NUGT vs. NUGY
NUGT (Direxion Daily Gold Miners Bull 2X Shares) and NUGY (GraniteShares YieldBOOST Gold Miners ETF) are both exchange-traded funds - NUGT is a Leveraged Equities fund tracking the NYSE Arca Gold Miners Index (300%), while NUGY is a Derivative Income fund actively managed by GraniteShares. NUGT is passively managed, while NUGY is actively managed. Their correlation of 0.92 suggests significant overlap in exposure. NUGT charges 1.23%/yr vs 1.07%/yr for NUGY.
Performance
NUGT vs. NUGY - 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 NUGY's -1.04% 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%
NUGY
- 1D
- -0.66%
- 1M
- 2.66%
- YTD
- -1.04%
- 6M
- 0.40%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NUGT vs. NUGY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NUGT Direxion Daily Gold Miners Bull 2X Shares | -16.05% | 26.94% |
NUGY GraniteShares YieldBOOST Gold Miners ETF | -1.04% | 2.38% |
Correlation
The correlation between NUGT and NUGY is 0.92, 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 Nov 19, 2025 | 0.92 |
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Return for Risk
NUGT vs. NUGY — Risk / Return Rank
NUGT
NUGY
NUGT vs. NUGY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Gold Miners Bull 2X Shares (NUGT) and GraniteShares YieldBOOST Gold Miners ETF (NUGY). 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 | NUGY | 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 | NUGY | 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 | 0.09 | -0.43 |
Drawdowns
NUGT vs. NUGY - Drawdown Comparison
The maximum NUGT drawdown since its inception was -99.97%, which is greater than NUGY's maximum drawdown of -17.39%. Use the drawdown chart below to compare losses from any high point for NUGT and NUGY.
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Drawdown Indicators
| NUGT | NUGY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.97% | -17.39% | -82.58% |
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% | -14.11% | -85.69% |
Average DrawdownAverage peak-to-trough decline | -91.52% | -7.35% | -84.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.39% | — | — |
Volatility
NUGT vs. NUGY - Volatility Comparison
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Volatility by Period
| NUGT | NUGY | 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% | 26.65% | +63.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.96% | 26.65% | +45.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 87.90% | 26.65% | +61.25% |
NUGT vs. NUGY - Expense Ratio Comparison
NUGT has a 1.23% expense ratio, which is higher than NUGY's 1.07% expense ratio.
Dividends
NUGT vs. NUGY - Dividend Comparison
NUGT's dividend yield for the trailing twelve months is around 0.36%, less than NUGY's 70.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
NUGY GraniteShares YieldBOOST Gold Miners ETF | 70.74% | 12.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, NUGT and NUGY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, NUGY is cheaper at 1.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NUGY is cheaper with a 1.07% expense ratio, compared with 1.23% for NUGT.
NUGY has the higher dividend yield at 70.74%, compared with 0.36% for NUGT.
NUGT is categorized as Leveraged Equities, while NUGY is Derivative Income. They also come from different issuers: Direxion and GraniteShares. Their fees differ too: 1.23% for NUGT and 1.07% for NUGY.
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