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Launched · SEC filings

Direxion Daily Gold Bull 2X ETF

UGLDNYSE ArcaCThis 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.

$19.80−0.10 (−0.50%)

At close: Oct 13, 2026, 4:00 PM

C43/ 100

Rank 36 of 99 in Leveraged Long (2x & Other)

C43/100Rank 36 of 99inLeveraged Long (2x & Other)
Intraday session: down, 32 prints from 19.90 to 19.80. Range 19.62 to 20.04. Use the arrow keys to read each point.19.6019.7020.0010 AM12 PM2 PM4 PM
Expense ratio
1.09%
Fund size
$11M
1Y total return
—
Yield · Last 12 months
Data unavailable
Holdings
8
Avg volume · 30D
0M sh
NAV per share
$20.11
52W range
low $18.79high $25.69
Launched
Filings
SEC EDGAR

The ETF.net UGLD Grade

Based on 4 of 6 pillars

C

Score 43 out of 100

Category
Leveraged Long (2x & Other)⁠
Rank
36 of 99
Six-pillar profile for UGLD. Scores out of 100: Cost 41, Risk 43, Mission not scored, Tradability 47, Holdings not scored, Durability 42. Strongest: Tradability (47). Weakest: Cost (41). Based on 4 of 6 pillars.

Score 43 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.
    C41 out of 100
    Rank 58 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.
    C43 out of 100
    Rank 61 of 96

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C47 out of 100
    Rank 57 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.
    C42 out of 100
    Rank 62 of 99

Our read on UGLD

ETF.net Research

CMost leveraged gold products ride futures contracts. This one doesn't: it uses swaps on a spot gold ETP to target 200% of gold's daily move, inside a 1940 Act fund that sends a 1099 instead of a K-1.

Stated mandate

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

Why people hold it

  1. 01Swap exposure to a spot gold ETP rather than futures, so there are no contract rolls to manage, an ongoing chore for futures-based gold products.direxion.com
  2. 02Registered under the Investment Company Act of 1940 and reports on a standard Form 1099, not the Schedule K-1 many leveraged commodity products hand you in April.direxion.comdirexion.com
  3. 03The mandate is narrow and literal: 200% of gold's daily price performance before fees and expenses. No miners, no commodity basket, no equity tagging along.
  4. 04Fees land near the middle of the leveraged bull pack at 1.09% a year, with a contractual expense waiver from the adviser running into 2027.direxion.com

Worth knowing

  1. 01Leverage resets every day. Hold past a single session and compounding takes over, so a week's or month's result can sit well away from twice gold's move.direxion.com
  2. 02Launched in 2026 and framed by Direxion as a tool for tactical traders, so there is little long-run history to study.direxion.com
  3. 03A small fund that trades lightly next to household-name leveraged ETFs, which puts spreads and limit orders front of mind.

UGLD Holdings

As of Oct 13, 2026
Asset class
Other
Holdings
8
Top-10 weight
100%
Largest holding
Gld Swap Asset Leg (Gldgsl)24.9%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Gld Swap Asset Leg (Gldgsl)24.94%21,353$8M1
002—Gld Swap Asset Leg (Gldctl)22.47%19,240$7M1
003—Dreyfus Govt Cash Man Ins16.93%5,574,760$6M108
004—Gld Swap Asset Leg (Gldbcl)13.22%11,321$4M1
005—Dreyfus Trsry Securities Cash Mgmt10.18%3,351,662$3M84
006—Goldman Finl Sq Trsry Inst 5066.17%2,032,166$2M98
007—Gld Swap Asset Leg (Gldjpl)3.50%3,000$1M1
008—Goldman Sachs Fin Gov 465 Institut2.58%850,000$850K76

Showing 1–8 of 8 holdings

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$9,904
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. UGLD $9,904. SPY $10,332. Use the arrow keys to read each point.$9,140$11,026$12,913Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – Oct 12, 2026

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.

Trailing total return for UGLD. Periods over one year show the average yearly return.
PeriodUGLD
Year to dateFund launched this year—
1 month−9.2%
3 months−1.0%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper 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 UGLD
YearReturn barUGLD
2026 YTD−17.8%

Since listing, May 27, 2026

UGLD in the news

Filtered to UGLD · Leveraged Long (2x & Other)

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

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.

UGLD Cost

Expense ratio1.09%
  • The middle half of Leveraged Long (2x & Other) funds
  • Median 1.00%

57 of the 95 Leveraged Long (2x & Other) funds charge less.

UGLD costs $109.00 a year on $10,000. The median Leveraged Long (2x & Other) fund costs $100.00.

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