JDST vs. MUU

Last updated Jul 14, 2026

JDST (Direxion Daily Junior Gold Miners Index Bear 2X Shares) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds from Direxion - JDST tracks the MVIS Global Junior Gold Miners Index (-300%) while MUU tracks the Micron Technology, Inc. (200% Daily). Both are passively managed. Over the past year, JDST returned -75.99% vs 2796.55% for MUU. At a correlation of -0.22, they often move in opposite directions. JDST charges 1.10%/yr vs 1.01%/yr for MUU.

Performance

JDST vs. MUU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST) and Direxion Daily MU Bull 2X Shares (MUU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JDST achieves a -15.75% return, which is significantly lower than MUU's 575.80% return.

JDST

• 1D: 7.16%
• 1M: 12.73%
• 6M: 5.01%
• YTD: -15.75%
• 1Y: -75.99%
• 3Y*: -65.43%
• 5Y*: -52.35%
• 10Y*: -60.31%

MUU

• 1D: -9.01%
• 1M: -18.36%
• 6M: 372.65%
• YTD: 575.80%
• 1Y: 2,796.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JDST vs. MUU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JDST Direxion Daily Junior Gold Miners Index Bear 2X Shares	-15.75%	-91.10%	11.26%
MUU Direxion Daily MU Bull 2X Shares	575.80%	599.03%	-40.91%

Correlation

The correlation between JDST and MUU is -0.26, 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	-0.26
Correlation (All Time) Calculated using the full available price history since Oct 10, 2024	-0.22

Return for Risk

JDST vs. MUU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JDST

JDST Risk / Return Rank: 3
JDST Sharpe Ratio Rank: 3
JDST Sortino Ratio Rank: 3
JDST Omega Ratio Rank: 3
JDST Calmar Ratio Rank: 2
JDST Martin Ratio Rank: 4

MUU

MUU Risk / Return Rank: 99
MUU Sharpe Ratio Rank: 100
MUU Sortino Ratio Rank: 97
MUU Omega Ratio Rank: 96
MUU Calmar Ratio Rank: 100
MUU Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JDST vs. MUU - 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 MU Bull 2X Shares (MUU). 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	MUU	Difference
Sharpe ratio: Return per unit of total volatility	-0.72	23.95	-24.68
Sortino ratio: Return per unit of downside risk	-1.23	5.62	-6.85
Omega ratio: Gain probability vs. loss probability	0.87	1.69	-0.83
Calmar ratio: Return relative to maximum drawdown	-0.86	66.09	-66.95
Martin ratio: Return relative to average drawdown	-1.08	221.31	-222.39

JDST vs. MUU - Sharpe Ratio Comparison

The current JDST Sharpe Ratio is -0.72, which is lower than the MUU Sharpe Ratio of 23.95. The chart below compares the historical Sharpe Ratios of JDST and MUU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JDST vs. MUU - Drawdown Comparison

The maximum JDST drawdown since its inception was -100.00%, which is greater than MUU's maximum drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for JDST and MUU.

Drawdown Indicators

	JDST	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-75.07%	-24.93%
Max Drawdown (1Y) Largest decline over 1 year	-88.98%	-52.72%	-36.26%
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 Drawdown Current decline from peak	-100.00%	-36.32%	-63.68%
Average Drawdown Average peak-to-trough decline	-95.33%	-23.43%	-71.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	70.33%	16.57%	+53.76%

Volatility

JDST vs. MUU - Volatility Comparison

The current volatility for Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST) is 34.78%, while Direxion Daily MU Bull 2X Shares (MUU) has a volatility of 67.81%. This indicates that JDST experiences smaller price fluctuations and is considered to be less risky than MUU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JDST	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	34.78%	67.81%	-33.03%
Volatility (6M) Calculated over the trailing 6-month period	86.06%	116.35%	-30.29%
Volatility (1Y) Calculated over the trailing 1-year period	105.38%	145.78%	-40.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	82.47%	138.10%	-55.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	104.51%	138.10%	-33.59%

JDST vs. MUU - Expense Ratio Comparison

JDST has a 1.10% expense ratio, which is higher than MUU's 1.01% expense ratio.

Dividends

JDST vs. MUU - Dividend Comparison

JDST's dividend yield for the trailing twelve months is around 5.76%, more than MUU's 0.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
JDST Direxion Daily Junior Gold Miners Index Bear 2X Shares	5.76%	15.08%	6.50%	4.81%	0.00%	0.00%	11.75%	3.16%	0.57%
MUU Direxion Daily MU Bull 2X Shares	0.70%	4.27%	0.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JDST and MUU in my portfolio?

JDST and MUU 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.

Which is riskier, JDST or MUU?

MUU has higher volatility (67.81%) compared to JDST (34.78%). In terms of maximum drawdown, JDST dropped -100.00% vs MUU's -75.07%.

Which ETF is better, JDST or MUU?

On 1-year performance, MUU leads with 2796.55% vs -75.99% for JDST. On fees, MUU is cheaper at 1.01% per year. On volatility, JDST has been the lower-risk option at 34.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JDST or MUU?

Over the 1-year period, MUU has performed better with a 2796.55% return vs -75.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JDST or MUU?

MUU is cheaper with a 1.01% expense ratio, compared with 1.10% for JDST.

Which ETF pays a higher dividend yield, JDST or MUU?

JDST has the higher dividend yield at 5.76%, compared with 0.70% for MUU.

What is the main difference between JDST and MUU?

JDST tracks MVIS Global Junior Gold Miners Index (-300%), while MUU tracks Micron Technology, Inc. (200% Daily). Their fees differ too: 1.10% for JDST and 1.01% for MUU.

Which has better risk-adjusted returns?

MUU currently has the higher Sharpe Ratio (23.95 vs -0.72), 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.