JNUG vs. TYD
JNUG (Direxion Daily Junior Gold Miners Index Bull 2X ETF) and TYD (Direxion Daily 7-10 Year Treasury Bull 3X) are both exchange-traded funds - JNUG is a Gold fund tracking the MVIS Global Junior Gold Miners Index (200%), while TYD is a Leveraged Bonds fund tracking the NYSE 7-10 Year Treasury Bond Index. Both are passively managed. Over the past 10 years, JNUG returned -30.17%/yr vs -5.55%/yr for TYD. At a 0.19 correlation, their price movements are largely independent. JNUG charges 1.03%/yr vs 1.09%/yr for TYD.
Performance
JNUG vs. TYD - Performance Comparison
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Returns By Period
In the year-to-date period, JNUG achieves a -43.35% return, which is significantly lower than TYD's -8.67% return. Over the past 10 years, JNUG has underperformed TYD with an annualized return of -30.17%, while TYD has yielded a comparatively higher -5.55% annualized return.
JNUG
- 1D
- 11.43%
- 1M
- -20.63%
- 6M
- -59.92%
- YTD
- -43.35%
- 1Y
- 45.37%
- 3Y*
- 49.80%
- 5Y*
- 11.47%
- 10Y*
- -30.17%
- ALL TIME*
- -36.00%
TYD
- 1D
- -0.78%
- 1M
- -3.38%
- 6M
- -6.39%
- YTD
- -8.67%
- 1Y
- -3.97%
- 3Y*
- -4.77%
- 5Y*
- -14.54%
- 10Y*
- -5.55%
- ALL TIME*
- 0.96%
JNUG vs. TYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JNUG Direxion Daily Junior Gold Miners Index Bull 2X ETF | -43.35% | 478.59% | 9.96% | -4.79% | -43.60% | -46.61% | -85.51% | 82.43% | -48.11% | -20.18% |
TYD Direxion Daily 7-10 Year Treasury Bull 3X | -8.67% | 11.68% | -13.89% | -2.87% | -43.32% | -11.36% | 27.62% | 17.88% | 0.76% | 5.64% |
Correlation
The correlation between JNUG and TYD is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2013 | 0.19 |
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Return for Risk
JNUG vs. TYD — Risk / Return Rank
JNUG
TYD
JNUG vs. TYD - 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 7-10 Year Treasury Bull 3X (TYD). 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 | TYD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.96 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.65 | -0.29 | +0.94 |
| Martin ratioReturn relative to average drawdown | 1.34 | -0.64 | +1.98 |
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Drawdowns
JNUG vs. TYD - Drawdown Comparison
The maximum JNUG drawdown since its inception was -99.95%, which is greater than TYD's maximum drawdown of -64.28%. Use the drawdown chart below to compare losses from any high point for JNUG and TYD.
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Drawdown Indicators
| JNUG | TYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.95% | -64.28% | -35.67% |
Max Drawdown (1Y)Largest decline over 1 year | -70.58% | -13.54% | -57.04% |
Max Drawdown (3Y)Largest decline over 3 years | -70.58% | -22.32% | -48.26% |
Max Drawdown (5Y)Largest decline over 5 years | -76.67% | -59.84% | -16.83% |
Max Drawdown (10Y)Largest decline over 10 years | -99.66% | -64.28% | -35.38% |
Current DrawdownCurrent decline from peak | -99.69% | -60.31% | -39.38% |
Average DrawdownAverage peak-to-trough decline | -93.92% | -22.22% | -71.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.03% | 6.24% | +27.79% |
Volatility
JNUG vs. TYD - Volatility Comparison
Direxion Daily Junior Gold Miners Index Bull 2X ETF (JNUG) has a higher volatility of 29.35% compared to Direxion Daily 7-10 Year Treasury Bull 3X (TYD) at 3.93%. This indicates that JNUG's price experiences larger fluctuations and is considered to be riskier than TYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JNUG | TYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.35% | 3.93% | +25.42% |
Volatility (6M)Calculated over the trailing 6-month period | 91.33% | 10.30% | +81.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 106.74% | 13.80% | +92.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.18% | 22.92% | +59.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 106.01% | 20.20% | +85.81% |
JNUG vs. TYD - Expense Ratio Comparison
JNUG has a 1.03% expense ratio, which is lower than TYD's 1.09% expense ratio.
Dividends
JNUG vs. TYD - Dividend Comparison
JNUG's dividend yield for the trailing twelve months is around 2.52%, less than TYD's 3.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JNUG Direxion Daily Junior Gold Miners Index Bull 2X ETF | 2.52% | 1.04% | 2.01% | 1.62% | 0.00% | 0.52% | 0.10% | 0.46% | 0.06% | 0.51% | 0.00% | 0.00% |
TYD Direxion Daily 7-10 Year Treasury Bull 3X | 3.38% | 2.97% | 3.10% | 2.71% | 0.55% | 0.00% | 9.80% | 0.92% | 1.10% | 0.01% | 6.84% | 1.65% |
Frequently Asked Questions
JNUG and TYD have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JNUG has higher volatility (29.35%) compared to TYD (3.93%). In terms of maximum drawdown, JNUG dropped -99.95% vs TYD's -64.28%.
On 10-year performance, TYD leads with -5.55% vs -30.17% for JNUG. On fees, JNUG is cheaper at 1.03% per year. On volatility, TYD has been the lower-risk option at 3.93%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, TYD has performed better with a -5.55% return vs -30.17%. 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 1.09% for TYD.
TYD has the higher dividend yield at 3.38%, compared with 2.52% for JNUG.
JNUG is categorized as Gold, while TYD is Leveraged Bonds. JNUG tracks MVIS Global Junior Gold Miners Index (200%), while TYD tracks NYSE 7-10 Year Treasury Bond Index. Their fees differ too: 1.03% for JNUG and 1.09% for TYD.
JNUG currently has the higher Sharpe Ratio (0.43 vs -0.29), 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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