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Launched · SEC filings

Direxion Daily Gold Miners Index Bull 2X ETF

NUGTNYSE 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.

$117.10+5.72 (+5.14%)

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

D34/ 100

Rank 78 of 99 in Leveraged Long (2x & Other)

D34/100Rank 78 of 99inLeveraged Long (2x & Other)
Intraday session: up, 79 prints from 111.38 to 117.10. Range 116.50 to 120.48. Use the arrow keys to read each point.114.00116.00120.0010 AM12 PM2 PM4 PM
Expense ratio
1.13%
Fund size
$851M
1Y total return
−15.6%
Yield · Last 12 months
1.00%
Holdings
10
Avg volume · 30D
672K sh
52W range
low $98.81high $320.79
Launched
Filings
SEC EDGAR

The ETF.net NUGT Grade

Based on 4 of 6 pillars

D

Score 34 out of 100

Category
Leveraged Long (2x & Other)⁠
Rank
78 of 99
Six-pillar profile for NUGT. Scores out of 100: Cost 15, Risk 37, Mission not scored, Tradability 58, Holdings not scored, Durability 75. Strongest: Durability (75). Weakest: Cost (15). Based on 4 of 6 pillars.

Score 34 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.
    F15 out of 100
    Rank 84 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.
    D37 out of 100
    Rank 71 of 98

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B58 out of 100
    Rank 38 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.
    A75 out of 100
    Rank 11 of 99

Our read on NUGT

ETF.net Research

In short

DGold 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

  • 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

Asset class
Stocks
Holdings
10
Top-10 weight
100%
Largest holding
GDX21.2%

Sectors

  • Materials100.0%

Geography

  • Canada55.62%
  • United States23.00%
  • Australia8.61%
  • South Africa4.88%
  • Mexico2.31%
  • United Kingdom2.10%
  • Hong Kong1.07%
  • Indonesia0.99%
  • Other countries (2)1.42%

Developed 88% · Emerging 12% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1GDXVaneck Gold Miners Etf21.18%5,653,909$460M11
2No dataDreyfus Govt Cash Man Ins13.08%284,035,788$284M105
3No dataGdx Swap Asset Leg (Gdxjpl)12.18%3,253,078$265M1
4No dataGdx Swap Asset Leg (Gdxgsl)11.73%3,132,344$255M1
5No dataGdx Swap Asset Leg (Gdxctl)10.74%2,867,109$233M1
6No dataGdx Swap Asset Leg (Gdxmll)10.40%2,775,308$226M1
7No dataGdx Swap Asset Leg (Gdxubl)6.42%1,713,633$139M1
8No dataGdx Swap Asset Leg (Gdxbpl)5.76%1,538,198$125M1
9No dataGoldman Finl Sq Trsry Inst 5065.71%124,026,598$124M95
10No dataDreyfus Trsry Securities Cash Mgmt2.80%60,763,526$60.8M77

Showing 1–10 of 10 holdings

NUGT Performance

Launched Dec 8, 2010

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

NUGT$8,440
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. NUGT $8,440. SPY $11,199. Use the arrow keys to read each point.$10,000$15,000$20,000Oct 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 NUGT. Periods over one year show the average yearly return.
PeriodNUGT
Year to date−39.1%
1 month−24.6%
3 months+0.7%
1 year−15.6%
3 yearsper year+59.3%
5 yearsper year+19.0%
10 yearsper year−8.3%

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−39.1%
2025+425.0%
2024+2.9%
2023+2.6%
2022−32.1%

NUGT in the news

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 Oct 30, 2026.
1.00%Last 12 months
Payout per share
$1.11Last 12 months
Last payment
$0.40 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. 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, 2026Sep 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

See all 21 payments⁠

$10,000 in NUGT 10 years ago paid $146 in dividends.⁠

NUGT Risk

Risk pillarD37 out of 100Rank 71 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.
85.7%
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.
−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.

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

NUGT Cost

Compare NUGT and WX

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

$16,609

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

  • NUGT 1.13%

    $20,764

  • WX 0.20% Cheapest

    $4,155

$10,000
30 years

Cost over time

  • NUGT 1.13%
  • 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$20K$25K051015202530NUGT $20,764WX $4,155

Year by year

YearNUGTWXOverpaying
10$1,981$365$1,616
20$7,403$1,421$5,982
30$20,764$4,155$16,609

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