Direxion Daily Gold Miners Bear 2X Shares (DUST)

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Direxion Daily Gold Miners Bear 2X Shares (DUST) is down 31.4% since the beginning of the year. DUST is currently trading at $50 per share. Investors who bought $1,000 worth of DUST shares 5 years ago would now be looking at an investment worth $37.

Direxion Daily Gold Miners Bear 2X Shares (DUST) has returned -31.39% so far this year and -77.70% over the past 12 months. Over the last ten years, DUST has returned -53.95% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.

Based on dividend-adjusted daily data since Dec 8, 2010, DUST's average daily return is -0.08%, while the average monthly return is -2.06%.

Historically, 42% of months were positive and 58% were negative. The best month was Jul 2015 with a return of +87.3%, while the worst month was Feb 2016 at -69.1%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 6 months.

On a daily basis, DUST closed higher 50% of trading days. The best single day was Mar 13, 2020 with a return of +45.3%, while the worst single day was Mar 24, 2020 at -46.8%.

Direxion Daily Gold Miners Bear 2X Shares has an annualized alpha of -5.55%, beta of -1.03, and R2 of 0.03 versus S&P 500 Index. Calculated based on daily prices since December 09, 2010.

• This ETF participated in 103.08% of S&P 500 Index downside but only -119.37% of its upside - more exposed to losses than it benefited from rallies.
• Beta of -1.03 may look defensive, but with R2 of 0.03 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.03 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

DUST has a high expense ratio of 1.07%, indicating above-average management fees.

DUST ranks 2 for risk / return — in the bottom 2% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for Direxion Daily Gold Miners Bear 2X Shares (DUST) and compare them to S&P 500 Index.

Direxion Daily Gold Miners Bear 2X Shares provided a 9.50% dividend yield over the last twelve months, with an annual payout of $4.79 per share.

The table displays the monthly dividend distributions for Direxion Daily Gold Miners Bear 2X Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Direxion Daily Gold Miners Bear 2X Shares. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Direxion Daily Gold Miners Bear 2X Shares was 100.00%, occurring on Feb 27, 2026. The portfolio has not yet recovered.

The current Direxion Daily Gold Miners Bear 2X Shares drawdown is 100.00%.

The chart below shows the rolling one-month volatility.