JDST vs. SOXS

Last updated Jun 3, 2026

JDST (Direxion Daily Junior Gold Miners Index Bear 2X Shares) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both Leveraged Equities funds from Direxion - JDST tracks the MVIS Global Junior Gold Miners Index (-300%) while SOXS tracks the PHLX Semiconductor Index (-300%). Both are passively managed. Over the past 10 years, JDST returned -64.82%/yr vs -78.81%/yr for SOXS. At a 0.14 correlation, their price movements are largely independent. JDST charges 1.10%/yr vs 1.08%/yr for SOXS.

Performance

JDST vs. SOXS - 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 Semiconductor Bear 3x Shares (SOXS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JDST achieves a -35.89% return, which is significantly higher than SOXS's -91.68% return. Over the past 10 years, JDST has outperformed SOXS with an annualized return of -64.82%, while SOXS has yielded a comparatively lower -78.81% annualized return.

JDST

• 1D: -1.51%
• 1M: -7.51%
• YTD: -35.89%
• 6M: -46.82%
• 1Y: -81.68%
• 3Y*: -69.10%
• 5Y*: -52.94%
• 10Y*: -64.82%

SOXS

• 1D: -17.41%
• 1M: -60.17%
• YTD: -91.68%
• 6M: -91.80%
• 1Y: -97.83%
• 3Y*: -86.41%
• 5Y*: -79.75%
• 10Y*: -78.81%

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

JDST vs. SOXS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JDST Direxion Daily Junior Gold Miners Index Bear 2X Shares	-35.89%	-91.10%	-40.98%	-28.29%	-26.25%	10.97%	-95.97%	-80.30%	-1.60%	-63.44%
SOXS Direxion Daily Semiconductor Bear 3x Shares	-91.68%	-85.53%	-59.55%	-84.56%	15.76%	-80.94%	-92.90%	-83.81%	-19.39%	-69.39%

Correlation

The correlation between JDST and SOXS is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
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 4, 2013	0.14

The correlation between JDST and SOXS shifts across timeframes, from 0.14 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

JDST vs. SOXS — Risk / Return Rank

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

JDST

JDST Risk / Return Rank: 1
JDST Sharpe Ratio Rank: 2
JDST Sortino Ratio Rank: 1
JDST Omega Ratio Rank: 1
JDST Calmar Ratio Rank: 1
JDST Martin Ratio Rank: 2

SOXS

SOXS Risk / Return Rank: 1
SOXS Sharpe Ratio Rank: 1
SOXS Sortino Ratio Rank: 0
SOXS Omega Ratio Rank: 0
SOXS Calmar Ratio Rank: 0
SOXS Martin Ratio Rank: 1

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. SOXS - 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 Bear 3x Shares (SOXS). 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.

	JDST	SOXS	Difference
Sharpe ratio Return per unit of total volatility	-0.83	-0.96	+0.13
Sortino ratio Return per unit of downside risk	-1.79	-3.97	+2.18
Omega ratio Gain probability vs. loss probability	0.81	0.58	+0.23
Calmar ratio Return relative to maximum drawdown	-0.94	-1.00	+0.06
Martin ratio Return relative to average drawdown	-1.29	-1.39	+0.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JDST vs. SOXS - Sharpe Ratio Comparison

The current JDST Sharpe Ratio is -0.83, which is comparable to the SOXS Sharpe Ratio of -0.96. The chart below compares the historical Sharpe Ratios of JDST and SOXS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JDST	SOXS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.83	-0.96	+0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.66	-0.74	+0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.62	-0.79	+0.17
Sharpe Ratio (All Time) Calculated using the full available price history	-0.59	-0.79	+0.19

Drawdowns

JDST vs. SOXS - Drawdown Comparison

The maximum JDST drawdown since its inception was -100.00%, roughly equal to the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for JDST and SOXS.

Drawdown Indicators

	JDST	SOXS	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-100.00%	0.00%
Max Drawdown (1Y) Largest decline over 1 year	-88.98%	-97.64%	+8.66%
Max Drawdown (3Y) Largest decline over 3 years	-98.58%	-99.79%	+1.21%
Max Drawdown (5Y) Largest decline over 5 years	-99.28%	-99.97%	+0.69%
Max Drawdown (10Y) Largest decline over 10 years	-100.00%	-100.00%	0.00%
Current Drawdown Current decline from peak	-100.00%	-100.00%	0.00%
Average Drawdown Average peak-to-trough decline	-95.32%	-92.60%	-2.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	65.20%	70.48%	-5.28%

Volatility

JDST vs. SOXS - Volatility Comparison

The current volatility for Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST) is 32.18%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 44.74%. This indicates that JDST experiences smaller price fluctuations and is considered to be less risky than SOXS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JDST	SOXS	Difference
Volatility (1M) Calculated over the trailing 1-month period	32.18%	44.74%	-12.56%
Volatility (6M) Calculated over the trailing 6-month period	79.24%	83.91%	-4.67%
Volatility (1Y) Calculated over the trailing 1-year period	98.90%	102.16%	-3.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	80.87%	108.22%	-27.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	104.74%	100.49%	+4.25%

JDST vs. SOXS - Expense Ratio Comparison

JDST has a 1.10% expense ratio, which is higher than SOXS's 1.08% expense ratio.

Dividends

JDST vs. SOXS - Dividend Comparison

JDST's dividend yield for the trailing twelve months is around 12.55%, less than SOXS's 64.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
JDST Direxion Daily Junior Gold Miners Index Bear 2X Shares	12.55%	15.08%	6.50%	4.81%	0.00%	0.00%	11.75%	3.16%	0.57%
SOXS Direxion Daily Semiconductor Bear 3x Shares	64.90%	10.79%	5.45%	9.22%	0.19%	0.00%	3.58%	2.30%	0.76%

Frequently Asked Questions

Can I hold both JDST and SOXS in my portfolio?

JDST and SOXS have a correlation of 0.30, 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 SOXS?

SOXS has higher volatility (44.74%) compared to JDST (32.18%). In terms of maximum drawdown, JDST dropped -100.00% vs SOXS's -100.00%.

Which ETF is better, JDST or SOXS?

On 10-year performance, JDST leads with -64.82% vs -78.81% for SOXS. On fees, SOXS is cheaper at 1.08% per year. On volatility, JDST has been the lower-risk option at 32.18%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JDST or SOXS?

Over the 10-year period, JDST has performed better with a -64.82% return vs -78.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JDST or SOXS?

SOXS is cheaper with a 1.08% expense ratio, compared with 1.10% for JDST.

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

SOXS has the higher dividend yield at 64.90%, compared with 12.55% for JDST.

What is the main difference between JDST and SOXS?

JDST tracks MVIS Global Junior Gold Miners Index (-300%), while SOXS tracks PHLX Semiconductor Index (-300%). Their fees differ too: 1.10% for JDST and 1.08% for SOXS.

Which has better risk-adjusted returns?

JDST currently has the higher Sharpe Ratio (-0.83 vs -0.96), 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.