DUST vs ENOR

Comparison between Direxion Daily Gold Miners Index Bear -2X Shares (DUST, ETF) and ISHARES MSCI NORWAY ETF (ENOR, ETF).

5-Year PerformanceENOR has outperformed DUST, delivering a return of +9.2% compared to -48.5%

DUST vs ENOR - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	DUST(ETF)	ENOR(ETF)
Net Assets	$84M	$84M
Expense Ratio	N/A	0.53%
Max Drawdown	100.00%	62.59%
Sharpe Ratio	-0.96	1.40
5Y Beta	0.00	0.66
5Y Dividends CAGR	N/A	19.10%

Net Assets

Winner

DUST

$84M

ENOR

$84M

Expense Ratio

DUST

N/A

ENOR

0.53%

Max Drawdown

DUST

100.00%

Winner

ENOR

62.59%

Sharpe Ratio

DUST

-0.96

Winner

ENOR

1.40

5Y Beta

Winner

DUST

0.00

ENOR

0.66

5Y Dividends CAGR

DUST

N/A

ENOR

19.10%

DUST vs ENOR - Holdings Comparison

DUST and ENOR have 0 common holdings. Overlap is 0.00%

DUST's top 25 holdings weight is 106.44%. ENOR's top 25 holdings weight is 84.18%.

Rank	DUST	ENOR
#1	BNY DREYFUS GOVT CASH MGMT INSTL (DGCXX) - 69.24%	EQUINOR ASA (n/a) - 11.80%
#2	GOLDMAN SACHS FS TREASURY INTMS D (FRDXX) - 37.20%	DNB BANK ASA (n/a) - 11.51%
#3	N/A	KONGSBERG GRUPPEN ASA (n/a) - 5.58%
#4	N/A	NORSK HYDRO ASA (n/a) - 5.47%
#5	N/A	AKER BP ASA (n/a) - 4.90%
#6	N/A	TELENOR ASA (n/a) - 4.33%
#7	N/A	MOWI ASA (n/a) - 3.92%
#8	N/A	ORKLA ASA (n/a) - 3.67%
#9	N/A	STOREBRAND ASA (n/a) - 3.63%
#10	N/A	YARA INTERNATIONAL ASA (n/a) - 3.57%
#11	N/A	SUBSEA 7 SA (n/a) - 3.52%
#12	N/A	GJENSIDIGE FORSIKRING ASA (n/a) - 2.70%
#13	N/A	FRONTLINE PLC (FRO) - 2.61%
#14	N/A	SPAREBANK 1 SOR NORGE ASA (n/a) - 2.00%
#15	N/A	VAR ENERGI ASA (n/a) - 1.97%
#16	N/A	VEND MARKETPLACES ASA ORDINARY SHARES (n/a) - 1.92%
#17	N/A	SALMAR ASA (n/a) - 1.54%
#18	N/A	NORDIC SEMICONDUCTOR ASA (n/a) - 1.41%
#19	N/A	AKER ASA CLASS A (n/a) - 1.36%
#20	N/A	TGS ASA (n/a) - 1.26%
#21	N/A	PROTECTOR FORSIKRING ASA (n/a) - 1.20%
#22	N/A	SPAREBANK 1 SMN DEPOSITORY RECEIPTS (n/a) - 1.13%
#23	N/A	KONGSBERG MARITIME ASA (n/a) - 1.12%
#24	N/A	BAKKAFROST P/F (n/a) - 1.03%
#25	N/A	TOMRA SYSTEMS ASA (n/a) - 1.03%
Total Holdings	2	65

DUST vs ENOR - Historical Returns

Returns include dividend reinvestment.

Period	DUST	ENOR
1 month	+3.81%	+6.03%
3 months	+27.60%	-2.36%
6 months	+35.79%	+16.39%
1 year	-71.62%	+28.90%
5 years(CAGR)	-48.53%	+9.22%
10 years(CAGR)	-50.29%	+9.41%
Max(CAGR)	-48.67%	+5.73%

DUST

+3.81%

Winner

ENOR

+6.03%

Winner

DUST

+27.60%

ENOR

-2.36%

Winner

DUST

+35.79%

ENOR

+16.39%

DUST

-71.62%

Winner

ENOR

+28.90%

5Y(CAGR)

DUST

-48.53%

Winner

ENOR

+9.22%

10Y(CAGR)

DUST

-50.29%

Winner

ENOR

+9.41%

Max(CAGR)

DUST

-48.67%

Winner

ENOR

+5.73%

DUST vs ENOR - Annual Returns (2010 - 2026)

Returns include dividend reinvestment.

