JDST vs. FNGU
JDST (Direxion Daily Junior Gold Miners Index Bear 2X Shares) and FNGU (MicroSectors FANG+ 3X Leveraged ETNs) are both Leveraged Equities funds - JDST tracks the MVIS Global Junior Gold Miners Index (-300%) while FNGU tracks the NYSE FANG+ Index (Gross Total Return) (300%). Both are passively managed. Over the past year, JDST returned -79.18% vs 13.50% for FNGU. Their -0.23 correlation means they have often moved in opposite directions in the past. JDST charges 1.10%/yr vs 2.60%/yr for FNGU.
Performance
JDST vs. FNGU - 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 FNGU's 5.54% 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%
FNGU
- 1D
- 5.13%
- 1M
- 0.64%
- 6M
- 18.28%
- YTD
- 5.54%
- 1Y
- 13.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.98%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $92.08M | $119.18M | $153.90M | |
| $11.95M | $13.83M | $18.78M |
JDST vs. FNGU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JDST Direxion Daily Junior Gold Miners Index Bear 2X Shares | -18.61% | -87.02% |
FNGU MicroSectors FANG+ 3X Leveraged ETNs | 5.54% | 3.02% |
Correlation
The correlation between JDST and FNGU is -0.34, 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. | -0.34 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025 | -0.23 |
The correlation between JDST and FNGU shifts across timeframes, from -0.34 (1 year) to -0.23 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JDST vs. FNGU — Risk / Return Rank
JDST
FNGU
JDST vs. FNGU - 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+ 3X Leveraged ETNs (FNGU). 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 | FNGU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -1.96 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.07 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | 0.07 | -0.97 |
| Martin ratioReturn relative to average drawdown | -1.10 | 0.16 | -1.26 |
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Drawdowns
JDST vs. FNGU - Drawdown Comparison
The maximum JDST drawdown since its inception was -100.00%, which is greater than FNGU's maximum drawdown of -61.30%. Use the drawdown chart below to compare losses from any high point for JDST and FNGU.
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Drawdown Indicators
| JDST | FNGU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -61.30% | -38.70% |
Max Drawdown (1Y)Largest decline over 1 year | -88.72% | -59.55% | -29.17% |
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% | -26.25% | -73.75% |
Average DrawdownAverage peak-to-trough decline | -95.35% | -22.61% | -72.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 72.79% | 26.68% | +46.11% |
Volatility
JDST vs. FNGU - Volatility Comparison
Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST) has a higher volatility of 30.04% compared to MicroSectors FANG+ 3X Leveraged ETNs (FNGU) at 17.87%. This indicates that JDST's price experiences larger fluctuations and is considered to be riskier than FNGU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JDST | FNGU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.04% | 17.87% | +12.17% |
Volatility (6M)Calculated over the trailing 6-month period | 86.12% | 53.81% | +32.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 106.73% | 65.86% | +40.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.80% | 79.67% | +3.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 103.95% | 79.67% | +24.28% |
JDST vs. FNGU - Expense Ratio Comparison
JDST has a 1.10% expense ratio, which is lower than FNGU's 2.60% expense ratio.
Dividends
JDST vs. FNGU - Dividend Comparison
JDST's dividend yield for the trailing twelve months is around 5.96%, while FNGU has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FNGU MicroSectors FANG+ 3X Leveraged ETNs | 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 | 5.96% | 15.08% | 6.50% | 4.81% | 0.00% | 0.00% | 11.75% | 3.16% | 0.57% |
Frequently Asked Questions
JDST and FNGU have a correlation of -0.34, 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 FNGU (17.87%). In terms of maximum drawdown, JDST dropped -100.00% vs FNGU's -61.30%.
On 1-year performance, FNGU leads with 13.50% vs -79.18% for JDST. On fees, JDST is cheaper at 1.10% per year. On volatility, FNGU has been the lower-risk option at 17.87%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FNGU has performed better with a 13.50% return vs -79.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JDST is cheaper with a 1.10% expense ratio, compared with 2.60% for FNGU.
JDST has the higher dividend yield at 5.96%, compared with 0.00% for FNGU.
JDST tracks MVIS Global Junior Gold Miners Index (-300%), while FNGU tracks NYSE FANG+ Index (Gross Total Return) (300%). They also come from different issuers: Direxion and BMO. Their fees differ too: 1.10% for JDST and 2.60% for FNGU.
FNGU currently has the higher Sharpe Ratio (0.07 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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