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JDST vs. VOO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

JDST vs. VOO

Last updated Jun 3, 2026

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 -64.82%/yr vs 15.65%/yr for VOO. At a correlation of -0.16, they often move in opposite directions. JDST charges 1.10%/yr vs 0.03%/yr for VOO.

Performance

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

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Returns By Period

In the year-to-date period, JDST achieves a -35.89% return, which is significantly lower than VOO's 11.69% return. Over the past 10 years, JDST has underperformed VOO with an annualized return of -64.82%, while VOO has yielded a comparatively higher 15.65% annualized return.

JDST

1D
-1.51%
1M
-7.51%
YTD
-35.89%
6M
-46.82%
1Y
-81.68%
3Y*
-69.10%
5Y*
-52.94%
10Y*
-64.82%

VOO

1D
0.14%
1M
5.39%
YTD
11.69%
6M
12.11%
1Y
29.68%
3Y*
22.73%
5Y*
14.26%
10Y*
15.65%
*Multi-year figures are annualized to reflect compound growth (CAGR)

JDST vs. VOO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
JDST
Direxion Daily Junior Gold Miners Index Bear 2X Shares		-35.89%-91.10%-40.98%-28.29%-26.25%10.97%-95.97%-80.30%-1.60%-63.44%
VOO
Vanguard S&P 500 ETF		11.69%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 -0.34, 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

-0.34

Correlation (3Y)
Calculated over the trailing 3-year period

-0.30

Correlation (5Y)
Calculated over the trailing 5-year period

-0.30

Correlation (10Y)
Calculated over the trailing 10-year period

-0.20

Correlation (All Time)
Calculated using the full available price history since Oct 4, 2013

-0.16

The correlation between JDST and VOO shifts across timeframes, from -0.34 (1 year) to -0.16 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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Direxion Daily Junior Gold Miners Index Bear 2X Shares

Vanguard S&P 500 ETF

Often compared with JDST:
JDST vs. JNUGJDST vs. NUGTJDST vs. FNGUJDST vs. UGLJDST vs. SGOLJDST vs. GC=FJDST vs. SPY
Often compared with VOO:
VOO vs. VTIVOO vs. QQQVOO vs. SCHDVOO vs. VTVOO vs. SPYVOO vs. FXAIXVOO vs. IVV

Return for Risk

JDST vs. VOO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
JDST
JDST Risk / Return Rank: 11
Overall Rank
JDST Sharpe Ratio Rank: 22
Sharpe Ratio Rank
JDST Sortino Ratio Rank: 11
Sortino Ratio Rank
JDST Omega Ratio Rank: 11
Omega Ratio Rank
JDST Calmar Ratio Rank: 11
Calmar Ratio Rank
JDST Martin Ratio Rank: 22
Martin Ratio Rank
VOO
VOO Risk / Return Rank: 7575
Overall Rank
VOO Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
VOO Sortino Ratio Rank: 7575
Sortino Ratio Rank
VOO Omega Ratio Rank: 7676
Omega Ratio Rank
VOO Calmar Ratio Rank: 6868
Calmar Ratio Rank
VOO Martin Ratio Rank: 8080
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

JDSTVOODifference

Sharpe ratio

Return per unit of total volatility

-0.83

2.53

-3.37

Sortino ratio

Return per unit of downside risk

-1.79

3.43

-5.23

Omega ratio

Gain probability vs. loss probability

0.81

1.46

-0.65

Calmar ratio

Return relative to maximum drawdown

-0.94

3.42

-4.36

Martin ratio

Return relative to average drawdown

-1.29

15.95

-17.23

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JDST vs. VOO - Sharpe Ratio Comparison

The current JDST Sharpe Ratio is -0.83, which is lower than the VOO Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of JDST and VOO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

JDSTVOODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.83

2.53

-3.37

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.66

0.85

-1.51

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.62

0.87

-1.49

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.59

0.89

-1.48

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

JDSTVOODifference

Max Drawdown

Largest 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 Drawdown

Current decline from peak

-100.00%

0.00%

-100.00%

Average Drawdown

Average peak-to-trough decline

-95.32%

-3.69%

-91.63%

Ulcer Index

Depth and duration of drawdowns from previous peaks

65.20%

1.91%

+63.29%

Volatility

JDST vs. VOO - Volatility Comparison

Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST) has a higher volatility of 32.18% compared to Vanguard S&P 500 ETF (VOO) at 2.74%. 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

JDSTVOODifference

Volatility (1M)

Calculated over the trailing 1-month period

32.18%

2.74%

+29.44%

Volatility (6M)

Calculated over the trailing 6-month period

79.24%

8.88%

+70.36%

Volatility (1Y)

Calculated over the trailing 1-year period

98.90%

11.78%

+87.12%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

80.87%

16.81%

+64.06%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

104.74%

18.01%

+86.73%

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 12.55%, more than VOO's 1.02% yield.

PositionTTM20252024202320222021202020192018201720162015
JDST
Direxion Daily Junior Gold Miners Index Bear 2X Shares		12.55%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		1.02%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 -0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

JDST has higher volatility (32.18%) compared to VOO (2.74%). In terms of maximum drawdown, JDST dropped -100.00% vs VOO's -33.99%.

On 10-year performance, VOO leads with 15.65% vs -64.82% for JDST. On fees, VOO is cheaper at 0.03% per year. On volatility, VOO has been the lower-risk option at 2.74%. 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 15.65% return vs -64.82%. 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 12.55%, compared with 1.02% 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 (2.53 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.

Portfolio Optimizer

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