ETJ vs NUGT
Eaton Vance Risk-Managed Diversified Equity Income Fund vs Direxion Daily Gold Miners Index Bull 2X ETF
Which is better, ETJ or NUGT?
Each has led over a different period.
ETJ has a lower expense ratio. ETJ led over 1Y and the full window, NUGT over 3Y and 5Y.
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 | ETJ | NUGT |
|---|---|---|
| Expense Ratio | 1.11%Best | 1.13% |
| AUM | $614M | $993M |
| Dividend Yield | 8.55% | 0.75% |
| Holdings | 74 | 20 |
| YTD Return | -1.86%Best | -27.70% |
| 1Y Return | -1.01%Best | -17.67% |
| 3Y Return (annualized) | +10.94% | +64.31%Best |
| 5Y Return (annualized) | +2.70% | +21.20%Best |
| Volatility (annualized) | 12.3%Best | 97.3% |
| Max Drawdown | -51.3% | - |
| $10,000 over 5 years | $11,425 | $26,152Best |
| Fund Family | Eaton Vance | Direxion Shares ETF Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Jul 31, 2007 | Dec 8, 2010 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Dec 8, 2010 to Oct 14, 2026 (15.8 years).
ETJ 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 15.8 years both funds cover.
ETJ vs NUGT Performance
Eaton Vance Risk-Managed Diversified Equity Income Fund (ETJ) is an ETF from Eaton Vance and Direxion Daily Gold Miners Index Bull 2X ETF (NUGT) is an ETF from Direxion Shares ETF Trust. Over the past year ETJ returned -1.01% while NUGT returned -17.67%. Year to date, ETJ is down 1.86% versus a loss of 27.70% for NUGT.
Over three years, ETJ compounded at +10.94% per year against +64.31% for NUGT; over five years the annualized figures are +2.70% and +21.20% respectively. Across the full 16-year window we track, ETJ has the edge at -0.02% annualized vs -32.88%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NUGT has been the more volatile fund, with annualized monthly volatility of 97.3% compared with 12.3% for ETJ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The two funds' monthly returns correlate at 0.17. They move largely independently of each other.
Fees and Cost Over Time
ETJ charges 1.11% per year while NUGT charges 1.13%. On a $10,000 position that is $111 vs $113 annually, a gap of $2 per year that compounds over a long holding period. On income, ETJ currently yields 8.55% against 0.75% for NUGT.
Holdings Overlap
We hold position weights for 56 holdings in ETJ and 4 in NUGT, totalling 100.1% 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 56 positions we hold weights for in ETJ and 4 in NUGT, against full books of 74 and 20.
You are not choosing between two funds in isolation.
Whichever of ETJ 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, ETJ or NUGT?
ETJ has an expense ratio of 1.11% while NUGT charges 1.13%. ETJ is the cheaper option, by $2 a year on a $10,000 investment.
Which performed better, ETJ or NUGT?
Over the past year ETJ returned -1.01% vs -17.67% for NUGT, so ETJ leads on 1-year performance. Over the longest common window we track (16 years), ETJ annualized -0.02% vs -32.88% for NUGT. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ETJ or NUGT?
NUGT has been the more volatile fund at 97.3% annualized versus 12.3% for ETJ.
Should I hold both ETJ and NUGT?
ETJ and NUGT have a monthly-return correlation of 0.17, 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, ETJ or NUGT?
ETJ yields 8.55% while NUGT yields 0.75%, so ETJ currently pays the higher dividend yield.
Is NUGT better than ETJ?
ETJ has a lower expense ratio. ETJ led over 1Y and the full window, NUGT over 3Y and 5Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.