JDST vs. SOXL
JDST (Direxion Daily Junior Gold Miners Index Bear 2X Shares) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both Leveraged Equities funds from Direxion - JDST tracks the MVIS Global Junior Gold Miners Index (-300%) while SOXL tracks the ICE Semiconductor Index. Both are passively managed. Over the past 10 years, JDST returned -60.14%/yr vs 53.10%/yr for SOXL. At a correlation of -0.14, they often move in opposite directions. JDST charges 1.10%/yr vs 0.75%/yr for SOXL.
Performance
JDST vs. SOXL - 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 SOXL's 239.00% return. Over the past 10 years, JDST has underperformed SOXL with an annualized return of -60.14%, while SOXL has yielded a comparatively higher 53.10% 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%
SOXL
- 1D
- -13.94%
- 1M
- -37.01%
- 6M
- 145.32%
- YTD
- 239.00%
- 1Y
- 427.27%
- 3Y*
- 72.95%
- 5Y*
- 31.92%
- 10Y*
- 53.10%
JDST vs. SOXL - 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% |
SOXL Direxion Daily Semiconductor Bull 3X ETF | 239.00% | 54.91% | -12.31% | 226.98% | -85.66% | 118.84% | 70.04% | 231.83% | -39.07% | 141.71% |
Correlation
The correlation between JDST and SOXL is -0.35, 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 | -0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.17 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2013 | -0.14 |
Over the past year, the inverse relationship between JDST and SOXL has strengthened: their correlation has moved from -0.14 to -0.35, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
JDST vs. SOXL — Risk / Return Rank
JDST
SOXL
JDST vs. SOXL - 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 Semiconductor Bull 3X ETF (SOXL). 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 | SOXL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.17 | ||
| Sortino ratioReturn per unit of downside risk | -4.10 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.40 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | 8.19 | -9.04 |
| Martin ratioReturn relative to average drawdown | -1.07 | 26.43 | -27.50 |
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Drawdowns
JDST vs. SOXL - Drawdown Comparison
The maximum JDST drawdown since its inception was -100.00%, which is greater than SOXL's maximum drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for JDST and SOXL.
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Drawdown Indicators
| JDST | SOXL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -90.46% | -9.54% |
Max Drawdown (1Y)Largest decline over 1 year | -88.98% | -52.63% | -36.35% |
Max Drawdown (3Y)Largest decline over 3 years | -98.58% | -87.88% | -10.70% |
Max Drawdown (5Y)Largest decline over 5 years | -99.28% | -90.46% | -8.82% |
Max Drawdown (10Y)Largest decline over 10 years | -100.00% | -90.46% | -9.54% |
Current DrawdownCurrent decline from peak | -100.00% | -52.63% | -47.37% |
Average DrawdownAverage peak-to-trough decline | -95.34% | -34.95% | -60.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 70.86% | 16.27% | +54.59% |
Volatility
JDST vs. SOXL - Volatility Comparison
The current volatility for Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST) is 27.44%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 60.71%. This indicates that JDST experiences smaller price fluctuations and is considered to be less risky than SOXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JDST | SOXL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.44% | 60.71% | -33.27% |
Volatility (6M)Calculated over the trailing 6-month period | 86.35% | 109.63% | -23.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 105.68% | 124.91% | -19.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.52% | 112.01% | -29.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 104.51% | 101.43% | +3.08% |
JDST vs. SOXL - Expense Ratio Comparison
JDST has a 1.10% expense ratio, which is higher than SOXL's 0.75% expense ratio.
Dividends
JDST vs. SOXL - Dividend Comparison
JDST's dividend yield for the trailing twelve months is around 5.48%, more than SOXL's 0.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SOXL Direxion Daily Semiconductor Bull 3X ETF | 0.01% | 0.34% | 1.18% | 0.51% | 1.07% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% |
Frequently Asked Questions
JDST and SOXL have a correlation of -0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXL has higher volatility (60.71%) compared to JDST (27.44%). In terms of maximum drawdown, JDST dropped -100.00% vs SOXL's -90.46%.
On 10-year performance, SOXL leads with 53.10% vs -60.14% for JDST. On fees, SOXL is cheaper at 0.75% per year. On volatility, JDST has been the lower-risk option at 27.44%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SOXL has performed better with a 53.10% return vs -60.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SOXL is cheaper with a 0.75% expense ratio, compared with 1.10% for JDST.
JDST has the higher dividend yield at 5.48%, compared with 0.01% for SOXL.
JDST tracks MVIS Global Junior Gold Miners Index (-300%), while SOXL tracks ICE Semiconductor Index. Their fees differ too: 1.10% for JDST and 0.75% for SOXL.
SOXL currently has the higher Sharpe Ratio (3.45 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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