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Launched · SEC filings

Direxion Daily Junior Gold Miners Index Bull 2X ETF

JNUGNYSE ArcaDirexionDThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$105.18+4.43 (+4.40%)

At close: Nov 2, 2026, 4:00 PM ET

D36/ 100

Rank 74 of 99 in Leveraged Long (2x & Other)

D36/100Rank 74 of 99inLeveraged Long (2x & Other)
Intraday session: up, 79 prints from 100.75 to 105.18. Range 104.34 to 109.47. Use the arrow keys to read each point.102.00104.00108.0010 AM12 PM2 PM4 PM
Expense ratio
1.03%
Fund size
$347M
1Y total return
−26.7%
Yield · Last 12 months
3.49%
Holdings
7
Avg volume · 30D
283K sh
52W range
low $97.27high $363.55
Launched
Filings
SEC EDGAR

The ETF.net JNUG Grade

Based on 4 of 6 pillars

D

Score 36 out of 100

Category
Leveraged Long (2x & Other)⁠
Rank
74 of 99
Six-pillar profile for JNUG. Scores out of 100: Cost 21, Risk 34, Mission not scored, Tradability 56, Holdings not scored, Durability 73. Strongest: Durability (73). Weakest: Cost (21). Based on 4 of 6 pillars.

Score 36 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F21 out of 100
    Rank 78 of 99

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D34 out of 100
    Rank 74 of 98

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B56 out of 100
    Rank 41 of 99

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A73 out of 100
    Rank 14 of 99

Our read on JNUG

ETF.net Research

In short

DGold's high-octane corner. JNUG aims for 200% of the daily move in an index of junior gold miners, the small exploration and development names that swing hardest when bullion twitches. Running since 2013, built for day-length holding periods.

Stated mandate

The fund seeks daily investment results equal to 200% of the performance of the MVIS Global Junior Gold Miners Index, before fees and expenses.

Why people hold it

  • Narrow on purpose: it targets junior gold miners through the MVIS Global Junior Gold Miners Index, not the big established producers, then applies 2x daily leverage.
  • Live since 2013, so it has traded through several full gold cycles. Long history, one of the more established names in Direxion's leveraged lineup.
  • The 1.03% expense ratio is right in line with what leveraged ETFs typically charge, so the niche exposure carries no cost premium over broad-market 2x and 3x funds.

Worth knowing

  • The leverage resets every day. Hold past one session and compounding drives the result, which in choppy markets can land well away from 2x the index move.
  • Junior miners are among the jumpiest equities out there before any leverage. Doubling the daily move amplifies drops as much as gains.
  • At 1.03% a year, the fee is a real drag on anything held for long stretches, which sits awkwardly with a fund designed around single-day results.

JNUG Holdings

Asset class
Stocks
Holdings
7
Top-10 weight
100%
Largest holding
Dreyfus Govt Cash Man Ins20.3%

Sectors

  • Materials100.0%

Geography

  • Canada53.03%
  • United States14.13%
  • Australia13.31%
  • United Kingdom7.81%
  • South Africa2.94%
  • Mexico2.77%
  • China2.42%
  • Peru1.73%
  • Other countries (4)1.86%

Developed 86% · Emerging 14% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataDreyfus Govt Cash Man Ins20.32%201,347,770$201M105
2No dataGdxj Swap Asset Leg (Gdxjjpl)19.91%1,954,326$197M1
3No dataGdxj Swap Asset Leg (Gdxjctl)16.52%1,621,895$164M1
4No dataGdxj Swap Asset Leg (Gdxjbpl)15.64%1,534,733$155M1
5GDXJVaneck Junior Gold Miners12.81%1,257,283$127M5
6No dataGoldman Finl Sq Trsry Inst 5069.61%95,236,305$95.2M95
7No dataGdxj Swap Asset Leg (Gdxjubl)5.18%508,912$51.4M1

Showing 1–7 of 7 holdings

JNUG Performance

Launched Oct 3, 2013

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

JNUG$7,332
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. JNUG $7,332. SPY $11,199. Use the arrow keys to read each point.$10,000$15,000$20,000$25,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for JNUG. Periods over one year show the average yearly return.
PeriodJNUG
Year to date−50.5%
1 month−32.2%
3 months−8.9%
1 year−26.7%
3 yearsper year+58.6%
5 yearsper year+10.0%
10 yearsper year−26.6%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for JNUG
YearReturn barJNUG
2026 YTD−50.5%
2025+478.4%
2024+10.0%
2023−4.8%

JNUG in the news

JNUG Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
3.49%Last 12 months
Payout per share
$3.51Last 12 months
Last payment
$0.76 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 21 payments from 2017 to 2026 YTD. Mar 21, 2017 $4.51; Dec 27, 2018 $0.27; Mar 19, 2019 $2.22; Mar 24, 2020 $0.12; Mar 23, 2021 $0.34; Mar 21, 2023 $0.17; Jun 21, 2023 $0.13; Sep 19, 2023 $0.13; Dec 21, 2023 $0.12; Mar 19, 2024 $0.35; Jun 25, 2024 $0.20; Sep 24, 2024 $0.15; Dec 23, 2024 $0.03; Mar 25, 2025 $0.82; Jun 24, 2025 $0.16; Sep 23, 2025 $0.15; Dec 23, 2025 $0.07; Dec 31, 2025 $0.93; Mar 24, 2026 $1.20; Jun 23, 2026 $0.56; Sep 22, 2026 $0.76. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 22, 2026Sep 29, 2026$0.76
Jun 23, 2026Jun 30, 2026$0.56
Mar 24, 2026Mar 31, 2026$1.20
Dec 31, 2025Jan 8, 2026$0.93
Dec 23, 2025Dec 31, 2025$0.07
Sep 23, 2025Sep 30, 2025$0.15
Jun 24, 2025Jul 1, 2025$0.16
Mar 25, 2025Apr 1, 2025$0.82
Dec 23, 2024Dec 31, 2024$0.03
Sep 24, 2024Oct 1, 2024$0.15
Jun 25, 2024Jul 2, 2024$0.20
Mar 19, 2024Mar 26, 2024$0.35

See all 24 payments⁠

$10,000 in JNUG 10 years ago paid $51.49 in dividends.⁠

JNUG Risk

Risk pillarD34 out of 100Rank 74 of 98 in Leveraged Long (2x & Other)

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
94.5%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.88
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−76.7%
Trough Sep 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.86
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

JNUG Cost

Compare JNUG and WX

Overpaying vs WX, cheapest in Leveraged Long (2x & Other)

$15,018

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • JNUG 1.03%

    $19,173

  • WX 0.20% Cheapest

    $4,155

$10,000
30 years

Cost over time

  • JNUG 1.03%
  • WX 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530JNUG $19,173WX $4,155

Year by year

YearJNUGWXOverpaying
10$1,814$365$1,449
20$6,807$1,421$5,386
30$19,173$4,155$15,018

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