JNUG vs. SOXS
JNUG (Direxion Daily Junior Gold Miners Index Bull 2X ETF) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both exchange-traded funds - JNUG is a Gold fund tracking the MVIS Global Junior Gold Miners Index (200%), while SOXS is a Inverse Equities fund tracking the PHLX Semiconductor Index (-300%). Both are passively managed. Over the past 10 years, JNUG returned -32.42%/yr vs -78.06%/yr for SOXS. Their -0.15 correlation means they have often moved in opposite directions in the past. JNUG charges 1.03%/yr vs 1.08%/yr for SOXS.
Performance
JNUG vs. SOXS - Performance Comparison
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Returns By Period
In the year-to-date period, JNUG achieves a -45.63% return, which is significantly higher than SOXS's -91.17% return. Over the past 10 years, JNUG has outperformed SOXS with an annualized return of -32.42%, while SOXS has yielded a comparatively lower -78.06% 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%
SOXS
- 1D
- 0.65%
- 1M
- 20.33%
- 6M
- -85.96%
- YTD
- -91.17%
- 1Y
- -96.46%
- 3Y*
- -84.46%
- 5Y*
- -78.46%
- 10Y*
- -78.06%
- ALL TIME*
- -70.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $33.40M | $38.00M | $44.93M | |
| $3.72B | $3.43B | $3.32B |
JNUG vs. SOXS - 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% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -91.17% | -85.53% | -59.55% | -84.56% | 15.76% | -80.94% | -92.90% | -83.81% | -19.39% | -69.39% |
Correlation
The correlation between JNUG and SOXS is -0.38, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.38 |
Correlation (3Y) Balances recent behavior with more history. | -0.28 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.27 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.18 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2013 | -0.15 |
Over the past year, the inverse relationship between JNUG and SOXS has strengthened: their correlation has moved from -0.15 to -0.38, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
JNUG vs. SOXS — Risk / Return Rank
JNUG
SOXS
JNUG vs. SOXS - 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 Direxion Daily Semiconductor Bear 3x Shares (SOXS). 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 | SOXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.29 | ||
| Sortino ratioReturn per unit of downside risk | +3.82 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 0.74 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 0.85 | -0.98 | +1.84 |
| Martin ratioReturn relative to average drawdown | 1.67 | -1.35 | +3.02 |
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Drawdowns
JNUG vs. SOXS - Drawdown Comparison
The maximum JNUG drawdown since its inception was -99.95%, roughly equal to the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for JNUG and SOXS.
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Drawdown Indicators
| JNUG | SOXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.95% | -100.00% | +0.05% |
Max Drawdown (1Y)Largest decline over 1 year | -70.58% | -97.89% | +27.31% |
Max Drawdown (3Y)Largest decline over 3 years | -70.58% | -99.87% | +29.29% |
Max Drawdown (5Y)Largest decline over 5 years | -76.67% | -99.98% | +23.31% |
Max Drawdown (10Y)Largest decline over 10 years | -99.66% | -100.00% | +0.34% |
Current DrawdownCurrent decline from peak | -99.70% | -100.00% | +0.30% |
Average DrawdownAverage peak-to-trough decline | -93.93% | -92.65% | -1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.99% | 71.27% | -35.28% |
Volatility
JNUG vs. SOXS - Volatility Comparison
The current volatility for Direxion Daily Junior Gold Miners Index Bull 2X ETF (JNUG) is 29.49%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 55.41%. This indicates that JNUG experiences smaller price fluctuations and is considered to be less risky than SOXS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JNUG | SOXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.49% | 55.41% | -25.92% |
Volatility (6M)Calculated over the trailing 6-month period | 90.25% | 117.32% | -27.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 107.20% | 132.87% | -25.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.38% | 114.55% | -32.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 105.73% | 103.76% | +1.97% |
JNUG vs. SOXS - Expense Ratio Comparison
JNUG has a 1.03% expense ratio, which is lower than SOXS's 1.08% expense ratio.
Dividends
JNUG vs. SOXS - Dividend Comparison
JNUG's dividend yield for the trailing twelve months is around 2.62%, less than SOXS's 41.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 41.84% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% | 0.00% |
Frequently Asked Questions
JNUG and SOXS have a correlation of -0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (55.41%) compared to JNUG (29.49%). In terms of maximum drawdown, JNUG dropped -99.95% vs SOXS's -100.00%.
On 10-year performance, JNUG leads with -32.42% vs -78.06% for SOXS. 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.
Over the 10-year period, JNUG has performed better with a -32.42% return vs -78.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JNUG is cheaper with a 1.03% expense ratio, compared with 1.08% for SOXS.
SOXS has the higher dividend yield at 41.84%, compared with 2.62% for JNUG.
JNUG is categorized as Gold, while SOXS is Inverse Equities. JNUG tracks MVIS Global Junior Gold Miners Index (200%), while SOXS tracks PHLX Semiconductor Index (-300%). Their fees differ too: 1.03% for JNUG and 1.08% for SOXS.
JNUG currently has the higher Sharpe Ratio (0.56 vs -0.73), 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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