JDST vs. TECL
JDST (Direxion Daily Junior Gold Miners Index Bear 2X Shares) and TECL (Direxion Daily Technology Bull 3X Shares) are both Leveraged Equities funds from Direxion - JDST tracks the MVIS Global Junior Gold Miners Index (-300%) while TECL tracks the Technology Select Sector Index (300%). Both are passively managed. Over the past 10 years, JDST returned -60.14%/yr vs 47.50%/yr for TECL. At a correlation of -0.14, they often move in opposite directions. JDST charges 1.10%/yr vs 0.91%/yr for TECL.
Performance
JDST vs. TECL - 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 TECL's 56.36% return. Over the past 10 years, JDST has underperformed TECL with an annualized return of -60.14%, while TECL has yielded a comparatively higher 47.50% 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%
TECL
- 1D
- -6.99%
- 1M
- -16.54%
- 6M
- 52.63%
- YTD
- 56.36%
- 1Y
- 97.13%
- 3Y*
- 50.48%
- 5Y*
- 27.73%
- 10Y*
- 47.50%
JDST vs. TECL - 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% |
TECL Direxion Daily Technology Bull 3X Shares | 56.36% | 38.60% | 36.15% | 203.14% | -74.32% | 112.80% | 69.46% | 185.58% | -24.03% | 124.82% |
Correlation
The correlation between JDST and TECL is -0.38, 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 | -0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.18 |
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 TECL has strengthened: their correlation has moved from -0.14 to -0.38, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
JDST vs. TECL — Risk / Return Rank
JDST
TECL
JDST vs. TECL - 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 Technology Bull 3X Shares (TECL). 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 | TECL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.05 | ||
| Sortino ratioReturn per unit of downside risk | -3.05 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.24 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | 2.10 | -2.95 |
| Martin ratioReturn relative to average drawdown | -1.07 | 5.40 | -6.47 |
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Drawdowns
JDST vs. TECL - Drawdown Comparison
The maximum JDST drawdown since its inception was -100.00%, which is greater than TECL's maximum drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for JDST and TECL.
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Drawdown Indicators
| JDST | TECL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -77.96% | -22.04% |
Max Drawdown (1Y)Largest decline over 1 year | -88.98% | -46.58% | -42.40% |
Max Drawdown (3Y)Largest decline over 3 years | -98.58% | -66.58% | -32.00% |
Max Drawdown (5Y)Largest decline over 5 years | -99.28% | -77.96% | -21.32% |
Max Drawdown (10Y)Largest decline over 10 years | -100.00% | -77.96% | -22.04% |
Current DrawdownCurrent decline from peak | -100.00% | -32.85% | -67.15% |
Average DrawdownAverage peak-to-trough decline | -95.34% | -18.40% | -76.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 70.86% | 18.05% | +52.81% |
Volatility
JDST vs. TECL - Volatility Comparison
The current volatility for Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST) is 27.44%, while Direxion Daily Technology Bull 3X Shares (TECL) has a volatility of 29.65%. This indicates that JDST experiences smaller price fluctuations and is considered to be less risky than TECL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JDST | TECL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.44% | 29.65% | -2.21% |
Volatility (6M)Calculated over the trailing 6-month period | 86.35% | 63.10% | +23.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 105.68% | 73.23% | +32.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.52% | 76.11% | +6.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 104.51% | 73.26% | +31.25% |
JDST vs. TECL - Expense Ratio Comparison
JDST has a 1.10% expense ratio, which is higher than TECL's 0.91% expense ratio.
Dividends
JDST vs. TECL - Dividend Comparison
JDST's dividend yield for the trailing twelve months is around 5.48%, more than TECL's 4.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
TECL Direxion Daily Technology Bull 3X Shares | 4.55% | 7.19% | 0.29% | 0.28% | 0.22% | 0.32% | 0.52% | 0.25% | 0.47% | 0.10% |
Frequently Asked Questions
JDST and TECL have a correlation of -0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TECL has higher volatility (29.65%) compared to JDST (27.44%). In terms of maximum drawdown, JDST dropped -100.00% vs TECL's -77.96%.
On 10-year performance, TECL leads with 47.50% vs -60.14% for JDST. On fees, TECL is cheaper at 0.91% 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, TECL has performed better with a 47.50% return vs -60.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TECL is cheaper with a 0.91% expense ratio, compared with 1.10% for JDST.
JDST has the higher dividend yield at 5.48%, compared with 4.55% for TECL.
JDST tracks MVIS Global Junior Gold Miners Index (-300%), while TECL tracks Technology Select Sector Index (300%). Their fees differ too: 1.10% for JDST and 0.91% for TECL.
TECL currently has the higher Sharpe Ratio (1.33 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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