JDST vs. QQQE
JDST (Direxion Daily Junior Gold Miners Index Bear 2X Shares) and QQQE (Direxion NASDAQ-100 Equal Weighted Index Shares) are both exchange-traded funds - JDST is a Leveraged Equities fund tracking the MVIS Global Junior Gold Miners Index (-300%), while QQQE is a Nasdaq-100 fund tracking the NASDAQ-100 Equal Weighted Index. Both are passively managed. Over the past 10 years, JDST returned -60.14%/yr vs 14.91%/yr for QQQE. At a correlation of -0.17, they often move in opposite directions. JDST charges 1.10%/yr vs 0.35%/yr for QQQE.
Performance
JDST vs. QQQE - Performance Comparison
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Returns By Period
In the year-to-date period, JDST achieves a -11.58% return, which is significantly lower than QQQE's 16.12% return. Over the past 10 years, JDST has underperformed QQQE with an annualized return of -60.14%, while QQQE has yielded a comparatively higher 14.91% annualized return.
JDST
- 1D
- 8.02%
- 1M
- 44.58%
- 6M
- 11.81%
- YTD
- -11.58%
- 1Y
- -75.82%
- 3Y*
- -64.77%
- 5Y*
- -52.62%
- 10Y*
- -60.14%
QQQE
- 1D
- -0.26%
- 1M
- -1.61%
- 6M
- 13.70%
- YTD
- 16.12%
- 1Y
- 21.29%
- 3Y*
- 14.88%
- 5Y*
- 9.06%
- 10Y*
- 14.91%
JDST vs. QQQE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JDST Direxion Daily Junior Gold Miners Index Bear 2X Shares | -11.58% | -91.10% | -40.98% | -28.29% | -26.25% | 10.97% | -95.97% | -80.30% | -1.60% | -63.44% |
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 16.12% | 14.58% | 6.98% | 33.76% | -24.47% | 17.93% | 37.85% | 36.43% | -5.40% | 26.53% |
Correlation
The correlation between JDST and QQQE is -0.38, 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 | -0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.21 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2013 | -0.17 |
Over the past year, the inverse relationship between JDST and QQQE has strengthened: their correlation has moved from -0.17 to -0.38, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
JDST vs. QQQE — Risk / Return Rank
JDST
QQQE
JDST vs. QQQE - 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 NASDAQ-100 Equal Weighted Index Shares (QQQE). 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 | QQQE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.07 | ||
| Sortino ratioReturn per unit of downside risk | -3.10 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.24 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | 2.27 | -3.13 |
| Martin ratioReturn relative to average drawdown | -1.07 | 7.47 | -8.54 |
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Drawdowns
JDST vs. QQQE - Drawdown Comparison
The maximum JDST drawdown since its inception was -100.00%, which is greater than QQQE's maximum drawdown of -32.14%. Use the drawdown chart below to compare losses from any high point for JDST and QQQE.
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Drawdown Indicators
| JDST | QQQE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -32.14% | -67.86% |
Max Drawdown (1Y)Largest decline over 1 year | -88.98% | -9.41% | -79.57% |
Max Drawdown (3Y)Largest decline over 3 years | -98.58% | -21.38% | -77.20% |
Max Drawdown (5Y)Largest decline over 5 years | -99.28% | -32.14% | -67.14% |
Max Drawdown (10Y)Largest decline over 10 years | -100.00% | -32.14% | -67.86% |
Current DrawdownCurrent decline from peak | -100.00% | -3.35% | -96.65% |
Average DrawdownAverage peak-to-trough decline | -95.34% | -5.14% | -90.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 70.86% | 2.86% | +68.00% |
Volatility
JDST vs. QQQE - Volatility Comparison
Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST) has a higher volatility of 27.44% compared to Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) at 4.96%. This indicates that JDST's price experiences larger fluctuations and is considered to be riskier than QQQE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JDST | QQQE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.44% | 4.96% | +22.48% |
Volatility (6M)Calculated over the trailing 6-month period | 86.35% | 12.91% | +73.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 105.68% | 15.82% | +89.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.52% | 20.58% | +61.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 104.51% | 20.74% | +83.77% |
JDST vs. QQQE - Expense Ratio Comparison
JDST has a 1.10% expense ratio, which is higher than QQQE's 0.35% expense ratio.
Dividends
JDST vs. QQQE - Dividend Comparison
JDST's dividend yield for the trailing twelve months is around 5.48%, more than QQQE's 0.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JDST Direxion Daily Junior Gold Miners Index Bear 2X Shares | 5.48% | 15.08% | 6.50% | 4.81% | 0.00% | 0.00% | 11.75% | 3.16% | 0.57% | 0.00% | 0.00% | 0.00% |
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 0.57% | 0.52% | 0.86% | 0.79% | 0.98% | 3.83% | 0.54% | 0.74% | 0.80% | 0.65% | 1.17% | 0.57% |
Frequently Asked Questions
JDST and QQQE have a correlation of -0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JDST has higher volatility (27.44%) compared to QQQE (4.96%). In terms of maximum drawdown, JDST dropped -100.00% vs QQQE's -32.14%.
On 10-year performance, QQQE leads with 14.91% vs -60.14% for JDST. On fees, QQQE is cheaper at 0.35% per year. On volatility, QQQE has been the lower-risk option at 4.96%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, QQQE has performed better with a 14.91% return vs -60.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQE is cheaper with a 0.35% expense ratio, compared with 1.10% for JDST.
JDST has the higher dividend yield at 5.48%, compared with 0.57% for QQQE.
JDST is categorized as Leveraged Equities, while QQQE is Nasdaq-100. JDST tracks MVIS Global Junior Gold Miners Index (-300%), while QQQE tracks NASDAQ-100 Equal Weighted Index. Their fees differ too: 1.10% for JDST and 0.35% for QQQE.
QQQE currently has the higher Sharpe Ratio (1.35 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.
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