GNOV vs NUGT
FT Vest US Equity Moderate Buffer ETF - November vs Direxion Daily Gold Miners Index Bull 2X ETF
Which is better, GNOV or NUGT?
Each has led over a different period.
GNOV has a lower expense ratio. GNOV 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 | GNOV | NUGT |
|---|---|---|
| Expense Ratio | 0.85%Best | 1.13% |
| AUM | $300M | $993M |
| Dividend Yield | 0.00% | 0.75% |
| Holdings | 10 | 20 |
| YTD Return | +8.34%Best | -27.70% |
| 1Y Return | +13.36%Best | -17.67% |
| 3Y Return (annualized) | +12.23% | +64.31%Best |
| 5Y Return (annualized) | - | +21.20% |
| Volatility (annualized) | 5.2%Best | 85.1% |
| Max Drawdown | -10.7%Best | -67.4% |
| $10,000 over 2.9 years | $13,974 | $46,393Best |
| Fund Family | First Trust Portfolios (US) | Direxion Shares ETF Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Nov 17, 2023 | Dec 8, 2010 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Nov 20, 2023 to Oct 14, 2026 (2.9 years).
GNOV 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
GNOV vs NUGT Performance
FT Vest US Equity Moderate Buffer ETF - November (GNOV) is an ETF from First Trust Portfolios (US) and Direxion Daily Gold Miners Index Bull 2X ETF (NUGT) is an ETF from Direxion Shares ETF Trust. Over the past year GNOV returned +13.36% while NUGT returned -17.67%. Year to date, GNOV is up 8.34% versus a loss of 27.70% for NUGT.
Over three years, GNOV compounded at +12.23% per year against +64.31% for NUGT.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NUGT has been the more volatile fund, with annualized monthly volatility of 85.1% compared with 5.2% for GNOV. 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 -10.7% for GNOV 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 0.07. They move largely independently of each other.
Fees and Cost Over Time
GNOV charges 0.85% per year while NUGT charges 1.13%. On a $10,000 position that is $85 vs $113 annually, a gap of $28 per year that compounds over a long holding period. On income, GNOV currently yields 0.00% against 0.75% for NUGT.
You are not choosing between two funds in isolation.
Whichever of GNOV 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, GNOV or NUGT?
GNOV has an expense ratio of 0.85% while NUGT charges 1.13%. GNOV is the cheaper option, by $28 a year on a $10,000 investment.
Which performed better, GNOV or NUGT?
Over the past year GNOV returned +13.36% vs -17.67% for NUGT, so GNOV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GNOV or NUGT?
NUGT has been the more volatile fund at 85.1% annualized versus 5.2% for GNOV. Worst drawdown: GNOV -10.7% vs NUGT -67.4%.
Should I hold both GNOV and NUGT?
GNOV and NUGT have a monthly-return correlation of 0.07, 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, GNOV or NUGT?
GNOV yields 0.00% while NUGT yields 0.75%, so NUGT currently pays the higher dividend yield.
Is NUGT better than GNOV?
GNOV has a lower expense ratio. GNOV 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.