Correlation
The correlation between NUGT and JNUG is 0.14, 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.
NUGT vs. JNUG
Compare and contrast key facts about Direxion Daily Gold Miners Bull 2X Shares (NUGT) and Direxion Daily Junior Gold Miners Index Bull 2x Shares (JNUG).
NUGT and JNUG 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. JNUG is a passively managed fund by Direxion that tracks the performance of the MVIS Global Junior Gold Miners Index (300%). It was launched on Apr 1, 2020. Both NUGT and JNUG 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 JNUG.
Performance
NUGT vs. JNUG - Performance Comparison
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Key characteristics
NUGT:
1.07
JNUG:
0.97
NUGT:
1.58
JNUG:
1.59
NUGT:
1.20
JNUG:
1.20
NUGT:
0.67
JNUG:
0.70
NUGT:
3.62
JNUG:
3.76
NUGT:
18.49%
JNUG:
18.71%
NUGT:
67.65%
JNUG:
76.82%
NUGT:
-99.97%
JNUG:
-99.95%
NUGT:
-99.91%
JNUG:
-99.80%
Returns By Period
The year-to-date returns for both investments are quite close, with NUGT having a 103.94% return and JNUG slightly higher at 108.84%. Over the past 10 years, NUGT has outperformed JNUG with an annualized return of -16.42%, while JNUG has yielded a comparatively lower -28.71% annualized return.
NUGT
103.94%
13.45%
67.11%
74.10%
16.66%
1.45%
-16.42%
JNUG
108.84%
20.44%
74.34%
74.85%
15.23%
-4.04%
-28.71%
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NUGT vs. JNUG - Expense Ratio Comparison
NUGT has a 1.23% expense ratio, which is higher than JNUG's 1.17% expense ratio.
Risk-Adjusted Performance
NUGT vs. JNUG — Risk-Adjusted Performance Rank
NUGT
JNUG
NUGT vs. JNUG - 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 Junior Gold Miners Index Bull 2x Shares (JNUG). 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.
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Dividends
NUGT vs. JNUG - Dividend Comparison
NUGT's dividend yield for the trailing twelve months is around 0.81%, less than JNUG's 1.60% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NUGT Direxion Daily Gold Miners Bull 2X Shares | 0.81% | 1.79% | 1.66% | 0.70% | 0.00% | 0.00% | 0.63% | 0.57% | 0.00% | 0.00% | 0.00% | 0.00% |
JNUG Direxion Daily Junior Gold Miners Index Bull 2x Shares | 1.60% | 2.01% | 1.62% | 0.00% | 0.52% | 0.10% | 0.49% | 0.05% | 0.52% | 0.00% | 0.00% | 4.64% |
Drawdowns
NUGT vs. JNUG - Drawdown Comparison
The maximum NUGT drawdown since its inception was -99.97%, roughly equal to the maximum JNUG drawdown of -99.95%. Use the drawdown chart below to compare losses from any high point for NUGT and JNUG.
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Volatility
NUGT vs. JNUG - Volatility Comparison
The current volatility for Direxion Daily Gold Miners Bull 2X Shares (NUGT) is 25.91%, while Direxion Daily Junior Gold Miners Index Bull 2x Shares (JNUG) has a volatility of 29.37%. This indicates that NUGT experiences smaller price fluctuations and is considered to be less risky than JNUG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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