Skip to content
etf.net

Launched · SEC filings

Direxion Daily Gold Bull 2X ETF

UGLDNYSE 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.

$18.27−1.11 (−5.73%)

As of Nov 10, 2026, 11:21 AM ET

D33/ 100

Rank 82 of 99 in Leveraged Long (2x & Other)

D33/100Rank 82 of 99inLeveraged Long (2x & Other)
Intraday session: down, 23 prints from 19.38 to 18.27. Range 18.27 to 18.50. Use the arrow keys to read each point.18.4018.6018.8019.0019.2010 AM12 PM2 PM4 PM
Expense ratio
1.07%*
Fund size
$18M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
8
Avg volume · 30D
74.1K sh
52W range
low $16.93high $25.69
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Sep 1, 2027. Without it: 1.09%.

The ETF.net UGLD Grade

Based on 4 of 6 pillars

D

Score 33 out of 100

Category
Leveraged Long (2x & Other)⁠
Rank
82 of 99
Six-pillar profile for UGLD. Scores out of 100: Cost 19, Risk 40, Mission not scored, Tradability 51, Holdings not scored, Durability 46. Strongest: Tradability (51). Weakest: Cost (19). Based on 4 of 6 pillars.

Score 33 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.
    F19 out of 100
    Rank 80 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.
    C40 out of 100
    Rank 66 of 98

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C51 out of 100
    Rank 53 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.
    C46 out of 100
    Rank 56 of 99

Our read on UGLD

ETF.net Research

In short

DTwo times gold, re-struck every session. UGLD targets 200% of gold's daily price move with the SPDR Gold Trust as its reference, at 1.07% net of a waiver through September 1, 2027. A trading tool, not a bar in a vault.

Stated mandate

The fund seeks daily investment results, before fees and expenses, equal to 200% of gold’s price performance.

Why people hold it

  • The mandate is narrow and legible: 200% of gold's daily price move, referenced to a single gold holding (GLD). No miners, no basket to drift away from the metal.direxion.comdirexion.com 2
  • Leverage arrives inside a plain ETF share, so the 2x daily target needs no margin account, and an intraday value (UGLD.IV) publishes through the session.direxion.com
  • Moderately traded for a fund launched in 2026, and Direxion waives part of the 1.09% gross fee down to 1.07% net through September 1, 2027.

Worth knowing

  • Daily reset is the whole story: held longer than a day, compounding takes over and multi-week results can diverge sharply from 2x gold's move, especially in choppy tape.direxion.com
  • Cost sits above the leveraged-bull median: 1.07% net of a waiver through September 1, 2027, against 0.89% net of a waiver through September 30, 2027 at QLD and 0.93% at ROM.
  • Launched in 2026 and still small, so there is only a short record of how tightly daily results have tracked the 200% target.

UGLD Performance

Launched May 27, 2026

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

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
UGLD$8,724
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$9,758
Aug 7, 2026 to Nov 9, 2026. UGLD $8,724. SPY $9,758. Use the arrow keys to read each point.$8,000$9,000$10,000$11,000Aug 2026Sep 2026Nov 2026

Aug 7, 2026 – Nov 9, 2026

Returns run to the Nov 9, 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 UGLD. Periods over one year show the average yearly return.
PeriodUGLD
Year to dateFund launched this yearNo data
1 month−3.5%
3 months−12.8%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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 UGLD
YearReturn barUGLD
2026 YTD−19.9%

Since listing, May 27, 2026

UGLD in the news

UGLD Dividends

Last payment
$0.08 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 2 payments in 2026 YTD. Jun 23, 2026 $0.05; Sep 22, 2026 $0.08. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 22, 2026Sep 29, 2026$0.08
Jun 23, 2026Jun 30, 2026$0.05

UGLD Risk

Risk pillarC40 out of 100Rank 66 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.
Launched May 2026; fills in after 12 months
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.
Launched May 2026; fills in after 12 months
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.
Launched May 2026; fills in after 12 months
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.
0.00
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.

UGLD Cost

Compare UGLD and WX

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

$15,660

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

  • UGLD 1.07%

    $19,815

  • WX 0.20% Cheapest

    $4,155

$10,000
30 years

Cost over time

  • UGLD 1.07%
  • 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$20K051015202530UGLD $19,815WX $4,155

Year by year

YearUGLDWXOverpaying
10$1,881$365$1,516
20$7,046$1,421$5,625
30$19,815$4,155$15,660
How the 1.07% is worked out

Full fee 1.09%− waiver 0.02%= you pay 1.07%

The waiver ends Sep 1, 2027. After that the fee is 1.09% unless Direxion renews it. Source: prospectus, Apr 2026.

Other funds in Leveraged Long (2x & Other)

See others