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JNUG vs. GDX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between JNUG and GDX is 0.16, 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.


-0.50.00.51.0
Correlation: 0.2

Performance

JNUG vs. GDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Junior Gold Miners Index Bull 2x Shares (JNUG) and VanEck Vectors Gold Miners ETF (GDX). The values are adjusted to include any dividend payments, if applicable.

-100.00%-50.00%0.00%50.00%100.00%150.00%NovemberDecember2025FebruaryMarchApril
-99.80%
130.11%
JNUG
GDX

Key characteristics

Sharpe Ratio

JNUG:

1.39

GDX:

1.64

Sortino Ratio

JNUG:

1.98

GDX:

2.17

Omega Ratio

JNUG:

1.25

GDX:

1.28

Calmar Ratio

JNUG:

1.04

GDX:

1.24

Martin Ratio

JNUG:

5.52

GDX:

5.92

Ulcer Index

JNUG:

18.79%

GDX:

9.24%

Daily Std Dev

JNUG:

74.65%

GDX:

33.39%

Max Drawdown

JNUG:

-99.95%

GDX:

-80.57%

Current Drawdown

JNUG:

-99.81%

GDX:

-15.11%

Returns By Period

In the year-to-date period, JNUG achieves a 95.50% return, which is significantly higher than GDX's 46.74% return. Over the past 10 years, JNUG has underperformed GDX with an annualized return of -28.51%, while GDX has yielded a comparatively higher 10.79% annualized return.


JNUG

YTD

95.50%

1M

18.58%

6M

25.99%

1Y

95.50%

5Y*

-1.91%

10Y*

-28.51%

GDX

YTD

46.74%

1M

10.53%

6M

19.50%

1Y

52.01%

5Y*

9.45%

10Y*

10.79%

*Annualized

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JNUG vs. GDX - Expense Ratio Comparison

JNUG has a 1.17% expense ratio, which is higher than GDX's 0.53% expense ratio.


Expense ratio chart for JNUG: current value is 1.17%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
JNUG: 1.17%
Expense ratio chart for GDX: current value is 0.53%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
GDX: 0.53%

Risk-Adjusted Performance

JNUG vs. GDX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JNUG
The Risk-Adjusted Performance Rank of JNUG is 8787
Overall Rank
The Sharpe Ratio Rank of JNUG is 8989
Sharpe Ratio Rank
The Sortino Ratio Rank of JNUG is 8989
Sortino Ratio Rank
The Omega Ratio Rank of JNUG is 8787
Omega Ratio Rank
The Calmar Ratio Rank of JNUG is 8484
Calmar Ratio Rank
The Martin Ratio Rank of JNUG is 8686
Martin Ratio Rank

GDX
The Risk-Adjusted Performance Rank of GDX is 8989
Overall Rank
The Sharpe Ratio Rank of GDX is 9292
Sharpe Ratio Rank
The Sortino Ratio Rank of GDX is 9191
Sortino Ratio Rank
The Omega Ratio Rank of GDX is 8989
Omega Ratio Rank
The Calmar Ratio Rank of GDX is 8787
Calmar Ratio Rank
The Martin Ratio Rank of GDX is 8787
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

JNUG vs. GDX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Junior Gold Miners Index Bull 2x Shares (JNUG) and VanEck Vectors Gold Miners ETF (GDX). 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.


The chart of Sharpe ratio for JNUG, currently valued at 1.39, compared to the broader market-1.000.001.002.003.004.00
JNUG: 1.39
GDX: 1.64
The chart of Sortino ratio for JNUG, currently valued at 1.98, compared to the broader market-2.000.002.004.006.008.00
JNUG: 1.98
GDX: 2.17
The chart of Omega ratio for JNUG, currently valued at 1.25, compared to the broader market0.501.001.502.002.50
JNUG: 1.25
GDX: 1.28
The chart of Calmar ratio for JNUG, currently valued at 1.04, compared to the broader market0.002.004.006.008.0010.0012.00
JNUG: 1.04
GDX: 2.43
The chart of Martin ratio for JNUG, currently valued at 5.52, compared to the broader market0.0020.0040.0060.00
JNUG: 5.52
GDX: 5.92

The current JNUG Sharpe Ratio is 1.39, which is comparable to the GDX Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of JNUG and GDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.00NovemberDecember2025FebruaryMarchApril
1.39
1.64
JNUG
GDX

Dividends

JNUG vs. GDX - Dividend Comparison

JNUG's dividend yield for the trailing twelve months is around 1.71%, more than GDX's 0.81% yield.


TTM20242023202220212020201920182017201620152014
JNUG
Direxion Daily Junior Gold Miners Index Bull 2x Shares
1.71%2.01%1.62%0.00%0.52%0.10%0.49%0.05%0.52%0.00%0.00%4.64%
GDX
VanEck Vectors Gold Miners ETF
0.81%1.19%1.61%1.66%1.67%0.53%0.65%0.50%0.76%0.26%0.85%0.66%

Drawdowns

JNUG vs. GDX - Drawdown Comparison

The maximum JNUG drawdown since its inception was -99.95%, which is greater than GDX's maximum drawdown of -80.57%. Use the drawdown chart below to compare losses from any high point for JNUG and GDX. For additional features, visit the drawdowns tool.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%NovemberDecember2025FebruaryMarchApril
-99.81%
-4.14%
JNUG
GDX

Volatility

JNUG vs. GDX - Volatility Comparison

Direxion Daily Junior Gold Miners Index Bull 2x Shares (JNUG) has a higher volatility of 34.70% compared to VanEck Vectors Gold Miners ETF (GDX) at 15.86%. This indicates that JNUG's price experiences larger fluctuations and is considered to be riskier than GDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


10.00%15.00%20.00%25.00%30.00%35.00%NovemberDecember2025FebruaryMarchApril
34.70%
15.86%
JNUG
GDX