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UGL vs. NUGT
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


UGLNUGT
YTD Return65.77%58.82%
1Y Return73.77%85.15%
3Y Return (Ann)22.85%4.86%
5Y Return (Ann)16.67%-18.51%
10Y Return (Ann)10.83%-18.41%
Sharpe Ratio2.561.27
Sortino Ratio3.131.88
Omega Ratio1.401.22
Calmar Ratio1.350.79
Martin Ratio14.995.40
Ulcer Index4.79%14.63%
Daily Std Dev28.08%62.41%
Max Drawdown-75.93%-99.97%
Current Drawdown-12.91%-99.93%

Correlation

-0.50.00.51.00.8

The correlation between UGL and NUGT is 0.76, 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

UGL vs. NUGT - Performance Comparison

In the year-to-date period, UGL achieves a 65.77% return, which is significantly higher than NUGT's 58.82% return. Over the past 10 years, UGL has outperformed NUGT with an annualized return of 10.83%, while NUGT has yielded a comparatively lower -18.41% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%10.00%20.00%30.00%40.00%50.00%60.00%MayJuneJulyAugustSeptemberOctober
39.10%
60.00%
UGL
NUGT

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UGL vs. NUGT - Expense Ratio Comparison

UGL has a 0.95% expense ratio, which is lower than NUGT's 1.23% expense ratio.


NUGT
Direxion Daily Gold Miners Bull 2X Shares
Expense ratio chart for NUGT: current value at 1.23% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.23%
Expense ratio chart for UGL: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%

Risk-Adjusted Performance

UGL vs. NUGT - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Gold (UGL) and Direxion Daily Gold Miners Bull 2X Shares (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.


UGL
Sharpe ratio
The chart of Sharpe ratio for UGL, currently valued at 2.56, compared to the broader market-2.000.002.004.006.002.56
Sortino ratio
The chart of Sortino ratio for UGL, currently valued at 3.13, compared to the broader market0.005.0010.003.13
Omega ratio
The chart of Omega ratio for UGL, currently valued at 1.40, compared to the broader market1.001.502.002.503.001.40
Calmar ratio
The chart of Calmar ratio for UGL, currently valued at 1.35, compared to the broader market0.005.0010.0015.001.35
Martin ratio
The chart of Martin ratio for UGL, currently valued at 14.99, compared to the broader market0.0020.0040.0060.0080.00100.00120.0014.99
NUGT
Sharpe ratio
The chart of Sharpe ratio for NUGT, currently valued at 1.27, compared to the broader market-2.000.002.004.006.001.27
Sortino ratio
The chart of Sortino ratio for NUGT, currently valued at 1.88, compared to the broader market0.005.0010.001.88
Omega ratio
The chart of Omega ratio for NUGT, currently valued at 1.22, compared to the broader market1.001.502.002.503.001.22
Calmar ratio
The chart of Calmar ratio for NUGT, currently valued at 0.79, compared to the broader market0.005.0010.0015.000.79
Martin ratio
The chart of Martin ratio for NUGT, currently valued at 5.40, compared to the broader market0.0020.0040.0060.0080.00100.00120.005.40

UGL vs. NUGT - Sharpe Ratio Comparison

The current UGL Sharpe Ratio is 2.56, which is higher than the NUGT Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of UGL and NUGT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.00MayJuneJulyAugustSeptemberOctober
2.56
1.27
UGL
NUGT

Dividends

UGL vs. NUGT - Dividend Comparison

UGL has not paid dividends to shareholders, while NUGT's dividend yield for the trailing twelve months is around 1.30%.


TTM202320222021202020192018
UGL
ProShares Ultra Gold
0.00%0.00%0.00%0.00%0.00%0.00%0.00%
NUGT
Direxion Daily Gold Miners Bull 2X Shares
1.30%1.67%0.70%0.00%0.00%0.63%0.57%

Drawdowns

UGL vs. NUGT - Drawdown Comparison

The maximum UGL drawdown since its inception was -75.93%, smaller than the maximum NUGT drawdown of -99.97%. Use the drawdown chart below to compare losses from any high point for UGL and NUGT. For additional features, visit the drawdowns tool.


-100.00%-80.00%-60.00%-40.00%-20.00%MayJuneJulyAugustSeptemberOctober
-12.91%
-99.93%
UGL
NUGT

Volatility

UGL vs. NUGT - Volatility Comparison

The current volatility for ProShares Ultra Gold (UGL) is 5.96%, while Direxion Daily Gold Miners Bull 2X Shares (NUGT) has a volatility of 14.71%. This indicates that UGL experiences smaller price fluctuations and is considered to be less risky than NUGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%25.00%MayJuneJulyAugustSeptemberOctober
5.96%
14.71%
UGL
NUGT