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Beacon

NUGTDirexion Daily Gold Miners Index Bull 2X Shares

Take a bet15y track recordRanked #68 of 949 in this goal

Seeks daily investment results of 200% of the daily performance of the Index.

By Direxion Funds · Launched 2010

Annual Cost

1.13%

#5,440 of 5,861 · expensive

Fund Size

$856M

#1,224 of 5,861 · large

Return (1Y)Goal

+52.9%

Track Record

15 years

#831 of 5,861 · established

Performance

Total-return NAV · USD
Growth of $10,000
$8,702-13.0%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Equity

Region

Global

Strategy

Leveraged

Sector

Materials

Focus

Gold

Index tracked

NYSE Arca Gold Miners Index

What it actually holds

By weight

Concentration

synthetic exposure — holdings shown are derivatives collateral, not the fund's positions

VanEck ETF Trust
52.9%
DREYFUS GOVERNMENT CASH MANAGE
31.4%
GOLDMAN FINANCIAL
9.5%
DREYFUS
6.7%
N/A
0.6%
N/A
0.4%
N/A
-0.2%
N/A
-0.3%
N/A
-0.5%
N/A
-1.2%

Asset allocation

Cash
55.3%
Stocks
44.8%

By sector

Basic Materials
100.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
96.0%High

Year-on-year price swings

Max drawdown
-98.9%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.82Decent risk-adjusted returns
Sortino (3Y)
1.16Good downside protection

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks daily investment results of 200% of the daily performance of the Index.
Strategy
Invests primarily in companies involved in gold and silver mining, targeting 200% of the daily performance of the Index. Utilizes swap agreements and futures to achieve leveraged exposure, with a focus on maintaining high portfolio turnover and daily rebalancing.
Inception date
December 8, 2010
Fund family
Direxion Funds

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Leveraged
Warning

Your return drifts the longer you hold

Leverage amplifies the index's daily move, by 2x or 3x. The fund resets every day, so over weeks and months your real return drifts from that multiple. It can run ahead in a smooth climb and bleed in a choppy one. Hold one for months and you own a different bet than the label suggests.

Sources: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)

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 2026-08-04