JNUG vs. TSYX

Last updated Aug 2, 2026

JNUG (Direxion Daily Junior Gold Miners Index Bull 2X ETF) and TSYX (TSPY Lift ETF) are both exchange-traded funds - JNUG is a Gold fund tracking the MVIS Global Junior Gold Miners Index (200%), while TSYX is a Leveraged Equities fund actively managed by TappAlpha. JNUG is passively managed, while TSYX is actively managed. Their 0.49 correlation means their historical movements had little consistent relationship. JNUG charges 1.03%/yr vs 0.98%/yr for TSYX.

Performance

JNUG vs. TSYX - 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 TSPY Lift ETF (TSYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

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%

TSYX

• 1D: 0.83%
• 1M: 0.07%
• 6M: 5.30%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
JNUG Direxion Daily Junior Gold Miners Index Bull 2X ETF	$33.40M	$38.00M	$44.93M
TSYX TSPY Lift ETF	$219.78K	$409.01K	$452.43K

JNUG vs. TSYX - Yearly Performance Comparison

	2026 (YTD)
JNUG Direxion Daily Junior Gold Miners Index Bull 2X ETF	-52.40%
TSYX TSPY Lift ETF	5.31%

Correlation

The correlation between JNUG and TSYX is 0.49, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 7, 2026	0.49

Return for Risk

JNUG vs. TSYX — 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

TSYX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. TSYX - 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 TSPY Lift ETF (TSYX). 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	TSYX	Difference
Sharpe ratio: Return per unit of total volatility	0.56	—	—
Sortino ratio: Return per unit of downside risk	1.37	—	—
Omega ratio: Gain probability vs. loss probability	1.18	—	—
Calmar ratio: Return relative to maximum drawdown	0.85	—	—
Martin ratio: Return relative to average drawdown	1.67	—	—

Drawdowns

JNUG vs. TSYX - Drawdown Comparison

The maximum JNUG drawdown since its inception was -99.95%, which is greater than TSYX's maximum drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for JNUG and TSYX.

Drawdown Indicators

	JNUG	TSYX	Difference
Max Drawdown Largest peak-to-trough decline	-99.95%	-13.39%	-86.56%
Max Drawdown (1Y) Largest decline over 1 year	-70.58%	—	—
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%	-2.52%	-97.18%
Average Drawdown Average peak-to-trough decline	-93.93%	-2.93%	-91.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	35.99%	—	—

Volatility

Volatility by Period

	JNUG	TSYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.49%	—	—
Volatility (6M) Calculated over the trailing 6-month period	90.25%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	107.20%	18.33%	+88.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	82.38%	18.33%	+64.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	105.73%	18.33%	+87.40%

JNUG vs. TSYX - Expense Ratio Comparison

JNUG has a 1.03% expense ratio, which is higher than TSYX's 0.98% expense ratio.

Dividends

JNUG vs. TSYX - Dividend Comparison

JNUG's dividend yield for the trailing twelve months is around 2.62%, less than TSYX's 9.19% 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%
TSYX TSPY Lift ETF	9.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JNUG and TSYX in my portfolio?

JNUG and TSYX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JNUG or TSYX?

On fees, TSYX is cheaper at 0.98% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JNUG or TSYX?

TSYX is cheaper with a 0.98% expense ratio, compared with 1.03% for JNUG.

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

TSYX has the higher dividend yield at 9.19%, compared with 2.62% for JNUG.

What is the main difference between JNUG and TSYX?

JNUG is categorized as Gold, while TSYX is Leveraged Equities. They also come from different issuers: Direxion and TappAlpha. Their fees differ too: 1.03% for JNUG and 0.98% for TSYX.