NUGT vs. ERX
Compare and contrast key facts about Direxion Daily Gold Miners Bull 2X Shares (NUGT) and Direxion Daily Energy Bull 2X Shares (ERX).
NUGT and ERX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NUGT is a passively managed fund by Direxion that tracks the performance of the NYSE Arca Gold Miners Index (300%). It was launched on Apr 1, 2020. ERX is a passively managed fund by Direxion that tracks the performance of the Energy Select Sector Index (300%). It was launched on Apr 1, 2020. Both NUGT and ERX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NUGT or ERX.
Key characteristics
| NUGT | ERX | |
|---|---|---|
| YTD Return | 34.35% | 20.09% |
| 1Y Return | 59.58% | 20.68% |
| 3Y Return (Ann) | -2.89% | 30.84% |
| 5Y Return (Ann) | -17.75% | -14.31% |
| 10Y Return (Ann) | -21.40% | -21.19% |
| Sharpe Ratio | 0.85 | 0.42 |
| Sortino Ratio | 1.47 | 0.81 |
| Omega Ratio | 1.18 | 1.10 |
| Calmar Ratio | 0.53 | 0.16 |
| Martin Ratio | 3.57 | 1.18 |
| Ulcer Index | 14.77% | 12.89% |
| Daily Std Dev | 62.34% | 35.88% |
| Max Drawdown | -99.97% | -99.54% |
| Current Drawdown | -99.94% | -94.17% |
Correlation
The correlation between NUGT and ERX is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
NUGT vs. ERX - Performance Comparison
In the year-to-date period, NUGT achieves a 34.35% return, which is significantly higher than ERX's 20.09% return. Both investments have delivered pretty close results over the past 10 years, with NUGT having a -21.40% annualized return and ERX not far ahead at -21.19%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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NUGT vs. ERX - Expense Ratio Comparison
NUGT has a 1.23% expense ratio, which is higher than ERX's 1.09% expense ratio.
Risk-Adjusted Performance
NUGT vs. ERX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Gold Miners Bull 2X Shares (NUGT) and Direxion Daily Energy Bull 2X Shares (ERX). 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.
Dividends
NUGT vs. ERX - Dividend Comparison
NUGT's dividend yield for the trailing twelve months is around 1.54%, less than ERX's 2.55% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
NUGT Direxion Daily Gold Miners Bull 2X Shares | 1.54% | 1.66% | 0.70% | 0.00% | 0.00% | 0.63% | 0.57% | 0.00% |
ERX Direxion Daily Energy Bull 2X Shares | 2.55% | 3.17% | 2.23% | 2.16% | 2.35% | 1.56% | 3.10% | 0.85% |
Drawdowns
NUGT vs. ERX - Drawdown Comparison
The maximum NUGT drawdown since its inception was -99.97%, roughly equal to the maximum ERX drawdown of -99.54%. Use the drawdown chart below to compare losses from any high point for NUGT and ERX. For additional features, visit the drawdowns tool.
Volatility
NUGT vs. ERX - Volatility Comparison
Direxion Daily Gold Miners Bull 2X Shares (NUGT) has a higher volatility of 17.12% compared to Direxion Daily Energy Bull 2X Shares (ERX) at 11.70%. This indicates that NUGT's price experiences larger fluctuations and is considered to be riskier than ERX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.