FNGD vs. JDST
FNGD (MicroSectors FANG+™ Index -3X Inverse Leveraged ETN) and JDST (Direxion Daily Junior Gold Miners Index Bear 2X Shares) are both Leveraged Equities funds - FNGD tracks the NYSE FANG+ Index (-300%) while JDST tracks the MVIS Global Junior Gold Miners Index (-300%). Both are passively managed. Over the past 5 years, FNGD returned -62.47%/yr vs -52.81%/yr for JDST. At a 0.20 correlation, their price movements are largely independent. FNGD charges 0.95%/yr vs 1.10%/yr for JDST.
Performance
FNGD vs. JDST - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FNGD achieves a -27.13% return, which is significantly lower than JDST's -22.39% return.
FNGD
- 1D
- 7.44%
- 1M
- 2.40%
- YTD
- -27.13%
- 6M
- -23.35%
- 1Y
- -49.41%
- 3Y*
- -65.49%
- 5Y*
- -62.47%
- 10Y*
- —
JDST
- 1D
- 10.10%
- 1M
- 10.16%
- YTD
- -22.39%
- 6M
- -14.59%
- 1Y
- -78.52%
- 3Y*
- -68.43%
- 5Y*
- -52.81%
- 10Y*
- -62.85%
FNGD vs. JDST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FNGD MicroSectors FANG+™ Index -3X Inverse Leveraged ETN | -27.13% | -61.42% | -76.57% | -90.14% | 52.21% | -60.04% | -95.60% | -72.46% | -16.61% |
JDST Direxion Daily Junior Gold Miners Index Bear 2X Shares | -22.39% | -91.10% | -40.98% | -28.29% | -26.25% | 10.97% | -95.97% | -80.30% | 3.95% |
Correlation
The correlation between FNGD and JDST is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2018 | 0.20 |
The correlation between FNGD and JDST shifts across timeframes, from 0.20 (all time) to 0.32 (1 year), 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
FNGD vs. JDST — Risk / Return Rank
FNGD
JDST
FNGD vs. JDST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) 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.
| FNGD | JDST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 0.85 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | -0.88 | +0.13 |
| Martin ratioReturn relative to average drawdown | -1.52 | -1.16 | -0.36 |
Loading charts...
Drawdowns
FNGD vs. JDST - Drawdown Comparison
The maximum FNGD drawdown since its inception was -100.00%, roughly equal to the maximum JDST drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for FNGD and JDST.
Loading charts...
Drawdown Indicators
| FNGD | JDST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -100.00% | 0.00% |
Max Drawdown (1Y)Largest decline over 1 year | -65.92% | -88.98% | +23.06% |
Max Drawdown (3Y)Largest decline over 3 years | -97.35% | -98.58% | +1.23% |
Max Drawdown (5Y)Largest decline over 5 years | -99.67% | -99.28% | -0.39% |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | -100.00% | -100.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -87.30% | -95.31% | +8.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.15% | 67.97% | -33.82% |
Volatility
FNGD vs. JDST - Volatility Comparison
The current volatility for MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) is 33.07%, while Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST) has a volatility of 39.08%. This indicates that FNGD 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.
Loading charts...
Volatility by Period
| FNGD | JDST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 33.07% | 39.08% | -6.01% |
Volatility (6M)Calculated over the trailing 6-month period | 53.22% | 85.69% | -32.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.50% | 103.81% | -38.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 89.67% | 82.06% | +7.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 91.30% | 104.94% | -13.64% |
FNGD vs. JDST - Expense Ratio Comparison
FNGD has a 0.95% expense ratio, which is lower than JDST's 1.10% expense ratio.
Dividends
FNGD vs. JDST - Dividend Comparison
FNGD has not paid dividends to shareholders, while JDST's dividend yield for the trailing twelve months is around 10.36%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FNGD MicroSectors FANG+™ Index -3X Inverse Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JDST Direxion Daily Junior Gold Miners Index Bear 2X Shares | 10.36% | 15.08% | 6.50% | 4.81% | 0.00% | 0.00% | 11.75% | 3.16% | 0.57% |
Frequently Asked Questions
FNGD and JDST have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JDST has higher volatility (39.08%) compared to FNGD (33.07%). In terms of maximum drawdown, FNGD dropped -100.00% vs JDST's -100.00%.
On 5-year performance, JDST leads with -52.81% vs -62.47% for FNGD. On fees, FNGD is cheaper at 0.95% per year. On volatility, FNGD has been the lower-risk option at 33.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, JDST has performed better with a -52.81% return vs -62.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FNGD is cheaper with a 0.95% expense ratio, compared with 1.10% for JDST.
JDST has the higher dividend yield at 10.36%, compared with 0.00% for FNGD.
FNGD tracks NYSE FANG+ Index (-300%), while JDST tracks MVIS Global Junior Gold Miners Index (-300%). They also come from different issuers: BMO and Direxion. Their fees differ too: 0.95% for FNGD and 1.10% for JDST.
FNGD currently has the higher Sharpe Ratio (-0.76 vs -0.76), 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 FNGD and JDST
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