JDST vs. XDQQ
JDST (Direxion Daily Junior Gold Miners Index Bear 2X Shares) and XDQQ (Innovator Growth Accelerated ETF - Quarterly) are both Leveraged Equities funds. JDST is passively managed, while XDQQ is actively managed. Over the past 5 years, JDST returned -52.81%/yr vs 7.88%/yr for XDQQ. At a correlation of -0.27, they often move in opposite directions. JDST charges 1.10%/yr vs 0.79%/yr for XDQQ.
Performance
JDST vs. XDQQ - 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 XDQQ's 2.83% 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%
XDQQ
- 1D
- -0.06%
- 1M
- 0.56%
- YTD
- 2.83%
- 6M
- 1.08%
- 1Y
- 16.74%
- 3Y*
- 17.58%
- 5Y*
- 7.88%
- 10Y*
- —
JDST vs. XDQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
JDST Direxion Daily Junior Gold Miners Index Bear 2X Shares | -22.39% | -91.10% | -40.98% | -28.29% | -26.25% | -11.96% |
XDQQ Innovator Growth Accelerated ETF - Quarterly | 2.83% | 13.75% | 31.47% | 30.15% | -33.74% | 18.52% |
Correlation
The correlation between JDST and XDQQ is -0.36, 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 | -0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.26 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021 | -0.27 |
The correlation between JDST and XDQQ shifts across timeframes, from -0.36 (1 year) to -0.26 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
JDST vs. XDQQ — Risk / Return Rank
JDST
XDQQ
JDST vs. XDQQ - 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 Innovator Growth Accelerated ETF - Quarterly (XDQQ). 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 | XDQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.98 | ||
| Sortino ratioReturn per unit of downside risk | -3.09 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.25 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | 1.42 | -2.30 |
| Martin ratioReturn relative to average drawdown | -1.16 | 6.45 | -7.61 |
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Drawdowns
JDST vs. XDQQ - Drawdown Comparison
The maximum JDST drawdown since its inception was -100.00%, which is greater than XDQQ's maximum drawdown of -35.63%. Use the drawdown chart below to compare losses from any high point for JDST and XDQQ.
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Drawdown Indicators
| JDST | XDQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -35.63% | -64.37% |
Max Drawdown (1Y)Largest decline over 1 year | -88.98% | -11.84% | -77.14% |
Max Drawdown (3Y)Largest decline over 3 years | -98.58% | -23.17% | -75.41% |
Max Drawdown (5Y)Largest decline over 5 years | -99.28% | -35.63% | -63.65% |
Max Drawdown (10Y)Largest decline over 10 years | -100.00% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | -0.06% | -99.94% |
Average DrawdownAverage peak-to-trough decline | -95.31% | -10.72% | -84.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 67.97% | 2.60% | +65.37% |
Volatility
JDST vs. XDQQ - Volatility Comparison
Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST) has a higher volatility of 39.08% compared to Innovator Growth Accelerated ETF - Quarterly (XDQQ) at 0.64%. This indicates that JDST's price experiences larger fluctuations and is considered to be riskier than XDQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JDST | XDQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 39.08% | 0.64% | +38.44% |
Volatility (6M)Calculated over the trailing 6-month period | 85.69% | 10.31% | +75.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 103.81% | 13.80% | +90.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.06% | 19.80% | +62.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 104.94% | 19.55% | +85.39% |
JDST vs. XDQQ - Expense Ratio Comparison
JDST has a 1.10% expense ratio, which is higher than XDQQ's 0.79% expense ratio.
Dividends
JDST vs. XDQQ - Dividend Comparison
JDST's dividend yield for the trailing twelve months is around 10.36%, while XDQQ has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
XDQQ Innovator Growth Accelerated ETF - Quarterly | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JDST and XDQQ have a correlation of -0.36, 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 XDQQ (0.64%). In terms of maximum drawdown, JDST dropped -100.00% vs XDQQ's -35.63%.
On 5-year performance, XDQQ leads with 7.88% vs -52.81% for JDST. On fees, XDQQ is cheaper at 0.79% per year. On volatility, XDQQ has been the lower-risk option at 0.64%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, XDQQ has performed better with a 7.88% return vs -52.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XDQQ is cheaper with a 0.79% expense ratio, compared with 1.10% for JDST.
JDST has the higher dividend yield at 10.36%, compared with 0.00% for XDQQ.
They also come from different issuers: Direxion and Innovator. Their fees differ too: 1.10% for JDST and 0.79% for XDQQ.
XDQQ currently has the higher Sharpe Ratio (1.22 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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