Direxion Daily Gold Miners Index Bull 2X ETF
CThis 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.
$144.96−4.31 (−2.89%)
- 1.13%
- $1.0B
- −0.5%
- 0.75%
- 0.7M sh
- $151.84
- low $98.81high $320.79
The ETF.net NUGT Grade
C
Score 48 out of 100
- 24 of 99
Score 48 of 100 falls in the C 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.D39 out of 100Rank 60 of 99Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D33 out of 100Rank 74 of 96Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A76 out of 100Rank 13 of 99Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A75 out of 100Rank 11 of 99
Our read on NUGT
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.
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
- One ticker, 2x daily exposure to a global gold-miners index. No margin account, no options chain, no borrow to arrange.direxion.com
- Trading since 2010, making it one of the longest-running leveraged miner funds around. It has traded through several full gold cycles.
- Actively traded and among the better-traded names in the leveraged cohort, which matters for a tool built to be entered and exited quickly.
- The index reaches globally, not just US-listed miners, so the basket follows where the gold digging actually happens.
Worth knowing
- Leverage 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.
- At 1.13% a year, the fee runs above the typical leveraged fund's, and it applies whichever way gold moves.
- Doubling 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
- Stocks
- 10
- 100%
- GDX
Sectors
- Materials100.0%
Geography
- United States100.00%
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$9,946
Returns run to the Oct 12, 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.
| Period | NUGT |
|---|---|
| Year to date | −18.3% |
| 1 month | −18.1% |
| 3 months | +28.3% |
| 1 year | −0.5% |
| 3 years | +76.3% |
| 5 years | +27.0% |
| 10 years | −4.0% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | NUGT |
|---|---|---|
| 2026 YTD | −18.3% | |
| 2025 | +425.0% | |
| 2024 | +2.9% | |
| 2023 | +2.6% | |
| 2022 | −32.1% | |
| 2021 | −26.3% | |
| 2020 | −60.2% |
NUGT in the news
NUGT Dividends
- 0.75%
- $1.11
- $0.40 per share
- Quarterly
Distribution history
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.
- 83.7%
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.
- 1.03
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.
- −73.7%
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.
- 0.61
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
1.13%
NUGT1.13%
- The middle half of Leveraged Long (2x & Other) funds
- Median 1.00%
61 of the 95 Leveraged Long (2x & Other) funds charge less.
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- CUSTProShares - Ultra 7-10 Year TreasuryExpense ratio 1.18%1 year return −11.7%