# GDX Leveraged ETFs: 2x & Inverse, Compared

> 2 leveraged and inverse ETFs on GDX: multiple, issuer, fee and net assets. Each against its stated multiple, as of Oct 27, 2026.

Data as of Oct 27, 2026. Rebuilt every trading night.

Data as of Oct 27, 2026 .

## GDX leveraged and inverse ETFs

As of Oct 27, 2026, 2 ETFs aim to return −2x to 2x the daily move in gold miners (GDX). Over three months they finished from −7.4 to −7.0 percentage points against what their stated multiples implied.

### Browse leveraged ETFs

### All 2 leveraged and inverse ETFs on GDX

| Ticker | Fund | Issuer | 1M vs multiple | 3M vs multiple | 1Y vs multiple | Net assets | Net assets as of | Fee | Total return 1M | Total return 3M | Total return YTD | Total return 1Y | Total return 3Y | Total return since launch | Multiple |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NUGT | Direxion Daily Gold Miners Index Bull 2X ETF | Direxion | −0.7 pts | −7.4 pts | −35.0 pts | $847m | Oct 26, 2026 | 1.13% | −21.5% | +16.8% | −28.8% | +4.6% | +333.4% | −99.8% | +2x |
| DUST | Direxion Daily Gold Miners Index Bear 2X ETF | Direxion | −0.2 pts | −7.0 pts | −23.7 pts | $88m | Oct 26, 2026 | 0.94% | +20.6% | −31.2% | −40.1% | −63.3% | −96.1% | −100.0% | -2x |

What GDX itself did over the same days: −10.4% over one month, +12.1% over three months, +19.8% over one year.

### Questions people ask

Which 2x GDX ETFs are there? As of Oct 27, 2026, 1 ETF sets out to return 2x the daily move in gold miners ( GDX ): NUGT. Which inverse GDX ETFs are there? As of Oct 27, 2026, 1 ETF sets out to return the opposite of the daily move in gold miners ( GDX ), at −2x: DUST. Which GDX leveraged ETF is largest? NUGT , Direxion Daily Gold Miners Index Bull 2X ETF, at $847m in net assets on Oct 26, 2026, the largest of the 2 on GDX with a published size.

### Where to next

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Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.
Cite: ETFIQ, GDX leveraged and inverse ETFs, data as of Oct 27, 2026. https://etfiq.com/leverage/gdx-leveraged-etfs
Licence: https://etfiq.com/license/ Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.
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