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NUGT vs. GLD
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between NUGT and GLD is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.00.8

Performance

NUGT vs. GLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Gold Miners Bull 2X Shares (NUGT) and SPDR Gold Trust (GLD). The values are adjusted to include any dividend payments, if applicable.

-100.00%-50.00%0.00%50.00%100.00%JulyAugustSeptemberOctoberNovemberDecember
-99.95%
76.70%
NUGT
GLD

Key characteristics

Sharpe Ratio

NUGT:

0.10

GLD:

1.82

Sortino Ratio

NUGT:

0.58

GLD:

2.43

Omega Ratio

NUGT:

1.07

GLD:

1.32

Calmar Ratio

NUGT:

0.06

GLD:

3.37

Martin Ratio

NUGT:

0.35

GLD:

9.81

Ulcer Index

NUGT:

17.84%

GLD:

2.79%

Daily Std Dev

NUGT:

63.14%

GLD:

15.00%

Max Drawdown

NUGT:

-99.97%

GLD:

-45.56%

Current Drawdown

NUGT:

-99.95%

GLD:

-7.08%

Returns By Period

In the year-to-date period, NUGT achieves a 4.44% return, which is significantly lower than GLD's 25.16% return. Over the past 10 years, NUGT has underperformed GLD with an annualized return of -22.13%, while GLD has yielded a comparatively higher 7.64% annualized return.


NUGT

YTD

4.44%

1M

-14.41%

6M

-3.40%

1Y

0.72%

5Y*

-23.06%

10Y*

-22.13%

GLD

YTD

25.16%

1M

-0.76%

6M

11.04%

1Y

26.51%

5Y*

11.43%

10Y*

7.64%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


NUGT vs. GLD - Expense Ratio Comparison

NUGT has a 1.23% expense ratio, which is higher than GLD's 0.40% expense ratio.


NUGT
Direxion Daily Gold Miners Bull 2X Shares
Expense ratio chart for NUGT: current value at 1.23% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.23%
Expense ratio chart for GLD: current value at 0.40% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.40%

Risk-Adjusted Performance

NUGT vs. GLD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Gold Miners Bull 2X Shares (NUGT) and SPDR Gold Trust (GLD). 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.


Sharpe ratio
The chart of Sharpe ratio for NUGT, currently valued at 0.10, compared to the broader market0.002.004.000.101.82
The chart of Sortino ratio for NUGT, currently valued at 0.58, compared to the broader market-2.000.002.004.006.008.0010.000.582.43
The chart of Omega ratio for NUGT, currently valued at 1.07, compared to the broader market0.501.001.502.002.503.001.071.32
The chart of Calmar ratio for NUGT, currently valued at 0.06, compared to the broader market0.005.0010.0015.000.063.37
The chart of Martin ratio for NUGT, currently valued at 0.35, compared to the broader market0.0020.0040.0060.0080.00100.000.359.81
NUGT
GLD

The current NUGT Sharpe Ratio is 0.10, which is lower than the GLD Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of NUGT and GLD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.503.003.50JulyAugustSeptemberOctoberNovemberDecember
0.10
1.82
NUGT
GLD

Dividends

NUGT vs. GLD - Dividend Comparison

NUGT's dividend yield for the trailing twelve months is around 1.98%, while GLD has not paid dividends to shareholders.


TTM202320222021202020192018
NUGT
Direxion Daily Gold Miners Bull 2X Shares
1.98%1.66%0.70%0.00%0.00%0.63%0.57%
GLD
SPDR Gold Trust
0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

NUGT vs. GLD - Drawdown Comparison

The maximum NUGT drawdown since its inception was -99.97%, which is greater than GLD's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for NUGT and GLD. For additional features, visit the drawdowns tool.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-99.95%
-7.08%
NUGT
GLD

Volatility

NUGT vs. GLD - Volatility Comparison

Direxion Daily Gold Miners Bull 2X Shares (NUGT) has a higher volatility of 19.52% compared to SPDR Gold Trust (GLD) at 5.21%. This indicates that NUGT's price experiences larger fluctuations and is considered to be riskier than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%JulyAugustSeptemberOctoberNovemberDecember
19.52%
5.21%
NUGT
GLD
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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