JDST vs. MGNR
JDST (Direxion Daily Junior Gold Miners Index Bear 2X Shares) and MGNR (American Beacon GLG Natural Resources ETF) are both exchange-traded funds - JDST is a Leveraged Equities fund tracking the MVIS Global Junior Gold Miners Index (-300%), while MGNR is a Energy Equities fund actively managed by American Beacon. JDST is passively managed, while MGNR is actively managed. Over the past year, JDST returned -79.18% vs 50.92% for MGNR. Their -0.68 correlation means they have often moved in opposite directions in the past. JDST charges 1.10%/yr vs 0.75%/yr for MGNR.
Performance
JDST vs. MGNR - 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 MGNR's 11.03% 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%
MGNR
- 1D
- -0.83%
- 1M
- 0.98%
- 6M
- -0.03%
- YTD
- 11.03%
- 1Y
- 50.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 33.68%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $11.95M | $13.83M | $18.78M | |
| $4.07M | $4.59M | $4.62M |
JDST vs. MGNR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JDST Direxion Daily Junior Gold Miners Index Bear 2X Shares | -18.61% | -91.10% | -53.89% |
MGNR American Beacon GLG Natural Resources ETF | 11.03% | 50.57% | 22.90% |
Correlation
The correlation between JDST and MGNR is -0.78, 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. | -0.78 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2024 | -0.68 |
The correlation between JDST and MGNR has been stable across timeframes, ranging from -0.78 to -0.68 - a consistent structural relationship.
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Return for Risk
JDST vs. MGNR — Risk / Return Rank
JDST
MGNR
JDST vs. MGNR - 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 American Beacon GLG Natural Resources ETF (MGNR). 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 | MGNR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.72 | ||
| Sortino ratioReturn per unit of downside risk | -3.87 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.33 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | 3.19 | -4.09 |
| Martin ratioReturn relative to average drawdown | -1.10 | 8.51 | -9.62 |
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Drawdowns
JDST vs. MGNR - Drawdown Comparison
The maximum JDST drawdown since its inception was -100.00%, which is greater than MGNR's maximum drawdown of -22.06%. Use the drawdown chart below to compare losses from any high point for JDST and MGNR.
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Drawdown Indicators
| JDST | MGNR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -22.06% | -77.94% |
Max Drawdown (1Y)Largest decline over 1 year | -88.72% | -15.51% | -73.21% |
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% | -13.36% | -86.64% |
Average DrawdownAverage peak-to-trough decline | -95.35% | -4.38% | -90.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 72.79% | 5.80% | +66.99% |
Volatility
JDST vs. MGNR - Volatility Comparison
Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST) has a higher volatility of 30.04% compared to American Beacon GLG Natural Resources ETF (MGNR) at 6.60%. This indicates that JDST's price experiences larger fluctuations and is considered to be riskier than MGNR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JDST | MGNR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.04% | 6.60% | +23.44% |
Volatility (6M)Calculated over the trailing 6-month period | 86.12% | 19.68% | +66.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 106.73% | 25.03% | +81.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.80% | 25.20% | +57.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 103.95% | 25.20% | +78.75% |
JDST vs. MGNR - Expense Ratio Comparison
JDST has a 1.10% expense ratio, which is higher than MGNR's 0.75% expense ratio.
Dividends
JDST vs. MGNR - Dividend Comparison
JDST's dividend yield for the trailing twelve months is around 5.96%, more than MGNR's 0.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
MGNR American Beacon GLG Natural Resources ETF | 0.84% | 1.17% | 0.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JDST and MGNR have a correlation of -0.78, 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 MGNR (6.60%). In terms of maximum drawdown, JDST dropped -100.00% vs MGNR's -22.06%.
On 1-year performance, MGNR leads with 50.92% vs -79.18% for JDST. On fees, MGNR is cheaper at 0.75% per year. On volatility, MGNR has been the lower-risk option at 6.60%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MGNR has performed better with a 50.92% return vs -79.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MGNR is cheaper with a 0.75% expense ratio, compared with 1.10% for JDST.
JDST has the higher dividend yield at 5.96%, compared with 0.84% for MGNR.
JDST is categorized as Leveraged Equities, while MGNR is Energy Equities. They also come from different issuers: Direxion and American Beacon. Their fees differ too: 1.10% for JDST and 0.75% for MGNR.
MGNR currently has the higher Sharpe Ratio (1.98 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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