JNUG vs. GDX
Compare and contrast key facts about Direxion Daily Junior Gold Miners Index Bull 2x Shares (JNUG) and VanEck Vectors Gold Miners ETF (GDX).
JNUG and GDX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JNUG 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. GDX is a passively managed fund by VanEck that tracks the performance of the NYSE Arca Gold Miners Index. It was launched on May 22, 2006. Both JNUG and GDX 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: JNUG or GDX.
Key characteristics
| JNUG | GDX | |
|---|---|---|
| YTD Return | 43.76% | 25.83% |
| 1Y Return | 81.56% | 43.75% |
| 3Y Return (Ann) | -12.96% | 7.21% |
| 5Y Return (Ann) | -38.17% | 9.65% |
| 10Y Return (Ann) | -35.34% | 8.95% |
| Sharpe Ratio | 1.16 | 1.37 |
| Sortino Ratio | 1.81 | 1.95 |
| Omega Ratio | 1.21 | 1.23 |
| Calmar Ratio | 0.82 | 0.76 |
| Martin Ratio | 4.89 | 5.88 |
| Ulcer Index | 16.66% | 7.36% |
| Daily Std Dev | 70.18% | 31.59% |
| Max Drawdown | -99.95% | -80.57% |
| Current Drawdown | -99.87% | -34.21% |
Correlation
The correlation between JNUG and GDX is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
JNUG vs. GDX - Performance Comparison
In the year-to-date period, JNUG achieves a 43.76% return, which is significantly higher than GDX's 25.83% return. Over the past 10 years, JNUG has underperformed GDX with an annualized return of -35.34%, while GDX has yielded a comparatively higher 8.95% 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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JNUG vs. GDX - Expense Ratio Comparison
JNUG has a 1.17% expense ratio, which is higher than GDX's 0.53% expense ratio.
Risk-Adjusted Performance
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.
Dividends
JNUG vs. GDX - Dividend Comparison
JNUG's dividend yield for the trailing twelve months is around 1.72%, more than GDX's 1.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JNUG Direxion Daily Junior Gold Miners Index Bull 2x Shares | 1.72% | 1.62% | 0.00% | 0.52% | 0.10% | 0.49% | 0.05% | 0.52% | 0.00% | 0.00% | 4.64% | 0.00% |
GDX VanEck Vectors Gold Miners ETF | 1.28% | 1.61% | 1.66% | 1.67% | 0.53% | 0.65% | 0.50% | 0.76% | 0.26% | 0.85% | 0.66% | 0.90% |
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.
Volatility
JNUG vs. GDX - Volatility Comparison
Direxion Daily Junior Gold Miners Index Bull 2x Shares (JNUG) has a higher volatility of 18.68% compared to VanEck Vectors Gold Miners ETF (GDX) at 8.66%. 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.