NUGT vs. SIL
Compare and contrast key facts about Direxion Daily Gold Miners Bull 2X Shares (NUGT) and Global X Silver Miners ETF (SIL).
NUGT and SIL 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. SIL is a passively managed fund by Global X that tracks the performance of the Stuttgart Solactive AG Global Silver Miners (USD). It was launched on Apr 19, 2010. Both NUGT and SIL 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 SIL.
Key characteristics
| NUGT | SIL | |
|---|---|---|
| YTD Return | 20.36% | 26.81% |
| 1Y Return | 56.94% | 53.61% |
| 3Y Return (Ann) | -10.14% | -4.29% |
| 5Y Return (Ann) | -20.44% | 5.09% |
| 10Y Return (Ann) | -22.57% | 3.62% |
| Sharpe Ratio | 0.84 | 1.46 |
| Sortino Ratio | 1.45 | 2.07 |
| Omega Ratio | 1.18 | 1.25 |
| Calmar Ratio | 0.53 | 0.73 |
| Martin Ratio | 3.55 | 5.53 |
| Ulcer Index | 14.98% | 9.47% |
| Daily Std Dev | 63.31% | 35.87% |
| Max Drawdown | -99.97% | -82.99% |
| Current Drawdown | -99.95% | -55.72% |
Correlation
The correlation between NUGT and SIL is 0.91, 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.
Performance
NUGT vs. SIL - Performance Comparison
In the year-to-date period, NUGT achieves a 20.36% return, which is significantly lower than SIL's 26.81% return. Over the past 10 years, NUGT has underperformed SIL with an annualized return of -22.57%, while SIL has yielded a comparatively higher 3.62% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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NUGT vs. SIL - Expense Ratio Comparison
NUGT has a 1.23% expense ratio, which is higher than SIL's 0.65% expense ratio.
Risk-Adjusted Performance
NUGT vs. SIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Gold Miners Bull 2X Shares (NUGT) and Global X Silver Miners ETF (SIL). 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.
Dividends
NUGT vs. SIL - Dividend Comparison
NUGT's dividend yield for the trailing twelve months is around 1.72%, more than SIL's 0.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NUGT Direxion Daily Gold Miners Bull 2X Shares | 1.72% | 1.66% | 0.70% | 0.00% | 0.00% | 0.63% | 0.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SIL Global X Silver Miners ETF | 0.40% | 0.59% | 0.48% | 1.59% | 1.92% | 1.53% | 1.22% | 0.02% | 3.34% | 0.38% | 0.08% | 0.66% |
Drawdowns
NUGT vs. SIL - Drawdown Comparison
The maximum NUGT drawdown since its inception was -99.97%, which is greater than SIL's maximum drawdown of -82.99%. Use the drawdown chart below to compare losses from any high point for NUGT and SIL. For additional features, visit the drawdowns tool.
Volatility
NUGT vs. SIL - Volatility Comparison
Direxion Daily Gold Miners Bull 2X Shares (NUGT) has a higher volatility of 21.02% compared to Global X Silver Miners ETF (SIL) at 12.78%. This indicates that NUGT's price experiences larger fluctuations and is considered to be riskier than SIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.