BITC vs NUGT
Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF vs Direxion Daily Gold Miners Index Bull 2X ETF
Which is better, BITC or NUGT?
Each has led over a different period.
BITC has a lower expense ratio. BITC led over 1Y, NUGT over 3Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BITC | NUGT |
|---|---|---|
| Expense Ratio | 0.88%Best | 1.13% |
| AUM | $14M | $993M |
| Dividend Yield | 77.90% | 0.75% |
| Holdings | 3 | 20 |
| YTD Return | +3.13%Best | -27.70% |
| 1Y Return | -7.62%Best | -17.67% |
| 3Y Return (annualized) | +34.02% | +64.31%Best |
| 5Y Return (annualized) | - | +21.20% |
| Volatility (annualized) | 43.6%Best | 79.9% |
| Max Drawdown | -33.2%Best | -67.4% |
| $10,000 over 3.6 years | $23,183 | $38,318Best |
| Fund Family | Bitwise | Direxion Shares ETF Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Mar 20, 2023 | Dec 8, 2010 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.6 years row, are measured over the window both funds cover: Mar 21, 2023 to Oct 14, 2026 (3.6 years).
BITC vs NUGT growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.6 years both funds cover.
BITC vs NUGT Performance
Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (BITC) is an ETF from Bitwise and Direxion Daily Gold Miners Index Bull 2X ETF (NUGT) is an ETF from Direxion Shares ETF Trust. Over the past year BITC returned -7.62% while NUGT returned -17.67%. Year to date, BITC is up 3.13% versus a loss of 27.70% for NUGT.
Over three years, BITC compounded at +34.02% per year against +64.31% for NUGT. Across the full 4-year window we track, NUGT has the edge at +45.23% annualized vs +26.31%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NUGT has been the more volatile fund, with annualized monthly volatility of 79.9% compared with 43.6% for BITC. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -33.2% for BITC and -67.4% for NUGT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.04. They move largely independently of each other.
Fees and Cost Over Time
BITC charges 0.88% per year while NUGT charges 1.13%. On a $10,000 position that is $88 vs $113 annually, a gap of $25 per year that compounds over a long holding period. On income, BITC currently yields 77.90% against 0.75% for NUGT.
Holdings Overlap
We hold position weights for 1 holding in BITC and 4 in NUGT, totalling 13.5% and 41.7% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 1 positions we hold weights for in BITC and 4 in NUGT, against full books of 3 and 20.
You are not choosing between two funds in isolation.
Whichever of BITC and NUGT you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BITC or NUGT?
BITC has an expense ratio of 0.88% while NUGT charges 1.13%. BITC is the cheaper option, by $25 a year on a $10,000 investment.
Which performed better, BITC or NUGT?
Over the past year BITC returned -7.62% vs -17.67% for NUGT, so BITC leads on 1-year performance. Over the longest common window we track (4 years), BITC annualized +26.31% vs +45.23% for NUGT. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BITC or NUGT?
NUGT has been the more volatile fund at 79.9% annualized versus 43.6% for BITC. Worst drawdown: BITC -33.2% vs NUGT -67.4%.
Should I hold both BITC and NUGT?
BITC and NUGT have a monthly-return correlation of 0.04, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, BITC or NUGT?
BITC yields 77.90% while NUGT yields 0.75%, so BITC currently pays the higher dividend yield.
Is NUGT better than BITC?
BITC has a lower expense ratio. BITC led over 1Y, NUGT over 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.