JDST vs. XTJL
JDST (Direxion Daily Junior Gold Miners Index Bear 2X Shares) and XTJL (Innovator U.S. Equity Accelerated Plus ETF - July) are both Leveraged Equities funds. JDST is passively managed, while XTJL is actively managed. Over the past 5 years, JDST returned -52.90%/yr vs 9.55%/yr for XTJL. Their -0.28 correlation means they have often moved in opposite directions in the past. JDST charges 1.10%/yr vs 0.79%/yr for XTJL.
Performance
JDST vs. XTJL - Performance Comparison
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Returns By Period
In the year-to-date period, JDST achieves a -18.61% return, which is significantly lower than XTJL's 6.32% return.
JDST
- 1D
- 7.27%
- 1M
- 10.46%
- 6M
- 5.97%
- YTD
- -18.61%
- 1Y
- -79.18%
- 3Y*
- -66.93%
- 5Y*
- -52.90%
- 10Y*
- -59.50%
- ALL TIME*
- -68.78%
XTJL
- 1D
- 0.76%
- 1M
- 0.96%
- 6M
- 5.49%
- YTD
- 6.32%
- 1Y
- 14.27%
- 3Y*
- 13.98%
- 5Y*
- 9.55%
- 10Y*
- —
- ALL TIME*
- 9.76%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $11.95M | $13.83M | $18.78M | |
| $26.11K | $26.81K | $267.40K |
JDST vs. XTJL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
JDST Direxion Daily Junior Gold Miners Index Bear 2X Shares | -18.61% | -91.10% | -40.98% | -28.29% | -26.25% | 4.24% |
XTJL Innovator U.S. Equity Accelerated Plus ETF - July | 6.32% | 15.42% | 14.43% | 25.72% | -15.66% | 7.81% |
Correlation
The correlation between JDST and XTJL is -0.37, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.37 |
Correlation (3Y) Balances recent behavior with more history. | -0.26 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.28 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2021 | -0.28 |
The correlation between JDST and XTJL shifts across timeframes, from -0.37 (1 year) to -0.26 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
JDST vs. XTJL — Risk / Return Rank
JDST
XTJL
JDST vs. XTJL - 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 U.S. Equity Accelerated Plus ETF - July (XTJL). 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 | XTJL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.43 | ||
| Sortino ratioReturn per unit of downside risk | -3.89 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.36 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | 2.55 | -3.45 |
| Martin ratioReturn relative to average drawdown | -1.10 | 14.07 | -15.17 |
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Drawdowns
JDST vs. XTJL - Drawdown Comparison
The maximum JDST drawdown since its inception was -100.00%, which is greater than XTJL's maximum drawdown of -23.24%. Use the drawdown chart below to compare losses from any high point for JDST and XTJL.
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Drawdown Indicators
| JDST | XTJL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -23.24% | -76.76% |
Max Drawdown (1Y)Largest decline over 1 year | -88.72% | -5.12% | -83.60% |
Max Drawdown (3Y)Largest decline over 3 years | -98.58% | -16.70% | -81.88% |
Max Drawdown (5Y)Largest decline over 5 years | -99.28% | -23.24% | -76.04% |
Max Drawdown (10Y)Largest decline over 10 years | -100.00% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | -0.09% | -99.91% |
Average DrawdownAverage peak-to-trough decline | -95.35% | -3.92% | -91.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 72.79% | 0.93% | +71.86% |
Volatility
JDST vs. XTJL - Volatility Comparison
Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST) has a higher volatility of 30.04% compared to Innovator U.S. Equity Accelerated Plus ETF - July (XTJL) at 2.90%. This indicates that JDST's price experiences larger fluctuations and is considered to be riskier than XTJL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JDST | XTJL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.04% | 2.90% | +27.14% |
Volatility (6M)Calculated over the trailing 6-month period | 86.12% | 6.12% | +80.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 106.73% | 7.79% | +98.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.80% | 15.11% | +67.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 103.95% | 15.03% | +88.92% |
JDST vs. XTJL - Expense Ratio Comparison
JDST has a 1.10% expense ratio, which is higher than XTJL's 0.79% expense ratio.
Dividends
JDST vs. XTJL - Dividend Comparison
JDST's dividend yield for the trailing twelve months is around 5.96%, while XTJL 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 | 5.96% | 15.08% | 6.50% | 4.81% | 0.00% | 0.00% | 11.75% | 3.16% | 0.57% |
XTJL Innovator U.S. Equity Accelerated Plus ETF - July | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JDST and XTJL have a correlation of -0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JDST has higher volatility (30.04%) compared to XTJL (2.90%). In terms of maximum drawdown, JDST dropped -100.00% vs XTJL's -23.24%.
On 5-year performance, XTJL leads with 9.55% vs -52.90% for JDST. On fees, XTJL is cheaper at 0.79% per year. On volatility, XTJL has been the lower-risk option at 2.90%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, XTJL has performed better with a 9.55% return vs -52.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XTJL is cheaper with a 0.79% expense ratio, compared with 1.10% for JDST.
JDST has the higher dividend yield at 5.96%, compared with 0.00% for XTJL.
They also come from different issuers: Direxion and Innovator. Their fees differ too: 1.10% for JDST and 0.79% for XTJL.
XTJL currently has the higher Sharpe Ratio (1.68 vs -0.75), 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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