JDST vs. AGMI
JDST (Direxion Daily Junior Gold Miners Index Bear 2X Shares) and AGMI (Themes Silver Miners ETF) are both exchange-traded funds - JDST is a Leveraged Equities fund tracking the MVIS Global Junior Gold Miners Index (-300%), while AGMI is a Silver fund tracking the STOXX Global Silver Mining Index. Both are passively managed. Over the past year, JDST returned -79.18% vs 76.22% for AGMI. Their -0.93 correlation means they have often moved in opposite directions in the past. JDST charges 1.10%/yr vs 0.35%/yr for AGMI.
Performance
JDST vs. AGMI - Performance Comparison
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Returns By Period
In the year-to-date period, JDST achieves a -18.61% return, which is significantly lower than AGMI's -7.42% return.
JDST
- 1D
- 7.27%
- 1M
- 10.46%
- 6M
- 5.97%
- YTD
- -18.61%
- 1Y
- -79.18%
- 3Y*
- -66.93%
- 5Y*
- -52.90%
- 10Y*
- -59.50%
- ALL TIME*
- -68.78%
AGMI
- 1D
- -3.04%
- 1M
- -5.64%
- 6M
- -18.36%
- YTD
- -7.42%
- 1Y
- 76.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 51.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $44.21K | $85.02K | $152.26K | |
| $11.95M | $13.83M | $18.78M |
JDST vs. AGMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JDST Direxion Daily Junior Gold Miners Index Bear 2X Shares | -18.61% | -91.10% | -26.04% |
AGMI Themes Silver Miners ETF | -7.42% | 176.11% | -0.74% |
Correlation
The correlation between JDST and AGMI is -0.95, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.95 |
Correlation (All Time) Calculated using the full available price history since May 3, 2024 | -0.93 |
The correlation between JDST and AGMI has been stable across timeframes, ranging from -0.95 to -0.93 - a consistent structural relationship.
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Return for Risk
JDST vs. AGMI — Risk / Return Rank
JDST
AGMI
JDST vs. AGMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST) and Themes Silver Miners ETF (AGMI). 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.
| JDST | AGMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.21 | ||
| Sortino ratioReturn per unit of downside risk | -3.27 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.25 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | 2.16 | -3.06 |
| Martin ratioReturn relative to average drawdown | -1.10 | 4.43 | -5.53 |
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Drawdowns
JDST vs. AGMI - Drawdown Comparison
The maximum JDST drawdown since its inception was -100.00%, which is greater than AGMI's maximum drawdown of -35.67%. Use the drawdown chart below to compare losses from any high point for JDST and AGMI.
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Drawdown Indicators
| JDST | AGMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -35.67% | -64.33% |
Max Drawdown (1Y)Largest decline over 1 year | -88.72% | -35.67% | -53.05% |
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 | -100.00% | -33.19% | -66.81% |
Average DrawdownAverage peak-to-trough decline | -95.35% | -10.67% | -84.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 72.79% | 17.38% | +55.41% |
Volatility
JDST vs. AGMI - Volatility Comparison
Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST) has a higher volatility of 30.04% compared to Themes Silver Miners ETF (AGMI) at 13.27%. This indicates that JDST's price experiences larger fluctuations and is considered to be riskier than AGMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JDST | AGMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.04% | 13.27% | +16.77% |
Volatility (6M)Calculated over the trailing 6-month period | 86.12% | 43.55% | +42.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 106.73% | 52.89% | +53.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.80% | 44.95% | +37.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 103.95% | 44.95% | +59.00% |
JDST vs. AGMI - Expense Ratio Comparison
JDST has a 1.10% expense ratio, which is higher than AGMI's 0.35% expense ratio.
Dividends
JDST vs. AGMI - Dividend Comparison
JDST's dividend yield for the trailing twelve months is around 5.96%, more than AGMI's 4.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AGMI Themes Silver Miners ETF | 4.78% | 4.43% | 1.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JDST Direxion Daily Junior Gold Miners Index Bear 2X Shares | 5.96% | 15.08% | 6.50% | 4.81% | 0.00% | 0.00% | 11.75% | 3.16% | 0.57% |
Frequently Asked Questions
JDST and AGMI have a correlation of -0.95, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JDST has higher volatility (30.04%) compared to AGMI (13.27%). In terms of maximum drawdown, JDST dropped -100.00% vs AGMI's -35.67%.
On 1-year performance, AGMI leads with 76.22% vs -79.18% for JDST. On fees, AGMI is cheaper at 0.35% per year. On volatility, AGMI has been the lower-risk option at 13.27%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, AGMI has performed better with a 76.22% return vs -79.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AGMI is cheaper with a 0.35% expense ratio, compared with 1.10% for JDST.
JDST has the higher dividend yield at 5.96%, compared with 4.78% for AGMI.
JDST is categorized as Leveraged Equities, while AGMI is Silver. JDST tracks MVIS Global Junior Gold Miners Index (-300%), while AGMI tracks STOXX Global Silver Mining Index. They also come from different issuers: Direxion and Themes. Their fees differ too: 1.10% for JDST and 0.35% for AGMI.
AGMI currently has the higher Sharpe Ratio (1.46 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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