NUGT vs SSO
Direxion Daily Gold Miners Index Bull 2X ETF vs ProShares Ultra S&P500
Which is better, NUGT or SSO?
Each has led over a different period.
SSO has a lower expense ratio. NUGT led over 3Y and 5Y, SSO over 1Y 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 | SSO |
|---|---|---|
| Expense Ratio | 1.13% | 0.84%Best |
| AUM | $993M | $9.2B |
| Dividend Yield | 0.75% | 0.69% |
| Holdings | 20 | 521 |
| YTD Return | -27.70% | +21.98%Best |
| 1Y Return | -17.67% | +28.56%Best |
| 3Y Return (annualized) | +64.31%Best | +37.60% |
| 5Y Return (annualized) | +21.20%Best | +17.88% |
| Volatility (annualized) | 97.3% | 28.6%Best |
| Max Drawdown | - | -59.3% |
| $10,000 over 5 years | $26,152Best | $22,761 |
| Fund Family | Direxion Shares ETF Trust | ProShares |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Dec 8, 2010 | Jun 19, 2006 |
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).
NUGT vs SSO 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.
NUGT vs SSO Performance
Direxion Daily Gold Miners Index Bull 2X ETF (NUGT) is an ETF from Direxion Shares ETF Trust and ProShares Ultra S&P500 (SSO) is an ETF from ProShares. Over the past year NUGT returned -17.67% while SSO returned +28.56%. Year to date, NUGT is down 27.70% versus a gain of 21.98% for SSO.
Over three years, NUGT compounded at +64.31% per year against +37.60% for SSO; over five years the annualized figures are +21.20% and +17.88% respectively. Across the full 16-year window we track, SSO has the edge at +22.63% 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 28.6% for SSO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The two funds' monthly returns correlate at 0.20. They move largely independently of each other.
Fees and Cost Over Time
NUGT charges 1.13% per year while SSO charges 0.84%. On a $10,000 position that is $113 vs $84 annually, a gap of $29 per year that compounds over a long holding period. On income, NUGT currently yields 0.75% against 0.69% for SSO.
Holdings Overlap
We hold position weights for 4 holdings in NUGT and 504 in SSO, totalling 41.7% and 82.2% 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 4 positions we hold weights for in NUGT and 504 in SSO, against full books of 20 and 521.
You are not choosing between two funds in isolation.
Whichever of NUGT and SSO 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 SSO?
NUGT has an expense ratio of 1.13% while SSO charges 0.84%. SSO is the cheaper option, by $29 a year on a $10,000 investment.
Which performed better, NUGT or SSO?
Over the past year NUGT returned -17.67% vs +28.56% for SSO, so SSO leads on 1-year performance. Over the longest common window we track (16 years), NUGT annualized -32.88% vs +22.63% for SSO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NUGT or SSO?
NUGT has been the more volatile fund at 97.3% annualized versus 28.6% for SSO.
Should I hold both NUGT and SSO?
NUGT and SSO have a monthly-return correlation of 0.20, 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 SSO?
NUGT yields 0.75% while SSO yields 0.69%, so NUGT currently pays the higher dividend yield.
Is SSO better than NUGT?
SSO has a lower expense ratio. NUGT led over 3Y and 5Y, SSO over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.