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ETFs

Direxion Daily Junior Gold Miners Index Bull 2X Shares

JNUG
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Oct 03 2013
Expense Ratio
1.06%
Type
Global Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$60,902,215
AUM
$334,468,353
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 MGMT
15.24%
GDXJ
VanEck ETF Trust - VanEck Junior Gold Miners ETF
15.04%
n/a
DREYFUS GOVT CASH MGMT
5.23%
n/a
DREYFUS GOVT CASH MGMT
0.52%
n/a
GOLDMAN FINL SQ TRSRY INS
0.41%
n/a
DREYFUS GOVT CASH MGMT
0.14%
n/a
GOLDMAN FINL SQ TRSRY INST 506
0.00%
n/a
GOLDMAN FINL SQ TRSRY INST 506
0.00%
n/a
GOLDMAN FINL SQ TRSRY INS
0.00%
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, GDXU, SIL

JNUG
Direxion Shares ETF Trust - Direxion Daily Junior Gold Miners Index Bull 2X Shares
GDXJ
VanEck ETF Trust - VanEck Junior Gold Miners ETF
GDXU
Bank of Montreal - MicroSectors Gold Miners 3X Leveraged ETN
SIL
Global X Funds - Global X Silver Miners ETF
GDX
VanEck ETF Trust - VanEck Gold Miners ETF
NUGT
Direxion Shares ETF Trust - Direxion Daily Gold Miners Index Bull 2X Shares
SLVP
BlackRock Institutional Trust Company N.A. - iShares MSCI Global Silver and Metals Miners ETF
SILJ
ETF Managers Group LLC - ETFMG Prime Junior Silver Miners ETF
SGDM
Sprott Funds Trust. - Sprott Gold Miners ETF
RING
BlackRock Institutional Trust Company N.A. - iShares MSCI Global Gold Miners ETF
FGLD
Franklin Templeton Holdings Trust - Franklin Responsibly Sourced Gold 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

#BORING

The Not Boring: Rising Rates with Vol Switch

Category

Community

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with JNUG using Composer

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 0.0542%. This is the percent change in the value of JNUG over the most recent 1-month period. The 3-month return on JNUG is 0.0035%. 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 0.898%. 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 SH, PSQ, and SPXL.

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

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

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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.