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JDST vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between JDST and SPY is -0.16. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


-0.50.00.51.0-0.2

Performance

JDST vs. SPY - 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 SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

-100.00%0.00%100.00%200.00%300.00%AugustSeptemberOctoberNovemberDecember2025
-100.00%
322.54%
JDST
SPY

Key characteristics

Sharpe Ratio

JDST:

-0.77

SPY:

1.90

Sortino Ratio

JDST:

-1.05

SPY:

2.54

Omega Ratio

JDST:

0.88

SPY:

1.35

Calmar Ratio

JDST:

-0.54

SPY:

2.86

Martin Ratio

JDST:

-1.04

SPY:

12.22

Ulcer Index

JDST:

52.21%

SPY:

1.97%

Daily Std Dev

JDST:

70.45%

SPY:

12.69%

Max Drawdown

JDST:

-100.00%

SPY:

-55.19%

Current Drawdown

JDST:

-100.00%

SPY:

-4.17%

Returns By Period

In the year-to-date period, JDST achieves a -11.50% return, which is significantly lower than SPY's -0.95% return. Over the past 10 years, JDST has underperformed SPY with an annualized return of -65.14%, while SPY has yielded a comparatively higher 13.19% annualized return.


JDST

YTD

-11.50%

1M

7.47%

6M

-6.97%

1Y

-51.71%

5Y*

-59.99%

10Y*

-65.14%

SPY

YTD

-0.95%

1M

-3.62%

6M

4.33%

1Y

23.34%

5Y*

13.85%

10Y*

13.19%

*Annualized

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JDST vs. SPY - Expense Ratio Comparison

JDST has a 1.10% expense ratio, which is higher than SPY's 0.09% expense ratio.


Expense ratio chart for JDST: current value at 1.10% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.10%
Expense ratio chart for SPY: current value at 0.09% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.09%

Risk-Adjusted Performance

JDST vs. SPY — Risk-Adjusted Performance Rank

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

JDST
The Risk-Adjusted Performance Rank of JDST is 22
Overall Rank
The Sharpe Ratio Rank of JDST is 22
Sharpe Ratio Rank
The Sortino Ratio Rank of JDST is 22
Sortino Ratio Rank
The Omega Ratio Rank of JDST is 22
Omega Ratio Rank
The Calmar Ratio Rank of JDST is 11
Calmar Ratio Rank
The Martin Ratio Rank of JDST is 44
Martin Ratio Rank

SPY
The Risk-Adjusted Performance Rank of SPY is 8282
Overall Rank
The Sharpe Ratio Rank of SPY is 8282
Sharpe Ratio Rank
The Sortino Ratio Rank of SPY is 7979
Sortino Ratio Rank
The Omega Ratio Rank of SPY is 8181
Omega Ratio Rank
The Calmar Ratio Rank of SPY is 8282
Calmar Ratio Rank
The Martin Ratio Rank of SPY is 8484
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

JDST vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST) and SPDR S&P 500 ETF (SPY). 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.


The chart of Sharpe ratio for JDST, currently valued at -0.77, compared to the broader market0.002.004.00-0.771.90
The chart of Sortino ratio for JDST, currently valued at -1.05, compared to the broader market-2.000.002.004.006.008.0010.00-1.052.54
The chart of Omega ratio for JDST, currently valued at 0.88, compared to the broader market0.501.001.502.002.503.000.881.35
The chart of Calmar ratio for JDST, currently valued at -0.54, compared to the broader market0.005.0010.0015.00-0.542.86
The chart of Martin ratio for JDST, currently valued at -1.04, compared to the broader market0.0020.0040.0060.0080.00100.00-1.0412.22
JDST
SPY

The current JDST Sharpe Ratio is -0.77, which is lower than the SPY Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of JDST and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.004.00AugustSeptemberOctoberNovemberDecember2025
-0.77
1.90
JDST
SPY

Dividends

JDST vs. SPY - Dividend Comparison

JDST's dividend yield for the trailing twelve months is around 7.36%, more than SPY's 1.22% yield.


TTM20242023202220212020201920182017201620152014
JDST
Direxion Daily Junior Gold Miners Index Bear 2X Shares
7.36%6.52%4.80%0.00%0.00%11.79%3.16%0.57%0.00%0.00%0.00%3.20%
SPY
SPDR S&P 500 ETF
1.22%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%

Drawdowns

JDST vs. SPY - Drawdown Comparison

The maximum JDST drawdown since its inception was -100.00%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for JDST and SPY. For additional features, visit the drawdowns tool.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%AugustSeptemberOctoberNovemberDecember2025
-100.00%
-4.17%
JDST
SPY

Volatility

JDST vs. SPY - Volatility Comparison

Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST) has a higher volatility of 19.92% compared to SPDR S&P 500 ETF (SPY) at 4.69%. This indicates that JDST's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%5.00%10.00%15.00%20.00%25.00%AugustSeptemberOctoberNovemberDecember2025
19.92%
4.69%
JDST
SPY