INTW vs. JNUG

Last updated Jun 4, 2026

INTW (GraniteShares 2x Long INTC Daily ETF) and JNUG (Direxion Daily Junior Gold Miners Index Bull 2x Shares) are both Leveraged Equities funds. INTW is actively managed, while JNUG is passively managed. Over the past year, INTW returned 1617.48% vs 97.16% for JNUG. At a 0.11 correlation, their price movements are largely independent. INTW charges 1.50%/yr vs 1.17%/yr for JNUG.

Performance

INTW vs. JNUG - Performance Comparison

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

Returns By Period

In the year-to-date period, INTW achieves a 562.71% return, which is significantly higher than JNUG's -21.49% return.

INTW

• 1D: 8.89%
• 1M: 29.41%
• YTD: 562.71%
• 6M: 361.23%
• 1Y: 1,617.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JNUG

• 1D: -8.78%
• 1M: -6.90%
• YTD: -21.49%
• 6M: -8.47%
• 1Y: 97.16%
• 3Y*: 66.66%
• 5Y*: 9.67%
• 10Y*: -24.54%

*Multi-year figures are annualized to reflect compound growth (CAGR)

INTW vs. JNUG - Yearly Performance Comparison

	2026 (YTD)	2025
INTW GraniteShares 2x Long INTC Daily ETF	562.71%	50.41%
JNUG Direxion Daily Junior Gold Miners Index Bull 2x Shares	-21.49%	293.38%

Correlation

The correlation between INTW and JNUG is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (All Time) Calculated using the full available price history since Feb 14, 2025	0.11

INTW vs. JNUG - Sectors Allocation Comparison

Sectors	INTW	JNUG
Technology	66.7%	-
Basic Materials	-	100.0%
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

INTW vs. JNUG — Risk / Return Rank

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

INTW

INTW Risk / Return Rank: 97
INTW Sharpe Ratio Rank: 99
INTW Sortino Ratio Rank: 95
INTW Omega Ratio Rank: 93
INTW Calmar Ratio Rank: 99
INTW Martin Ratio Rank: 98

JNUG

JNUG Risk / Return Rank: 30
JNUG Sharpe Ratio Rank: 27
JNUG Sortino Ratio Rank: 30
JNUG Omega Ratio Rank: 33
JNUG Calmar Ratio Rank: 34
JNUG Martin Ratio Rank: 27

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

INTW vs. JNUG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long INTC Daily ETF (INTW) 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.

	INTW	JNUG	Difference
Sharpe ratio: Return per unit of total volatility	11.42	0.99	+10.44
Sortino ratio: Return per unit of downside risk	5.09	1.65	+3.44
Omega ratio: Gain probability vs. loss probability	1.64	1.23	+0.41
Calmar ratio: Return relative to maximum drawdown	33.18	1.73	+31.45
Martin ratio: Return relative to average drawdown	77.63	3.82	+73.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

INTW vs. JNUG - Sharpe Ratio Comparison

The current INTW Sharpe Ratio is 11.42, which is higher than the JNUG Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of INTW and JNUG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	INTW	JNUG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	11.42	0.99	+10.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.12	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.23	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.39	-0.29	+3.68

Drawdowns

INTW vs. JNUG - Drawdown Comparison

The maximum INTW drawdown since its inception was -60.58%, smaller than the maximum JNUG drawdown of -99.95%. Use the drawdown chart below to compare losses from any high point for INTW and JNUG.

Drawdown Indicators

	INTW	JNUG	Difference
Max Drawdown Largest peak-to-trough decline	-60.58%	-99.95%	+39.37%
Max Drawdown (1Y) Largest decline over 1 year	-49.34%	-56.39%	+7.05%
Max Drawdown (3Y) Largest decline over 3 years	—	-56.39%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-80.95%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-99.66%	—
Current Drawdown Current decline from peak	-26.69%	-99.57%	+72.88%
Average Drawdown Average peak-to-trough decline	-30.07%	-93.89%	+63.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.05%	25.51%	-4.46%

Volatility

INTW vs. JNUG - Volatility Comparison

GraniteShares 2x Long INTC Daily ETF (INTW) has a higher volatility of 48.71% compared to Direxion Daily Junior Gold Miners Index Bull 2x Shares (JNUG) at 32.74%. This indicates that INTW's price experiences larger fluctuations and is considered to be riskier than JNUG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	INTW	JNUG	Difference
Volatility (1M) Calculated over the trailing 1-month period	48.71%	32.74%	+15.97%
Volatility (6M) Calculated over the trailing 6-month period	111.40%	84.08%	+27.32%
Volatility (1Y) Calculated over the trailing 1-year period	143.36%	99.08%	+44.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	145.22%	80.41%	+64.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	145.22%	106.54%	+38.68%

INTW vs. JNUG - Expense Ratio Comparison

INTW has a 1.50% expense ratio, which is higher than JNUG's 1.17% expense ratio.

Dividends

INTW vs. JNUG - Dividend Comparison

INTW has not paid dividends to shareholders, while JNUG's dividend yield for the trailing twelve months is around 1.56%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
INTW GraniteShares 2x Long INTC Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
JNUG Direxion Daily Junior Gold Miners Index Bull 2x Shares	1.56%	1.04%	2.01%	1.62%	0.00%	0.52%	0.10%	0.46%	0.06%	0.51%

Frequently Asked Questions

Can I hold both INTW and JNUG in my portfolio?

INTW and JNUG have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, INTW or JNUG?

INTW has higher volatility (48.71%) compared to JNUG (32.74%). In terms of maximum drawdown, INTW dropped -60.58% vs JNUG's -99.95%.

Which ETF is better, INTW or JNUG?

On 1-year performance, INTW leads with 1617.48% vs 97.16% for JNUG. On fees, JNUG is cheaper at 1.17% per year. On volatility, JNUG has been the lower-risk option at 32.74%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, INTW or JNUG?

Over the 1-year period, INTW has performed better with a 1617.48% return vs 97.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, INTW or JNUG?

JNUG is cheaper with a 1.17% expense ratio, compared with 1.50% for INTW.

Which ETF pays a higher dividend yield, INTW or JNUG?

JNUG has the higher dividend yield at 1.56%, compared with 0.00% for INTW.

What is the main difference between INTW and JNUG?

They also come from different issuers: GraniteShares and Direxion. Their fees differ too: 1.50% for INTW and 1.17% for JNUG.

Which has better risk-adjusted returns?

INTW currently has the higher Sharpe Ratio (11.42 vs 0.99), 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.