Direxion Daily Gold Miners Index Bear 2X Shares

10-Year Study

DUST.US · · US · ETF

Executive Summary: Direxion Daily Gold Miners Index Bear 2X Shares has compounded at -45.5% annually over the last 10 years, with a maximum drawdown of 100.0% and an annualized volatility of 219.0%.

1Y CAGR
+78.5%
3Y CAGR
-25.3%
5Y CAGR
-19.4%
10Y CAGR
-45.5%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
100.0%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.24
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
2.11
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
430.1%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2026 · +497.8%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2025 · -88.7%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
10%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
2026-22.7-38.41340.1-12.8————————497.8%
2025-24.7-4.6-26.2-17.5-9.3-7.40.4-33.8-32.75.3-28.0-9.4-88.7%
202422.710.6-31.5-11.1-12.05.7-20.1-4.4-7.2-3.612.819.0-29.5%
2023-20.834.6-30.0-7.616.85.1-9.514.818.6-8.9-21.5-2.8-27.6%
20228.0-25.1-21.816.617.028.26.319.0-6.8-4.2-36.5-2.7-22.7%
20214.918.9-10.1-12.5-25.531.7-6.711.920.9-14.8-1.8-6.4-4.8%
20200.725.4-57.3-53.7-15.2-15.8-30.0-2.912.45.211.9-11.0-85.8%
2019-20.85.0-4.521.6-11.1-41.7-16.1-33.830.8-17.39.5-24.5-75.1%
2018-8.432.1-10.1-5.2-1.10.413.344.8-1.1-10.5-5.5-31.2-3.3%
2017-37.39.9-6.83.8-8.75.5-11.6-22.922.05.6-0.1-13.1-51.0%
2016———-59.128.8-53.9-33.562.0-20.213.542.8-11.3-70.0%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 219.0%. The dominant macroeconomic risk driver is SHV.US, accounting for 58.7% of variance. Idiosyncratic stock-specific factors contribute 7.8%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-014086.6873149258963
2016-05-015263.157894736842
2016-06-012424.1489281158006
2016-07-011613.003095806745
2016-08-012613.622298401401
2016-09-012084.829108507718
2016-10-012365.3250683010842
2016-11-013377.0897801141787
2016-12-012995.0464393926013
2017-01-011877.3993756829495
2017-02-012063.7777211713596
2017-03-011923.2198120174583
2017-04-011996.9040357194551
2017-05-011824.1485998694823
2017-06-011924.458211478213
2017-07-011700.928798736283
2017-08-011312.0742896233385
2017-09-011601.2383868579293
2017-10-011690.4024892482216
2017-11-011689.1640897874668
2017-12-011467.4922475938838
2018-01-011343.6532467303064
2018-02-011775.232193525872
2018-03-011596.1337269657836
2018-04-011513.0728006023717
2018-05-011495.7167621981368
2018-06-011501.2954888280694
2018-07-011701.5095598489263
2018-08-012463.3147288800415
2018-09-012437.4163807899495
2018-10-012181.825150868209
2018-11-012062.7155607679188
2018-12-011419.4823567589565
2019-01-011123.912100115677
2019-02-011179.7972101692346
2019-03-011127.0728314621083
2019-04-011370.1881881058578
2019-05-011218.0836702672473
2019-06-01710.1024762342289
2019-07-01595.811679505578
2019-08-01394.7095378108452
2019-09-01516.4561298462551
2019-10-01427.34703351938623
2019-11-01468.13635959926887
2019-12-01353.2976717035904
2020-01-01355.81230684925777
2020-02-01446.3369343756864
2020-03-01190.37184877980368
2020-04-0188.1655749410983
2020-05-0174.73203176240824
2020-06-0162.9175952672359
2020-07-0144.04485116447228
2020-08-0142.779911366085855
2020-09-0148.09262005853766
2020-10-0150.59717673394995
2020-11-0156.592948721809925
2020-12-0150.34418352962206
2021-01-0152.82346098909557
2021-02-0162.81639099263727
2021-03-0156.49174881775347
2021-04-0149.43344121016217
2021-05-0136.80944481741772
2021-06-0148.47209675340297
2021-07-0145.233879015825366
2021-08-0150.62248217314179
2021-09-0161.22258537776921
2021-10-0152.14040206422956
2021-11-0151.20434119395133
2021-12-0147.91553006015874
2022-01-0151.76090788719555
2022-02-0138.78273586823544
