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 Latin America Equities fund tracking the MSCI All Peru Capped Index. Both are passively managed. Over the past 10 years, JDST returned -59.50%/yr vs 13.22%/yr for EPU. Their -0.53 correlation means they have often moved in opposite directions in the past. 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 -18.61% return, which is significantly lower than EPU's 20.80% return. Over the past 10 years, JDST has underperformed EPU with an annualized return of -59.50%, while EPU has yielded a comparatively higher 13.22% annualized 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%
EPU
- 1D
- -0.99%
- 1M
- 2.20%
- 6M
- 0.92%
- YTD
- 20.80%
- 1Y
- 81.51%
- 3Y*
- 42.19%
- 5Y*
- 31.75%
- 10Y*
- 13.22%
- ALL TIME*
- 10.65%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.01M | $4.02M | $5.98M | |
| $11.95M | $13.83M | $18.78M |
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 | -18.61% | -91.10% | -40.98% | -28.29% | -26.25% | 10.97% | -95.97% | -80.30% | -1.60% | -63.44% |
EPU iShares MSCI Peru ETF | 20.80% | 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 -0.77, 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. | -0.77 |
Correlation (3Y) Balances recent behavior with more history. | -0.71 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.66 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.55 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2013 | -0.53 |
Over the past year, the inverse relationship between JDST and EPU has strengthened: their correlation has moved from -0.53 to -0.77, 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 | -3.27 | ||
| Sortino ratioReturn per unit of downside risk | -4.36 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.39 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | 3.88 | -4.77 |
| Martin ratioReturn relative to average drawdown | -1.10 | 10.45 | -11.55 |
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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 | -88.72% | -20.85% | -67.87% |
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% | -6.86% | -93.14% |
Average DrawdownAverage peak-to-trough decline | -95.35% | -18.72% | -76.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 72.79% | 7.72% | +65.07% |
Volatility
JDST vs. EPU - Volatility Comparison
Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST) has a higher volatility of 30.04% compared to iShares MSCI Peru ETF (EPU) at 9.00%. 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 | 30.04% | 9.00% | +21.04% |
Volatility (6M)Calculated over the trailing 6-month period | 86.12% | 27.47% | +58.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 106.73% | 32.03% | +74.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.80% | 25.09% | +57.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 103.95% | 23.71% | +80.24% |
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 5.96%, more than EPU's 1.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EPU iShares MSCI Peru ETF | 1.98% | 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 | 5.96% | 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 -0.77, 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 EPU (9.00%). In terms of maximum drawdown, JDST dropped -100.00% vs EPU's -60.62%.
On 10-year performance, EPU leads with 13.22% vs -59.50% for JDST. On fees, EPU is cheaper at 0.59% per year. On volatility, EPU has been the lower-risk option at 9.00%. 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 13.22% return vs -59.50%. 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 5.96%, compared with 1.98% for EPU.
JDST is categorized as Leveraged Equities, while EPU is Latin America 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 (2.52 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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