DUST vs. INTW

Last updated Jun 24, 2026

DUST (Direxion Daily Gold Miners Bear 2X Shares) and INTW (GraniteShares 2x Long INTC Daily ETF) are both Leveraged Equities funds. DUST is passively managed, while INTW is actively managed. Over the past year, DUST returned -73.95% vs 1964.55% for INTW. At a correlation of -0.12, they often move in opposite directions. DUST charges 1.07%/yr vs 1.50%/yr for INTW.

Performance

DUST vs. INTW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Gold Miners Bear 2X Shares (DUST) and GraniteShares 2x Long INTC Daily ETF (INTW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DUST achieves a -17.98% return, which is significantly lower than INTW's 750.22% return.

DUST

• 1D: 8.73%
• 1M: 10.22%
• YTD: -17.98%
• 6M: -9.99%
• 1Y: -73.95%
• 3Y*: -62.05%
• 5Y*: -48.30%
• 10Y*: -52.03%

INTW

• 1D: -12.49%
• 1M: 12.21%
• YTD: 750.22%
• 6M: 775.58%
• 1Y: 1,964.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DUST vs. INTW - Yearly Performance Comparison

	2026 (YTD)	2025
DUST Direxion Daily Gold Miners Bear 2X Shares	-17.98%	-82.38%
INTW GraniteShares 2x Long INTC Daily ETF	750.22%	60.89%

Correlation

The correlation between DUST and INTW is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.14
Correlation (All Time) Calculated using the full available price history since Feb 13, 2025	-0.12

Return for Risk

DUST vs. INTW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DUST

DUST Risk / Return Rank: 2
DUST Sharpe Ratio Rank: 3
DUST Sortino Ratio Rank: 2
DUST Omega Ratio Rank: 2
DUST Calmar Ratio Rank: 2
DUST Martin Ratio Rank: 4

INTW

INTW Risk / Return Rank: 98
INTW Sharpe Ratio Rank: 100
INTW Sortino Ratio Rank: 96
INTW Omega Ratio Rank: 94
INTW Calmar Ratio Rank: 99
INTW Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DUST vs. INTW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Gold Miners Bear 2X Shares (DUST) and GraniteShares 2x Long INTC Daily ETF (INTW). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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	INTW	Difference
Sharpe ratio: Return per unit of total volatility	-0.78	13.25	-14.04
Sortino ratio: Return per unit of downside risk	-1.42	5.13	-6.56
Omega ratio: Gain probability vs. loss probability	0.85	1.65	-0.80
Calmar ratio: Return relative to maximum drawdown	-0.86	40.32	-41.18
Martin ratio: Return relative to average drawdown	-1.13	91.49	-92.63

DUST vs. INTW - Sharpe Ratio Comparison

The current DUST Sharpe Ratio is -0.78, which is lower than the INTW Sharpe Ratio of 13.25. The chart below compares the historical Sharpe Ratios of DUST and INTW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DUST vs. INTW - Drawdown Comparison

The maximum DUST drawdown since its inception was -100.00%, which is greater than INTW's maximum drawdown of -60.58%. Use the drawdown chart below to compare losses from any high point for DUST and INTW.

Drawdown Indicators

	DUST	INTW	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-60.58%	-39.42%
Max Drawdown (1Y) Largest decline over 1 year	-86.15%	-49.34%	-36.81%
Max Drawdown (3Y) Largest decline over 3 years	-97.55%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-98.68%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-99.98%	—	—
Current Drawdown Current decline from peak	-100.00%	-12.49%	-87.51%
Average Drawdown Average peak-to-trough decline	-83.38%	-29.66%	-53.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	65.24%	21.70%	+43.54%

Volatility

DUST vs. INTW - Volatility Comparison

The current volatility for Direxion Daily Gold Miners Bear 2X Shares (DUST) is 34.13%, while GraniteShares 2x Long INTC Daily ETF (INTW) has a volatility of 55.81%. This indicates that DUST experiences smaller price fluctuations and is considered to be less risky than INTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DUST	INTW	Difference
Volatility (1M) Calculated over the trailing 1-month period	34.13%	55.81%	-21.68%
Volatility (6M) Calculated over the trailing 6-month period	77.03%	119.10%	-42.07%
Volatility (1Y) Calculated over the trailing 1-year period	94.59%	150.14%	-55.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	73.10%	148.88%	-75.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	87.25%	148.88%	-61.63%

DUST vs. INTW - Expense Ratio Comparison

DUST has a 1.07% expense ratio, which is lower than INTW's 1.50% expense ratio.

Dividends

DUST vs. INTW - Dividend Comparison

DUST's dividend yield for the trailing twelve months is around 7.95%, while INTW has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DUST Direxion Daily Gold Miners Bear 2X Shares	7.95%	12.51%	4.99%	4.47%	0.00%	0.00%	3.60%	2.50%	0.37%
INTW GraniteShares 2x Long INTC Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DUST and INTW in my portfolio?

DUST and INTW have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DUST or INTW?

INTW has higher volatility (55.81%) compared to DUST (34.13%). In terms of maximum drawdown, DUST dropped -100.00% vs INTW's -60.58%.

Which ETF is better, DUST or INTW?

On 1-year performance, INTW leads with 1964.55% vs -73.95% for DUST. On fees, DUST is cheaper at 1.07% per year. On volatility, DUST has been the lower-risk option at 34.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DUST or INTW?

Over the 1-year period, INTW has performed better with a 1964.55% return vs -73.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DUST or INTW?

DUST is cheaper with a 1.07% expense ratio, compared with 1.50% for INTW.

Which ETF pays a higher dividend yield, DUST or INTW?

DUST has the higher dividend yield at 7.95%, compared with 0.00% for INTW.

What is the main difference between DUST and INTW?

They also come from different issuers: Direxion and GraniteShares. Their fees differ too: 1.07% for DUST and 1.50% for INTW.

Which has better risk-adjusted returns?

INTW currently has the higher Sharpe Ratio (13.25 vs -0.78), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.