NUGYGraniteshares YieldBOOST Gold Miners ETF
Seeks weekly income by selling put options on the Direxion Daily Gold Miners Index Bull 2X Shares ETF, targeting 2x the premium of options on the NYSE Arca Gold Miners Index.
By Graniteshares · Launched 2025
1.07%
#5,126 of 5,562 · expensive
$11M
#4,723 of 5,562 · small
—
7 months
#4,980 of 5,562 · young
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 8 holdings = 18.7% of fund✓ well diversified
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsWorst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Where to buy
Listing
- Exchange
- NASDAQ Global Select Market
Full fund details
- Objective
- Seeks weekly income by selling put options on the Direxion Daily Gold Miners Index Bull 2X Shares ETF, targeting 2x the premium of options on the NYSE Arca Gold Miners Index.
- Strategy
- Actively sells put options (and put spreads for limited downside protection) on the Direxion Daily Gold Miners Index Bull 2X Shares — a leveraged ETF delivering 2x the daily performance of the NYSE Arca Gold Miners Index — to harvest twice the option premium of the underlying gold-mining index. Pays weekly distributions from collected premium; capped upside, exposed to 2x downside losses if the Underlying Leveraged ETF declines.
- Inception date
- November 17, 2025
- Fund family
- Graniteshares
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Covered call ETF — yield ≠ total return
The high distribution yield is not free income — it comes from selling upside via call options. Research finds these strategies systematically underperform their underlying index over full cycles, typically by 100–300 basis points per year depending on the option-overlay design. The monthly distributions make the shortfall hard to see in return summaries.
Source: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)
Why we flagged this: strategy=option_income + option_income_strategy
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
What's next?
You've reviewed NUGY. Save it to your watchlist to track it alongside the other funds you're weighing.
Data updated on 2026-06-19