NUGT Stock: Direxion Daily Gold Miners Bull 2X ETF Profile & Analysis (2026)
A high-octane trading tool providing 200% daily leveraged exposure to the MarketVector Global Gold Miners Index — Updated May 2026 with current AUM, expense ratio, holdings, and performance data.
The Direxion Daily Gold Miners Index Bull 2X ETF (NUGT) is a sophisticated, high-leverage trading instrument designed for short-term tactical plays. Unlike a standard GDX Stock Profile investment, NUGT seeks to provide 200% of the daily performance of the MarketVector Global Gold Miners Index. This fund is strictly not for long-term holding; it is a specialized tool for capitalizing on intraday or very short-term bullish trends in the gold mining sector.
For those looking for direct exposure to the metal itself without the operational risks of miners, the GLD Stock Profile is a more standard alternative. However, for traders aiming to amplify their exposure to the List Of Publicly Traded Precious Metal Mining Companies, NUGT provides significant capital efficiency. Investors must be wary of “volatility decay,” where the daily reset mechanism can lead to losses even if the underlying index remains flat over time.
Key Takeaways — NUGT Stock
NUGT targets twice the daily return of its benchmark index. This leverage applies only to single-day periods due to daily compounding.
Due to volatility decay and the daily reset of leverage, holding NUGT for months or years often leads to significant value erosion.
The fund provides exposure to mining companies, not physical gold. These companies are sensitive to operating costs and corporate risks.
With a 1.23% expense ratio and the costs associated with daily rebalancing, NUGT is an expensive fund to maintain for anything beyond a trade.
NUGT — Live Price Chart
Real-time chart from TradingView.
NUGT ETF Vitals & Key Statistics
Core data as of May 2026.
| Data Point | Value | Data Point | Value |
|---|---|---|---|
| Full Name | Direxion Daily Gold Miners Index Bull 2X ETF | Ticker | NUGT |
| Issuer | Direxion | Asset Class | Equity Trading/Leveraged Equity |
| Index Tracked | MarketVector Global Gold Miners Index | Structure | Open-End Fund |
| Expense Ratio | 1.23% | AUM | $1.04B |
| Inception Date | December 8, 2010 | Exchange | AMEX |
| No. of Holdings | 17 | Dividend Yield | 0.16% |
| 52-Week High | $320.79 | 52-Week Low | $47.11 |
| Avg Daily Volume | 905,000 | YTD Return | 14.71% |
| 1-Year Return | 155.93% | 5-Year Return | 32.54% |
| Category | Trading—Leveraged Equity | Dividend Frequency | Quarterly |
NUGT Top 10 Holdings (May 2026)
Largest positions by weight. Click columns to sort.
| Rank | Ticker | Company Name | Sector | Weight % |
|---|---|---|---|---|
| 1 | GDX | VanEck Gold Miners ETF | Equity | 52.22% |
| 2 | CASH | Dreyfus Govt Cash Management Inst | Cash | 31.03% |
| 3 | CASH | Goldman Financial Square Treasury Inst | Cash | 6.64% |
| 4 | CASH | Dreyfus Treasury Securities Cash Mgmt | Cash | 5.73% |
| 5 | CASH | U.S. Dollar | Cash | 3.55% |
| 6 | JNUG | Direxion Daily Junior Gold Miners 2x | ETF | 1.17% |
| 7 | GDXU | MicroSectors Gold Miners 3X ETN | ETN | 0.95% |
| 8 | N/A | Net Other Assets | Other | 0.30% |
| 9 | N/A | N/A | N/A | 0.00% |
| 10 | N/A | N/A | N/A | 0.00% |
NUGT — Pros & Cons
✓ Amplified Upside
Provides a powerful way to double the returns of a bullish day in the gold mining sector.
✗ Volatility Decay
Compounding over time can destroy value even if the index eventually returns to its starting price.
✓ High Liquidity
High daily volume ensures that traders can enter and exit positions quickly during market hours.
✗ High Expenses
A 1.23% expense ratio is significantly higher than non-leveraged commodity mining funds.
✓ Capital Efficiency
Allows traders to gain larger exposure to miners using a smaller amount of upfront capital.
✗ Daily Reset Risk
The leverage goal resets every day, meaning long-term performance will not track 2x of the index return.
Who Should Consider NUGT?
Aggressive day traders and sophisticated swing traders who monitor their positions minute-by-minute.
Long-term “buy and hold” investors, retirement portfolios, or those seeking stable dividend income.
You have a high-conviction view that gold miners will trend sharply higher over the next 24 to 48 hours.
Active trading accounts. Not recommended for core holdings in a 401(k) or traditional IRA.
NUGT vs Similar ETFs
Key metrics comparison.
| ETF | Full Name | Expense Ratio | AUM | Holdings | Div Yield | YTD | Best For |
|---|---|---|---|---|---|---|---|
| NUGT ★ | Direxion Daily Gold Miners Bull 2X ETF | 1.23% | $1.04B | 17 | 0.16% | 14.71% | Aggressive Traders |
| JNUG | Direxion Daily Junior Gold Miners Bull 2x | 1.12% | $500M+ | 15 | 0.12% | 18.20% | Junior Miner Vol |
| DUST | Direxion Daily Gold Miners Bear 2X | 1.13% | $150M+ | 18 | 0.00% | -22.10% | Shorting Miners |
| GDXU | MicroSectors Gold Miners 3X Leveraged | 0.95% | $300M+ | 10 | 0.00% | 25.40% | Maximum Leverage |
NUGT Technical Analysis
Real-time buy/sell signals.
NUGT — Risks & Considerations
Compounding & Reset Risk
Daily reset means that over periods longer than one day, returns will likely differ significantly from 2x the index return.
Leverage Risk
A 10% drop in the underlying miners index in a single day would result in a roughly 20% loss for NUGT holders.
Volatility Decay
In a sideways or “choppy” market, NUGT will lose value even if the index price does not change between start and end dates.
Sector Concentration
Because it tracks a specific List Of Publicly Traded Precious Metal Mining Companies, it is highly sensitive to regulatory and regional mining risks.