JNUG vs. AG
JNUG (Direxion Daily Junior Gold Miners Index Bull 2X ETF) is Gold fund tracking the MVIS Global Junior Gold Miners Index (200%), while AG (First Majestic Silver Corp.) is a stock. Over the past 10 years, JNUG returned -32.42%/yr vs -1.67%/yr for AG. Their correlation of 0.83 means they have usually moved in the same direction.
Performance
JNUG vs. AG - Performance Comparison
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Returns By Period
In the year-to-date period, JNUG achieves a -45.63% return, which is significantly lower than AG's -9.68% return. Over the past 10 years, JNUG has underperformed AG with an annualized return of -32.42%, while AG has yielded a comparatively higher -1.67% annualized return.
JNUG
- 1D
- -7.15%
- 1M
- -15.90%
- 6M
- -52.25%
- YTD
- -45.63%
- 1Y
- 55.90%
- 3Y*
- 52.37%
- 5Y*
- 8.91%
- 10Y*
- -32.42%
- ALL TIME*
- -36.14%
AG
- 1D
- -4.21%
- 1M
- -15.66%
- 6M
- -27.79%
- YTD
- -9.68%
- 1Y
- 92.36%
- 3Y*
- 33.31%
- 5Y*
- 2.14%
- 10Y*
- -1.67%
- ALL TIME*
- 0.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $178.27M | $175.82M | $226.19M | |
| $33.40M | $38.00M | $44.93M |
JNUG vs. AG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JNUG Direxion Daily Junior Gold Miners Index Bull 2X ETF | -45.63% | 478.59% | 9.96% | -4.79% | -43.60% | -46.61% | -85.51% | 82.43% | -48.11% | -20.18% |
AG First Majestic Silver Corp. | -9.68% | 204.32% | -10.47% | -25.99% | -24.73% | -17.24% | 9.62% | 108.15% | -12.61% | -11.66% |
Correlation
The correlation between JNUG and AG is 0.88, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.88 |
Correlation (3Y) Balances recent behavior with more history. | 0.83 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.85 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2013 | 0.83 |
The correlation between JNUG and AG has been stable across timeframes, ranging from 0.83 to 0.88 - a consistent structural relationship.
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Return for Risk
JNUG vs. AG — Risk / Return Rank
JNUG
AG
JNUG vs. AG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Junior Gold Miners Index Bull 2X ETF (JNUG) and First Majestic Silver Corp. (AG). 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.
| JNUG | AG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.22 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.85 | 1.70 | -0.84 |
| Martin ratioReturn relative to average drawdown | 1.67 | 3.35 | -1.68 |
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Drawdowns
JNUG vs. AG - Drawdown Comparison
The maximum JNUG drawdown since its inception was -99.95%, which is greater than AG's maximum drawdown of -90.20%. Use the drawdown chart below to compare losses from any high point for JNUG and AG.
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Drawdown Indicators
| JNUG | AG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.95% | -90.20% | -9.75% |
Max Drawdown (1Y)Largest decline over 1 year | -70.58% | -53.00% | -17.58% |
Max Drawdown (3Y)Largest decline over 3 years | -70.58% | -53.00% | -17.58% |
Max Drawdown (5Y)Largest decline over 5 years | -76.67% | -70.28% | -6.39% |
Max Drawdown (10Y)Largest decline over 10 years | -99.66% | -80.82% | -18.84% |
Current DrawdownCurrent decline from peak | -99.70% | -53.00% | -46.70% |
Average DrawdownAverage peak-to-trough decline | -93.93% | -59.08% | -34.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.99% | 26.79% | +9.20% |
Volatility
JNUG vs. AG - Volatility Comparison
Direxion Daily Junior Gold Miners Index Bull 2X ETF (JNUG) has a higher volatility of 29.49% compared to First Majestic Silver Corp. (AG) at 18.02%. This indicates that JNUG's price experiences larger fluctuations and is considered to be riskier than AG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JNUG | AG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.49% | 18.02% | +11.47% |
Volatility (6M)Calculated over the trailing 6-month period | 90.25% | 57.35% | +32.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 107.20% | 74.97% | +32.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.38% | 62.17% | +20.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 105.73% | 61.87% | +43.86% |
Dividends
JNUG vs. AG - Dividend Comparison
JNUG's dividend yield for the trailing twelve months is around 2.62%, more than AG's 0.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
AG First Majestic Silver Corp. | 0.24% | 0.12% | 0.33% | 0.34% | 0.31% | 0.14% | 0.00% | 0.00% | 0.00% | 0.00% |
JNUG Direxion Daily Junior Gold Miners Index Bull 2X ETF | 2.62% | 1.04% | 2.01% | 1.62% | 0.00% | 0.52% | 0.10% | 0.46% | 0.06% | 0.51% |
Frequently Asked Questions
JNUG and AG have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JNUG has higher volatility (29.49%) compared to AG (18.02%). In terms of maximum drawdown, JNUG dropped -99.95% vs AG's -90.20%.
AG currently has the higher Sharpe Ratio (1.20 vs 0.56), 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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