WEBS vs. NUGT
WEBS (Daily Dow Jones Internet Bear 3X Shares) and NUGT (Direxion Daily Gold Miners Index Bull 2X ETF) are both exchange-traded funds - WEBS is a Leveraged Equities fund tracking the Dow Jones Internet Composite Index (300%), while NUGT is a Gold fund tracking the MarketVector Global Gold Miners Index (200%). Both are passively managed. Over the past 5 years, WEBS returned -30.51%/yr vs 15.88%/yr for NUGT. At a correlation of -0.23, they often move in opposite directions. WEBS charges 1.07%/yr vs 1.13%/yr for NUGT.
Performance
WEBS vs. NUGT - Performance Comparison
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Returns By Period
In the year-to-date period, WEBS achieves a 8.23% return, which is significantly higher than NUGT's -35.52% return.
WEBS
- 1D
- 4.12%
- 1M
- 20.33%
- YTD
- 8.23%
- 6M
- 12.06%
- 1Y
- -3.46%
- 3Y*
- -45.46%
- 5Y*
- -30.51%
- 10Y*
- —
NUGT
- 1D
- 3.02%
- 1M
- -29.37%
- YTD
- -35.52%
- 6M
- -41.56%
- 1Y
- 59.76%
- 3Y*
- 52.08%
- 5Y*
- 15.88%
- 10Y*
- -12.40%
WEBS vs. NUGT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
WEBS Daily Dow Jones Internet Bear 3X Shares | 8.23% | -40.66% | -56.62% | -75.58% | 117.15% | -39.82% | -87.18% | -10.90% |
NUGT Direxion Daily Gold Miners Index Bull 2X ETF | -35.52% | 425.05% | 2.89% | 2.60% | -32.10% | -26.31% | -60.16% | 21.94% |
Correlation
The correlation between WEBS and NUGT is -0.22, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.22 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2019 | -0.23 |
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Return for Risk
WEBS vs. NUGT — Risk / Return Rank
WEBS
NUGT
WEBS vs. NUGT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Daily Dow Jones Internet Bear 3X Shares (WEBS) 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.
| WEBS | NUGT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.18 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | 0.95 | -1.01 |
| Martin ratioReturn relative to average drawdown | -0.16 | 2.21 | -2.37 |
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Drawdowns
WEBS vs. NUGT - Drawdown Comparison
The maximum WEBS drawdown since its inception was -99.63%, roughly equal to the maximum NUGT drawdown of -99.97%. Use the drawdown chart below to compare losses from any high point for WEBS and NUGT.
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Drawdown Indicators
| WEBS | NUGT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.63% | -99.97% | +0.34% |
Max Drawdown (1Y)Largest decline over 1 year | -53.54% | -63.43% | +9.89% |
Max Drawdown (3Y)Largest decline over 3 years | -90.33% | -63.43% | -26.90% |
Max Drawdown (5Y)Largest decline over 5 years | -97.09% | -73.72% | -23.37% |
Max Drawdown (10Y)Largest decline over 10 years | — | -96.91% | — |
Current DrawdownCurrent decline from peak | -99.48% | -99.85% | +0.37% |
Average DrawdownAverage peak-to-trough decline | -91.11% | -91.53% | +0.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.78% | 27.10% | -4.32% |
Volatility
WEBS vs. NUGT - Volatility Comparison
The current volatility for Daily Dow Jones Internet Bear 3X Shares (WEBS) is 22.31%, while Direxion Daily Gold Miners Index Bull 2X ETF (NUGT) has a volatility of 34.79%. This indicates that WEBS 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.
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Volatility by Period
| WEBS | NUGT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.31% | 34.79% | -12.48% |
Volatility (6M)Calculated over the trailing 6-month period | 46.50% | 80.31% | -33.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.59% | 94.54% | -34.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.14% | 73.03% | +9.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.73% | 87.98% | +1.75% |
WEBS vs. NUGT - Expense Ratio Comparison
WEBS has a 1.07% expense ratio, which is lower than NUGT's 1.13% expense ratio.
Dividends
WEBS vs. NUGT - Dividend Comparison
WEBS's dividend yield for the trailing twelve months is around 2.53%, more than NUGT's 0.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
NUGT Direxion Daily Gold Miners Index Bull 2X ETF | 0.61% | 0.22% | 1.79% | 1.67% | 0.70% | 0.00% | 0.00% | 0.63% | 0.57% |
WEBS Daily Dow Jones Internet Bear 3X Shares | 2.53% | 3.77% | 8.02% | 8.51% | 0.20% | 0.00% | 1.11% | 0.11% | 0.00% |
Frequently Asked Questions
WEBS and NUGT have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NUGT has higher volatility (34.79%) compared to WEBS (22.31%). In terms of maximum drawdown, WEBS dropped -99.63% vs NUGT's -99.97%.
On 5-year performance, NUGT leads with 15.88% vs -30.51% for WEBS. On fees, WEBS is cheaper at 1.07% per year. On volatility, WEBS has been the lower-risk option at 22.31%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, NUGT has performed better with a 15.88% return vs -30.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
WEBS is cheaper with a 1.07% expense ratio, compared with 1.13% for NUGT.
WEBS has the higher dividend yield at 2.53%, compared with 0.61% for NUGT.
WEBS is categorized as Leveraged Equities, while NUGT is Gold. WEBS tracks Dow Jones Internet Composite Index (300%), while NUGT tracks MarketVector Global Gold Miners Index (200%). Their fees differ too: 1.07% for WEBS and 1.13% for NUGT.
NUGT currently has the higher Sharpe Ratio (0.64 vs -0.06), 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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