NUGT vs NVDL
Direxion Daily Gold Miners Index Bull 2X ETF vs GraniteShares 2x Long NVDA Daily ETF
Which is better, NUGT or NVDL?
NVDL has been ahead.
NVDL has a lower expense ratio. NVDL led over 1Y, 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 | NUGT | NVDL |
|---|---|---|
| Expense Ratio | 1.13% | 1.05%Best |
| AUM | $993M | $3.5B |
| Dividend Yield | 0.75% | 0.00% |
| Holdings | 20 | 4 |
| YTD Return | -21.62% | +9.90%Best |
| 1Y Return | -17.11% | +14.86%Best |
| 3Y Return (annualized) | +68.72% | +93.07%Best |
| 5Y Return (annualized) | +23.69% | - |
| Volatility (annualized) | 80.9% | 78.3%Best |
| Max Drawdown | -67.4%Best | -67.5% |
| $10,000 over 3.8 years | $40,440 | $244,544Best |
| Fund Family | Direxion Shares ETF Trust | GraniteShares |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Dec 8, 2010 | Dec 13, 2022 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.8 years row, are measured over the window both funds cover: Dec 13, 2022 to Oct 15, 2026 (3.8 years).
NUGT vs NVDL 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 3.8 years both funds cover.
NUGT vs NVDL Performance
Direxion Daily Gold Miners Index Bull 2X ETF (NUGT) is an ETF from Direxion Shares ETF Trust and GraniteShares 2x Long NVDA Daily ETF (NVDL) is an ETF from GraniteShares. Over the past year NUGT returned -17.11% while NVDL returned +14.86%. Year to date, NUGT is down 21.62% versus a gain of 9.90% for NVDL.
Over three years, NUGT compounded at +68.72% per year against +93.07% for NVDL. Across the full 4-year window we track, NVDL has the edge at +131.93% annualized vs +44.44%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NUGT has been the more volatile fund, with annualized monthly volatility of 80.9% compared with 78.3% for NVDL. 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 -67.4% for NUGT and -67.5% for NVDL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.13. They move largely independently of each other.
Fees and Cost Over Time
NUGT charges 1.13% per year while NVDL charges 1.05%. On a $10,000 position that is $113 vs $105 annually, a gap of $8 per year that compounds over a long holding period. On income, NUGT currently yields 0.75% against 0.00% for NVDL.
You are not choosing between two funds in isolation.
Whichever of NUGT and NVDL 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, NUGT or NVDL?
NUGT has an expense ratio of 1.13% while NVDL charges 1.05%. NVDL is the cheaper option, by $8 a year on a $10,000 investment.
Which performed better, NUGT or NVDL?
Over the past year NUGT returned -17.11% vs +14.86% for NVDL, so NVDL leads on 1-year performance. Over the longest common window we track (4 years), NUGT annualized +44.44% vs +131.93% for NVDL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NUGT or NVDL?
NUGT has been the more volatile fund at 80.9% annualized versus 78.3% for NVDL. Worst drawdown: NUGT -67.4% vs NVDL -67.5%.
Should I hold both NUGT and NVDL?
NUGT and NVDL have a monthly-return correlation of -0.13, 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, NUGT or NVDL?
NUGT yields 0.75% while NVDL yields 0.00%, so NUGT currently pays the higher dividend yield.
Is NVDL better than NUGT?
NVDL has a lower expense ratio. NVDL led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.