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 -14.42%/yr vs -59.32%/yr for BOIL. Their 0.00 correlation means their historical movements had little consistent relationship. 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 -33.26% return, which is significantly higher than BOIL's -57.88% return. Over the past 10 years, NUGT has outperformed BOIL with an annualized return of -14.42%, while BOIL has yielded a comparatively lower -59.32% annualized return.
NUGT
- 1D
- 4.91%
- 1M
- -2.95%
- 6M
- -47.01%
- YTD
- -33.26%
- 1Y
- 50.44%
- 3Y*
- 56.79%
- 5Y*
- 17.00%
- 10Y*
- -14.42%
- ALL TIME*
- -33.40%
BOIL
- 1D
- -6.77%
- 1M
- -27.04%
- 6M
- -54.25%
- YTD
- -57.88%
- 1Y
- -70.19%
- 3Y*
- -68.09%
- 5Y*
- -70.90%
- 10Y*
- -59.32%
- ALL TIME*
- -58.10%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $90.73M | $100.10M | $103.98M | |
| $68.86M | $69.27M | $87.33M |
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 | -33.26% | 425.05% | 2.89% | 2.60% | -32.10% | -26.31% | -60.16% | 100.73% | -44.52% | 3.73% |
BOIL ProShares Ultra Bloomberg Natural Gas | -57.88% | -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 -0.06, 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. | -0.06 |
Correlation (3Y) Balances recent behavior with more history. | -0.03 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.01 |
Correlation (10Y) Provides a long-term view across more market conditions. | -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 | +1.17 | ||
| Sortino ratioReturn per unit of downside risk | +1.93 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.91 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | -0.90 | +1.66 |
| Martin ratioReturn relative to average drawdown | 1.49 | -1.37 | +2.86 |
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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 | -67.40% | -77.89% | +10.49% |
Max Drawdown (3Y)Largest decline over 3 years | -67.40% | -97.50% | +30.10% |
Max Drawdown (5Y)Largest decline over 5 years | -73.72% | -99.93% | +26.21% |
Max Drawdown (10Y)Largest decline over 10 years | -96.89% | -99.99% | +3.10% |
Current DrawdownCurrent decline from peak | -99.84% | -100.00% | +0.16% |
Average DrawdownAverage peak-to-trough decline | -91.59% | -93.63% | +2.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.06% | 51.14% | -17.08% |
Volatility
NUGT vs. BOIL - Volatility Comparison
Direxion Daily Gold Miners Index Bull 2X ETF (NUGT) has a higher volatility of 24.55% compared to ProShares Ultra Bloomberg Natural Gas (BOIL) at 19.72%. 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 | 24.55% | 19.72% | +4.83% |
Volatility (6M)Calculated over the trailing 6-month period | 75.17% | 54.88% | +20.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 96.19% | 110.71% | -14.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.70% | 118.96% | -45.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 87.37% | 101.65% | -14.28% |
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 0.59%, 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 | 0.59% | 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 -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NUGT has higher volatility (24.55%) compared to BOIL (19.72%). In terms of maximum drawdown, NUGT dropped -99.97% vs BOIL's -100.00%.
On 10-year performance, NUGT leads with -14.42% vs -59.32% for BOIL. On fees, NUGT is cheaper at 1.13% per year. On volatility, BOIL has been the lower-risk option at 19.72%. 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 -14.42% return vs -59.32%. 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 0.59%, 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 (0.53 vs -0.64), 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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