JNUG vs. INTW

Last updated Aug 2, 2026

JNUG (Direxion Daily Junior Gold Miners Index Bull 2X ETF) and INTW (GraniteShares 2x Long INTC Daily ETF) are both exchange-traded funds - JNUG is a Gold fund tracking the MVIS Global Junior Gold Miners Index (200%), while INTW is a Leveraged Equities fund actively managed by GraniteShares. JNUG is passively managed, while INTW is actively managed. Over the past year, JNUG returned 55.90% vs 991.22% for INTW. Their 0.16 correlation means their historical movements had little consistent relationship. JNUG charges 1.03%/yr vs 1.50%/yr for INTW.

Performance

JNUG vs. INTW - Performance Comparison

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

Returns By Period

In the year-to-date period, JNUG achieves a -45.63% return, which is significantly lower than INTW's 259.86% 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%

INTW

• 1D: -2.27%
• 1M: -47.68%
• 6M: 152.57%
• YTD: 259.86%
• 1Y: 991.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 233.14%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
INTW GraniteShares 2x Long INTC Daily ETF	$147.32M	$136.96M	$217.62M
JNUG Direxion Daily Junior Gold Miners Index Bull 2X ETF	$33.40M	$38.00M	$44.93M

JNUG vs. INTW - Yearly Performance Comparison

	2026 (YTD)	2025
JNUG Direxion Daily Junior Gold Miners Index Bull 2X ETF	-45.63%	299.03%
INTW GraniteShares 2x Long INTC Daily ETF	259.86%	60.89%

Correlation

The correlation between JNUG and INTW is 0.21, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.21
Correlation (All Time) Calculated using the full available price history since Feb 13, 2025	0.16

JNUG vs. INTW - Sectors Allocation Comparison

Sectors	JNUG	INTW
Basic Materials	100.0%	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	66.6%
Utilities	-	-

Return for Risk

JNUG vs. INTW — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JNUG

JNUG Risk / Return Rank: 30
JNUG Sharpe Ratio Rank: 25
JNUG Sortino Ratio Rank: 36
JNUG Omega Ratio Rank: 38
JNUG Calmar Ratio Rank: 27
JNUG Martin Ratio Rank: 23

INTW

INTW Risk / Return Rank: 97
INTW Sharpe Ratio Rank: 99
INTW Sortino Ratio Rank: 95
INTW Omega Ratio Rank: 93
INTW Calmar Ratio Rank: 99
INTW Martin Ratio Rank: 98

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JNUG vs. INTW - 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 GraniteShares 2x Long INTC Daily ETF (INTW). 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	INTW	Difference
Sharpe ratio: Return per unit of total volatility	0.56	5.98	-5.42
Sortino ratio: Return per unit of downside risk	1.37	4.00	-2.64
Omega ratio: Gain probability vs. loss probability	1.18	1.49	-0.31
Calmar ratio: Return relative to maximum drawdown	0.85	13.60	-12.75
Martin ratio: Return relative to average drawdown	1.67	36.74	-35.07

JNUG vs. INTW - Sharpe Ratio Comparison

The current JNUG Sharpe Ratio is 0.56, which is lower than the INTW Sharpe Ratio of 5.98. The chart below compares the historical Sharpe Ratios of JNUG and INTW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JNUG vs. INTW - Drawdown Comparison

The maximum JNUG drawdown since its inception was -99.95%, which is greater than INTW's maximum drawdown of -69.16%. Use the drawdown chart below to compare losses from any high point for JNUG and INTW.

Drawdown Indicators

	JNUG	INTW	Difference
Max Drawdown Largest peak-to-trough decline	-99.95%	-69.16%	-30.79%
Max Drawdown (1Y) Largest decline over 1 year	-70.58%	-69.16%	-1.42%
Max Drawdown (3Y) Largest decline over 3 years	-70.58%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-76.67%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-99.66%	—	—
Current Drawdown Current decline from peak	-99.70%	-62.96%	-36.74%
Average Drawdown Average peak-to-trough decline	-93.93%	-30.60%	-63.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	35.99%	25.56%	+10.43%

Volatility

JNUG vs. INTW - Volatility Comparison

The current volatility for Direxion Daily Junior Gold Miners Index Bull 2X ETF (JNUG) is 29.49%, while GraniteShares 2x Long INTC Daily ETF (INTW) has a volatility of 48.12%. This indicates that JNUG experiences smaller price fluctuations and is considered to be less risky than INTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JNUG	INTW	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.49%	48.12%	-18.63%
Volatility (6M) Calculated over the trailing 6-month period	90.25%	117.12%	-26.87%
Volatility (1Y) Calculated over the trailing 1-year period	107.20%	157.38%	-50.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	82.38%	150.65%	-68.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	105.73%	150.65%	-44.92%

JNUG vs. INTW - Expense Ratio Comparison

JNUG has a 1.03% expense ratio, which is lower than INTW's 1.50% expense ratio.

Dividends

JNUG vs. INTW - Dividend Comparison

JNUG's dividend yield for the trailing twelve months is around 2.62%, while INTW has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
INTW GraniteShares 2x Long INTC Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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

Can I hold both JNUG and INTW in my portfolio?

JNUG and INTW have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JNUG or INTW?

INTW has higher volatility (48.12%) compared to JNUG (29.49%). In terms of maximum drawdown, JNUG dropped -99.95% vs INTW's -69.16%.

Which ETF is better, JNUG or INTW?

On 1-year performance, INTW leads with 991.22% vs 55.90% for JNUG. On fees, JNUG is cheaper at 1.03% per year. On volatility, JNUG has been the lower-risk option at 29.49%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JNUG or INTW?

Over the 1-year period, INTW has performed better with a 991.22% return vs 55.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JNUG or INTW?

JNUG is cheaper with a 1.03% expense ratio, compared with 1.50% for INTW.

Which ETF pays a higher dividend yield, JNUG or INTW?

JNUG has the higher dividend yield at 2.62%, compared with 0.00% for INTW.

What is the main difference between JNUG and INTW?

JNUG is categorized as Gold, while INTW is Leveraged Equities. They also come from different issuers: Direxion and GraniteShares. Their fees differ too: 1.03% for JNUG and 1.50% for INTW.

Which has better risk-adjusted returns?

INTW currently has the higher Sharpe Ratio (5.98 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.