JDST vs. EPU
JDST (Direxion Daily Junior Gold Miners Index Bear 2X Shares) and EPU (iShares MSCI Peru ETF) are both exchange-traded funds - JDST is a Leveraged Equities fund tracking the MVIS Global Junior Gold Miners Index (-300%), while EPU is a Mid Cap Blend Equities fund tracking the MSCI All Peru Capped Index. Both are passively managed. Over the past 10 years, JDST returned -62.85%/yr vs 14.73%/yr for EPU. At a correlation of -0.52, they often move in opposite directions. JDST charges 1.10%/yr vs 0.59%/yr for EPU.
Performance
JDST vs. EPU - Performance Comparison
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Returns By Period
In the year-to-date period, JDST achieves a -22.39% return, which is significantly lower than EPU's 18.54% return. Over the past 10 years, JDST has underperformed EPU with an annualized return of -62.85%, while EPU has yielded a comparatively higher 14.73% annualized return.
JDST
- 1D
- 10.10%
- 1M
- 10.16%
- YTD
- -22.39%
- 6M
- -14.59%
- 1Y
- -78.52%
- 3Y*
- -68.43%
- 5Y*
- -52.81%
- 10Y*
- -62.85%
EPU
- 1D
- -3.70%
- 1M
- 3.83%
- YTD
- 18.54%
- 6M
- 17.84%
- 1Y
- 83.34%
- 3Y*
- 46.58%
- 5Y*
- 29.75%
- 10Y*
- 14.73%
JDST vs. EPU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JDST Direxion Daily Junior Gold Miners Index Bear 2X Shares | -22.39% | -91.10% | -40.98% | -28.29% | -26.25% | 10.97% | -95.97% | -80.30% | -1.60% | -63.44% |
EPU iShares MSCI Peru ETF | 18.54% | 86.87% | 21.73% | 25.34% | 2.05% | -11.81% | -4.31% | 7.30% | -12.17% | 29.70% |
Correlation
The correlation between JDST and EPU is -0.73, 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 (1Y) Calculated over the trailing 1-year period | -0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.54 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2013 | -0.52 |
Over the past year, the inverse relationship between JDST and EPU has strengthened: their correlation has moved from -0.52 to -0.73, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
JDST vs. EPU — Risk / Return Rank
JDST
EPU
JDST vs. EPU - 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 iShares MSCI Peru ETF (EPU). 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 | EPU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.43 | ||
| Sortino ratioReturn per unit of downside risk | -4.49 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.42 | -0.57 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | 4.02 | -4.90 |
| Martin ratioReturn relative to average drawdown | -1.16 | 11.51 | -12.66 |
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Drawdowns
JDST vs. EPU - Drawdown Comparison
The maximum JDST drawdown since its inception was -100.00%, which is greater than EPU's maximum drawdown of -60.62%. Use the drawdown chart below to compare losses from any high point for JDST and EPU.
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Drawdown Indicators
| JDST | EPU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -60.62% | -39.38% |
Max Drawdown (1Y)Largest decline over 1 year | -88.98% | -20.85% | -68.13% |
Max Drawdown (3Y)Largest decline over 3 years | -98.58% | -20.85% | -77.73% |
Max Drawdown (5Y)Largest decline over 5 years | -99.28% | -35.59% | -63.69% |
Max Drawdown (10Y)Largest decline over 10 years | -100.00% | -50.97% | -49.03% |
Current DrawdownCurrent decline from peak | -100.00% | -8.61% | -91.39% |
Average DrawdownAverage peak-to-trough decline | -95.31% | -18.79% | -76.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 67.97% | 7.27% | +60.70% |
Volatility
JDST vs. EPU - Volatility Comparison
Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST) has a higher volatility of 39.08% compared to iShares MSCI Peru ETF (EPU) at 12.75%. This indicates that JDST's price experiences larger fluctuations and is considered to be riskier than EPU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JDST | EPU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 39.08% | 12.75% | +26.33% |
Volatility (6M)Calculated over the trailing 6-month period | 85.69% | 27.23% | +58.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 103.81% | 31.33% | +72.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.06% | 25.12% | +56.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 104.94% | 23.66% | +81.28% |
JDST vs. EPU - Expense Ratio Comparison
JDST has a 1.10% expense ratio, which is higher than EPU's 0.59% expense ratio.
Dividends
JDST vs. EPU - Dividend Comparison
JDST's dividend yield for the trailing twelve months is around 10.36%, more than EPU's 2.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EPU iShares MSCI Peru ETF | 2.02% | 1.63% | 5.78% | 4.17% | 5.56% | 3.13% | 1.91% | 2.67% | 1.53% | 3.30% | 0.85% | 1.90% |
JDST Direxion Daily Junior Gold Miners Index Bear 2X Shares | 10.36% | 15.08% | 6.50% | 4.81% | 0.00% | 0.00% | 11.75% | 3.16% | 0.57% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JDST and EPU have a correlation of -0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JDST has higher volatility (39.08%) compared to EPU (12.75%). In terms of maximum drawdown, JDST dropped -100.00% vs EPU's -60.62%.
On 10-year performance, EPU leads with 14.73% vs -62.85% for JDST. On fees, EPU is cheaper at 0.59% per year. On volatility, EPU has been the lower-risk option at 12.75%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, EPU has performed better with a 14.73% return vs -62.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EPU is cheaper with a 0.59% expense ratio, compared with 1.10% for JDST.
JDST has the higher dividend yield at 10.36%, compared with 2.02% for EPU.
JDST is categorized as Leveraged Equities, while EPU is Mid Cap Blend Equities. JDST tracks MVIS Global Junior Gold Miners Index (-300%), while EPU tracks MSCI All Peru Capped Index. They also come from different issuers: Direxion and iShares. Their fees differ too: 1.10% for JDST and 0.59% for EPU.
EPU currently has the higher Sharpe Ratio (2.67 vs -0.76), 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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