Direxion Daily Gold Miners Index Bear 2X ETF

Frequently Asked Questions About DUST

What does DUST invest in?

These Direxion Daily Gold Miners Index ETFs aim to provide daily returns equivalent to either twice the performance of the MarketVector Global Gold Miners Index (for the Bull variant) or twice its inverse (for the Bear variant), prior to any costs or charges. However, there is no guarantee that these funds will successfully achieve their stated investment targets.

What is the expense ratio of DUST?

Direxion Daily Gold Miners Index Bear 2X ETF (DUST) charges an expense ratio of 1.04%. This is the annual fee deducted from fund assets to cover management and operations.

Is DUST a good long-term hold?

DUST is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does DUST's daily reset work?

DUST rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is DUST?

Direxion Daily Gold Miners Index Bear 2X ETF (DUST) manages $71.4M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is DUST actively managed or an index fund?

DUST's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.