NUGT vs. GLDW
NUGT (Direxion Daily Gold Miners Index Bull 2X ETF) and GLDW (Roundhill Gold WeeklyPay ETF) are both exchange-traded funds - NUGT is a Gold fund tracking the MarketVector Global Gold Miners Index (200%), while GLDW is a Derivative Income fund actively managed by Roundhill Investments. NUGT is passively managed, while GLDW is actively managed. Their correlation of 0.83 means they have usually moved in the same direction. NUGT charges 1.13%/yr vs 0.99%/yr for GLDW.
Performance
NUGT vs. GLDW - Performance Comparison
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Returns By Period
In the year-to-date period, NUGT achieves a -33.26% return, which is significantly lower than GLDW's -9.63% 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%
GLDW
- 1D
- 0.80%
- 1M
- -1.65%
- 6M
- -22.78%
- YTD
- -9.63%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $231.84K | $286.36K | $467.40K | |
| $68.86M | $69.27M | $87.33M |
NUGT vs. GLDW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NUGT Direxion Daily Gold Miners Index Bull 2X ETF | -33.26% | 41.78% |
GLDW Roundhill Gold WeeklyPay ETF | -9.63% | 9.36% |
Correlation
The correlation between NUGT and GLDW is 0.83, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 30, 2025 | 0.83 |
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Return for Risk
NUGT vs. GLDW — Risk / Return Rank
NUGT
GLDW
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
NUGT vs. GLDW - 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 Roundhill Gold WeeklyPay ETF (GLDW). 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 | GLDW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.17 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | — | — |
| Martin ratioReturn relative to average drawdown | 1.49 | — | — |
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Drawdowns
NUGT vs. GLDW - Drawdown Comparison
The maximum NUGT drawdown since its inception was -99.97%, which is greater than GLDW's maximum drawdown of -32.55%. Use the drawdown chart below to compare losses from any high point for NUGT and GLDW.
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Drawdown Indicators
| NUGT | GLDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.97% | -32.55% | -67.42% |
Max Drawdown (1Y)Largest decline over 1 year | -67.40% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -67.40% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -73.72% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -96.89% | — | — |
Current DrawdownCurrent decline from peak | -99.84% | -30.66% | -69.18% |
Average DrawdownAverage peak-to-trough decline | -91.59% | -13.44% | -78.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.06% | — | — |
Volatility
NUGT vs. GLDW - Volatility Comparison
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Volatility by Period
| NUGT | GLDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.55% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 75.17% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 96.19% | 35.68% | +60.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.70% | 35.68% | +38.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 87.37% | 35.68% | +51.69% |
NUGT vs. GLDW - Expense Ratio Comparison
NUGT has a 1.13% expense ratio, which is higher than GLDW's 0.99% expense ratio.
Dividends
NUGT vs. GLDW - Dividend Comparison
NUGT's dividend yield for the trailing twelve months is around 0.59%, less than GLDW's 27.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
GLDW Roundhill Gold WeeklyPay ETF | 27.29% | 3.75% | 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 GLDW have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLDW is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLDW is cheaper with a 0.99% expense ratio, compared with 1.13% for NUGT.
GLDW has the higher dividend yield at 27.29%, compared with 0.59% for NUGT.
NUGT is categorized as Gold, while GLDW is Derivative Income. They also come from different issuers: Direxion and Roundhill Investments. Their fees differ too: 1.13% for NUGT and 0.99% for GLDW.
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