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GC=F vs. JNUG
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between GC=F and JNUG is 0.16, 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.


-0.50.00.51.0
Correlation: 0.2

Performance

GC=F vs. JNUG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gold (GC=F) and Direxion Daily Junior Gold Miners Index Bull 2x Shares (JNUG). The values are adjusted to include any dividend payments, if applicable.

-100.00%-50.00%0.00%50.00%100.00%150.00%NovemberDecember2025FebruaryMarchApril
154.27%
-99.81%
GC=F
JNUG

Key characteristics

Sharpe Ratio

GC=F:

2.27

JNUG:

1.16

Sortino Ratio

GC=F:

2.92

JNUG:

1.80

Omega Ratio

GC=F:

1.41

JNUG:

1.23

Calmar Ratio

GC=F:

4.76

JNUG:

0.87

Martin Ratio

GC=F:

12.08

JNUG:

4.60

Ulcer Index

GC=F:

3.15%

JNUG:

18.80%

Daily Std Dev

GC=F:

16.53%

JNUG:

74.75%

Max Drawdown

GC=F:

-44.36%

JNUG:

-99.95%

Current Drawdown

GC=F:

-2.23%

JNUG:

-99.82%

Returns By Period

In the year-to-date period, GC=F achieves a 26.66% return, which is significantly lower than JNUG's 88.16% return. Over the past 10 years, GC=F has outperformed JNUG with an annualized return of 9.39%, while JNUG has yielded a comparatively lower -29.54% annualized return.


GC=F

YTD

26.66%

1M

10.24%

6M

21.50%

1Y

42.94%

5Y*

12.61%

10Y*

9.39%

JNUG

YTD

88.16%

1M

15.89%

6M

25.33%

1Y

79.67%

5Y*

-2.66%

10Y*

-29.54%

*Annualized

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Risk-Adjusted Performance

GC=F vs. JNUG — Risk-Adjusted Performance Rank

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

GC=F
The Risk-Adjusted Performance Rank of GC=F is 9494
Overall Rank
The Sharpe Ratio Rank of GC=F is 9494
Sharpe Ratio Rank
The Sortino Ratio Rank of GC=F is 9494
Sortino Ratio Rank
The Omega Ratio Rank of GC=F is 9494
Omega Ratio Rank
The Calmar Ratio Rank of GC=F is 9494
Calmar Ratio Rank
The Martin Ratio Rank of GC=F is 9494
Martin Ratio Rank

JNUG
The Risk-Adjusted Performance Rank of JNUG is 8383
Overall Rank
The Sharpe Ratio Rank of JNUG is 8383
Sharpe Ratio Rank
The Sortino Ratio Rank of JNUG is 8585
Sortino Ratio Rank
The Omega Ratio Rank of JNUG is 8383
Omega Ratio Rank
The Calmar Ratio Rank of JNUG is 7979
Calmar Ratio Rank
The Martin Ratio Rank of JNUG is 8383
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The chart of Sharpe ratio for GC=F, currently valued at 2.27, compared to the broader market-0.500.000.501.001.502.00
GC=F: 2.27
JNUG: 0.68
The chart of Sortino ratio for GC=F, currently valued at 2.92, compared to the broader market-0.500.000.501.001.502.002.50
GC=F: 2.92
JNUG: 1.35
The chart of Omega ratio for GC=F, currently valued at 1.41, compared to the broader market1.001.101.201.30
GC=F: 1.41
JNUG: 1.17
The chart of Calmar ratio for GC=F, currently valued at 4.76, compared to the broader market0.001.002.003.004.00
GC=F: 4.76
JNUG: 0.49
The chart of Martin ratio for GC=F, currently valued at 12.08, compared to the broader market0.002.004.006.008.0010.00
GC=F: 12.08
JNUG: 2.49

The current GC=F Sharpe Ratio is 2.27, which is higher than the JNUG Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of GC=F and JNUG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00NovemberDecember2025FebruaryMarchApril
2.27
0.68
GC=F
JNUG

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.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%NovemberDecember2025FebruaryMarchApril
-2.23%
-99.82%
GC=F
JNUG

Volatility

GC=F vs. JNUG - Volatility Comparison

The current volatility for Gold (GC=F) is 8.80%, while Direxion Daily Junior Gold Miners Index Bull 2x Shares (JNUG) has a volatility of 34.94%. 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.


0.00%5.00%10.00%15.00%20.00%25.00%30.00%35.00%NovemberDecember2025FebruaryMarchApril
8.80%
34.94%
GC=F
JNUG