JDST vs. IFED
JDST (Direxion Daily Junior Gold Miners Index Bear 2X Shares) and IFED (ETRACS IFED Invest with the Fed TR Index ETN) are both Leveraged Equities funds - JDST tracks the MVIS Global Junior Gold Miners Index (-300%) while IFED tracks the IFED Large-Cap US Equity Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, JDST returned -66.93%/yr vs 18.74%/yr for IFED. Their -0.28 correlation means they have often moved in opposite directions in the past. JDST charges 1.10%/yr vs 0.45%/yr for IFED.
Performance
JDST vs. IFED - 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 IFED's 10.03% 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%
IFED
- 1D
- 0.00%
- 1M
- 13.92%
- 6M
- 14.63%
- YTD
- 10.03%
- 1Y
- 14.76%
- 3Y*
- 18.74%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 15.40%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $159.79K | $83.84K | $44.71K | |
| $11.95M | $13.83M | $18.78M |
JDST vs. IFED - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
JDST Direxion Daily Junior Gold Miners Index Bear 2X Shares | -18.61% | -91.10% | -40.98% | -28.29% | -26.25% | -7.52% |
IFED ETRACS IFED Invest with the Fed TR Index ETN | 10.03% | 15.02% | 23.04% | 20.78% | -1.46% | 8.46% |
Correlation
The correlation between JDST and IFED is -0.26, 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. | -0.26 |
Correlation (3Y) Balances recent behavior with more history. | -0.22 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2021 | -0.28 |
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Return for Risk
JDST vs. IFED — Risk / Return Rank
JDST
IFED
JDST vs. IFED - 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 ETRACS IFED Invest with the Fed TR Index ETN (IFED). 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 | IFED | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -2.24 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.14 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | 0.64 | -1.54 |
| Martin ratioReturn relative to average drawdown | -1.10 | 2.01 | -3.11 |
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Drawdowns
JDST vs. IFED - Drawdown Comparison
The maximum JDST drawdown since its inception was -100.00%, which is greater than IFED's maximum drawdown of -22.36%. Use the drawdown chart below to compare losses from any high point for JDST and IFED.
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Drawdown Indicators
| JDST | IFED | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -22.36% | -77.64% |
Max Drawdown (1Y)Largest decline over 1 year | -88.72% | -20.18% | -68.54% |
Max Drawdown (3Y)Largest decline over 3 years | -98.58% | -22.36% | -76.22% |
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% | -7.61% | -92.39% |
Average DrawdownAverage peak-to-trough decline | -95.35% | -5.85% | -89.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 72.79% | 6.43% | +66.36% |
Volatility
JDST vs. IFED - Volatility Comparison
Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST) has a higher volatility of 30.04% compared to ETRACS IFED Invest with the Fed TR Index ETN (IFED) at 24.07%. This indicates that JDST's price experiences larger fluctuations and is considered to be riskier than IFED based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JDST | IFED | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.04% | 24.07% | +5.97% |
Volatility (6M)Calculated over the trailing 6-month period | 86.12% | 27.96% | +58.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 106.73% | 29.34% | +77.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.80% | 22.56% | +60.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 103.95% | 22.56% | +81.39% |
JDST vs. IFED - Expense Ratio Comparison
JDST has a 1.10% expense ratio, which is higher than IFED's 0.45% expense ratio.
Dividends
JDST vs. IFED - Dividend Comparison
JDST's dividend yield for the trailing twelve months is around 5.96%, while IFED has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IFED ETRACS IFED Invest with the Fed TR Index 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 | 5.96% | 15.08% | 6.50% | 4.81% | 0.00% | 0.00% | 11.75% | 3.16% | 0.57% |
Frequently Asked Questions
JDST and IFED have a correlation of -0.26, 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 IFED (24.07%). In terms of maximum drawdown, JDST dropped -100.00% vs IFED's -22.36%.
On 3-year performance, IFED leads with 18.74% vs -66.93% for JDST. On fees, IFED is cheaper at 0.45% per year. On volatility, IFED has been the lower-risk option at 24.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IFED has performed better with a 18.74% return vs -66.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IFED is cheaper with a 0.45% expense ratio, compared with 1.10% for JDST.
JDST has the higher dividend yield at 5.96%, compared with 0.00% for IFED.
JDST tracks MVIS Global Junior Gold Miners Index (-300%), while IFED tracks IFED Large-Cap US Equity Index - Benchmark TR Gross. They also come from different issuers: Direxion and UBS. Their fees differ too: 1.10% for JDST and 0.45% for IFED.
IFED currently has the higher Sharpe Ratio (0.44 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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