JNUGDirexion Daily Junior Gold Miners Index Bull 2X Shares
Seeks daily investment results of 200% of the performance of the Junior Gold Miners Index.
By Direxion Funds · Launched 2013
1.03%
#5,036 of 5,562 · expensive
$485M
#1,588 of 5,562 · large
+74.5%
12 years
#1,119 of 5,562 · established
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 1 holdings = 36.1% of fund✓ well diversified
Asset allocation
By sector
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Where to buy
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks daily investment results of 200% of the performance of the Junior Gold Miners Index.
- Strategy
- Invests primarily in financial instruments providing 2x daily leveraged exposure to small- and mid-cap gold and silver mining companies. The Fund rebalances daily to maintain its target exposure, using derivatives like swaps and futures.
- Inception date
- October 3, 2013
- Fund family
- Direxion Funds
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Leveraged ETF — not a long-term hold
This fund uses leverage to amplify daily returns (e.g. 2x or 3x of an index). Daily rebalancing creates volatility decay — over weeks and months, the fund's return drifts from the stated multiple. In trending markets with low realised volatility, leveraged index ETFs can outperform their nominal multiple; in sideways or volatile markets they bleed. Designed for short-term tactical use, not buy-and-hold.
Source: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)
Why we flagged this: strategy=leveraged + leveraged_name_or_strategy
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-06-19