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JNUG vs QLD

Direxion Daily Junior Gold Miners Index Bull 2X ETF

JNUGDNYSE Arca

ProShares Ultra QQQ

QLDANYSE Arca

Overlap

Expense ratio

QLD −0.14pt a year

JNUG1.03%QLD0.89%

Avg volume · 30D

QLD 14.7×the volume

JNUG283KQLD4.15M

10Y return · a year

QLD +58.5pt

JNUG−26.6%QLD+31.9%

JNUG vs QLD Performance

Oct 29, 2021 – Oct 30, 2026

+61.3%JNUG+97.9%QLD

Oct 29, 2021 to Oct 30, 2026. JNUG +61.3%. QLD +97.9%. Use the arrow keys to read each point.200%300%400%Oct 2021Apr 2024Oct 2026
Expense ratio
JNUG 1.03%
QLD 0.89%, better
Fund size
JNUG $347M
QLD $13.3B
1Y total return
JNUG −26.7%
QLD +10.7%, better
Yield (12M)
JNUG 3.49%, better
QLD 0.15%
Holdings
JNUG 7
QLD 113
Avg volume (30D)
JNUG 283K sh
QLD 4.15M sh, better
NAV per share
JNUG $114.05
QLD $82.56
52W range

ETF.net Grade

JNUG: Cost 21, Risk 34, Mission not scored, Tradability 56, Holdings not scored, Durability 73. QLD: Cost 72, Risk 66, Mission 95, Tradability 100, Holdings 72, Durability 81.
Pillar letters and Scores for JNUG, QLD, with each pillar’s weight
PillarJNUGQLD
Cost30% weightF21A72Higher
Mission25% weightNot scoredA95
Risk15% weightD34B66Higher
Tradability15% weightB56A100Higher
Holdings10% weightNot scoredA72
Durability5% weightA73A81Higher

Rank among Leveraged Long (2x & Other) funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. JNUG and QLD are both graded against the same 95 Leveraged Long (2x & Other) funds, so their Grades compare head to head.

Leveraged Long (2x & Other)⁠

Category · 95 funds
See all 95 ›

QLD ranks 1st and JNUG 74th of 95 funds in the Leveraged Long (2x & Other) Category.

  1. Rank 1AQLDProShares Ultra QQQScore 77
  2. Rank 2AUYGProShares Ultra FinancialsScore 74
  3. Rank 71DUPLTProShares Ultra Platinum K-1 Free ETFScore 38
  4. Rank 74DJNUGDirexion Daily Junior Gold Miners Index Bull 2X ETFScore 36
  5. Rank 75DCHAUDirexion Daily CSI 300 China A Share Bull 2X SharesScore 35

Our read on each fund

ETF.net Research

JNUGDDirexion Daily Junior Gold Miners Index Bull 2X ETF

QLDAProShares Ultra QQQ

In short

JNUG Gold's high-octane corner. JNUG aims for 200% of the daily move in an index of junior gold miners, the small exploration and development names that swing hardest when bullion twitches. Running since 2013, built for day-length holding periods.

QLD The 2x dial on the Nasdaq-100. QLD aims for twice the index's daily move, half the dose of the 3x crowd, and it has been running that playbook since 2006. The multiple resets every session.

Stated mandate

JNUG The fund seeks daily investment results equal to 200% of the performance of the MVIS Global Junior Gold Miners Index, before fees and expenses.

QLD The fund seeks daily investment results, before fees and expenses, equal to twice the daily performance of the Nasdaq-100 Index.

Why people hold it

  • JNUG Narrow on purpose: it targets junior gold miners through the MVIS Global Junior Gold Miners Index, not the big established producers, then applies 2x daily leverage.
  • Live since 2013, so it has traded through several full gold cycles. Long history, one of the more established names in Direxion's leveraged lineup.
  • The 1.03% expense ratio is right in line with what leveraged ETFs typically charge, so the niche exposure carries no cost premium over broad-market 2x and 3x funds.
  • QLD Costs 0.89% net of a waiver through September 30, 2027 (0.96% gross), below the leveraged-bull category median and under Ultra stablemates ROM (0.93%) and DDM (0.95%).
  • Hits its stated daily 2x mark with very little drift, one of the tighter implementations among the roughly 100 leveraged bull funds in its group.
  • A multi-billion-dollar, actively traded fund, so entering and exiting rarely means hunting for the other side of the trade.
  • Trading since June 2006, which makes it one of the longest-running leveraged equity funds on the US shelf rather than a recent product-shelf experiment.

