NUGT vs. SOXL
Compare and contrast key facts about Direxion Daily Gold Miners Bull 2X Shares (NUGT) and Direxion Daily Semiconductor Bull 3x Shares (SOXL).
NUGT and SOXL 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. SOXL is a passively managed fund by Direxion that tracks the performance of the PHLX Semiconductor Index (300%). It was launched on Mar 11, 2010. Both NUGT and SOXL 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 SOXL.
Key characteristics
| NUGT | SOXL | |
|---|---|---|
| YTD Return | 13.01% | -4.93% |
| 1Y Return | 37.26% | 35.13% |
| 3Y Return (Ann) | -11.99% | -21.83% |
| 5Y Return (Ann) | -21.40% | 14.52% |
| 10Y Return (Ann) | -23.05% | 32.97% |
| Sharpe Ratio | 0.78 | 0.49 |
| Sortino Ratio | 1.39 | 1.29 |
| Omega Ratio | 1.17 | 1.17 |
| Calmar Ratio | 0.49 | 0.70 |
| Martin Ratio | 3.23 | 1.61 |
| Ulcer Index | 15.30% | 30.74% |
| Daily Std Dev | 63.34% | 100.76% |
| Max Drawdown | -99.97% | -90.46% |
| Current Drawdown | -99.95% | -58.48% |
Correlation
The correlation between NUGT and SOXL is 0.15, 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.
Performance
NUGT vs. SOXL - Performance Comparison
In the year-to-date period, NUGT achieves a 13.01% return, which is significantly higher than SOXL's -4.93% return. Over the past 10 years, NUGT has underperformed SOXL with an annualized return of -23.05%, while SOXL has yielded a comparatively higher 32.97% 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. SOXL - Expense Ratio Comparison
NUGT has a 1.23% expense ratio, which is higher than SOXL's 0.99% expense ratio.
Risk-Adjusted Performance
NUGT vs. SOXL - 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 Semiconductor Bull 3x Shares (SOXL). 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. SOXL - Dividend Comparison
NUGT's dividend yield for the trailing twelve months is around 1.83%, more than SOXL's 1.03% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
NUGT Direxion Daily Gold Miners Bull 2X Shares | 1.83% | 1.66% | 0.70% | 0.00% | 0.00% | 0.63% | 0.57% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 1.03% | 0.51% | 1.08% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% | 0.00% | 0.00% |
Drawdowns
NUGT vs. SOXL - Drawdown Comparison
The maximum NUGT drawdown since its inception was -99.97%, which is greater than SOXL's maximum drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for NUGT and SOXL. For additional features, visit the drawdowns tool.
Volatility
NUGT vs. SOXL - Volatility Comparison
The current volatility for Direxion Daily Gold Miners Bull 2X Shares (NUGT) is 20.82%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 24.66%. This indicates that NUGT experiences smaller price fluctuations and is considered to be less risky than SOXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.