NUGT vs. BOIL
NUGT (Direxion Daily Gold Miners Index Bull 2X ETF) and BOIL (ProShares Ultra Bloomberg Natural Gas) are both exchange-traded funds - NUGT is a Gold fund tracking the MarketVector Global Gold Miners Index (200%), while BOIL is a Oil & Gas fund tracking the Bloomberg Natural Gas Subindex. Both are passively managed. Over the past 10 years, NUGT returned -15.01%/yr vs -58.66%/yr for BOIL. At a 0.00 correlation, their price movements are largely independent. NUGT charges 1.13%/yr vs 1.31%/yr for BOIL.
Performance
NUGT vs. BOIL - Performance Comparison
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Returns By Period
In the year-to-date period, NUGT achieves a -37.58% return, which is significantly higher than BOIL's -51.24% return. Over the past 10 years, NUGT has outperformed BOIL with an annualized return of -15.01%, while BOIL has yielded a comparatively lower -58.66% annualized return.
NUGT
- 1D
- 4.04%
- 1M
- -14.45%
- 6M
- -50.47%
- YTD
- -37.58%
- 1Y
- 52.80%
- 3Y*
- 44.99%
- 5Y*
- 14.43%
- 10Y*
- -15.01%
BOIL
- 1D
- 2.15%
- 1M
- -16.55%
- 6M
- -39.97%
- YTD
- -51.24%
- 1Y
- -75.69%
- 3Y*
- -66.16%
- 5Y*
- -68.31%
- 10Y*
- -58.66%
NUGT vs. BOIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NUGT Direxion Daily Gold Miners Index Bull 2X ETF | -37.58% | 425.05% | 2.89% | 2.60% | -32.10% | -26.31% | -60.16% | 100.73% | -44.52% | 3.73% |
BOIL ProShares Ultra Bloomberg Natural Gas | -51.24% | -58.98% | -60.75% | -92.00% | -31.85% | 23.84% | -74.74% | -67.70% | -20.55% | -65.72% |
Correlation
The correlation between NUGT and BOIL is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2011 | 0.00 |
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Return for Risk
NUGT vs. BOIL — Risk / Return Rank
NUGT
BOIL
NUGT vs. BOIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Gold Miners Index Bull 2X ETF (NUGT) and ProShares Ultra Bloomberg Natural Gas (BOIL). 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.
| NUGT | BOIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.24 | ||
| Sortino ratioReturn per unit of downside risk | +2.16 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.89 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.82 | -0.97 | +1.79 |
| Martin ratioReturn relative to average drawdown | 1.75 | -1.37 | +3.12 |
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Drawdowns
NUGT vs. BOIL - Drawdown Comparison
The maximum NUGT drawdown since its inception was -99.97%, roughly equal to the maximum BOIL drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for NUGT and BOIL.
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Drawdown Indicators
| NUGT | BOIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.97% | -100.00% | +0.03% |
Max Drawdown (1Y)Largest decline over 1 year | -64.82% | -77.83% | +13.01% |
Max Drawdown (3Y)Largest decline over 3 years | -64.82% | -97.17% | +32.35% |
Max Drawdown (5Y)Largest decline over 5 years | -73.72% | -99.92% | +26.20% |
Max Drawdown (10Y)Largest decline over 10 years | -96.91% | -99.99% | +3.08% |
Current DrawdownCurrent decline from peak | -99.85% | -100.00% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -91.56% | -93.61% | +2.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.29% | 55.12% | -24.83% |
Volatility
NUGT vs. BOIL - Volatility Comparison
Direxion Daily Gold Miners Index Bull 2X ETF (NUGT) has a higher volatility of 27.51% compared to ProShares Ultra Bloomberg Natural Gas (BOIL) at 19.79%. This indicates that NUGT's price experiences larger fluctuations and is considered to be riskier than BOIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NUGT | BOIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.51% | 19.79% | +7.72% |
Volatility (6M)Calculated over the trailing 6-month period | 80.24% | 101.25% | -21.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 95.08% | 111.98% | -16.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.31% | 119.03% | -45.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 87.69% | 101.76% | -14.07% |
NUGT vs. BOIL - Expense Ratio Comparison
NUGT has a 1.13% expense ratio, which is lower than BOIL's 1.31% expense ratio.
Dividends
NUGT vs. BOIL - Dividend Comparison
NUGT's dividend yield for the trailing twelve months is around 0.63%, while BOIL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BOIL ProShares Ultra Bloomberg Natural Gas | 0.00% | 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
NUGT and BOIL have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NUGT has higher volatility (27.51%) compared to BOIL (19.79%). In terms of maximum drawdown, NUGT dropped -99.97% vs BOIL's -100.00%.
On 10-year performance, NUGT leads with -15.01% vs -58.66% for BOIL. On fees, NUGT is cheaper at 1.13% per year. On volatility, BOIL has been the lower-risk option at 19.79%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, NUGT has performed better with a -15.01% return vs -58.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NUGT is cheaper with a 1.13% expense ratio, compared with 1.31% for BOIL.
NUGT has the higher dividend yield at 0.63%, compared with 0.00% for BOIL.
NUGT is categorized as Gold, while BOIL is Oil & Gas. NUGT tracks MarketVector Global Gold Miners Index (200%), while BOIL tracks Bloomberg Natural Gas Subindex. They also come from different issuers: Direxion and ProShares. Their fees differ too: 1.13% for NUGT and 1.31% for BOIL.
NUGT currently has the higher Sharpe Ratio (0.56 vs -0.68), 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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