TSLL vs. NUGT
TSLL (Direxion Daily TSLA Bull 2X ETF) and NUGT (Direxion Daily Gold Miners Index Bull 2X ETF) are both exchange-traded funds - TSLL is a Leveraged Equities fund actively managed by Direxion, while NUGT is a Gold fund tracking the MarketVector Global Gold Miners Index (200%). TSLL is actively managed, while NUGT is passively managed. Over the past 3 years, TSLL returned -18.07%/yr vs 64.10%/yr for NUGT. Their 0.16 correlation means their historical movements had little consistent relationship. TSLL charges 0.83%/yr vs 1.13%/yr for NUGT.
Performance
TSLL vs. NUGT - Performance Comparison
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Returns By Period
In the year-to-date period, TSLL achieves a -58.70% return, which is significantly lower than NUGT's -23.48% return.
TSLL
- 1D
- -3.72%
- 1M
- -44.30%
- 6M
- -47.98%
- YTD
- -58.70%
- 1Y
- -23.30%
- 3Y*
- -18.07%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -22.49%
NUGT
- 1D
- 14.65%
- 1M
- 10.28%
- 6M
- -39.87%
- YTD
- -23.48%
- 1Y
- 63.36%
- 3Y*
- 64.10%
- 5Y*
- 21.76%
- 10Y*
- -13.24%
- ALL TIME*
- -32.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $74.11M | $72.39M | $87.54M | |
| $799.42M | $664.03M | $919.05M |
TSLL vs. NUGT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TSLL Direxion Daily TSLA Bull 2X ETF | -58.70% | -26.80% | 99.63% | 139.86% | -74.99% |
NUGT Direxion Daily Gold Miners Index Bull 2X ETF | -23.48% | 425.05% | 2.89% | 2.60% | 5.84% |
Correlation
The correlation between TSLL and NUGT is 0.31, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.31 |
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 TSLL and NUGT shifts across timeframes, from 0.16 (all time) to 0.31 (1 year), reflecting how their relationship changes across market environments.
TSLL vs. NUGT - Sectors Allocation Comparison
Sectors
TSLL
NUGT
Consumer Cyclical
-
Basic Materials
-
Communication Services
-
-
Consumer Defensive
-
-
Energy
-
-
Financial Services
-
-
Healthcare
-
-
Industrials
-
-
Real Estate
-
-
Technology
-
-
Utilities
-
-
Consumer Cyclical
TSLL
NUGT
-
Basic Materials
TSLL
-
NUGT
Communication Services
TSLL
-
NUGT
-
Consumer Defensive
TSLL
-
NUGT
-
Energy
TSLL
-
NUGT
-
Financial Services
TSLL
-
NUGT
-
Healthcare
TSLL
-
NUGT
-
Industrials
TSLL
-
NUGT
-
Real Estate
TSLL
-
NUGT
-
Technology
TSLL
-
NUGT
-
Utilities
TSLL
-
NUGT
-
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Return for Risk
TSLL vs. NUGT — Risk / Return Rank
TSLL
NUGT
TSLL vs. NUGT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily TSLA Bull 2X ETF (TSLL) 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.
| TSLL | NUGT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.18 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.33 | 0.94 | -1.28 |
| Martin ratioReturn relative to average drawdown | -0.72 | 1.86 | -2.58 |
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Drawdowns
TSLL vs. NUGT - Drawdown Comparison
The maximum TSLL drawdown since its inception was -82.88%, smaller than the maximum NUGT drawdown of -99.97%. Use the drawdown chart below to compare losses from any high point for TSLL and NUGT.
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Drawdown Indicators
| TSLL | NUGT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.88% | -99.97% | +17.09% |
Max Drawdown (1Y)Largest decline over 1 year | -70.13% | -67.40% | -2.73% |
Max Drawdown (3Y)Largest decline over 3 years | -82.88% | -67.40% | -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 | -79.15% | -99.82% | +20.67% |
Average DrawdownAverage peak-to-trough decline | -54.44% | -91.59% | +37.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.41% | 34.24% | -1.83% |
Volatility
TSLL vs. NUGT - Volatility Comparison
Direxion Daily TSLA Bull 2X ETF (TSLL) has a higher volatility of 38.99% compared to Direxion Daily Gold Miners Index Bull 2X ETF (NUGT) at 26.91%. This indicates that TSLL's price experiences larger fluctuations and is considered to be riskier than NUGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSLL | NUGT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 38.99% | 26.91% | +12.08% |
Volatility (6M)Calculated over the trailing 6-month period | 70.64% | 76.01% | -5.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 92.39% | 96.82% | -4.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 107.70% | 73.97% | +33.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 107.70% | 87.48% | +20.22% |
TSLL vs. NUGT - Expense Ratio Comparison
TSLL has a 0.83% expense ratio, which is lower than NUGT's 1.13% expense ratio.
Dividends
TSLL vs. NUGT - Dividend Comparison
TSLL's dividend yield for the trailing twelve months is around 12.68%, more than NUGT's 0.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
NUGT Direxion Daily Gold Miners Index Bull 2X ETF | 0.51% | 0.22% | 1.79% | 1.67% | 0.70% | 0.00% | 0.00% | 0.63% | 0.57% |
TSLL Direxion Daily TSLA Bull 2X ETF | 12.68% | 5.00% | 2.47% | 4.44% | 1.57% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TSLL and NUGT have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSLL has higher volatility (38.99%) compared to NUGT (26.91%). In terms of maximum drawdown, TSLL dropped -82.88% vs NUGT's -99.97%.
On 3-year performance, NUGT leads with 64.10% vs -18.07% for TSLL. On fees, TSLL is cheaper at 0.83% per year. On volatility, NUGT has been the lower-risk option at 26.91%. 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 64.10% return vs -18.07%. 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 12.68%, compared with 0.51% for NUGT.
TSLL is categorized as Leveraged Equities, while NUGT is Gold. Their fees differ too: 0.83% for TSLL and 1.13% for NUGT.
NUGT currently has the higher Sharpe Ratio (0.66 vs -0.25), 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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