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 -75.99% vs 17.37% for FNGU. At a correlation of -0.21, they often move in opposite directions. JDST charges 1.10%/yr vs 2.60%/yr for FNGU.
Performance
JDST vs. FNGU - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, JDST achieves a -15.75% return, which is significantly lower than FNGU's 10.45% return.
JDST
- 1D
- 7.16%
- 1M
- 12.73%
- 6M
- 5.01%
- YTD
- -15.75%
- 1Y
- -75.99%
- 3Y*
- -65.43%
- 5Y*
- -52.35%
- 10Y*
- -60.31%
FNGU
- 1D
- -2.58%
- 1M
- 6.25%
- 6M
- 10.67%
- YTD
- 10.45%
- 1Y
- 17.37%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JDST vs. FNGU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JDST Direxion Daily Junior Gold Miners Index Bear 2X Shares | -15.75% | -87.02% |
FNGU MicroSectors FANG+ 3X Leveraged ETNs | 10.45% | 3.02% |
Correlation
The correlation between JDST and FNGU is -0.31, 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 | -0.31 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025 | -0.21 |
The correlation between JDST and FNGU shifts across timeframes, from -0.31 (1 year) to -0.21 (all time), 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. 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 | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -2.04 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.10 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | 0.29 | -1.15 |
| Martin ratioReturn relative to average drawdown | -1.08 | 0.67 | -1.75 |
Loading charts...
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.
Loading charts...
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 | -88.98% | -59.55% | -29.43% |
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% | -22.82% | -77.18% |
Average DrawdownAverage peak-to-trough decline | -95.33% | -22.44% | -72.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 70.33% | 25.91% | +44.42% |
Volatility
JDST vs. FNGU - Volatility Comparison
Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST) has a higher volatility of 34.78% compared to MicroSectors FANG+ 3X Leveraged ETNs (FNGU) at 23.90%. 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.
Loading charts...
Volatility by Period
| JDST | FNGU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 34.78% | 23.90% | +10.88% |
Volatility (6M)Calculated over the trailing 6-month period | 86.06% | 52.70% | +33.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 105.38% | 64.20% | +41.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.47% | 80.03% | +2.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 104.51% | 80.03% | +24.48% |
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 5.76%, 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 | 5.76% | 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 -0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JDST has higher volatility (34.78%) compared to FNGU (23.90%). In terms of maximum drawdown, JDST dropped -100.00% vs FNGU's -61.30%.
On 1-year performance, FNGU leads with 17.37% vs -75.99% for JDST. On fees, JDST is cheaper at 1.10% per year. On volatility, FNGU has been the lower-risk option at 23.90%. 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 17.37% return vs -75.99%. 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 5.76%, 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 Bank of Montreal. Their fees differ too: 1.10% for JDST and 2.60% for FNGU.
FNGU currently has the higher Sharpe Ratio (0.27 vs -0.72), 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 FNGU
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