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 -78.52% vs 54.46% for MGNR. At a correlation of -0.68, they often move in opposite directions. 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 -22.39% return, which is significantly lower than MGNR's 13.14% return.
JDST
- 1D
- 10.10%
- 1M
- 10.16%
- YTD
- -22.39%
- 6M
- -14.59%
- 1Y
- -78.52%
- 3Y*
- -68.43%
- 5Y*
- -52.81%
- 10Y*
- -62.85%
MGNR
- 1D
- -2.79%
- 1M
- -6.56%
- YTD
- 13.14%
- 6M
- 11.53%
- 1Y
- 54.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JDST vs. MGNR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JDST Direxion Daily Junior Gold Miners Index Bear 2X Shares | -22.39% | -91.10% | -53.89% |
MGNR American Beacon GLG Natural Resources ETF | 13.14% | 50.57% | 22.90% |
Correlation
The correlation between JDST and MGNR is -0.76, 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 | -0.76 |
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 -0.76 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 | -3.00 | ||
| Sortino ratioReturn per unit of downside risk | -4.15 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.38 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | 4.42 | -5.31 |
| Martin ratioReturn relative to average drawdown | -1.16 | 15.21 | -16.37 |
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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 | -88.98% | -12.38% | -76.60% |
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% | -11.71% | -88.29% |
Average DrawdownAverage peak-to-trough decline | -95.31% | -3.95% | -91.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 67.97% | 3.59% | +64.38% |
Volatility
JDST vs. MGNR - Volatility Comparison
Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST) has a higher volatility of 39.08% compared to American Beacon GLG Natural Resources ETF (MGNR) at 9.30%. 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 | 39.08% | 9.30% | +29.78% |
Volatility (6M)Calculated over the trailing 6-month period | 85.69% | 19.28% | +66.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 103.81% | 24.46% | +79.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.06% | 25.32% | +56.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 104.94% | 25.32% | +79.62% |
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 10.36%, more than MGNR's 1.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
JDST Direxion Daily Junior Gold Miners Index Bear 2X Shares | 10.36% | 15.08% | 6.50% | 4.81% | 0.00% | 0.00% | 11.75% | 3.16% | 0.57% |
MGNR American Beacon GLG Natural Resources ETF | 1.19% | 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 -0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JDST has higher volatility (39.08%) compared to MGNR (9.30%). In terms of maximum drawdown, JDST dropped -100.00% vs MGNR's -22.06%.
On 1-year performance, MGNR leads with 54.46% vs -78.52% for JDST. On fees, MGNR is cheaper at 0.75% per year. On volatility, MGNR has been the lower-risk option at 9.30%. 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 54.46% return vs -78.52%. 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 10.36%, compared with 1.19% 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 (2.24 vs -0.76), 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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