Year	DUST	ENOR
2026	-14.74%	+22.30%
2025	-87.72%	+30.35%
2024	-31.54%	-0.30%
2023	-22.58%	+8.03%
2022	-26.28%	-13.40%
2021	+10.83%	+18.51%
2020	-85.68%	+1.24%
2019	-75.25%	+12.25%
2018	+4.30%	-9.35%
2017	-44.37%	+20.83%
2016	-93.61%	+19.07%
2015	-26.77%	-15.90%
2014	-36.10%	-20.31%
2013	+194.94%	+7.44%
2012	-14.35%	+17.29%
2011	+8.40%	N/A
2010	-3.03%	N/A

DUST vs ENOR Drawdown Comparison

The maximum drawdown for DUST was -100.00%, occurring on Feb 27, 2026. This drawdown has not yet recovered.

The maximum drawdown for ENOR was -55.31%, occurring on Mar 18, 2020. Recovery took 1726 trading sessions.

The current DUST drawdown is -100.00%. The current ENOR drawdown is -5.80%.

Rank	DUST	ENOR
#1	-100.00% Jun 26, 2013 - Feb 27, 2026	-55.31% Jun 6, 2014 - Apr 15, 2021
#2	-70.64% May 15, 2012 - Apr 12, 2013	-32.61% Mar 30, 2022 - May 21, 2025
#3	-46.69% Jan 25, 2011 - Apr 23, 2012	-24.65% Mar 20, 2012 - Jan 2, 2013
#4	-39.18% May 17, 2013 - Jun 20, 2013	-14.48% May 21, 2026 - Jun 26, 2026
#5	-32.31% Apr 17, 2013 - May 17, 2013	-13.96% Feb 1, 2013 - Sep 18, 2013
#6	-11.13% Apr 23, 2012 - May 3, 2012	-13.29% Oct 20, 2021 - Mar 30, 2022
#7	-6.61% Dec 22, 2010 - Jan 4, 2011	-9.93% Jun 7, 2021 - Oct 13, 2021
#8	-6.19% May 8, 2012 - May 14, 2012	-9.13% Oct 25, 2013 - Mar 5, 2014
#9	-4.59% Jan 7, 2011 - Jan 13, 2011	-9.01% Sep 16, 2025 - Jan 2, 2026
#10	-3.58% Dec 8, 2010 - Dec 16, 2010	-7.29% Feb 28, 2012 - Mar 20, 2012
#11	-3.30% Jan 14, 2011 - Jan 20, 2011	-6.49% Sep 18, 2013 - Oct 18, 2013
#12	-3.07% Jun 20, 2013 - Jun 24, 2013	-5.50% Mar 19, 2026 - Mar 31, 2026
#13	-1.65% Dec 16, 2010 - Dec 22, 2010	-5.48% Jun 13, 2025 - Aug 22, 2025
#14	-0.81% May 3, 2012 - May 7, 2012	-5.32% Apr 29, 2021 - Jun 1, 2021
#15	N/A	-5.00% Mar 6, 2014 - Apr 24, 2014

Correlation

Correlation between DUST and ENOR is -0.27 which considered as a very weak or no correlation - the stocks move independently of each other.

-0.27

-101

Dividend Comparison (2011 - 2026)

DUST vs ENOR dividend yield comparison.

Year	DUST	ENOR
2026	1.74%	4.55%
2025	12.51%	2.96%
2024	4.99%	6.32%
2023	4.47%	5.06%
2022	0.00%	4.02%
2021	0.00%	2.24%
2020	3.61%	2.39%
2019	2.50%	3.15%
2018	0.37%	2.79%
2017	0.00%	2.47%
2016	0.00%	2.96%
2015	0.00%	3.24%
2014	0.00%	4.52%
2013	0.00%	2.65%
2012	0.00%	2.66%
2011	4.64%	0.00%