JDST vs. UUP
JDST (Direxion Daily Junior Gold Miners Index Bear 2X Shares) and UUP (Invesco DB US Dollar Index Bullish Fund) are both exchange-traded funds - JDST is a Leveraged Equities fund tracking the MVIS Global Junior Gold Miners Index (-300%), while UUP is a Currency fund tracking the Deutsche Bank Long US Dollar Index (USDX) Futures Index. Both are passively managed. Over the past 10 years, JDST returned -62.85%/yr vs 3.23%/yr for UUP. At a 0.42 correlation, their price movements are largely independent. JDST charges 1.10%/yr vs 0.75%/yr for UUP.
Performance
JDST vs. UUP - Performance Comparison
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Returns By Period
In the year-to-date period, JDST achieves a -22.39% return, which is significantly lower than UUP's 5.25% return. Over the past 10 years, JDST has underperformed UUP with an annualized return of -62.85%, while UUP has yielded a comparatively higher 3.23% 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%
UUP
- 1D
- 0.32%
- 1M
- 2.45%
- YTD
- 5.25%
- 6M
- 5.61%
- 1Y
- 7.81%
- 3Y*
- 4.89%
- 5Y*
- 5.98%
- 10Y*
- 3.23%
JDST vs. UUP - 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% |
UUP Invesco DB US Dollar Index Bullish Fund | 5.25% | -4.99% | 13.50% | 3.63% | 9.46% | 5.73% | -6.66% | 4.09% | 7.05% | -9.10% |
Correlation
The correlation between JDST and UUP is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2013 | 0.42 |
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Return for Risk
JDST vs. UUP — Risk / Return Rank
JDST
UUP
JDST vs. UUP - 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 Invesco DB US Dollar Index Bullish Fund (UUP). 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 | UUP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.05 | ||
| Sortino ratioReturn per unit of downside risk | -3.29 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.23 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | 2.15 | -3.03 |
| Martin ratioReturn relative to average drawdown | -1.16 | 5.90 | -7.05 |
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Drawdowns
JDST vs. UUP - Drawdown Comparison
The maximum JDST drawdown since its inception was -100.00%, which is greater than UUP's maximum drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for JDST and UUP.
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Drawdown Indicators
| JDST | UUP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -22.19% | -77.81% |
Max Drawdown (1Y)Largest decline over 1 year | -88.98% | -3.65% | -85.33% |
Max Drawdown (3Y)Largest decline over 3 years | -98.58% | -10.05% | -88.53% |
Max Drawdown (5Y)Largest decline over 5 years | -99.28% | -10.37% | -88.91% |
Max Drawdown (10Y)Largest decline over 10 years | -100.00% | -14.24% | -85.76% |
Current DrawdownCurrent decline from peak | -100.00% | -1.44% | -98.56% |
Average DrawdownAverage peak-to-trough decline | -95.31% | -8.90% | -86.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 67.97% | 1.34% | +66.63% |
Volatility
JDST vs. UUP - Volatility Comparison
Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST) has a higher volatility of 39.08% compared to Invesco DB US Dollar Index Bullish Fund (UUP) at 1.35%. This indicates that JDST's price experiences larger fluctuations and is considered to be riskier than UUP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JDST | UUP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 39.08% | 1.35% | +37.73% |
Volatility (6M)Calculated over the trailing 6-month period | 85.69% | 4.33% | +81.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 103.81% | 6.07% | +97.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.06% | 7.22% | +74.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 104.94% | 6.91% | +98.03% |
JDST vs. UUP - Expense Ratio Comparison
JDST has a 1.10% expense ratio, which is higher than UUP's 0.75% expense ratio.
Dividends
JDST vs. UUP - Dividend Comparison
JDST's dividend yield for the trailing twelve months is around 10.36%, more than UUP's 3.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
UUP Invesco DB US Dollar Index Bullish Fund | 3.26% | 3.43% | 4.48% | 6.44% | 0.89% | 0.00% | 0.00% | 2.03% | 1.08% | 0.10% |
Frequently Asked Questions
JDST and UUP have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JDST has higher volatility (39.08%) compared to UUP (1.35%). In terms of maximum drawdown, JDST dropped -100.00% vs UUP's -22.19%.
On 10-year performance, UUP leads with 3.23% vs -62.85% for JDST. On fees, UUP is cheaper at 0.75% per year. On volatility, UUP has been the lower-risk option at 1.35%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, UUP has performed better with a 3.23% return vs -62.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UUP is cheaper with a 0.75% expense ratio, compared with 1.10% for JDST.
JDST has the higher dividend yield at 10.36%, compared with 3.26% for UUP.
JDST is categorized as Leveraged Equities, while UUP is Currency. JDST tracks MVIS Global Junior Gold Miners Index (-300%), while UUP tracks Deutsche Bank Long US Dollar Index (USDX) Futures Index. They also come from different issuers: Direxion and Invesco. Their fees differ too: 1.10% for JDST and 0.75% for UUP.
UUP currently has the higher Sharpe Ratio (1.30 vs -0.76), 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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