JNUG vs. TMF
Compare and contrast key facts about Direxion Daily Junior Gold Miners Index Bull 2x Shares (JNUG) and Direxion Daily 20-Year Treasury Bull 3X (TMF).
JNUG and TMF 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. TMF is a passively managed fund by Direxion that tracks the performance of the NYSE 20 Year Plus Treasury Bond Index (300%). It was launched on Apr 16, 2009. Both JNUG and TMF 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 TMF.
Key characteristics
| JNUG | TMF | |
|---|---|---|
| YTD Return | 18.79% | -26.22% |
| 1Y Return | -3.42% | -41.31% |
| 3Y Return (Ann) | -25.56% | -39.96% |
| 5Y Return (Ann) | -35.22% | -25.35% |
| 10Y Return (Ann) | -45.08% | -10.38% |
| Sharpe Ratio | -0.03 | -0.88 |
| Daily Std Dev | 65.84% | 48.66% |
| Max Drawdown | -99.95% | -92.18% |
| Current Drawdown | -99.90% | -90.35% |
Correlation
The correlation between JNUG and TMF is 0.19, 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.
Performance
JNUG vs. TMF - Performance Comparison
In the year-to-date period, JNUG achieves a 18.79% return, which is significantly higher than TMF's -26.22% return. Over the past 10 years, JNUG has underperformed TMF with an annualized return of -45.08%, while TMF has yielded a comparatively higher -10.38% 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. TMF - Expense Ratio Comparison
JNUG has a 1.17% expense ratio, which is higher than TMF's 1.09% expense ratio.
Risk-Adjusted Performance
JNUG vs. TMF - 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 Direxion Daily 20-Year Treasury Bull 3X (TMF). 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. TMF - Dividend Comparison
JNUG's dividend yield for the trailing twelve months is around 1.84%, less than TMF's 3.79% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JNUG Direxion Daily Junior Gold Miners Index Bull 2x Shares | 1.84% | 1.62% | 0.00% | 0.52% | 0.10% | 0.49% | 0.05% | 0.52% | 0.00% | 0.00% | 4.64% | 0.00% |
TMF Direxion Daily 20-Year Treasury Bull 3X | 3.79% | 2.82% | 1.62% | 0.13% | 0.48% | 0.94% | 1.49% | 0.41% | 0.00% | 0.00% | 0.00% | 0.57% |
Drawdowns
JNUG vs. TMF - Drawdown Comparison
The maximum JNUG drawdown since its inception was -99.95%, which is greater than TMF's maximum drawdown of -92.18%. Use the drawdown chart below to compare losses from any high point for JNUG and TMF. For additional features, visit the drawdowns tool.
Volatility
JNUG vs. TMF - Volatility Comparison
Direxion Daily Junior Gold Miners Index Bull 2x Shares (JNUG) has a higher volatility of 21.50% compared to Direxion Daily 20-Year Treasury Bull 3X (TMF) at 9.89%. This indicates that JNUG's price experiences larger fluctuations and is considered to be riskier than TMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.