JDST vs. GMOM
JDST (Direxion Daily Junior Gold Miners Index Bear 2X Shares) and GMOM (Cambria Global Momentum ETF) are both exchange-traded funds - JDST is a Leveraged Equities fund tracking the MVIS Global Junior Gold Miners Index (-300%), while GMOM is a Momentum fund actively managed by Cambria. JDST is passively managed, while GMOM is actively managed. Over the past 10 years, JDST returned -62.65%/yr vs 7.06%/yr for GMOM. At a correlation of -0.36, they often move in opposite directions. JDST charges 1.10%/yr vs 0.96%/yr for GMOM.
Performance
JDST vs. GMOM - Performance Comparison
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Returns By Period
In the year-to-date period, JDST achieves a -18.35% return, which is significantly lower than GMOM's 5.91% return. Over the past 10 years, JDST has underperformed GMOM with an annualized return of -62.65%, while GMOM has yielded a comparatively higher 7.06% annualized return.
JDST
- 1D
- -3.73%
- 1M
- 27.08%
- YTD
- -18.35%
- 6M
- -11.63%
- 1Y
- -78.25%
- 3Y*
- -67.67%
- 5Y*
- -52.48%
- 10Y*
- -62.65%
GMOM
- 1D
- 0.61%
- 1M
- -4.96%
- YTD
- 5.91%
- 6M
- 4.60%
- 1Y
- 21.97%
- 3Y*
- 11.69%
- 5Y*
- 6.15%
- 10Y*
- 7.06%
JDST vs. GMOM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JDST Direxion Daily Junior Gold Miners Index Bear 2X Shares | -18.35% | -91.10% | -40.98% | -28.29% | -26.25% | 10.97% | -95.97% | -80.30% | -1.60% | -63.44% |
GMOM Cambria Global Momentum ETF | 5.91% | 20.63% | 6.75% | 0.65% | -2.82% | 19.13% | 2.42% | 8.24% | -9.61% | 20.67% |
Correlation
The correlation between JDST and GMOM is -0.73, 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 | -0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.41 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2014 | -0.36 |
Over the past year, the inverse relationship between JDST and GMOM has strengthened: their correlation has moved from -0.36 to -0.73, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
JDST vs. GMOM — Risk / Return Rank
JDST
GMOM
JDST vs. GMOM - 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 Cambria Global Momentum ETF (GMOM). 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 | GMOM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.27 | ||
| Sortino ratioReturn per unit of downside risk | -3.45 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.28 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | 2.31 | -3.19 |
| Martin ratioReturn relative to average drawdown | -1.14 | 8.13 | -9.27 |
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Drawdowns
JDST vs. GMOM - Drawdown Comparison
The maximum JDST drawdown since its inception was -100.00%, which is greater than GMOM's maximum drawdown of -25.03%. Use the drawdown chart below to compare losses from any high point for JDST and GMOM.
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Drawdown Indicators
| JDST | GMOM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -25.03% | -74.97% |
Max Drawdown (1Y)Largest decline over 1 year | -88.98% | -9.57% | -79.41% |
Max Drawdown (3Y)Largest decline over 3 years | -98.58% | -13.73% | -84.85% |
Max Drawdown (5Y)Largest decline over 5 years | -99.28% | -19.16% | -80.12% |
Max Drawdown (10Y)Largest decline over 10 years | -100.00% | -25.03% | -74.97% |
Current DrawdownCurrent decline from peak | -100.00% | -7.04% | -92.96% |
Average DrawdownAverage peak-to-trough decline | -95.32% | -7.79% | -87.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 68.33% | 2.71% | +65.62% |
Volatility
JDST vs. GMOM - Volatility Comparison
Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST) has a higher volatility of 38.90% compared to Cambria Global Momentum ETF (GMOM) at 5.26%. This indicates that JDST's price experiences larger fluctuations and is considered to be riskier than GMOM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JDST | GMOM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 38.90% | 5.26% | +33.64% |
Volatility (6M)Calculated over the trailing 6-month period | 85.63% | 12.11% | +73.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 104.22% | 14.49% | +89.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.19% | 14.50% | +67.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 104.95% | 12.91% | +92.04% |
JDST vs. GMOM - Expense Ratio Comparison
JDST has a 1.10% expense ratio, which is higher than GMOM's 0.96% expense ratio.
Dividends
JDST vs. GMOM - Dividend Comparison
JDST's dividend yield for the trailing twelve months is around 5.94%, more than GMOM's 1.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GMOM Cambria Global Momentum ETF | 1.54% | 3.01% | 2.16% | 3.63% | 2.52% | 3.42% | 1.24% | 2.60% | 1.90% | 2.05% | 1.77% | 1.88% |
JDST Direxion Daily Junior Gold Miners Index Bear 2X Shares | 5.94% | 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 GMOM have a correlation of -0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JDST has higher volatility (38.90%) compared to GMOM (5.26%). In terms of maximum drawdown, JDST dropped -100.00% vs GMOM's -25.03%.
On 10-year performance, GMOM leads with 7.06% vs -62.65% for JDST. On fees, GMOM is cheaper at 0.96% per year. On volatility, GMOM has been the lower-risk option at 5.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, GMOM has performed better with a 7.06% return vs -62.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GMOM is cheaper with a 0.96% expense ratio, compared with 1.10% for JDST.
JDST has the higher dividend yield at 5.94%, compared with 1.54% for GMOM.
JDST is categorized as Leveraged Equities, while GMOM is Momentum. They also come from different issuers: Direxion and Cambria. Their fees differ too: 1.10% for JDST and 0.96% for GMOM.
GMOM currently has the higher Sharpe Ratio (1.52 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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