JDST vs. CMGG
JDST (Direxion Daily Junior Gold Miners Index Bear 2X Shares) and CMGG (Leverage Shares 2X Long CMG Daily ETF) are both Leveraged Equities funds. JDST is passively managed, while CMGG is actively managed. At a correlation of -0.18, they often move in opposite directions. JDST charges 1.10%/yr vs 0.75%/yr for CMGG.
Performance
JDST vs. CMGG - Performance Comparison
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Returns By Period
In the year-to-date period, JDST achieves a -35.89% return, which is significantly higher than CMGG's -43.32% return.
JDST
- 1D
- -1.51%
- 1M
- -7.51%
- YTD
- -35.89%
- 6M
- -46.82%
- 1Y
- -81.68%
- 3Y*
- -69.10%
- 5Y*
- -52.94%
- 10Y*
- -64.82%
CMGG
- 1D
- -8.67%
- 1M
- -22.71%
- YTD
- -43.32%
- 6M
- -34.47%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JDST vs. CMGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JDST Direxion Daily Junior Gold Miners Index Bear 2X Shares | -35.89% | -35.41% |
CMGG Leverage Shares 2X Long CMG Daily ETF | -43.32% | 43.86% |
Correlation
The correlation between JDST and CMGG is -0.18, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025 | -0.18 |
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Return for Risk
JDST vs. CMGG — Risk / Return Rank
JDST
CMGG
JDST vs. CMGG - 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 Leverage Shares 2X Long CMG Daily ETF (CMGG). 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.
| JDST | CMGG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.83 | — | — |
Sortino ratioReturn per unit of downside risk | -1.79 | — | — |
Omega ratioGain probability vs. loss probability | 0.81 | — | — |
Calmar ratioReturn relative to maximum drawdown | -0.94 | — | — |
Martin ratioReturn relative to average drawdown | -1.29 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JDST | CMGG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.83 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.66 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.62 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.59 | -0.48 | -0.12 |
Drawdowns
JDST vs. CMGG - Drawdown Comparison
The maximum JDST drawdown since its inception was -100.00%, which is greater than CMGG's maximum drawdown of -53.00%. Use the drawdown chart below to compare losses from any high point for JDST and CMGG.
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Drawdown Indicators
| JDST | CMGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -53.00% | -47.00% |
Max Drawdown (1Y)Largest decline over 1 year | -88.98% | — | — |
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% | -53.00% | -47.00% |
Average DrawdownAverage peak-to-trough decline | -95.32% | -20.83% | -74.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 65.20% | — | — |
Volatility
JDST vs. CMGG - Volatility Comparison
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Volatility by Period
| JDST | CMGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.18% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 79.24% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 98.90% | 66.86% | +32.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 80.87% | 66.86% | +14.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 104.74% | 66.86% | +37.88% |
JDST vs. CMGG - Expense Ratio Comparison
JDST has a 1.10% expense ratio, which is higher than CMGG's 0.75% expense ratio.
Dividends
JDST vs. CMGG - Dividend Comparison
JDST's dividend yield for the trailing twelve months is around 12.55%, while CMGG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CMGG Leverage Shares 2X Long CMG Daily ETF | 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 | 12.55% | 15.08% | 6.50% | 4.81% | 0.00% | 0.00% | 11.75% | 3.16% | 0.57% |
Frequently Asked Questions
JDST and CMGG have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CMGG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CMGG is cheaper with a 0.75% expense ratio, compared with 1.10% for JDST.
JDST has the higher dividend yield at 12.55%, compared with 0.00% for CMGG.
They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.10% for JDST and 0.75% for CMGG.
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