{"url":"https://etfiq.com/compare/leverage/gdxd-vs-nugt","section":"compare","title":"GDXD vs NUGT: which held to its multiple? | ETFIQ","description":"GDXD sets out to return -3 times GDX each day and NUGT +2 times. Over the three months to Sep 30, 2026 they finished \u22125.9 pts and \u22126.3 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, GDXD or NUGT?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, GDXD finished 5.9 points from what its multiple implies and NUGT finished 6.3 points from its own, so GDXD came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are GDXD and NUGT levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on gold miners, GDXD at -3 times and NUGT at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, GDXD or NUGT?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window GDXD\u2019s moved at 48% annualized and NUGT\u2019s at 48%, so GDXD has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold GDXD or NUGT 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":"GDXD vs NUGT","item":"https://etfiq.com/compare/leverage/gdxd-vs-nugt"}]},{"@type":"WebPage","name":"GDXD vs NUGT: which held to its multiple?","description":"GDXD sets out to return -3 times GDX each day and NUGT +2 times. Over the three months to Sep 30, 2026 they finished \u22125.9 pts and \u22126.3 pts away.","url":"https://etfiq.com/compare/leverage/gdxd-vs-nugt","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, GDXD finished 0.1 points over and NUGT 1.7 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 GDXD and NUGT","description":"GDXD sets out to return -3 times GDX each day and NUGT +2 times. Over the three months to Sep 30, 2026 they finished \u22125.9 pts and \u22126.3 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/gdxd-vs-nugt","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":6972,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / GDXD vs NUGT \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n GDXD vs NUGT: which held to its multiple?\n\n Over three months against its own daily promise, GDXD finished 0.1 points over and NUGT 1.7 points short.\n Copy this for sharing \n \n MicroSectors Gold Miners -3X Inverse Leveraged ETNs and Direxion Daily Gold Miners Index Bull 2X ETF.\n\n Download as PDF \n\n \u221256.8% GDXD returned, 3 months \n +27.6% NUGT returned, 3 months \n \u22125.9 pts GDXD from its stated multiple \n \u22126.3 pts NUGT from its stated multiple \n\n ETFIQ Decay Resistance Sco","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/gdxd-vs-nugt","a":{"ticker":"GDXD","name":"MicroSectors Gold Miners -3X Inverse Leveraged ETNs","issuer":"MicroSectors","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: GDXD returned \u221256.8% where its own daily promise gave \u221256.8%, 0.1 points over.","url":"https://etfiq.com/funds/gdxd","key_facts":[{"label":"What GDX did","value":"+17.0%","as_of":"2026-09-30","source":null},{"label":"What \u22123 times a day gives","value":"\u221256.8%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221256.8%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+0.1 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}]},"b":{"ticker":"NUGT","name":"Direxion Daily Gold Miners Index Bull 2X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: NUGT returned +27.6% where its own daily promise gave +29.3%, 1.7 points short.","url":"https://etfiq.com/funds/nugt","key_facts":[{"label":"What GDX did","value":"+17.0%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"+29.3%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+27.6%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22121.7 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$1.0bn","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.13%","as_of":"2026-09-30","source":"485BPOS XBRL, Feb 26, 2026"}]},"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/gdxd-vs-nugt"}