{"url":"https://etfiq.com/compare/leverage/dust-vs-gdxu","section":"compare","title":"DUST vs GDXU: which held to its multiple? | ETFIQ","description":"DUST sets out to return -2 times GDX each day and GDXU +3 times. Over the three months to Sep 30, 2026 they finished \u22123.4 pts and \u221225.5 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, DUST or GDXU?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, DUST finished 3.4 points from what its multiple implies and GDXU finished 25.5 points from its own, so DUST came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are DUST and GDXU levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on gold miners, DUST at -2 times and GDXU at +3 times the daily move."}},{"@type":"Question","name":"Which one decays faster, DUST or GDXU?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window DUST\u2019s moved at 48% annualized and GDXU\u2019s at 48%, so DUST has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold DUST or GDXU for a year?","acceptedAnswer":{"@type":"Answer","text":"Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"DUST vs GDXU","item":"https://etfiq.com/compare/leverage/dust-vs-gdxu"}]},{"@type":"WebPage","name":"DUST vs GDXU: which held to its multiple?","description":"DUST sets out to return -2 times GDX each day and GDXU +3 times. Over the three months to Sep 30, 2026 they finished \u22123.4 pts and \u221225.5 pts away.","url":"https://etfiq.com/compare/leverage/dust-vs-gdxu","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, DUST finished 1.7 points over and GDXU 9.9 points short.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of DUST and GDXU","description":"DUST sets out to return -2 times GDX each day and GDXU +3 times. Over the three months to Sep 30, 2026 they finished \u22123.4 pts and \u221225.5 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/dust-vs-gdxu","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":6958,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / DUST vs GDXU \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n DUST vs GDXU: which held to its multiple?\n\n Over three months against its own daily promise, DUST finished 1.7 points over and GDXU 9.9 points short.\n Copy this for sharing \n \n Direxion Daily Gold Miners Index Bear 2X ETF and MicroSectors Gold Miners 3X Leveraged ETN.\n\n Download as PDF \n\n \u221237.3% DUST returned, 3 months \n +25.4% GDXU returned, 3 months \n \u22123.4 pts DUST from its stated multiple \n \u221225.5 pts GDXU from its stated multiple \n\n ETFIQ Decay Resistance Score: DUST ","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/dust-vs-gdxu","a":{"ticker":"DUST","name":"Direxion Daily Gold Miners Index Bear 2X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: DUST returned \u221237.3% where its own daily promise gave \u221239.0%, 1.7 points over.","url":"https://etfiq.com/funds/dust","key_facts":[{"label":"What GDX did","value":"+17.0%","as_of":"2026-09-30","source":null},{"label":"What \u22122 times a day gives","value":"\u221239.0%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221237.3%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+1.7 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$104m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.94%","as_of":"2026-09-30","source":"485BPOS XBRL, Feb 26, 2026"}]},"b":{"ticker":"GDXU","name":"MicroSectors Gold Miners 3X Leveraged ETN","issuer":"MicroSectors","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: GDXU returned +25.4% where its own daily promise gave +35.3%, 9.9 points short.","url":"https://etfiq.com/funds/gdxu","key_facts":[{"label":"What GDX did","value":"+17.0%","as_of":"2026-09-30","source":null},{"label":"What 3 times a day gives","value":"+35.3%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+25.4%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22129.9 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"an exchange traded note holds no assets; it is the issuing bank\u2019s unsecured debt","as_of":"2026-09-30","source":null},{"label":"Expense ratio","value":"not read by ETFIQ","as_of":"2026-09-30","source":null}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/dust-vs-gdxu"}