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ETFs

Direxion Daily Junior Gold Miners Index Bull 2X Shares

JNUG
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 3, 2013
Expense Ratio
0.85%
Type
Global Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$49,844,309
AUM
$301,777,410
Associated Index
Market Vectors Junior Gold Miners Index
Inverse/Leveraged
Leveraged (2x)
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
DREYFUS GOVT CASH MAN INS
19.04%
GDXJ
VanEck ETF Trust - VanEck Junior Gold Miners ETF
18.06%
n/a
GOLDMAN FINL SQ TRSRY INST 506
3.68%
Invest with JNUG

What is JNUG?

The Fund seeks daily investment results, before fees and expenses, of 200% of the performance of the Market Vectors Junior Gold Miners Index

ETFs related toJNUG

ETFs correlated to JNUG include GDXJ, GDX, GDXU

JNUG
Direxion Shares ETF Trust - Direxion Daily Junior Gold Miners Index Bull 2X Shares
GDXJ
VanEck ETF Trust - VanEck Junior Gold Miners ETF
GDX
VanEck ETF Trust - VanEck Gold Miners ETF
GDXU
Bank of Montreal - MicroSectors Gold Miners 3X Leveraged ETN
NUGT
Direxion Shares ETF Trust - Direxion Daily Gold Miners Index Bull 2X Shares
SIL
Global X Funds - Global X Silver Miners ETF
RING
BlackRock Institutional Trust Company N.A. - iShares MSCI Global Gold Miners ETF
SILJ
ETF Managers Group LLC - ETFMG Prime Junior Silver Miners ETF
GLTR
abrdn ETF - abrdn Physical Precious Metals Basket Shares ETF
UGL
ProShares Trust - ProShares Ultra Gold 2x Shares
GLD
SSgA Active Trust - SPDR Gold Shares ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toJNUG

#DGD

Diversify with Gold & the Dollar

Category

Building Blocks, Getting Defensive, Diversification

Risk Rating

Aggressive

#SPIRAL

Stoic Finance Presents: Inflation Spiral Hedge

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with JNUG using Composer

News Related to JNUG

Gold Fever Draws Eyes To Direxion's Junior Miners Bull And Bear Funds

Mar 17, 2025 • by JE Insights
Gold Fever Draws Eyes To Direxion's Junior Miners Bull And Bear Funds
Read

Market Turmoil Offers Fuel For Both Direxion's Bull And Bear Junior Gold Miner Funds

Feb 12, 2025 • by JE Insights
Market Turmoil Offers Fuel For Both Direxion's Bull And Bear Junior Gold Miner Funds
Read

Unusual Options Activity Shines Spotlight On Direxion's Leveraged JNUG, JDST ETFs

Oct 21, 2024 • by Benzinga Newsdesk
Unusual Options Activity Shines Spotlight On Direxion's Leveraged JNUG, JDST ETFs
Read

Direxion Junior Gold Miners Bull And Bear ETFs Allow Two-Way Plays For The Precious Metal

Jun 14, 2024 • by Benzinga Newsdesk
Direxion Junior Gold Miners Bull And Bear ETFs Allow Two-Way Plays For The Precious Metal
Read

FAQ

JNUG is a Global Equities ETF. The Fund seeks daily investment results, before fees and expenses, of 200% of the performance of the Market Vectors Junior Gold Miners Index

JNUG tracks the Market Vectors Junior Gold Miners Index.

No, JNUG is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, JNUG is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on JNUG is -0.0878%. This is the percent change in the value of JNUG over the most recent 1-month period. The 3-month return on JNUG is -0.1375%. This is the percent change in the value of JNUG over the most recent 3-month period.

The standard deviation of JNUG for the past year is 0.7684%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to JNUG include SSO, QID, and SDS.

ETFs correlated to JNUG include GDXJ, GDX, and GDXU.

ETFs that are inversely correlated to JNUG include JDST, GDXD, and DUST.

Yes, JNUG is a Leveraged (2x) ETF: This means that JNUG will try to match the performance of Market Vectors Junior Gold Miners Index, but with 2x the returns.

Yes, JNUG is a Leveraged (2x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of Market Vectors Junior Gold Miners Index, but move 2x in the opposite direction.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.