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NUGT

GradeCNew York Stock Exchange Arca

Direxion Daily Gold Miners Index Bull 2X ETF

Leveraged · Leveraged & Inverse · Direxion · Inception 2010-12-08 · SEC filings

This 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.

$170.33−14.06 (−7.63%)

As of Sep 23, 2026, 3:10 PM EDT

Intraday session: down, 69 prints from 184.39 to 170.33. Range 166.66 to 174.00. Use the arrow keys to read each point.$166.00$168.00$172.00$174.0010 AM12 PM2 PM4 PM
Expense ratio
1.13%
Fund size
$1.2B
1Y return
+26.8%
Yield · Last 12 months
0.60%
Holdings
11
Volume · 30D
0.7M sh
NAV per share
$178.10
52W range
low $98.81high $320.79

The ETF.net NUGT Grade

C

48/ 100

Rank 26 of 99 in Leveraged Long (2x & Other)⁠

Confidence Medium

Six-pillar profile for NUGT. Scores out of 100: Cost 39, Risk 35, Mission not scored, Tradability 73, Holdings not scored, Durability 75. Strongest: Durability (75). Weakest: Risk (35). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 48 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 39
    Category rank61/99 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 35
    Category rank75/94 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 73
    Category rank14/99 · top 14%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 75
    Category rank11/99 · top 11%

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on NUGT

ETF.net Research

CGold miners with the volume turned up. NUGT aims for 200% of the daily move of the MarketVector Global Gold Miners Index, a veteran way to press a view on mining shares without margin or an options account.

Stated mandate

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

Why people hold it

  1. 01One ticker, 2x daily exposure to a global gold-miners index. No margin account, no options chain, no borrow to arrange.direxion.com
  2. 02Trading since 2010, making it one of the longest-running leveraged miner funds around. It has traded through several full gold cycles.
  3. 03Actively traded and among the better-traded names in the leveraged cohort, which matters for a tool built to be entered and exited quickly.
  4. 04The index reaches globally, not just US-listed miners, so the basket follows where the gold digging actually happens.

Worth knowing

  1. 01Leverage resets daily. Hold longer than a day and results can drift well away from 2x the index's move over that stretch, especially in choppy markets.
  2. 02At 1.13% a year, the fee runs above the typical leveraged fund's, and it applies whichever way gold moves.
  3. 03Doubling a mining index puts this among the more volatile funds even inside a leveraged peer group. Position size does the heavy lifting here.

NUGT Holdings

As of Sep 22, 2026, 10:02 PM
Asset class
Stocks
Holdings
11
Top-10 weight
100%
Largest holding
GDX21.6%

Sectors

  • Materials100.0%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001GDXVANECK GOLD MINERS ETF21.61%6,526,219$616M12
002—GDX SWAP ASSET LEG (GDXMLL)13.08%3,949,494$373M1
003—DREYFUS GOVT CASH MAN INS12.37%352,741,536$353M108
004—GDX SWAP ASSET LEG (GDXJPL)10.77%3,253,078$307M1
005—GDX SWAP ASSET LEG (GDXCTL)10.38%3,135,016$296M1
006—GDX SWAP ASSET LEG (GDXGSL)10.37%3,132,344$296M1
007—GDX SWAP ASSET LEG (GDXUBL)8.97%2,707,877$256M1
008—GDX SWAP ASSET LEG (GDXBPL)5.88%1,775,345$168M1
009—GOLDMAN FINL SQ TRSRY INST 5064.47%127,411,301$127M100
010—DREYFUS TRSRY SECURITIES CASH MGMT2.10%59,823,681$60M82

Showing 1–10 of 10 holdings

NUGT Performance

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

NUGT$12,681
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. NUGT $12,681. SPY $11,723. Use the arrow keys to read each point.$5,835$14,216$22,596Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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 NUGT. Periods over one year show the average yearly return.
PeriodNUGT
Year to date+0.9%
1 month−11.1%
3 months+34.4%
1 year+26.8%
3 years+83.7%per year
5 years+33.5%per year
10 years−7.7%per year

As of the close, 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 NUGT
YearReturn barNUGT
2026 YTD+0.9%
2025+425.0%
2024+2.9%
2023+2.6%
2022−32.1%
2021−26.3%
2020−60.2%

NUGT in the news

ETF.net Research hasn’t filed on NUGT yet — coverage lands here as it’s written.

NUGT 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 Sep 22, 2026.
0.60%Last 12 months
Payout per share
$1.11Last 12 months
Upcoming payment
$0.40 per share
Pays on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 20 payments from 2017 to 2026 YTD. Mar 20, 2018 $0.32; Dec 27, 2018 $0.17; Mar 19, 2019 $0.13; Jun 25, 2019 $0.25; Dec 23, 2019 $0.71; Dec 20, 2022 $0.24; Mar 21, 2023 $0.05; Jun 21, 2023 $0.09; Sep 19, 2023 $0.11; Dec 21, 2023 $0.33; Mar 19, 2024 $0.20; Jun 25, 2024 $0.12; Sep 24, 2024 $0.07; Dec 23, 2024 $0.25; Mar 25, 2025 $0.15; Jun 24, 2025 $0.04; Dec 23, 2025 $0.22; Mar 24, 2026 $0.30; Jun 23, 2026 $0.20; Sep 22, 2026 $0.40. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 22, 2026Pays Sep 29, 2026$0.40
Jun 23, 2026Jun 30, 2026$0.20
Mar 24, 2026Mar 31, 2026$0.30
Dec 23, 2025Dec 31, 2025$0.22
Jun 24, 2025Jul 1, 2025$0.04
Mar 25, 2025Apr 1, 2025$0.15
Dec 23, 2024Dec 31, 2024$0.25
Sep 24, 2024Oct 1, 2024$0.07
Jun 25, 2024Jul 2, 2024$0.12
Mar 19, 2024Mar 26, 2024$0.20
Dec 21, 2023Dec 29, 2023$0.33
Sep 19, 2023Sep 26, 2023$0.11

NUGT Risk

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.
83.1%
Annualised · 36 months to Aug 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.
1.06
vs 3-month T-bills · to Aug 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.
−73.7%
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.
0.61
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.

NUGT Cost

Expense ratio1.13%
  • The middle half of Leveraged Long (2x & Other) funds
  • Median 0.99%

60 of the 93 Leveraged Long (2x & Other) funds charge less.

NUGT costs $113.00 a year on $10,000. The median Leveraged Long (2x & Other) fund costs $99.00.