JNUG vs. TSYX

Last updated Jun 3, 2026

JNUG (Direxion Daily Junior Gold Miners Index Bull 2x Shares) and TSYX (TSPY Lift ETF) are both Leveraged Equities funds. JNUG is passively managed, while TSYX is actively managed. At a 0.43 correlation, their price movements are largely independent. JNUG charges 1.17%/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 Shares (JNUG) and TSPY Lift ETF (TSYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

JNUG

• 1D: 1.51%
• 1M: -2.04%
• YTD: -13.94%
• 6M: -0.62%
• 1Y: 112.06%
• 3Y*: 71.84%
• 5Y*: 12.42%
• 10Y*: -23.85%

TSYX

• 1D: 0.35%
• 1M: 6.39%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JNUG vs. TSYX - Yearly Performance Comparison

	2026 (YTD)
JNUG Direxion Daily Junior Gold Miners Index Bull 2x Shares	-22.40%
TSYX TSPY Lift ETF	8.88%

Correlation

The correlation between JNUG and TSYX is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 8, 2026	0.43

Return for Risk

JNUG vs. TSYX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JNUG

JNUG Risk / Return Rank: 37
JNUG Sharpe Ratio Rank: 32
JNUG Sortino Ratio Rank: 33
JNUG Omega Ratio Rank: 37
JNUG Calmar Ratio Rank: 50
JNUG Martin Ratio Rank: 36

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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 Shares (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.

	JNUG	TSYX	Difference
Sharpe ratio Return per unit of total volatility	1.14	—	—
Sortino ratio Return per unit of downside risk	1.76	—	—
Omega ratio Gain probability vs. loss probability	1.24	—	—
Calmar ratio Return relative to maximum drawdown	2.45	—	—
Martin ratio Return relative to average drawdown	5.48	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	JNUG	TSYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.14	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.16	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.22	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.29	1.31	-1.60

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	-56.39%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-56.39%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-80.95%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-99.66%	—	—
Current Drawdown Current decline from peak	-99.52%	0.00%	-99.52%
Average Drawdown Average peak-to-trough decline	-93.89%	-3.00%	-90.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.28%	—	—

Volatility

Volatility by Period

	JNUG	TSYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	31.67%	—	—
Volatility (6M) Calculated over the trailing 6-month period	83.60%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	99.37%	18.30%	+81.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	80.40%	18.30%	+62.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	106.52%	18.30%	+88.22%

JNUG vs. TSYX - Expense Ratio Comparison

JNUG has a 1.17% 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 1.43%, less than TSYX's 5.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
JNUG Direxion Daily Junior Gold Miners Index Bull 2x Shares	1.43%	1.04%	2.01%	1.62%	0.00%	0.52%	0.10%	0.46%	0.06%	0.51%
TSYX TSPY Lift ETF	5.77%	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 0.43, 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 1.17% for JNUG.

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

TSYX has the higher dividend yield at 5.77%, compared with 1.43% for JNUG.

What is the main difference between JNUG and TSYX?

They also come from different issuers: Direxion and TappAlpha. Their fees differ too: 1.17% for JNUG and 0.98% for TSYX.