(NUGT) Direxion Daily Gold Miners - Overview

ETF Category: Trading--Leveraged Equity | Exchange: NYSE ARCA (USA) | Market Cap: 954m USD | Total Return: 130.8% in 12m

Leveraged ETFs, Financial Derivatives, Gold Mining Stocks
Total Rating 71
Safety 55
Buy Signal -0.23
Trading--Leveraged Equity
Category Rotation: -5.2
TER: 1.18%
AUM: 954M
Avg Turnover: 74.8M
Risk 3d forecast
Volatility105%
VaR 5th Pctl19.0%
VaR vs Median0.71%
Reward TTM
Sharpe Ratio1.35
Rel. Str. IBD66.5
Rel. Str. Peer Group36.5
Character TTM
Beta1.196
Beta Downside1.033
Hurst Exponent0.509
Drawdowns 3y
Max DD53.58%
CAGR/Max DD1.17
CAGR/Mean DD3.73

Warnings

Choppy

Tailwinds

No distinct edge detected

Description: NUGT Direxion Daily Gold Miners

The Direxion Daily Gold Miners Index Bull 2X Shares (NUGT) is a leveraged exchange-traded fund designed to provide 200% of the daily performance of the NYSE Arca Gold Miners Index. The underlying index tracks publicly traded companies globally that are primarily engaged in gold and silver mining operations. To achieve its objective, the fund invests at least 80% of its net assets in financial instruments, such as swap agreements and futures contracts, that create daily leveraged exposure.

Gold mining companies typically face high capital expenditures and significant sensitivity to fluctuations in spot metal prices, which can lead to higher equity volatility compared to broader market indices. Because this fund utilizes leverage to amplify daily returns, it is subject to compounding effects and is generally intended for short-term tactical trading rather than long-term investment. Detailed performance metrics and risk profiles for this ETF are available on ValueRay for further analysis. The fund is classified as non-diversified, meaning it may hold larger positions in a smaller number of issuers within the mining sector.

Headlines to Watch Out For
  • Spot gold price volatility dictates underlying miner profitability and equity valuations
  • Federal Reserve interest rate policy shifts influence non-yielding asset investment demand
  • Rising energy and labor costs compress profit margins for gold extraction
  • Geopolitical instability increases safe-haven flows into mining sector equity baskets
  • Daily compounding effects and leverage decay impact long-term shareholder returns
What is the price of NUGT shares?

As of May 29, 2026, the stock is trading at USD 162.41 with a total of 544,222 shares traded.
Over the past week, the price has changed by +1.56%, over one month by -5.75%, over three months by -48.10% and over the past year by +130.78%.

Is NUGT a buy, sell or hold?

Direxion Daily Gold Miners has no consensus analysts rating.