JDST vs. JNUG
JDST (Direxion Daily Junior Gold Miners Index Bear 2X Shares) and JNUG (Direxion Daily Junior Gold Miners Index Bull 2X ETF) are both exchange-traded funds - JDST is a Leveraged Equities fund tracking the MVIS Global Junior Gold Miners Index (-300%), while JNUG is a Gold fund tracking the MVIS Global Junior Gold Miners Index (200%). Both are passively managed. Over the past 10 years, JDST returned -59.50%/yr vs -32.42%/yr for JNUG. Their -1.00 correlation means they have often moved in opposite directions in the past. JDST charges 1.10%/yr vs 1.03%/yr for JNUG.
Performance
JDST vs. JNUG - Performance Comparison
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Returns By Period
In the year-to-date period, JDST achieves a -18.61% return, which is significantly higher than JNUG's -45.63% return. Over the past 10 years, JDST has underperformed JNUG with an annualized return of -59.50%, while JNUG has yielded a comparatively higher -32.42% annualized 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%
JNUG
- 1D
- -7.15%
- 1M
- -15.90%
- 6M
- -52.25%
- YTD
- -45.63%
- 1Y
- 55.90%
- 3Y*
- 52.37%
- 5Y*
- 8.91%
- 10Y*
- -32.42%
- ALL TIME*
- -36.14%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $11.95M | $13.83M | $18.78M | |
| $33.40M | $38.00M | $44.93M |
JDST vs. JNUG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JDST Direxion Daily Junior Gold Miners Index Bear 2X Shares | -18.61% | -91.10% | -40.98% | -28.29% | -26.25% | 10.97% | -95.97% | -80.30% | -1.60% | -63.44% |
JNUG Direxion Daily Junior Gold Miners Index Bull 2X ETF | -45.63% | 478.59% | 9.96% | -4.79% | -43.60% | -46.61% | -85.51% | 82.43% | -48.11% | -20.18% |
Correlation
The correlation between JDST and JNUG is -1.00, 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. | -1.00 |
Correlation (3Y) Balances recent behavior with more history. | -1.00 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -1.00 |
Correlation (10Y) Provides a long-term view across more market conditions. | -1.00 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2013 | -1.00 |
The correlation between JDST and JNUG has been stable across timeframes, ranging from -1.00 to -1.00 - a consistent structural relationship.
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Return for Risk
JDST vs. JNUG — Risk / Return Rank
JDST
JNUG
JDST vs. JNUG - 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 Direxion Daily Junior Gold Miners Index Bull 2X ETF (JNUG). 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 | JNUG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -2.77 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.18 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | 0.85 | -1.75 |
| Martin ratioReturn relative to average drawdown | -1.10 | 1.67 | -2.77 |
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Drawdowns
JDST vs. JNUG - Drawdown Comparison
The maximum JDST drawdown since its inception was -100.00%, roughly equal to the maximum JNUG drawdown of -99.95%. Use the drawdown chart below to compare losses from any high point for JDST and JNUG.
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Drawdown Indicators
| JDST | JNUG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -99.95% | -0.05% |
Max Drawdown (1Y)Largest decline over 1 year | -88.72% | -70.58% | -18.14% |
Max Drawdown (3Y)Largest decline over 3 years | -98.58% | -70.58% | -28.00% |
Max Drawdown (5Y)Largest decline over 5 years | -99.28% | -76.67% | -22.61% |
Max Drawdown (10Y)Largest decline over 10 years | -100.00% | -99.66% | -0.34% |
Current DrawdownCurrent decline from peak | -100.00% | -99.70% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -95.35% | -93.93% | -1.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 72.79% | 35.99% | +36.80% |
Volatility
JDST vs. JNUG - Volatility Comparison
Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST) and Direxion Daily Junior Gold Miners Index Bull 2X ETF (JNUG) have volatilities of 30.04% and 29.49%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JDST | JNUG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.04% | 29.49% | +0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 86.12% | 90.25% | -4.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 106.73% | 107.20% | -0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.80% | 82.38% | +0.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 103.95% | 105.73% | -1.78% |
JDST vs. JNUG - Expense Ratio Comparison
JDST has a 1.10% expense ratio, which is higher than JNUG's 1.03% expense ratio.
Dividends
JDST vs. JNUG - Dividend Comparison
JDST's dividend yield for the trailing twelve months is around 5.96%, more than JNUG's 2.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
JNUG Direxion Daily Junior Gold Miners Index Bull 2X ETF | 2.62% | 1.04% | 2.01% | 1.62% | 0.00% | 0.52% | 0.10% | 0.46% | 0.06% | 0.51% |
Frequently Asked Questions
JDST and JNUG have a correlation of -1.00, 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 JNUG (29.49%). In terms of maximum drawdown, JDST dropped -100.00% vs JNUG's -99.95%.
On 10-year performance, JNUG leads with -32.42% vs -59.50% for JDST. On fees, JNUG is cheaper at 1.03% per year. On volatility, JNUG has been the lower-risk option at 29.49%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, JNUG has performed better with a -32.42% return vs -59.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JNUG is cheaper with a 1.03% expense ratio, compared with 1.10% for JDST.
JDST has the higher dividend yield at 5.96%, compared with 2.62% for JNUG.
JDST is categorized as Leveraged Equities, while JNUG is Gold. JDST tracks MVIS Global Junior Gold Miners Index (-300%), while JNUG tracks MVIS Global Junior Gold Miners Index (200%). Their fees differ too: 1.10% for JDST and 1.03% for JNUG.
JNUG currently has the higher Sharpe Ratio (0.56 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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