JDST vs. SOXS
JDST (Direxion Daily Junior Gold Miners Index Bear 2X Shares) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both exchange-traded funds - JDST is a Leveraged Equities fund tracking the MVIS Global Junior Gold Miners Index (-300%), while SOXS is a Inverse Equities fund tracking the PHLX Semiconductor Index (-300%). Both are passively managed. Over the past 10 years, JDST returned -62.85%/yr vs -79.54%/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
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Returns By Period
In the year-to-date period, JDST achieves a -22.39% return, which is significantly higher than SOXS's -93.50% return. Over the past 10 years, JDST has outperformed SOXS with an annualized return of -62.85%, while SOXS has yielded a comparatively lower -79.54% annualized return.
JDST
- 1D
- 10.10%
- 1M
- 10.16%
- YTD
- -22.39%
- 6M
- -14.59%
- 1Y
- -78.52%
- 3Y*
- -68.43%
- 5Y*
- -52.81%
- 10Y*
- -62.85%
SOXS
- 1D
- 22.42%
- 1M
- -47.74%
- YTD
- -93.50%
- 6M
- -93.24%
- 1Y
- -97.76%
- 3Y*
- -87.41%
- 5Y*
- -80.25%
- 10Y*
- -79.54%
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 | -22.39% | -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 | -93.50% | -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 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
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 |
The correlation between JDST and SOXS shifts across timeframes, from 0.14 (all time) to 0.34 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
JDST vs. SOXS — Risk / Return Rank
JDST
SOXS
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.
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 | SOXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +1.99 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 0.63 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | -1.00 | +0.11 |
| Martin ratioReturn relative to average drawdown | -1.16 | -1.51 | +0.36 |
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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.
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Drawdown Indicators
| JDST | SOXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -100.00% | 0.00% |
Max Drawdown (1Y)Largest decline over 1 year | -88.98% | -97.94% | +8.96% |
Max Drawdown (3Y)Largest decline over 3 years | -98.58% | -99.87% | +1.29% |
Max Drawdown (5Y)Largest decline over 5 years | -99.28% | -99.98% | +0.70% |
Max Drawdown (10Y)Largest decline over 10 years | -100.00% | -100.00% | 0.00% |
Current DrawdownCurrent decline from peak | -100.00% | -100.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -95.31% | -92.61% | -2.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 67.97% | 67.48% | +0.49% |
Volatility
JDST vs. SOXS - Volatility Comparison
The current volatility for Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST) is 39.08%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 66.67%. 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.
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Volatility by Period
| JDST | SOXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 39.08% | 66.67% | -27.59% |
Volatility (6M)Calculated over the trailing 6-month period | 85.69% | 100.39% | -14.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 103.81% | 117.32% | -13.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.06% | 111.39% | -29.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 104.94% | 102.09% | +2.85% |
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 10.36%, less than SOXS's 83.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
JDST Direxion Daily Junior Gold Miners Index Bear 2X Shares | 10.36% | 15.08% | 6.50% | 4.81% | 0.00% | 0.00% | 11.75% | 3.16% | 0.57% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 83.05% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% |
Frequently Asked Questions
JDST and SOXS have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (66.67%) compared to JDST (39.08%). In terms of maximum drawdown, JDST dropped -100.00% vs SOXS's -100.00%.
On 10-year performance, JDST leads with -62.85% vs -79.54% for SOXS. On fees, SOXS is cheaper at 1.08% per year. On volatility, JDST has been the lower-risk option at 39.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, JDST has performed better with a -62.85% return vs -79.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SOXS is cheaper with a 1.08% expense ratio, compared with 1.10% for JDST.
SOXS has the higher dividend yield at 83.05%, compared with 10.36% for JDST.
JDST is categorized as Leveraged Equities, while SOXS is Inverse Equities. 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.
JDST currently has the higher Sharpe Ratio (-0.76 vs -0.83), 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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