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

Direxion · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: JNUG returned +32.8% where its own daily promise gave +34.8%, 2.0 points short.

## Key facts

- JNUG, what GDXJ did: +20.3%, as of Sep 11, 2026.
- JNUG, what +2 times a day gives: +34.8%, as of Sep 11, 2026.
- JNUG, what the fund returned: +32.8%, as of Sep 11, 2026.
- JNUG, the fund itself cost: −2.0 pts, as of Sep 11, 2026.
- JNUG, net assets: $475m (source, as filed for Apr 30, 2026).
- JNUG, expense ratio: 1.03% (485BPOS XBRL, Feb 26, 2026).

## JNUG over each window to Sep 11, 2026

| Window | Fund | GDXJ | +2x the move | Difference | GDXJ moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +7.3% | +5.0% | +9.9% | −2.6 pts | 54% |
| 3 months | +32.8% | +20.3% | +40.6% | −7.8 pts | 54% |
| 6 months | −16.0% | +1.2% | +2.4% | −18.4 pts | 58% |
| 1 year | +37.4% | +42.4% | +84.8% | −47.4 pts | 56% |
| 3 years | +564.1% | +284.5% | not meaningful over this window | not meaningful over this window | 44% |
| Since launch | −99.5% | +274.2% | not meaningful over this window | not meaningful over this window | 46% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of GDXJ, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.62 times, against +2 stated | ETFIQ |
| Underlying | GDXJ | ETFIQ |
| Segment | asset class, metal | ETFIQ |
| Net assets | $475m | source, as filed for Apr 30, 2026 |
| Expense ratio | 1.03% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | Oct 3, 2013 | ETFIQ |
| Underlying volatility over the window | 54% annualized | ETFIQ |

## Questions

### Did JNUG return +2 times GDXJ?

Over the window to Sep 11, 2026, GDXJ moved +20.3% and JNUG returned +32.8%. 2 times that move is +40.6%, so the fund came out 7.8 points short of it.

### Why does JNUG not return +2 times over a year?

Because it resets daily. JNUG aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.


## Cite this page

ETFIQ, JNUG, data as of Sep 11, 2026. https://etfiq.com/funds/JNUG
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/JNUG  ·  JSON: https://etfiq.com/funds/JNUG.json