UGL vs. NUGT
Compare and contrast key facts about ProShares Ultra Gold (UGL) and Direxion Daily Gold Miners Bull 2X Shares (NUGT).
UGL and NUGT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UGL is a passively managed fund by ProShares that tracks the performance of the Gold bullion (200%). It was launched on Dec 1, 2008. 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. Both UGL and NUGT 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: UGL or NUGT.
Key characteristics
| UGL | NUGT | |
|---|---|---|
| YTD Return | 65.77% | 58.82% |
| 1Y Return | 73.77% | 85.15% |
| 3Y Return (Ann) | 22.85% | 4.86% |
| 5Y Return (Ann) | 16.67% | -18.51% |
| 10Y Return (Ann) | 10.83% | -18.41% |
| Sharpe Ratio | 2.56 | 1.27 |
| Sortino Ratio | 3.13 | 1.88 |
| Omega Ratio | 1.40 | 1.22 |
| Calmar Ratio | 1.35 | 0.79 |
| Martin Ratio | 14.99 | 5.40 |
| Ulcer Index | 4.79% | 14.63% |
| Daily Std Dev | 28.08% | 62.41% |
| Max Drawdown | -75.93% | -99.97% |
| Current Drawdown | -12.91% | -99.93% |
Correlation
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.
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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.
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.
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%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
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.
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.