- ISIN
- US25490K1337
- CUSIP
- 25490K133
- Issuer
- Direxion
- Inception Date
- Dec 8, 2010
- Region
- Developed Markets (Broad)
- Category
- Leveraged Equities
- Leveraged
- 3x
- Index Tracked
- NYSE Arca Gold Miners Index (-300%)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $66M
Highlights
- Avg. Volume (1M)
- 574K
- Avg. Volume Value (1M)
- $36.63M
Share Price Chart
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Performance
DUST Performance Chart
Direxion Daily Gold Miners Bear 2X Shares (DUST) is down 13.2% since the beginning of the year. DUST is currently trading at $63 per share. Investors who bought $1,000 worth of DUST shares 5 years ago would now be looking at an investment worth $41.
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Compare this symbol against anything
Returns By Period
Direxion Daily Gold Miners Bear 2X Shares (DUST) has returned -13.22% so far this year and -72.70% over the past 12 months. Over the last ten years, DUST has returned -48.81% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Direxion Daily Gold Miners Bear 2X Shares
- 1D
- 6.62%
- 1M
- 8.88%
- 6M
- 12.29%
- YTD
- -13.22%
- 1Y
- -72.70%
- 3Y*
- -60.67%
- 5Y*
- -47.24%
- 10Y*
- -48.81%
- ALL TIME*
- -48.48%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
DUST Monthly Returns History
Based on dividend-adjusted daily data since Dec 8, 2010, DUST's average daily return is -0.07%, while the average monthly return is -1.89%.
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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -22.72% | -38.43% | 45.77% | 3.98% | -7.49% | 30.36% | -0.22% | -13.22% | |||||
| 2025 | -24.75% | -4.62% | -26.16% | -17.55% | -9.31% | -7.36% | 0.36% | -33.80% | -32.72% | 5.31% | -27.98% | -9.39% | -88.72% |
| 2024 | 22.67% | 10.56% | -31.45% | -11.13% | -12.05% | 5.71% | -20.08% | -4.43% | -7.22% | -3.56% | 12.83% | 19.00% | -29.51% |
| 2023 | -20.83% | 34.60% | -30.03% | -7.61% | 16.78% | 5.07% | -9.50% | 14.78% | 18.58% | -8.88% | -21.50% | -2.82% | -27.63% |
| 2022 | 8.03% | -25.07% | -21.79% | 16.60% | 16.95% | 28.20% | 6.25% | 19.04% | -6.75% | -4.21% | -36.49% | -2.66% | -22.70% |
| 2021 | 4.92% | 18.92% | -10.07% | -12.49% | -25.54% | 31.68% | -6.68% | 11.91% | 20.94% | -14.83% | -1.80% | -6.42% | -4.82% |
Benchmark Metrics
Direxion Daily Gold Miners Bear 2X Shares has an annualized alpha of -3.07%, beta of -1.06, and R2 of 0.03 versus S&P 500 Index. Calculated based on daily prices since December 08, 2010.
- This ETF participated in 92.65% of S&P 500 Index downside but only -118.85% of its upside - more exposed to losses than it benefited from rallies.
- Beta of -1.06 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.
- Alpha
- -3.07%
- Beta
- -1.06
- R²
- 0.03
- Upside Capture
- -118.85%
- Downside Capture
- 92.65%
Expense Ratio
DUST has a high expense ratio of 1.07%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
DUST ranks 3 for risk / return — above 3% of ETFs peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DUST | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.18 | ||
| Sortino ratioReturn per unit of downside risk | -3.31 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.25 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | 2.00 | -2.87 |
| Martin ratioReturn relative to average drawdown | -1.09 | 8.49 | -9.58 |
Dividends
Dividend History
Direxion Daily Gold Miners Bear 2X Shares provided a 4.37% dividend yield over the last twelve months, with an annual payout of $2.77 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.77 | $9.31 | $34.32 | $45.59 | $0.00 | $0.00 | $71.70 | $350.85 | $209.83 |
Dividend yield | 4.37% | 12.51% | 4.99% | 4.47% | 0.00% | 0.00% | 3.60% | 2.50% | 0.37% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.77 | $0.00 | $0.00 | $0.32 | $0.00 | $1.09 | |||||
| 2025 | $0.00 | $0.00 | $5.28 | $0.00 | $0.00 | $2.34 | $0.00 | $0.00 | $1.03 | $0.00 | $0.00 | $0.65 | $9.31 |
| 2024 | $0.00 | $0.00 | $15.18 | $0.00 | $0.00 | $9.56 | $0.00 | $0.00 | $5.86 | $0.00 | $0.00 | $3.72 | $34.32 |
| 2023 | $0.00 | $0.00 | $15.71 | $0.00 | $0.00 | $9.82 | $0.00 | $0.00 | $13.67 | $0.00 | $0.00 | $6.38 | $45.59 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
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%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-100.00%Feb 2026 | 12y 8mo | — | 13y 1moJun 2013 - now | — |
-70.64%Sep 2012 | 4mo 8d | 6mo 23d | 11mo 1dMay 2012 - Apr 2013 | — |
-46.69%Sep 2011 | 7mo 15d | 7mo | 1y 2moJan 2011 - Apr 2012 | — |
-39.18%Jun 2013 | 17d | 14d | 1mo 1dMay 2013 - Jun 2013 | — |
-32.31%May 2013 | 20d | 9d | 29dApr 2013 - May 2013 | — |
Drawdown Indicators
| DUST | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -56.78% | -43.22% |
Max Drawdown (1Y)Largest decline over 1 year | -85.03% | -9.10% | -75.93% |
Max Drawdown (3Y)Largest decline over 3 years | -97.55% | -18.90% | -78.65% |
Max Drawdown (5Y)Largest decline over 5 years | -98.68% | -25.43% | -73.25% |
Max Drawdown (10Y)Largest decline over 10 years | -99.98% | -33.92% | -66.06% |
Current DrawdownCurrent decline from peak | -100.00% | -1.58% | -98.42% |
Average DrawdownAverage peak-to-trough decline | -83.50% | -10.70% | -72.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 68.24% | 2.14% | +66.10% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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