Worth knowing

  • JNUG The leverage resets every day. Hold past one session and compounding drives the result, which in choppy markets can land well away from 2x the index move.
  • Junior miners are among the jumpiest equities out there before any leverage. Doubling the daily move amplifies drops as much as gains.
  • At 1.03% a year, the fee is a real drag on anything held for long stretches, which sits awkwardly with a fund designed around single-day results.
  • QLD The 2x objective covers one day only. Hold longer and daily resets plus compounding can push results away from twice the index's move over that stretch, in either direction.proshares.com
  • Magnification runs both ways: a down day in the Nasdaq-100 lands on shareholders at roughly double size, same as an up day.
  • Cheap for geared exposure, still well above a plain unleveraged Nasdaq-100 tracker. The waiver is set to lapse September 30, 2027, after which the 0.96% gross rate applies unless renewed.

Full JNUG profile⁠

Full QLD profile⁠

JNUG vs QLD Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

JNUG vs QLD Cost

Overpaying JNUG vs QLD

$2,301

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

  • JNUG 1.03%

    $19,173

  • QLD 0.89%

    $16,872

$10,000
30 years

Cost over time

  • JNUG 1.03%
  • QLD 0.89%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530JNUG $19,173QLD $16,872

Year by year

YearJNUGQLDOverpaying
10$1,814$1,576$238
20$6,807$5,953$854
30$19,173$16,872$2,301

Expense ratio

  • 1.03%JNUG
  • 0.89%QLD, cheaper
  • Middle half of Leveraged Long (2x & Other) funds
  • Median 0.95%

QLD 28th cheapest of 95 funds

JNUG 78th cheapest of 95 funds

JNUG vs QLD Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
JNUG 3.49%, better
QLD 0.15%
Payout (12M)
JNUG $3.51
QLD $0.12
Last payment
JNUG $0.76
QLD $0.03
Ex-dividend
JNUG Sep 22, 2026
QLD Sep 23, 2026
Paid on
JNUG Sep 29, 2026
QLD Sep 29, 2026
Frequency
JNUG Quarterly
QLD Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

JNUGQuarterly · 21 paymentsAll JNUG payments⁠
One bar per payment. 21 payments from 2017 to 2026 YTD. Mar 21, 2017 $4.51; Dec 27, 2018 $0.27; Mar 19, 2019 $2.22; Mar 24, 2020 $0.12; Mar 23, 2021 $0.34; Mar 21, 2023 $0.17; Jun 21, 2023 $0.13; Sep 19, 2023 $0.13; Dec 21, 2023 $0.12; Mar 19, 2024 $0.35; Jun 25, 2024 $0.20; Sep 24, 2024 $0.15; Dec 23, 2024 $0.03; Mar 25, 2025 $0.82; Jun 24, 2025 $0.16; Sep 23, 2025 $0.15; Dec 23, 2025 $0.07; Dec 31, 2025 $0.93; Mar 24, 2026 $1.20; Jun 23, 2026 $0.56; Sep 22, 2026 $0.76. Use the arrow keys to read each point.$0$52017202020232026YTD
QLDQuarterly · 21 paymentsAll QLD payments⁠
One bar per payment. 21 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.0012; Jun 21, 2017 $0.00044; Dec 26, 2018 $0.005; Mar 20, 2019 $0.0078; Jun 25, 2019 $0.0052; Dec 24, 2019 $0.0062; Mar 25, 2020 $0.0011; Dec 22, 2022 $0.05; Sep 20, 2023 $0.09; Dec 20, 2023 $0.04; Mar 20, 2024 $0.03; Jun 26, 2024 $0.05; Sep 25, 2024 $0.03; Dec 23, 2024 $0.03; Mar 26, 2025 $0.01; Jun 25, 2025 $0.06; Sep 24, 2025 $0.02; Dec 24, 2025 $0.02; Mar 25, 2026 $0.01; Jun 24, 2026 $0.06; Sep 23, 2026 $0.03. Use the arrow keys to read each point.$0$52017202020232026YTD

JNUG vs QLD Risk

Fall from peak · 5 years

  • JNUG
  • QLD
Oct 29, 2021 to Oct 30, 2026. Worst fall: JNUG −76.7% · Sep 2022. Use the arrow keys to read each point.−80%−60%−40%−20%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
JNUG 94.5%QLD 36.7%, better
Return per unit of riskSharpe ratio, 3 years
JNUG 0.88QLD 1.04, better
Worst fallMax drawdown, 5 years
JNUG −76.7%QLD −63.7%, better
Market sensitivityBeta, 5 years
JNUG 0.86QLD 2.46

JNUG and QLD in the news

All news⁠

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