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Direxion Daily Gold Miners Index Bear 2X Shares (DUST)
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Upturn Advisory Summary
11/28/2025: DUST (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit -48.96% | Avg. Invested days 27 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  1.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/28/2025 |
Key Highlights
Volume (30-day avg) - | Beta -1.1 | 52 Weeks Range 22.42 - 74.94 | Updated Date 06/29/2025 |
52 Weeks Range 22.42 - 74.94 | Updated Date 06/29/2025 |
Upturn AI SWOT
Direxion Daily Gold Miners Index Bear 2X Shares
ETF Overview
Overview
The Direxion Daily Gold Miners Index Bear 2X Shares (DUST) seeks daily investment results, before fees and expenses, of 200% of the inverse (or opposite) of the performance of the NYSE Arca Gold Miners Index. It targets the gold mining sector and uses a leveraged strategy to amplify returns (and losses). Its asset allocation primarily consists of financial derivative instruments to achieve its 2x inverse exposure.
Reputation and Reliability
Direxion is a well-known issuer of leveraged and inverse ETFs, with a track record of providing specialized investment products.
Management Expertise
Direxion has a dedicated team managing leveraged and inverse ETFs, requiring expertise in derivative instruments and short-term market dynamics.
Investment Objective
Goal
To seek daily investment results, before fees and expenses, of 200% of the inverse (or opposite) of the performance of the NYSE Arca Gold Miners Index.
Investment Approach and Strategy
Strategy: The ETF aims to provide two times the inverse of the daily performance of the NYSE Arca Gold Miners Index using swaps, futures contracts and other derivative instruments.
Composition Primarily financial derivative instruments such as swap agreements and futures contracts, with a small percentage in cash and cash equivalents.
Market Position
Market Share: 0.03
Total Net Assets (AUM): 87.78
Competitors
Key Competitors
- NUGT
- GDX
- GDXJ
Competitive Landscape
The competitive landscape is dominated by non-leveraged gold miner ETFs like GDX and GDXJ and the leveraged bull version NUGT. DUST offers a leveraged inverse exposure, making it unique. However, due to the effect of compounding, holding DUST for long periods may not align with the intended 2x inverse daily returns due to decay.
Financial Performance
Historical Performance: Historical performance data is subject to significant fluctuations due to the leveraged nature of the ETF. Data needed.
Benchmark Comparison: The ETF's performance is compared to the inverse of the NYSE Arca Gold Miners Index, but the leveraged nature and daily reset means it doesn't track it perfectly over longer periods.
Expense Ratio: 0.95
Liquidity
Average Trading Volume
The average trading volume is moderate, impacting the ease of entering and exiting positions.
Bid-Ask Spread
The bid-ask spread may fluctuate depending on market conditions, potentially increasing trading costs.
Market Dynamics
Market Environment Factors
DUST's performance is heavily influenced by factors affecting the gold mining industry, including gold prices, geopolitical events, and mining company performance.
Growth Trajectory
Growth trends depend on investor appetite for inverse and leveraged exposure to the gold mining sector, which is highly volatile.
Moat and Competitive Advantages
Competitive Edge
DUST's main advantage is providing a readily accessible leveraged inverse exposure to the gold miners sector. It offers a tool for investors seeking to profit from short-term declines in gold mining stocks. This differentiates it from standard gold ETFs. However, its leveraged nature requires sophisticated understanding and active management due to the effects of compounding and decay.
Risk Analysis
Volatility
DUST is highly volatile due to its leveraged nature and exposure to the inherently volatile gold mining sector.
Market Risk
Market risk is significant, as DUST is subject to fluctuations in gold prices, mining company performance, and overall market sentiment.
Investor Profile
Ideal Investor Profile
DUST is suitable for sophisticated investors with a high-risk tolerance who understand the complexities of leveraged and inverse ETFs. It's suited to short-term trading strategies rather than long-term investment.
Market Risk
Best suited for active traders with a short-term outlook on the gold mining sector.
Summary
DUST is a leveraged inverse ETF designed for short-term trading of the gold mining sector. It seeks to provide 2x the inverse daily performance of the NYSE Arca Gold Miners Index. Due to its leveraged nature and daily reset, it is a high-risk investment. It is best suited for sophisticated investors who actively monitor and manage their positions and understand the risk of leveraged instruments.
Similar ETFs
Sources and Disclaimers
Data Sources:
- Direxion Investments Website
- SEC Filings
- Various Financial News Sources
Disclaimers:
The data provided is for informational purposes only and should not be considered investment advice. Leveraged and inverse ETFs are complex instruments and involve a high degree of risk.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Direxion Daily Gold Miners Index Bear 2X Shares
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The index is comprised of publicly traded common stocks, ADRs or GDRs of companies that operate globally in both developed and emerging markets, and are involved primarily in mining for gold. The fund invests at least 80% of its net assets in swap agreements, futures contracts, or short positions, that, in combination, provide 2X daily inverse or short exposure to the index or to ETFs that track the index, consistent with the fund"s investment objective. It is non-diversified.
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