NUGT vs. GLDW
NUGT (Direxion Daily Gold Miners Bull 2X Shares) and GLDW (Roundhill Gold WeeklyPay ETF) are both exchange-traded funds - NUGT is a Leveraged Equities fund tracking the NYSE Arca Gold Miners Index (300%), while GLDW is a Derivative Income fund actively managed by State Street. NUGT is passively managed, while GLDW is actively managed. Their correlation of 0.81 suggests significant overlap in exposure. NUGT charges 1.23%/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 -16.05% return, which is significantly lower than GLDW's 1.00% return.
NUGT
- 1D
- -6.64%
- 1M
- -4.13%
- YTD
- -16.05%
- 6M
- -6.29%
- 1Y
- 97.46%
- 3Y*
- 60.96%
- 5Y*
- 16.32%
- 10Y*
- -8.54%
GLDW
- 1D
- -1.20%
- 1M
- -2.48%
- YTD
- 1.00%
- 6M
- 3.47%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NUGT vs. GLDW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NUGT Direxion Daily Gold Miners Bull 2X Shares | -16.05% | 35.34% |
GLDW Roundhill Gold WeeklyPay ETF | 1.00% | 7.63% |
Correlation
The correlation between NUGT and GLDW is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 31, 2025 | 0.81 |
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Return for Risk
NUGT vs. GLDW — Risk / Return Rank
NUGT
GLDW
NUGT vs. GLDW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Gold Miners Bull 2X Shares (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.
| NUGT | GLDW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.23 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | — | — |
| Martin ratioReturn relative to average drawdown | 4.18 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NUGT | GLDW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.10 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.33 | 0.42 | -0.75 |
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 -23.59%. 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% | -23.59% | -76.38% |
Max Drawdown (1Y)Largest decline over 1 year | -53.58% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -53.58% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -73.72% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -96.91% | — | — |
Current DrawdownCurrent decline from peak | -99.80% | -22.51% | -77.29% |
Average DrawdownAverage peak-to-trough decline | -91.52% | -8.93% | -82.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.39% | — | — |
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 | 30.32% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 75.18% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 90.01% | 36.90% | +53.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.96% | 36.90% | +35.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 87.90% | 36.90% | +51.00% |
NUGT vs. GLDW - Expense Ratio Comparison
NUGT has a 1.23% 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 0.36%, less than GLDW's 19.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
GLDW Roundhill Gold WeeklyPay ETF | 19.48% | 3.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NUGT Direxion Daily Gold Miners Bull 2X Shares | 0.36% | 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 0.81, 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 1.23% for NUGT.
GLDW has the higher dividend yield at 19.48%, compared with 0.36% for NUGT.
NUGT is categorized as Leveraged Equities, while GLDW is Derivative Income. They also come from different issuers: Direxion and State Street. Their fees differ too: 1.23% for NUGT and 0.99% for GLDW.
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