NUGTDirexion Daily Gold Miners Index Bull 2X Shares
Seeks daily investment results of 200% of the daily performance of the gold and silver mining industry index.
By Direxion Funds · Launched 2010
1.13%
#5,185 of 5,562 · expensive
$1.1B
#1,076 of 5,562 · large
+79.2%
15 years
#848 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 = 53.2% of fundmoderately concentrated
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 daily performance of the gold and silver mining industry index.
- Strategy
- Invests primarily in financial instruments, including swaps and futures, to achieve 2x daily leveraged exposure to the gold and silver mining index. The Fund rebalances daily to maintain its target exposure, which may lead to high portfolio turnover.
- Inception date
- December 8, 2010
- 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 2026-06-20