4 min read
By Beqa Bumbeishvili, ETF Insider


Exchange-Traded Funds (ETFs) have transformed the landscape of investment by providing diversified exposure to a wide array of sectors and asset classes. In this article, we will delve into an in-depth comparison between two prominent ETFs: GOEX (Global X Gold Explorers ETF) and NUGT (Direxion Daily Gold Miners Bull 2X Shares). Throughout the analysis, we will explore various key aspects, including ETF tickers, full names, issuers, sectors, top holdings, capitalization, investment strategy, tracking mechanisms, and exposure.

GOEX Vs NUGT: Overview

GOEX and NUGT are two ETFs with distinct approaches to the gold industry. GOEX focuses on companies engaged in the exploration of gold resources, while NUGT provides leveraged exposure to the performance of gold mining firms. This contrast in investment strategies translates into varying levels of risk and potential returns, and we will examine these dynamics in the upcoming sections.

GOEX Vs NUGT: Sectors and Top Holdings

The GOEX ETF primarily targets companies involved in gold exploration and mining. Its top holdings may include prominent names such as Newmont Corporation, Barrick Gold Corporation, and Agnico Eagle Mines Limited. On the other hand, NUGT aims to amplify the daily returns of gold mining companies through leverage. Understanding the sectors and top holdings of these ETFs empowers investors to align their choices with their investment objectives and risk tolerance.


GOEX Vs NUGT: Capitalization and Investment Strategy

GOEX boasts a substantial Asset Under Management (AUM), indicative of its popularity among investors who seek exposure to gold exploration companies. In contrast, NUGT is designed to amplify the returns of its underlying index, often using financial derivatives. This difference in capitalization and investment strategy leads to varied potential outcomes in terms of returns and risk. Prospective investors should carefully evaluate these distinctions.

GOEX Vs NUGT: Tracking and Exposure

GOEX tracks an index comprising companies engaged in gold exploration, providing investors with a focused exposure to this specific segment of the gold industry. NUGT, on the other hand, aims to achieve double the daily returns of the NYSE Arca Gold Miners Index through leverage. This strategy introduces an additional layer of complexity and risk compared to GOEX's more straightforward tracking approach. Investors need to comprehend these nuances when deciding which ETF aligns with their goals.


GOEX and NUGT present distinct investment opportunities within the gold sector, catering to varying investor preferences and risk appetites. If you're keen on delving deeper into the intricacies of their holdings, correlations, overlaps, and other insightful data, consider utilizing ETF Insider—an intuitive and user-friendly application designed to provide comprehensive insights into these financial instruments.

Through ETF Insider, you can gain invaluable perspectives that can aid your decision-making process. Whether you're a seasoned investor seeking to refine your strategy or a newcomer looking to understand the nuances of ETFs, this tool equips you with the information needed to make informed investment choices.

<strong>Disclaimer:</strong> This article is intended for informational purposes only and does not provide any form of investment advisory services. Investing in ETFs involves risks, and individuals should conduct thorough research or consult with financial professionals before making any investment decisions.


  • Global X Funds. (n.d.). GOEX - Global X Gold Explorers ETF. Retrieved from [GOEX Overview Link].
  • Direxion. (n.d.). NUGT - Direxion Daily Gold Miners Bull 2X Shares. Retrieved from [NUGT Overview Link].

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  • Why is GOEX better than NUGT?

    GOEX may be considered better than NUGT for some investors due to its specific focus, offering diversification.

  • Does NUGT beat GOEX?

    NUGT's performance relative to GOEX will vary over time, depending on market conditions.

  • Should I invest in GOEX or NUGT?

    The choice between GOEX and NUGT should align with your investment goals, risk tolerance, and desired exposure.

  • Are GOEX and NUGT good investments?

    Both GOEX and NUGT can be suitable investments depending on individual investment strategies, goals, and risk profiles.

  • What is the correlation between GOEX and NUGT?

    The correlation between GOEX and NUGT can vary over time, reflecting differences in performance.