JDST vs. YANG
Compare and contrast key facts about Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST) and Direxion Daily China 3x Bear Shares (YANG).
JDST and YANG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JDST is a passively managed fund by Direxion that tracks the performance of the MVIS Global Junior Gold Miners Index (-300%). It was launched on Apr 1, 2020. YANG is a passively managed fund by Direxion that tracks the performance of the FTSE China 50 Index (-300%). It was launched on Dec 3, 2009. Both JDST and YANG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JDST or YANG.
Key characteristics
| JDST | YANG | |
|---|---|---|
| YTD Return | -46.95% | -72.21% |
| 1Y Return | -62.14% | -69.89% |
| 3Y Return (Ann) | -30.10% | -38.23% |
| 5Y Return (Ann) | -62.15% | -40.83% |
| 10Y Return (Ann) | -65.06% | -36.59% |
| Sharpe Ratio | -0.86 | -0.70 |
| Sortino Ratio | -1.30 | -0.93 |
| Omega Ratio | 0.86 | 0.88 |
| Calmar Ratio | -0.61 | -0.70 |
| Martin Ratio | -1.29 | -1.42 |
| Ulcer Index | 47.04% | 49.17% |
| Daily Std Dev | 71.01% | 99.40% |
| Max Drawdown | -100.00% | -99.96% |
| Current Drawdown | -100.00% | -99.94% |
Correlation
The correlation between JDST and YANG is 0.19, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
JDST vs. YANG - Performance Comparison
In the year-to-date period, JDST achieves a -46.95% return, which is significantly higher than YANG's -72.21% return. Over the past 10 years, JDST has underperformed YANG with an annualized return of -65.06%, while YANG has yielded a comparatively higher -36.59% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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JDST vs. YANG - Expense Ratio Comparison
JDST has a 1.10% expense ratio, which is higher than YANG's 1.07% expense ratio.
Risk-Adjusted Performance
JDST vs. YANG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST) and Direxion Daily China 3x Bear Shares (YANG). 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.
Dividends
JDST vs. YANG - Dividend Comparison
JDST's dividend yield for the trailing twelve months is around 7.39%, more than YANG's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
JDST Direxion Daily Junior Gold Miners Index Bear 2X Shares | 7.39% | 4.80% | 0.00% | 0.00% | 11.79% | 3.16% | 0.57% | 0.00% | 0.00% | 0.00% | 3.20% |
YANG Direxion Daily China 3x Bear Shares | 0.61% | 1.44% | 0.00% | 0.00% | 0.68% | 1.08% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
JDST vs. YANG - Drawdown Comparison
The maximum JDST drawdown since its inception was -100.00%, roughly equal to the maximum YANG drawdown of -99.96%. Use the drawdown chart below to compare losses from any high point for JDST and YANG. For additional features, visit the drawdowns tool.
Volatility
JDST vs. YANG - Volatility Comparison
The current volatility for Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST) is 20.62%, while Direxion Daily China 3x Bear Shares (YANG) has a volatility of 36.31%. This indicates that JDST experiences smaller price fluctuations and is considered to be less risky than YANG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.