{
 "ticker": "JNUG",
 "name": "Direxion Daily Junior Gold Miners Index Bull 2X ETF",
 "issuer": "Direxion",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/jnug",
 "html": "https://etfiq.com/funds/jnug",
 "markdown": "https://etfiq.com/funds/jnug.md",
 "as_of": "2026-09-30",
 "verdict": "Three months to Sep 30, 2026: JNUG returned +24.0% where its own daily promise gave +25.9%, 1.9 points short.",
 "key_facts": [
  {
   "key": "what_gdxj_did",
   "label": "What GDXJ did",
   "value": "+16.2%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "JNUG, what GDXJ did: +16.2%, as of Sep 30, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What 2 times a day gives",
   "value": "+25.9%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "JNUG, what 2 times a day gives: +25.9%, as of Sep 30, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "+24.0%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "JNUG, what the fund returned: +24.0%, as of Sep 30, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22121.9 pts",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "JNUG, the fund itself cost: \u22121.9 pts, as of Sep 30, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$408m",
   "source": "issuer page, as of Sep 30, 2026",
   "as_of": "2026-09-30",
   "sentence": "JNUG, net assets: $408m (issuer page, as of Sep 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.03%",
   "source": "485BPOS XBRL, Feb 26, 2026",
   "as_of": "2026-09-30",
   "sentence": "JNUG, expense ratio: 1.03% (485BPOS XBRL, Feb 26, 2026)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of GDXJ, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+1.48 times, against +2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "GDXJ",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "asset class, metal",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$408m",
   "source": "issuer page, as of Sep 30, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.03%",
   "source": "485BPOS XBRL, Feb 26, 2026"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Oct 3, 2013",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "54% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u221222.9%",
   "GDXJ": "\u221210.9%",
   "+2x the move": "\u221221.9%",
   "Difference": "\u22121.0 pts",
   "GDXJ moved about": "49%"
  },
  {
   "window": "3 months",
   "Fund": "+24.0%",
   "GDXJ": "+16.2%",
   "+2x the move": "+32.4%",
   "Difference": "\u22128.4 pts",
   "GDXJ moved about": "54%"
  },
  {
   "window": "6 months",
   "Fund": "\u221230.6%",
   "GDXJ": "\u22129.0%",
   "+2x the move": "\u221218.0%",
   "Difference": "\u221212.6 pts",
   "GDXJ moved about": "54%"
  },
  {
   "window": "1 year",
   "Fund": "\u22127.0%",
   "GDXJ": "+17.6%",
   "+2x the move": "+35.2%",
   "Difference": "\u221242.2 pts",
   "GDXJ moved about": "57%"
  },
  {
   "window": "3 years",
   "Fund": "+518.7%",
   "GDXJ": "+273.3%",
   "+2x the move": "not meaningful over this window",
   "Difference": "not meaningful over this window",
   "GDXJ moved about": "45%"
  },
  {
   "window": "Since launch",
   "Fund": "\u221299.6%",
   "GDXJ": "+240.0%",
   "+2x the move": "not meaningful over this window",
   "Difference": "not meaningful over this window",
   "GDXJ moved about": "47%"
  }
 ],
 "questions": [
  {
   "q": "Did JNUG return +2 times GDXJ?",
   "a": "Over the window to Sep 30, 2026, GDXJ moved +16.2% and JNUG returned +24.0%. 2 times that move is +32.4%, so the fund came out 8.4 points short of it."
  },
  {
   "q": "Why does JNUG not return +2 times over a year?",
   "a": "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."
  }
 ],
 "generated": "2026-10-01",
 "license": "https://etfiq.com/license/",
 "license_text": "Free to use with attribution. ETFIQ (etfiq.com)."
}