JDST vs. FNGD
Compare and contrast key facts about Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST) and MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD).
JDST and FNGD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JDST is a passively managed fund by Direxion that tracks the performance of the MVIS Global Junior Gold Miners Index (-300%). It was launched on Apr 1, 2020. FNGD is a passively managed fund by BMO Financial Group that tracks the performance of the NYSE FANG+ Index (-300%). It was launched on Jan 22, 2018. Both JDST and FNGD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JDST or FNGD.
Key characteristics
| JDST | FNGD | |
|---|---|---|
| YTD Return | -51.87% | -71.60% |
| 1Y Return | -64.46% | -79.71% |
| 3Y Return (Ann) | -34.35% | -64.27% |
| 5Y Return (Ann) | -63.30% | -77.76% |
| Sharpe Ratio | -0.92 | -1.11 |
| Sortino Ratio | -1.49 | -2.47 |
| Omega Ratio | 0.83 | 0.73 |
| Calmar Ratio | -0.64 | -0.79 |
| Martin Ratio | -1.37 | -1.36 |
| Ulcer Index | 46.87% | 58.23% |
| Daily Std Dev | 70.18% | 71.42% |
| Max Drawdown | -100.00% | -99.98% |
| Current Drawdown | -100.00% | -99.98% |
Correlation
The correlation between JDST and FNGD is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
JDST vs. FNGD - Performance Comparison
In the year-to-date period, JDST achieves a -51.87% return, which is significantly higher than FNGD's -71.60% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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JDST vs. FNGD - Expense Ratio Comparison
JDST has a 1.10% expense ratio, which is higher than FNGD's 0.95% expense ratio.
Risk-Adjusted Performance
JDST vs. FNGD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST) and MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD). 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.
Dividends
JDST vs. FNGD - Dividend Comparison
JDST's dividend yield for the trailing twelve months is around 8.15%, while FNGD has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
JDST Direxion Daily Junior Gold Miners Index Bear 2X Shares | 8.15% | 4.80% | 0.00% | 0.00% | 11.79% | 3.16% | 0.57% | 0.00% | 0.00% | 0.00% | 3.20% |
FNGD MicroSectors FANG+™ Index -3X Inverse Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
JDST vs. FNGD - Drawdown Comparison
The maximum JDST drawdown since its inception was -100.00%, roughly equal to the maximum FNGD drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for JDST and FNGD. For additional features, visit the drawdowns tool.
Volatility
JDST vs. FNGD - Volatility Comparison
Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST) and MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) have volatilities of 18.17% and 18.36%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.