EDGH vs. JDST
EDGH (3EDGE Dynamic Hard Assets ETF) and JDST (Direxion Daily Junior Gold Miners Index Bear 2X Shares) are both exchange-traded funds - EDGH is a Commodities fund actively managed by 3EDGE Asset Management, while JDST is a Leveraged Equities fund tracking the MVIS Global Junior Gold Miners Index (-300%). EDGH is actively managed, while JDST is passively managed. Over the past year, EDGH returned 22.42% vs -78.25% for JDST. At a correlation of -0.74, they often move in opposite directions. EDGH charges 1.01%/yr vs 1.10%/yr for JDST.
Performance
EDGH vs. JDST - Performance Comparison
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Returns By Period
In the year-to-date period, EDGH achieves a 4.74% return, which is significantly higher than JDST's -18.35% return.
EDGH
- 1D
- 1.27%
- 1M
- -7.50%
- YTD
- 4.74%
- 6M
- 2.75%
- 1Y
- 22.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JDST
- 1D
- -3.73%
- 1M
- 27.08%
- YTD
- -18.35%
- 6M
- -11.63%
- 1Y
- -78.25%
- 3Y*
- -67.67%
- 5Y*
- -52.48%
- 10Y*
- -62.65%
EDGH vs. JDST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EDGH 3EDGE Dynamic Hard Assets ETF | 4.74% | 28.98% | -1.97% |
JDST Direxion Daily Junior Gold Miners Index Bear 2X Shares | -18.35% | -91.10% | 20.44% |
Correlation
The correlation between EDGH and JDST is -0.71, 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 | -0.71 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2024 | -0.74 |
The correlation between EDGH and JDST has been stable across timeframes, ranging from -0.74 to -0.71 - a consistent structural relationship.
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Return for Risk
EDGH vs. JDST — Risk / Return Rank
EDGH
JDST
EDGH vs. JDST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 3EDGE Dynamic Hard Assets ETF (EDGH) and Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST). 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.
| EDGH | JDST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.00 | ||
| Sortino ratioReturn per unit of downside risk | +2.98 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.85 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | -0.88 | +2.69 |
| Martin ratioReturn relative to average drawdown | 5.80 | -1.14 | +6.94 |
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Drawdowns
EDGH vs. JDST - Drawdown Comparison
The maximum EDGH drawdown since its inception was -12.47%, smaller than the maximum JDST drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for EDGH and JDST.
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Drawdown Indicators
| EDGH | JDST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.47% | -100.00% | +87.53% |
Max Drawdown (1Y)Largest decline over 1 year | -12.47% | -88.98% | +76.51% |
Max Drawdown (3Y)Largest decline over 3 years | — | -98.58% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.28% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | -11.36% | -100.00% | +88.64% |
Average DrawdownAverage peak-to-trough decline | -2.28% | -95.32% | +93.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.88% | 68.33% | -64.45% |
Volatility
EDGH vs. JDST - Volatility Comparison
The current volatility for 3EDGE Dynamic Hard Assets ETF (EDGH) is 4.09%, while Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST) has a volatility of 38.90%. This indicates that EDGH experiences smaller price fluctuations and is considered to be less risky than JDST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EDGH | JDST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.09% | 38.90% | -34.81% |
Volatility (6M)Calculated over the trailing 6-month period | 15.20% | 85.63% | -70.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.11% | 104.22% | -86.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.65% | 82.19% | -66.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.65% | 104.95% | -89.30% |
EDGH vs. JDST - Expense Ratio Comparison
EDGH has a 1.01% expense ratio, which is lower than JDST's 1.10% expense ratio.
Dividends
EDGH vs. JDST - Dividend Comparison
EDGH's dividend yield for the trailing twelve months is around 1.12%, less than JDST's 5.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
EDGH 3EDGE Dynamic Hard Assets ETF | 1.12% | 1.18% | 3.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JDST Direxion Daily Junior Gold Miners Index Bear 2X Shares | 5.94% | 15.08% | 6.50% | 4.81% | 0.00% | 0.00% | 11.75% | 3.16% | 0.57% |
Frequently Asked Questions
EDGH and JDST have a correlation of -0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JDST has higher volatility (38.90%) compared to EDGH (4.09%). In terms of maximum drawdown, EDGH dropped -12.47% vs JDST's -100.00%.
On 1-year performance, EDGH leads with 22.42% vs -78.25% for JDST. On fees, EDGH is cheaper at 1.01% per year. On volatility, EDGH has been the lower-risk option at 4.09%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EDGH has performed better with a 22.42% return vs -78.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EDGH is cheaper with a 1.01% expense ratio, compared with 1.10% for JDST.
JDST has the higher dividend yield at 5.94%, compared with 1.12% for EDGH.
EDGH is categorized as Commodities, while JDST is Leveraged Equities. They also come from different issuers: 3EDGE Asset Management and Direxion. Their fees differ too: 1.01% for EDGH and 1.10% for JDST.
EDGH currently has the higher Sharpe Ratio (1.24 vs -0.75), 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.
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