JDST vs. VOO
JDST (Direxion Daily Junior Gold Miners Index Bear 2X Shares) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - JDST is a Leveraged Equities fund tracking the MVIS Global Junior Gold Miners Index (-300%), while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, JDST returned -60.31%/yr vs 15.16%/yr for VOO. At a correlation of -0.17, they often move in opposite directions. JDST charges 1.10%/yr vs 0.03%/yr for VOO.
Performance
JDST vs. VOO - Performance Comparison
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Returns By Period
In the year-to-date period, JDST achieves a -15.75% return, which is significantly lower than VOO's 10.45% return. Over the past 10 years, JDST has underperformed VOO with an annualized return of -60.31%, while VOO has yielded a comparatively higher 15.16% annualized return.
JDST
- 1D
- 7.16%
- 1M
- 12.73%
- 6M
- 5.01%
- YTD
- -15.75%
- 1Y
- -75.99%
- 3Y*
- -65.43%
- 5Y*
- -52.35%
- 10Y*
- -60.31%
VOO
- 1D
- -0.77%
- 1M
- 1.25%
- 6M
- 8.34%
- YTD
- 10.45%
- 1Y
- 21.53%
- 3Y*
- 20.16%
- 5Y*
- 13.01%
- 10Y*
- 15.16%
JDST vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JDST Direxion Daily Junior Gold Miners Index Bear 2X Shares | -15.75% | -91.10% | -40.98% | -28.29% | -26.25% | 10.97% | -95.97% | -80.30% | -1.60% | -63.44% |
VOO Vanguard S&P 500 ETF | 10.45% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Correlation
The correlation between JDST and VOO is -0.42, 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 | -0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.21 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2013 | -0.17 |
Over the past year, the inverse relationship between JDST and VOO has strengthened: their correlation has moved from -0.17 to -0.42, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
JDST vs. VOO — Risk / Return Rank
JDST
VOO
JDST vs. VOO - 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 Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.45 | ||
| Sortino ratioReturn per unit of downside risk | -3.62 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.31 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | 2.43 | -3.29 |
| Martin ratioReturn relative to average drawdown | -1.08 | 10.60 | -11.68 |
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Drawdowns
JDST vs. VOO - Drawdown Comparison
The maximum JDST drawdown since its inception was -100.00%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for JDST and VOO.
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Drawdown Indicators
| JDST | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -33.99% | -66.01% |
Max Drawdown (1Y)Largest decline over 1 year | -88.98% | -8.90% | -80.08% |
Max Drawdown (3Y)Largest decline over 3 years | -98.58% | -18.69% | -79.89% |
Max Drawdown (5Y)Largest decline over 5 years | -99.28% | -24.52% | -74.76% |
Max Drawdown (10Y)Largest decline over 10 years | -100.00% | -33.99% | -66.01% |
Current DrawdownCurrent decline from peak | -100.00% | -1.11% | -98.89% |
Average DrawdownAverage peak-to-trough decline | -95.33% | -3.68% | -91.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 70.33% | 2.04% | +68.29% |
Volatility
JDST vs. VOO - Volatility Comparison
Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST) has a higher volatility of 34.78% compared to Vanguard S&P 500 ETF (VOO) at 4.16%. This indicates that JDST's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JDST | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 34.78% | 4.16% | +30.62% |
Volatility (6M)Calculated over the trailing 6-month period | 86.06% | 9.97% | +76.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 105.38% | 12.53% | +92.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.47% | 16.93% | +65.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 104.51% | 18.00% | +86.51% |
JDST vs. VOO - Expense Ratio Comparison
JDST has a 1.10% expense ratio, which is higher than VOO's 0.03% expense ratio.
Dividends
JDST vs. VOO - Dividend Comparison
JDST's dividend yield for the trailing twelve months is around 5.76%, more than VOO's 1.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JDST Direxion Daily Junior Gold Miners Index Bear 2X Shares | 5.76% | 15.08% | 6.50% | 4.81% | 0.00% | 0.00% | 11.75% | 3.16% | 0.57% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.07% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Frequently Asked Questions
JDST and VOO have a correlation of -0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JDST has higher volatility (34.78%) compared to VOO (4.16%). In terms of maximum drawdown, JDST dropped -100.00% vs VOO's -33.99%.
On 10-year performance, VOO leads with 15.16% vs -60.31% for JDST. On fees, VOO is cheaper at 0.03% per year. On volatility, VOO has been the lower-risk option at 4.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VOO has performed better with a 15.16% return vs -60.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VOO is cheaper with a 0.03% expense ratio, compared with 1.10% for JDST.
JDST has the higher dividend yield at 5.76%, compared with 1.07% for VOO.
JDST is categorized as Leveraged Equities, while VOO is S&P 500. JDST tracks MVIS Global Junior Gold Miners Index (-300%), while VOO tracks S&P 500 Index. They also come from different issuers: Direxion and Vanguard. Their fees differ too: 1.10% for JDST and 0.03% for VOO.
VOO currently has the higher Sharpe Ratio (1.73 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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