JDST vs. FNGD
JDST (Direxion Daily Junior Gold Miners Index Bear 2X Shares) and FNGD (MicroSectors FANG+™ Index -3X Inverse Leveraged ETN) are both Leveraged Equities funds - JDST tracks the MVIS Global Junior Gold Miners Index (-300%) while FNGD tracks the NYSE FANG+ Index (-300%). Both are passively managed. Over the past 5 years, JDST returned -52.81%/yr vs -62.47%/yr for FNGD. At a 0.20 correlation, their price movements are largely independent. JDST charges 1.10%/yr vs 0.95%/yr for FNGD.
Performance
JDST vs. FNGD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, JDST achieves a -22.39% return, which is significantly higher than FNGD's -27.13% 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%
FNGD
- 1D
- 7.44%
- 1M
- 2.40%
- YTD
- -27.13%
- 6M
- -23.35%
- 1Y
- -49.41%
- 3Y*
- -65.49%
- 5Y*
- -62.47%
- 10Y*
- —
JDST vs. FNGD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | 3.95% |
FNGD MicroSectors FANG+™ Index -3X Inverse Leveraged ETN | -27.13% | -61.42% | -76.57% | -90.14% | 52.21% | -60.04% | -95.60% | -72.46% | -16.61% |
Correlation
The correlation between JDST and FNGD is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2018 | 0.20 |
The correlation between JDST and FNGD shifts across timeframes, from 0.20 (all time) to 0.32 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
JDST vs. FNGD — Risk / Return Rank
JDST
FNGD
JDST vs. FNGD - 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 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.
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 | FNGD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 0.89 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | -0.75 | -0.13 |
| Martin ratioReturn relative to average drawdown | -1.16 | -1.52 | +0.36 |
Loading charts...
Drawdowns
JDST vs. FNGD - Drawdown Comparison
The maximum JDST drawdown since its inception was -100.00%, roughly equal to the maximum FNGD drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for JDST and FNGD.
Loading charts...
Drawdown Indicators
| JDST | FNGD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -100.00% | 0.00% |
Max Drawdown (1Y)Largest decline over 1 year | -88.98% | -65.92% | -23.06% |
Max Drawdown (3Y)Largest decline over 3 years | -98.58% | -97.35% | -1.23% |
Max Drawdown (5Y)Largest decline over 5 years | -99.28% | -99.67% | +0.39% |
Max Drawdown (10Y)Largest decline over 10 years | -100.00% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | -100.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -95.31% | -87.30% | -8.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 67.97% | 34.15% | +33.82% |
Volatility
JDST vs. FNGD - Volatility Comparison
Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST) has a higher volatility of 39.08% compared to MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) at 33.07%. This indicates that JDST's price experiences larger fluctuations and is considered to be riskier than FNGD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| JDST | FNGD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 39.08% | 33.07% | +6.01% |
Volatility (6M)Calculated over the trailing 6-month period | 85.69% | 53.22% | +32.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 103.81% | 65.50% | +38.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.06% | 89.67% | -7.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 104.94% | 91.30% | +13.64% |
JDST vs. FNGD - Expense Ratio Comparison
JDST has a 1.10% expense ratio, which is higher than FNGD's 0.95% expense ratio.
Dividends
JDST vs. FNGD - Dividend Comparison
JDST's dividend yield for the trailing twelve months is around 10.36%, while FNGD has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Frequently Asked Questions
JDST and FNGD have a correlation of 0.32, 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 FNGD (33.07%). In terms of maximum drawdown, JDST dropped -100.00% vs FNGD's -100.00%.
On 5-year performance, JDST leads with -52.81% vs -62.47% for FNGD. On fees, FNGD is cheaper at 0.95% per year. On volatility, FNGD has been the lower-risk option at 33.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, JDST has performed better with a -52.81% return vs -62.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FNGD is cheaper with a 0.95% expense ratio, compared with 1.10% for JDST.
JDST has the higher dividend yield at 10.36%, compared with 0.00% for FNGD.
JDST tracks MVIS Global Junior Gold Miners Index (-300%), while FNGD tracks NYSE FANG+ Index (-300%). They also come from different issuers: Direxion and BMO. Their fees differ too: 1.10% for JDST and 0.95% for FNGD.
FNGD currently has the higher Sharpe Ratio (-0.76 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.
Find the right allocation for JDST and FNGD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer