DUST vs. QTJL
DUST (Direxion Daily Gold Miners Bear 2X Shares) and QTJL (Innovator Growth Accelerated Plus ETF - July) are both Leveraged Equities funds. DUST is passively managed, while QTJL is actively managed. Over the past 5 years, DUST returned -46.95%/yr vs 9.73%/yr for QTJL. At a correlation of -0.22, they often move in opposite directions. DUST charges 1.07%/yr vs 0.79%/yr for QTJL.
Performance
DUST vs. QTJL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DUST achieves a -4.79% return, which is significantly lower than QTJL's 4.13% return.
DUST
- 1D
- 7.05%
- 1M
- 44.18%
- 6M
- 22.98%
- YTD
- -4.79%
- 1Y
- -70.93%
- 3Y*
- -58.02%
- 5Y*
- -46.95%
- 10Y*
- -49.28%
QTJL
- 1D
- -1.51%
- 1M
- -2.95%
- 6M
- 3.48%
- YTD
- 4.13%
- 1Y
- 13.53%
- 3Y*
- 16.55%
- 5Y*
- 9.73%
- 10Y*
- —
DUST vs. QTJL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DUST Direxion Daily Gold Miners Bear 2X Shares | -4.79% | -88.72% | -29.51% | -27.63% | -22.70% | -1.15% |
QTJL Innovator Growth Accelerated Plus ETF - July | 4.13% | 21.07% | 16.50% | 42.39% | -30.16% | 9.36% |
Correlation
The correlation between DUST and QTJL is -0.33, 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 | -0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.21 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2021 | -0.22 |
The correlation between DUST and QTJL shifts across timeframes, from -0.33 (1 year) to -0.21 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DUST vs. QTJL — Risk / Return Rank
DUST
QTJL
DUST vs. QTJL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Gold Miners Bear 2X Shares (DUST) and Innovator Growth Accelerated Plus ETF - July (QTJL). 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 | QTJL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.02 | ||
| Sortino ratioReturn per unit of downside risk | -3.05 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.26 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | 2.03 | -2.86 |
| Martin ratioReturn relative to average drawdown | -1.05 | 10.11 | -11.16 |
Loading charts...
Drawdowns
DUST vs. QTJL - Drawdown Comparison
The maximum DUST drawdown since its inception was -100.00%, which is greater than QTJL's maximum drawdown of -33.40%. Use the drawdown chart below to compare losses from any high point for DUST and QTJL.
Loading charts...
Drawdown Indicators
| DUST | QTJL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -33.40% | -66.60% |
Max Drawdown (1Y)Largest decline over 1 year | -85.83% | -6.68% | -79.15% |
Max Drawdown (3Y)Largest decline over 3 years | -97.55% | -22.43% | -75.12% |
Max Drawdown (5Y)Largest decline over 5 years | -98.68% | -33.40% | -65.28% |
Max Drawdown (10Y)Largest decline over 10 years | -99.98% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | -3.17% | -96.83% |
Average DrawdownAverage peak-to-trough decline | -83.45% | -7.77% | -75.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 67.27% | 1.34% | +65.93% |
Volatility
DUST vs. QTJL - Volatility Comparison
Direxion Daily Gold Miners Bear 2X Shares (DUST) has a higher volatility of 23.53% compared to Innovator Growth Accelerated Plus ETF - July (QTJL) at 4.19%. This indicates that DUST's price experiences larger fluctuations and is considered to be riskier than QTJL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DUST | QTJL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.53% | 4.19% | +19.34% |
Volatility (6M)Calculated over the trailing 6-month period | 77.17% | 8.42% | +68.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 95.66% | 10.63% | +85.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.51% | 20.34% | +53.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 86.97% | 20.27% | +66.70% |
DUST vs. QTJL - Expense Ratio Comparison
DUST has a 1.07% expense ratio, which is higher than QTJL's 0.79% expense ratio.
Dividends
DUST vs. QTJL - Dividend Comparison
DUST's dividend yield for the trailing twelve months is around 3.98%, while QTJL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DUST Direxion Daily Gold Miners Bear 2X Shares | 3.98% | 12.51% | 4.99% | 4.47% | 0.00% | 0.00% | 3.60% | 2.50% | 0.37% |
QTJL Innovator Growth Accelerated Plus ETF - July | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DUST and QTJL have a correlation of -0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DUST has higher volatility (23.53%) compared to QTJL (4.19%). In terms of maximum drawdown, DUST dropped -100.00% vs QTJL's -33.40%.
On 5-year performance, QTJL leads with 9.73% vs -46.95% for DUST. On fees, QTJL is cheaper at 0.79% per year. On volatility, QTJL has been the lower-risk option at 4.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, QTJL has performed better with a 9.73% return vs -46.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QTJL is cheaper with a 0.79% expense ratio, compared with 1.07% for DUST.
DUST has the higher dividend yield at 3.98%, compared with 0.00% for QTJL.
They also come from different issuers: Direxion and Innovator. Their fees differ too: 1.07% for DUST and 0.79% for QTJL.
QTJL currently has the higher Sharpe Ratio (1.28 vs -0.74), 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.
Find the right allocation for DUST and QTJL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer