NUGT vs. TSLL
NUGT (Direxion Daily Gold Miners Index Bull 2X ETF) and TSLL (Direxion Daily TSLA Bull 2X ETF) are both exchange-traded funds - NUGT is a Gold fund tracking the MarketVector Global Gold Miners Index (200%), while TSLL is a Leveraged Equities fund actively managed by Direxion. NUGT is passively managed, while TSLL is actively managed. Over the past 3 years, NUGT returned 56.79%/yr vs -17.03%/yr for TSLL. Their 0.16 correlation means their historical movements had little consistent relationship. NUGT charges 1.13%/yr vs 0.83%/yr for TSLL.
Performance
NUGT vs. TSLL - Performance Comparison
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Returns By Period
In the year-to-date period, NUGT achieves a -33.26% return, which is significantly higher than TSLL's -57.11% return.
NUGT
- 1D
- 4.91%
- 1M
- -2.95%
- 6M
- -47.01%
- YTD
- -33.26%
- 1Y
- 50.44%
- 3Y*
- 56.79%
- 5Y*
- 17.00%
- 10Y*
- -14.42%
- ALL TIME*
- -33.40%
TSLL
- 1D
- 3.33%
- 1M
- -34.39%
- 6M
- -50.02%
- YTD
- -57.11%
- 1Y
- -20.56%
- 3Y*
- -17.03%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -21.76%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $68.86M | $69.27M | $87.33M | |
| $780.98M | $666.95M | $936.66M |
NUGT vs. TSLL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
NUGT Direxion Daily Gold Miners Index Bull 2X ETF | -33.26% | 425.05% | 2.89% | 2.60% | 5.84% |
TSLL Direxion Daily TSLA Bull 2X ETF | -57.11% | -26.80% | 99.63% | 139.86% | -74.99% |
Correlation
The correlation between NUGT and TSLL is 0.32, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.32 |
Correlation (3Y) Balances recent behavior with more history. | 0.18 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022 | 0.16 |
The correlation between NUGT and TSLL shifts across timeframes, from 0.16 (all time) to 0.32 (1 year), reflecting how their relationship changes across market environments.
NUGT vs. TSLL - Sectors Allocation Comparison
Sectors
NUGT
TSLL
Basic Materials
-
Communication Services
-
-
Consumer Cyclical
-
Consumer Defensive
-
-
Energy
-
-
Financial Services
-
-
Healthcare
-
-
Industrials
-
-
Real Estate
-
-
Technology
-
-
Utilities
-
-
Basic Materials
NUGT
TSLL
-
Communication Services
NUGT
-
TSLL
-
Consumer Cyclical
NUGT
-
TSLL
Consumer Defensive
NUGT
-
TSLL
-
Energy
NUGT
-
TSLL
-
Financial Services
NUGT
-
TSLL
-
Healthcare
NUGT
-
TSLL
-
Industrials
NUGT
-
TSLL
-
Real Estate
NUGT
-
TSLL
-
Technology
NUGT
-
TSLL
-
Utilities
NUGT
-
TSLL
-
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Return for Risk
NUGT vs. TSLL — Risk / Return Rank
NUGT
TSLL
NUGT vs. TSLL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Gold Miners Index Bull 2X ETF (NUGT) and Direxion Daily TSLA Bull 2X ETF (TSLL). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NUGT | TSLL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.75 | ||
| Sortino ratioReturn per unit of downside risk | +0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.04 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | -0.29 | +1.05 |
| Martin ratioReturn relative to average drawdown | 1.49 | -0.64 | +2.13 |
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Drawdowns
NUGT vs. TSLL - Drawdown Comparison
The maximum NUGT drawdown since its inception was -99.97%, which is greater than TSLL's maximum drawdown of -82.88%. Use the drawdown chart below to compare losses from any high point for NUGT and TSLL.
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Drawdown Indicators
| NUGT | TSLL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.97% | -82.88% | -17.09% |
Max Drawdown (1Y)Largest decline over 1 year | -67.40% | -70.13% | +2.73% |
Max Drawdown (3Y)Largest decline over 3 years | -67.40% | -82.88% | +15.48% |
Max Drawdown (5Y)Largest decline over 5 years | -73.72% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -96.89% | — | — |
Current DrawdownCurrent decline from peak | -99.84% | -78.34% | -21.50% |
Average DrawdownAverage peak-to-trough decline | -91.59% | -54.41% | -37.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.06% | 32.14% | +1.92% |
Volatility
NUGT vs. TSLL - Volatility Comparison
The current volatility for Direxion Daily Gold Miners Index Bull 2X ETF (NUGT) is 24.55%, while Direxion Daily TSLA Bull 2X ETF (TSLL) has a volatility of 39.42%. This indicates that NUGT experiences smaller price fluctuations and is considered to be less risky than TSLL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NUGT | TSLL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.55% | 39.42% | -14.87% |
Volatility (6M)Calculated over the trailing 6-month period | 75.17% | 70.56% | +4.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 96.19% | 92.39% | +3.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.70% | 107.73% | -34.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 87.37% | 107.73% | -20.36% |
NUGT vs. TSLL - Expense Ratio Comparison
NUGT has a 1.13% expense ratio, which is higher than TSLL's 0.83% expense ratio.
Dividends
NUGT vs. TSLL - Dividend Comparison
NUGT's dividend yield for the trailing twelve months is around 0.59%, less than TSLL's 12.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
NUGT Direxion Daily Gold Miners Index Bull 2X ETF | 0.59% | 0.22% | 1.79% | 1.67% | 0.70% | 0.00% | 0.00% | 0.63% | 0.57% |
TSLL Direxion Daily TSLA Bull 2X ETF | 12.21% | 5.00% | 2.47% | 4.44% | 1.57% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NUGT and TSLL have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSLL has higher volatility (39.42%) compared to NUGT (24.55%). In terms of maximum drawdown, NUGT dropped -99.97% vs TSLL's -82.88%.
On 3-year performance, NUGT leads with 56.79% vs -17.03% for TSLL. On fees, TSLL is cheaper at 0.83% per year. On volatility, NUGT has been the lower-risk option at 24.55%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, NUGT has performed better with a 56.79% return vs -17.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TSLL is cheaper with a 0.83% expense ratio, compared with 1.13% for NUGT.
TSLL has the higher dividend yield at 12.21%, compared with 0.59% for NUGT.
NUGT is categorized as Gold, while TSLL is Leveraged Equities. Their fees differ too: 1.13% for NUGT and 0.83% for TSLL.
NUGT currently has the higher Sharpe Ratio (0.53 vs -0.22), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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