JDST vs. SGOL
JDST (Direxion Daily Junior Gold Miners Index Bear 2X Shares) and SGOL (abrdn Physical Gold Shares ETF) are both exchange-traded funds - JDST is a Leveraged Equities fund tracking the MVIS Global Junior Gold Miners Index (-300%), while SGOL is a Gold fund tracking the LBMA Gold Price PM ($/ozt). Both are passively managed. Over the past 10 years, JDST returned -60.31%/yr vs 11.42%/yr for SGOL. At a correlation of -0.74, they often move in opposite directions. JDST charges 1.10%/yr vs 0.17%/yr for SGOL.
Performance
JDST vs. SGOL - Performance Comparison
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Returns By Period
In the year-to-date period, JDST achieves a -15.75% return, which is significantly lower than SGOL's -7.25% return. Over the past 10 years, JDST has underperformed SGOL with an annualized return of -60.31%, while SGOL has yielded a comparatively higher 11.42% annualized 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%
SGOL
- 1D
- -2.61%
- 1M
- -4.99%
- 6M
- -12.97%
- YTD
- -7.25%
- 1Y
- 19.03%
- 3Y*
- 26.77%
- 5Y*
- 16.77%
- 10Y*
- 11.42%
JDST vs. SGOL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JDST Direxion Daily Junior Gold Miners Index Bear 2X Shares | -15.75% | -91.10% | -40.98% | -28.29% | -26.25% | 10.97% | -95.97% | -80.30% | -1.60% | -63.44% |
SGOL abrdn Physical Gold Shares ETF | -7.25% | 63.99% | 26.90% | 12.99% | -0.51% | -3.94% | 25.03% | 18.21% | -1.94% | 12.86% |
Correlation
The correlation between JDST and SGOL is -0.81, 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 | -0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.75 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2013 | -0.74 |
The correlation between JDST and SGOL has been stable across timeframes, ranging from -0.81 to -0.74 - a consistent structural relationship.
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Return for Risk
JDST vs. SGOL — Risk / Return Rank
JDST
SGOL
JDST vs. SGOL - 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 abrdn Physical Gold Shares ETF (SGOL). 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 | SGOL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.42 | ||
| Sortino ratioReturn per unit of downside risk | -2.26 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.15 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | 0.73 | -1.59 |
| Martin ratioReturn relative to average drawdown | -1.08 | 1.79 | -2.87 |
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Drawdowns
JDST vs. SGOL - Drawdown Comparison
The maximum JDST drawdown since its inception was -100.00%, which is greater than SGOL's maximum drawdown of -45.51%. Use the drawdown chart below to compare losses from any high point for JDST and SGOL.
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Drawdown Indicators
| JDST | SGOL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -45.51% | -54.49% |
Max Drawdown (1Y)Largest decline over 1 year | -88.98% | -26.16% | -62.82% |
Max Drawdown (3Y)Largest decline over 3 years | -98.58% | -26.16% | -72.42% |
Max Drawdown (5Y)Largest decline over 5 years | -99.28% | -26.16% | -73.12% |
Max Drawdown (10Y)Largest decline over 10 years | -100.00% | -26.16% | -73.84% |
Current DrawdownCurrent decline from peak | -100.00% | -25.89% | -74.11% |
Average DrawdownAverage peak-to-trough decline | -95.33% | -18.44% | -76.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 70.33% | 10.65% | +59.68% |
Volatility
JDST vs. SGOL - Volatility Comparison
Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST) has a higher volatility of 34.78% compared to abrdn Physical Gold Shares ETF (SGOL) at 7.56%. This indicates that JDST's price experiences larger fluctuations and is considered to be riskier than SGOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JDST | SGOL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 34.78% | 7.56% | +27.22% |
Volatility (6M)Calculated over the trailing 6-month period | 86.06% | 23.95% | +62.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 105.38% | 27.67% | +77.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.47% | 18.28% | +64.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 104.51% | 16.06% | +88.45% |
JDST vs. SGOL - Expense Ratio Comparison
JDST has a 1.10% expense ratio, which is higher than SGOL's 0.17% expense ratio.
Dividends
JDST vs. SGOL - Dividend Comparison
JDST's dividend yield for the trailing twelve months is around 5.76%, while SGOL has not paid dividends to shareholders.
| 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% |
SGOL abrdn Physical Gold Shares ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JDST and SGOL have a correlation of -0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JDST has higher volatility (34.78%) compared to SGOL (7.56%). In terms of maximum drawdown, JDST dropped -100.00% vs SGOL's -45.51%.
On 10-year performance, SGOL leads with 11.42% vs -60.31% for JDST. On fees, SGOL is cheaper at 0.17% per year. On volatility, SGOL has been the lower-risk option at 7.56%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SGOL has performed better with a 11.42% return vs -60.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SGOL is cheaper with a 0.17% expense ratio, compared with 1.10% for JDST.
JDST has the higher dividend yield at 5.76%, compared with 0.00% for SGOL.
JDST is categorized as Leveraged Equities, while SGOL is Gold. JDST tracks MVIS Global Junior Gold Miners Index (-300%), while SGOL tracks LBMA Gold Price PM ($/ozt). They also come from different issuers: Direxion and abrdn. Their fees differ too: 1.10% for JDST and 0.17% for SGOL.
SGOL currently has the higher Sharpe Ratio (0.69 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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