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Direxion Daily Junior Gold Miners Index Bull 2X Shares (JNUG)



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Upturn Advisory Summary
10/10/2025: JNUG (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type ETF | Historic Profit 66.78% | Avg. Invested days 36 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | ETF Returns Performance ![]() |
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Key Highlights
Volume (30-day avg) - | Beta 1.47 | 52 Weeks Range 32.48 - 90.39 | Updated Date 06/29/2025 |
52 Weeks Range 32.48 - 90.39 | Updated Date 06/29/2025 |
Upturn AI SWOT
Direxion Daily Junior Gold Miners Index Bull 2X Shares
ETF Overview
Overview
The Direxion Daily Junior Gold Miners Index Bull 2X Shares (JNUG) seeks daily investment results, before fees and expenses, of 200% of the daily performance of the MVIS Global Junior Gold Miners Index. It focuses on providing leveraged exposure to junior gold mining companies.
Reputation and Reliability
Direxion is known for offering leveraged and inverse ETFs, generally considered reliable but high-risk due to the nature of leveraged products.
Management Expertise
Direxion has a specialized team experienced in managing leveraged ETFs, requiring expertise in derivatives and short-term market movements.
Investment Objective
Goal
To seek daily investment results, before fees and expenses, of 200% of the daily performance of the MVIS Global Junior Gold Miners Index.
Investment Approach and Strategy
Strategy: The ETF uses a leveraged strategy to amplify the daily returns of the underlying index.
Composition Primarily holds financial instruments that provide exposure to the MVIS Global Junior Gold Miners Index, including derivatives.
Market Position
Market Share: JNUG holds a notable share within the leveraged junior gold miners ETF segment, but the overall market share of leveraged ETFs is smaller compared to traditional ETFs.
Total Net Assets (AUM): 546178880
Competitors
Key Competitors
- NUGT
- GDXJ
- GDX
Competitive Landscape
The competitive landscape is concentrated with a few key players. JNUG's advantage lies in its leveraged exposure, but this also makes it riskier than non-leveraged competitors like GDXJ. A disadvantage is its daily reset which can erode long-term returns.
Financial Performance
Historical Performance: Historical performance is highly volatile, reflecting the leveraged exposure and the fluctuations in junior gold miners' stock prices.
Benchmark Comparison: The ETF aims for 2x the daily return of its benchmark but can deviate due to fees, expenses, and the effects of compounding.
Expense Ratio: 0.94
Liquidity
Average Trading Volume
JNUG exhibits high liquidity due to its significant trading volume.
Bid-Ask Spread
The bid-ask spread can be moderate, but it can widen during periods of high volatility.
Market Dynamics
Market Environment Factors
Performance is affected by gold prices, macroeconomic conditions, investor sentiment towards gold mining, and interest rates.
Growth Trajectory
Growth depends on sustained interest in gold and junior gold miners, as well as the ability to accurately track its daily leverage target.
Moat and Competitive Advantages
Competitive Edge
JNUG's primary advantage is its 2x leverage, appealing to traders seeking amplified short-term gains. This focused strategy differentiates it from broader gold ETFs. However, this leverage is a double-edged sword, increasing both potential gains and losses. The ETF is not intended for long-term holding due to the effects of compounding and daily resets.
Risk Analysis
Volatility
JNUG exhibits very high volatility due to its leveraged nature and the inherent volatility of junior gold miners.
Market Risk
Significant market risk is present due to fluctuations in gold prices, economic conditions, and the specific risks associated with junior gold mining companies.
Investor Profile
Ideal Investor Profile
JNUG is suitable for experienced, risk-tolerant traders seeking short-term, tactical exposure to junior gold miners. It is not suitable for buy-and-hold investors.
Market Risk
Best suited for active traders with a high-risk tolerance and a short-term investment horizon.
Summary
Direxion Daily Junior Gold Miners Index Bull 2X Shares (JNUG) is a leveraged ETF designed for short-term trading of junior gold mining stocks. It aims to provide twice the daily performance of the MVIS Global Junior Gold Miners Index. Due to its leverage, JNUG is highly volatile and unsuitable for long-term investment. It's ideal for experienced traders seeking to capitalize on short-term price movements in the junior gold mining sector, but the high risk profile must be carefully considered.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Direxion
- ETF.com
- Yahoo Finance
Disclaimers:
The data provided is for informational purposes only and should not be considered investment advice. Leveraged ETFs are complex financial 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 Junior Gold Miners Index Bull 2X Shares
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website |
The index tracks the performance of domestic and foreign, including developing and emerging, small- and mid-capitalization companies that are involved in the gold and silver mining industry. The fund invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index, and exchange-traded funds (ETFs) that track the index, that, in combination, provide 2X daily leveraged exposure to the index, consistent with the fund's investment objective. It is non-diversified.

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