NUGT vs. ABNG
NUGT (Direxion Daily Gold Miners Bull 2X Shares) and ABNG (Leverage Shares 2x Long ABNB Daily ETF) are both Leveraged Equities funds. NUGT is passively managed, while ABNG is actively managed. At a 0.21 correlation, their price movements are largely independent. NUGT charges 1.23%/yr vs 0.75%/yr for ABNG.
Performance
NUGT vs. ABNG - Performance Comparison
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Returns By Period
In the year-to-date period, NUGT achieves a -13.45% return, which is significantly lower than ABNG's -12.01% return.
NUGT
- 1D
- 3.10%
- 1M
- -1.32%
- YTD
- -13.45%
- 6M
- -4.04%
- 1Y
- 102.38%
- 3Y*
- 62.10%
- 5Y*
- 17.04%
- 10Y*
- -8.36%
ABNG
- 1D
- 0.34%
- 1M
- -9.63%
- YTD
- -12.01%
- 6M
- 9.67%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NUGT vs. ABNG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NUGT Direxion Daily Gold Miners Bull 2X Shares | -13.45% | 29.12% |
ABNG Leverage Shares 2x Long ABNB Daily ETF | -12.01% | 30.68% |
Correlation
The correlation between NUGT and ABNG is 0.21, 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 Nov 18, 2025 | 0.21 |
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Return for Risk
NUGT vs. ABNG — Risk / Return Rank
NUGT
ABNG
NUGT vs. ABNG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Gold Miners Bull 2X Shares (NUGT) and Leverage Shares 2x Long ABNB Daily ETF (ABNG). 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.
| NUGT | ABNG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.24 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | — | — |
| Martin ratioReturn relative to average drawdown | 4.36 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NUGT | ABNG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.10 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.33 | 0.47 | -0.80 |
Drawdowns
NUGT vs. ABNG - Drawdown Comparison
The maximum NUGT drawdown since its inception was -99.97%, which is greater than ABNG's maximum drawdown of -33.03%. Use the drawdown chart below to compare losses from any high point for NUGT and ABNG.
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Drawdown Indicators
| NUGT | ABNG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.97% | -33.03% | -66.94% |
Max Drawdown (1Y)Largest decline over 1 year | -53.58% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -53.58% | — | — |
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 | -99.80% | -17.07% | -82.73% |
Average DrawdownAverage peak-to-trough decline | -91.52% | -11.77% | -79.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.59% | — | — |
Volatility
NUGT vs. ABNG - Volatility Comparison
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Volatility by Period
| NUGT | ABNG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.49% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 75.18% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 90.00% | 62.89% | +27.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.96% | 62.89% | +9.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 87.89% | 62.89% | +25.00% |
NUGT vs. ABNG - Expense Ratio Comparison
NUGT has a 1.23% expense ratio, which is higher than ABNG's 0.75% expense ratio.
Dividends
NUGT vs. ABNG - Dividend Comparison
NUGT's dividend yield for the trailing twelve months is around 0.35%, while ABNG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ABNG Leverage Shares 2x Long ABNB Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NUGT Direxion Daily Gold Miners Bull 2X Shares | 0.35% | 0.22% | 1.79% | 1.67% | 0.70% | 0.00% | 0.00% | 0.63% | 0.57% |
Frequently Asked Questions
NUGT and ABNG have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ABNG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ABNG is cheaper with a 0.75% expense ratio, compared with 1.23% for NUGT.
NUGT has the higher dividend yield at 0.35%, compared with 0.00% for ABNG.
They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.23% for NUGT and 0.75% for ABNG.
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