NUGT vs SPY

Comparison between DIREXION DAILY GOLD MINERS INDEX BULL 2X SHARES (NUGT, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceNUGT has outperformed SPY, delivering a return of +23.3% compared to +13.3%

NUGT vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NUGT(ETF)	SPY(ETF)
Net Assets	$1.10B	$652B
Expense Ratio	N/A	0.09%
Max Drawdown	99.98%	56.47%
Sharpe Ratio	1.56	2.07
5Y Beta	1.32	1.00
P/E Ratio	N/A	28.24
Forward P/E	N/A	21.85
5Y Dividends CAGR	N/A	5.43%
5Y EPS CAGR	N/A	25.79%
Debt to Equity	N/A	22.35%
P/S Ratio	N/A	3.55
P/B Ratio	N/A	5.29

Net Assets

NUGT

$1.10B

Winner

SPY

$652B

Expense Ratio

NUGT

N/A

SPY

0.09%

Max Drawdown

NUGT

99.98%

Winner

SPY

56.47%

Sharpe Ratio

NUGT

1.56

Winner

SPY

2.07

5Y Beta

NUGT

1.32

Winner

SPY

1.00

P/E Ratio

NUGT

N/A

SPY

28.24

Forward P/E

NUGT

N/A

SPY

21.85

5Y Dividends CAGR

NUGT

N/A

SPY

5.43%

5Y EPS CAGR

NUGT

N/A

SPY

25.79%

Debt to Equity

NUGT

N/A

SPY

22.35%

P/S Ratio

NUGT

N/A

SPY

3.55

P/B Ratio

NUGT

N/A

SPY

5.29

NUGT vs SPY - Holdings Comparison

NUGT and SPY have 0 common holdings. Overlap is 0.00%

NUGT's top 25 holdings weight is 59.87%. SPY's top 25 holdings weight is 51.32%.

Rank	NUGT	SPY
#1	VANECK GOLD MINERS ETF (GDX) - 50.61%	NVIDIA CORP (NVDA) - 8.45%
#2	GOLDMAN SACHS FS TREASURY INTMS INSTL (FTIXX) - 9.26%	APPLE INC (AAPL) - 6.48%
#3	N/A	MICROSOFT CORP (MSFT) - 5.20%
#4	N/A	AMAZON.COM INC (AMZN) - 4.14%
#5	N/A	ALPHABET INC CLASS A (GOOGL) - 3.32%
#6	N/A	BROADCOM INC (AVGO) - 3.09%
#7	N/A	ALPHABET INC CLASS C (GOOG) - 2.65%
#8	N/A	META PLATFORMS INC CLASS A (META) - 2.40%
#9	N/A	TESLA INC (TSLA) - 1.73%
#10	N/A	BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43%
#11	N/A	JPMORGAN CHASE & CO (JPM) - 1.37%
#12	N/A	ELI LILLY AND CO (LLY) - 1.13%
#13	N/A	EXXON MOBIL CORP (XOM) - 1.03%
#14	N/A	MICRON TECHNOLOGY INC (MU) - 0.93%
#15	N/A	WALMART INC (WMT) - 0.91%
#16	N/A	JOHNSON & JOHNSON (JNJ) - 0.90%
#17	N/A	ADVANCED MICRO DEVICES INC (AMD) - 0.86%
#18	N/A	VISA INC CLASS A (V) - 0.85%
#19	N/A	COSTCO WHOLESALE CORP (COST) - 0.72%
#20	N/A	MASTERCARD INC CLASS A (MA) - 0.67%
#21	N/A	INTEL CORP (INTC) - 0.65%
#22	N/A	NETFLIX INC (NFLX) - 0.64%
#23	N/A	CATERPILLAR INC (CAT) - 0.62%
#24	N/A	CHEVRON CORP (CVX) - 0.58%
#25	N/A	PROCTER & GAMBLE CO (PG) - 0.57%
Total Holdings	2	505

NUGT vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	NUGT	SPY
1 month	-9.25%	+9.11%
3 months	-22.71%	+6.59%
6 months	+45.34%	+10.56%
1 year	+187.90%	+32.04%
5 years(CAGR)	+23.26%	+13.35%
10 years(CAGR)	-5.13%	+15.49%
Max(CAGR)	-31.70%	+8.50%

NUGT

-9.25%

Winner

SPY

+9.11%

NUGT

-22.71%

Winner

SPY

+6.59%

Winner

NUGT

+45.34%

SPY

+10.56%

Winner

NUGT

+187.90%

SPY

+32.04%

5Y(CAGR)

Winner

NUGT

+23.26%

SPY

+13.35%

10Y(CAGR)

NUGT

-5.13%

Winner

SPY

+15.49%

Max(CAGR)

NUGT

-31.70%

Winner

SPY

+8.50%

NUGT vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	NUGT	SPY
2026	+5.63%	+8.27%
2025	+385.27%	+18.00%
2024	+5.56%	+25.59%
2023	-3.75%	+26.72%
2022	-28.70%	-18.64%
2021	-35.36%	+30.52%
2020	-60.32%	+17.28%
2019	+102.29%	+31.09%
2018	-48.46%	-5.24%
2017	-7.85%	+20.78%
2016	+44.92%	+13.59%
2015	-79.93%	+1.31%
2014	-63.65%	+14.56%
2013	-95.24%	+29.00%
2012	-50.50%	+14.17%
2011	-46.56%	+0.85%
2010	+2.11%	+13.14%
2009	N/A	+22.67%
2008	N/A	-36.25%
2007	N/A	+5.32%
2006	N/A	+13.85%
2005	N/A	+5.32%
2004	N/A	+10.75%
2003	N/A	+24.18%
2002	N/A	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

NUGT vs SPY Drawdown Comparison

The maximum drawdown for NUGT was -99.97%, occurring on Sep 26, 2022. This drawdown has not yet recovered.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current NUGT drawdown is -99.75%.

Rank	NUGT	SPY
#1	-99.97% Sep 8, 2011 - Sep 26, 2022	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-35.24% Apr 8, 2011 - Sep 6, 2011	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-26.64% Dec 14, 2010 - Apr 5, 2011	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-0.82% Apr 6, 2011 - Apr 8, 2011	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	N/A	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	N/A	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	N/A	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	N/A	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	N/A	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	N/A	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	N/A	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	N/A	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	N/A	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	N/A	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	N/A	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between NUGT and SPY is -0.44 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.44

-101

Dividend Comparison (1999 - 2026)

NUGT vs SPY dividend yield comparison.

Year	NUGT	SPY
2026	0.15%	0.24%
2025	0.22%	1.07%
2024	1.79%	1.21%
2023	1.67%	1.40%
2022	0.70%	1.65%
2021	0.00%	1.20%
2020	0.00%	1.52%
2019	0.63%	1.75%
2018	0.57%	2.04%
2017	0.00%	1.80%
2016	0.00%	2.03%
2015	0.00%	2.06%
2014	0.00%	1.87%
2013	0.00%	1.81%
2012	0.00%	2.18%
2011	5.21%	2.05%
2010	0.00%	1.80%
2009	0.00%	1.95%
2008	0.00%	3.02%
2007	0.00%	1.85%
2006	0.00%	1.73%
2005	0.00%	1.73%
2004	0.00%	1.82%
2003	0.00%	1.47%
2002	0.00%	1.70%
2001	0.00%	1.25%
2000	0.00%	1.15%
1999	0.00%	0.24%