2022-03-0130.33300934226249
2022-04-0135.367430317549996
2022-05-0141.36319574959671
2022-06-0153.02584768558197
2022-07-0156.33996425856639
2022-08-0167.06655969481557
2022-09-0162.538114201828414
2022-10-0159.90706092425217
2022-11-0138.049079176612295
2022-12-0137.0371282120116
2023-01-0129.321067118746143
2023-02-0139.46579916364362
2023-03-0127.61241239660986
2023-04-0125.510076717540304
2023-05-0129.791669617955105
2023-06-0131.301458115326756
2023-07-0128.32898682414297
2023-08-0132.516296203492864
2023-09-0138.55894225617709
2023-10-0135.13437771189443
2023-11-0127.5794410264435
2023-12-0126.802808793615988
2024-01-0132.878815194720126
2024-02-0136.35081978903867
2024-03-0124.918075853614248
2024-04-0122.14347430357925
2024-05-0119.475581726011995
2024-06-0120.58903416207921
2024-07-0116.455018081372746
2024-08-0115.725484996291481
2024-09-0114.591275762800809
2024-10-0114.072111076852591
2024-11-0115.878259483281145
2024-12-0118.895604223608686
2025-01-0114.21909896600288
2025-02-0113.562409707348266
2025-03-0110.014800196584172
2025-04-018.25747457047204
2025-05-017.488819669748997
2025-06-016.937945607687386
2025-07-016.963256510056939
2025-08-014.609360618175041
2025-09-013.1011220243221143
2025-10-013.265682770921549
2025-11-012.3520859411037773
2025-12-012.131023235007433
2026-01-011.6469601487974361
2026-02-011.013954595955291
2026-03-0114.602091893164049
2026-04-0112.740310855393034
Annual Return Matrix
YearAnnual Return
2017-0.5100268802872077
2018-0.03271560099458426
2019-0.7511080923117214
2020-0.8575020795159392
2021-0.04824099427562112
2022-0.22703290216113914
2023-0.2763259440583866
2024-0.2950140274809807
2025-0.8872212177081443
20264.978494577675779
Total Factor Risk
2.1901944859294495
VTI.US Exposure
0.07418120885403293
VEA.US Exposure
0.0887064278512976
VWO.US Exposure
0.0016841082896798254
QQQ.US Exposure
-0.014015952051067107
VTV.US Exposure
-0.017631586809060767
IJR.US Exposure
-0.00597569772213229
QUAL.US Exposure
0.014831901303511563
SHV.US Exposure
0.5871148947285807
TLT.US Exposure
-0.0023894106978371568
LQD.US Exposure
-0.003929062965751128
HYG.US Exposure
-0.0015785049495184238
GLD.US Exposure
0.16679611490763388
USO.US Exposure
0.049080218183998124
VNQ.US Exposure
-0.011233837995662958
BTC-USD.CC Exposure
0.0004941748271016118
CPER.US Exposure
-0.003640295782122879
VIX.INDX Exposure
0.0014656598272469975
UUP.US Exposure
-0.011324578279862297
TIP.US Exposure
0.009369718502870019
Idiosyncratic Exposure
0.07799449997706161
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
100
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
219.0%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →26.28%
Market Cap$0
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$0
Avg Yield on Cost
0.00%
Annual Income Simulation Table
Historical Realised Yields
YearAnnual PayoutYield on CostQuality
2026$0.220.00%Solid

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+28.9%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+143.3%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
35.3% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
-0.35
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is Direxion Daily Gold Miners Index Bear 2X Shares a high-risk investment?

Direxion Daily Gold Miners Index Bear 2X Shares (DUST.US) has an annualized volatility of 219.0% and experienced a maximum drawdown of 100.0% over the last 10 years. Its primary macro risk driver is SHV.US.

What is the 10-year return of DUST.US?

Over the past 10 years, DUST.US has generated a Compound Annual Growth Rate (CAGR) of -45.5%. It has had a positive return in 10% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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