GC=F vs. JNUG
Compare and contrast key facts about Gold (GC=F) and Direxion Daily Junior Gold Miners Index Bull 2x Shares (JNUG).
JNUG is a passively managed fund by Direxion that tracks the performance of the MVIS Global Junior Gold Miners Index (300%). It was launched on Apr 1, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GC=F or JNUG.
Performance
GC=F vs. JNUG - Performance Comparison
Returns By Period
In the year-to-date period, GC=F achieves a 30.49% return, which is significantly lower than JNUG's 36.62% return. Over the past 10 years, GC=F has outperformed JNUG with an annualized return of 7.45%, while JNUG has yielded a comparatively lower -37.30% annualized return.
GC=F
30.49%
-1.93%
15.26%
35.15%
11.47%
7.45%
JNUG
36.62%
-24.58%
9.72%
55.73%
-39.01%
-37.30%
Key characteristics
| GC=F | JNUG | |
|---|---|---|
| Sharpe Ratio | 2.29 | 0.76 |
| Sortino Ratio | 2.92 | 1.43 |
| Omega Ratio | 1.42 | 1.17 |
| Calmar Ratio | 4.04 | 0.54 |
| Martin Ratio | 11.98 | 3.08 |
| Ulcer Index | 2.69% | 17.59% |
| Daily Std Dev | 14.24% | 70.99% |
| Max Drawdown | -44.36% | -99.95% |
| Current Drawdown | -3.49% | -99.88% |
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Correlation
The correlation between GC=F and JNUG is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
GC=F vs. JNUG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gold (GC=F) and Direxion Daily Junior Gold Miners Index Bull 2x Shares (JNUG). 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.
Drawdowns
GC=F vs. JNUG - Drawdown Comparison
The maximum GC=F drawdown since its inception was -44.36%, smaller than the maximum JNUG drawdown of -99.95%. Use the drawdown chart below to compare losses from any high point for GC=F and JNUG. For additional features, visit the drawdowns tool.
Volatility
GC=F vs. JNUG - Volatility Comparison
The current volatility for Gold (GC=F) is 5.41%, while Direxion Daily Junior Gold Miners Index Bull 2x Shares (JNUG) has a volatility of 20.92%. This indicates that GC=F experiences smaller price fluctuations and is considered to be less risky than JNUG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.