.08% vs -68.22% for NFXL. On fees, NFXL is cheaper at 1.06% per year. On volatility, NFXL has been the lower-risk option at 21.79%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, NUGT has performed better with a 57.08% return vs -68.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NFXL is cheaper with a 1.06% expense ratio, compared with 1.13% for NUGT.
NFXL has the higher dividend yield at 13.45%, compared with 0.61% for NUGT.
NFXL is categorized as Leveraged Equities, while NUGT is Gold. Their fees differ too: 1.06% for NFXL and 1.13% for NUGT.
NUGT currently has the higher Sharpe Ratio (0.60 vs -0.98), 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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