TBXU vs. NUGT
TBXU (Direxion Daily Biotech Top 5 Bull 2X ETF) and NUGT (Direxion Daily Gold Miners Index Bull 2X ETF) are both exchange-traded funds - TBXU is a Leveraged Equities fund actively managed by Direxion, while NUGT is a Gold fund tracking the MarketVector Global Gold Miners Index (200%). TBXU is actively managed, while NUGT is passively managed. Their 0.23 correlation means their historical movements had little consistent relationship. TBXU charges 0.98%/yr vs 1.13%/yr for NUGT.
Performance
TBXU vs. NUGT - Performance Comparison
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Returns By Period
In the year-to-date period, TBXU achieves a 11.23% return, which is significantly higher than NUGT's -39.52% return.
TBXU
- 1D
- -0.01%
- 1M
- -1.05%
- 6M
- 4.08%
- YTD
- 11.23%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
NUGT
- 1D
- -6.72%
- 1M
- -12.05%
- 6M
- -48.02%
- YTD
- -39.52%
- 1Y
- 49.33%
- 3Y*
- 49.26%
- 5Y*
- 13.78%
- 10Y*
- -16.18%
- ALL TIME*
- -33.84%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $66.79M | $70.57M | $87.96M | |
| $63.65K | $98.60K | $56.83K |
TBXU vs. NUGT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TBXU Direxion Daily Biotech Top 5 Bull 2X ETF | 11.23% | 17.10% |
NUGT Direxion Daily Gold Miners Index Bull 2X ETF | -39.52% | 19.17% |
Correlation
The correlation between TBXU and NUGT is 0.23, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025 | 0.23 |
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Return for Risk
TBXU vs. NUGT — Risk / Return Rank
TBXU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
NUGT
TBXU vs. NUGT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Biotech Top 5 Bull 2X ETF (TBXU) and Direxion Daily Gold Miners Index Bull 2X ETF (NUGT). 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.
| TBXU | NUGT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.17 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.80 | — |
| Martin ratioReturn relative to average drawdown | — | 1.61 | — |
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Drawdowns
TBXU vs. NUGT - Drawdown Comparison
The maximum TBXU drawdown since its inception was -26.53%, smaller than the maximum NUGT drawdown of -99.97%. Use the drawdown chart below to compare losses from any high point for TBXU and NUGT.
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Drawdown Indicators
| TBXU | NUGT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.53% | -99.97% | +73.44% |
Max Drawdown (1Y)Largest decline over 1 year | — | -67.40% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -67.40% | — |
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 | -6.69% | -99.86% | +93.17% |
Average DrawdownAverage peak-to-trough decline | -9.64% | -91.59% | +81.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 33.61% | — |
Volatility
TBXU vs. NUGT - Volatility Comparison
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Volatility by Period
| TBXU | NUGT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 24.98% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 80.05% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 42.06% | 96.01% | -53.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.06% | 73.62% | -31.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.06% | 87.38% | -45.32% |
TBXU vs. NUGT - Expense Ratio Comparison
TBXU has a 0.98% expense ratio, which is lower than NUGT's 1.13% expense ratio.
Dividends
TBXU vs. NUGT - Dividend Comparison
TBXU's dividend yield for the trailing twelve months is around 1.82%, more than NUGT's 0.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
NUGT Direxion Daily Gold Miners Index Bull 2X ETF | 0.65% | 0.22% | 1.79% | 1.67% | 0.70% | 0.00% | 0.00% | 0.63% | 0.57% |
TBXU Direxion Daily Biotech Top 5 Bull 2X ETF | 1.82% | 1.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TBXU and NUGT have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TBXU is cheaper at 0.98% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TBXU is cheaper with a 0.98% expense ratio, compared with 1.13% for NUGT.
TBXU has the higher dividend yield at 1.82%, compared with 0.65% for NUGT.
TBXU is categorized as Leveraged Equities, while NUGT is Gold. Their fees differ too: 0.98% for TBXU and 1.13% for NUGT.
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