NUGT vs. JDST
Compare and contrast key facts about Direxion Daily Gold Miners Bull 2X Shares (NUGT) and Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST).
NUGT and JDST are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NUGT is a passively managed fund by Direxion that tracks the performance of the NYSE Arca Gold Miners Index (300%). It was launched on Apr 1, 2020. JDST 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. Both NUGT and JDST 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: NUGT or JDST.
Correlation
The correlation between NUGT and JDST is -0.16. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
NUGT vs. JDST - Performance Comparison
Key characteristics
NUGT:
1.30
JDST:
-0.91
NUGT:
1.86
JDST:
-1.56
NUGT:
1.24
JDST:
0.82
NUGT:
0.86
JDST:
-0.68
NUGT:
4.63
JDST:
-1.76
NUGT:
18.51%
JDST:
38.67%
NUGT:
65.99%
JDST:
74.84%
NUGT:
-99.97%
JDST:
-100.00%
NUGT:
-99.91%
JDST:
-100.00%
Returns By Period
In the year-to-date period, NUGT achieves a 93.84% return, which is significantly higher than JDST's -57.19% return. Over the past 10 years, NUGT has outperformed JDST with an annualized return of -17.93%, while JDST has yielded a comparatively lower -67.61% annualized return.
NUGT
93.84%
15.93%
27.93%
72.74%
0.54%
-17.93%
JDST
-57.19%
-23.51%
-40.29%
-66.72%
-44.43%
-67.61%
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NUGT vs. JDST - Expense Ratio Comparison
NUGT has a 1.23% expense ratio, which is higher than JDST's 1.10% expense ratio.
Risk-Adjusted Performance
NUGT vs. JDST — Risk-Adjusted Performance Rank
NUGT
JDST
NUGT vs. JDST - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Gold Miners Bull 2X Shares (NUGT) and Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST). 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
NUGT vs. JDST - Dividend Comparison
NUGT's dividend yield for the trailing twelve months is around 0.85%, less than JDST's 10.20% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NUGT Direxion Daily Gold Miners Bull 2X Shares | 0.85% | 1.79% | 1.67% | 0.70% | 0.00% | 0.00% | 0.63% | 0.57% | 0.00% | 0.00% | 0.00% | 0.00% |
JDST Direxion Daily Junior Gold Miners Index Bear 2X Shares | 10.20% | 6.52% | 4.80% | 0.00% | 0.00% | 11.79% | 3.16% | 0.57% | 0.00% | 0.00% | 0.00% | 3.20% |
Drawdowns
NUGT vs. JDST - Drawdown Comparison
The maximum NUGT drawdown since its inception was -99.97%, roughly equal to the maximum JDST drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for NUGT and JDST. For additional features, visit the drawdowns tool.
Volatility
NUGT vs. JDST - Volatility Comparison
The current volatility for Direxion Daily Gold Miners Bull 2X Shares (NUGT) is 31.78%, while Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST) has a volatility of 35.86%. This indicates that NUGT experiences smaller price fluctuations and is considered to be less risky than JDST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.