TSYX vs. JNUG

Last updated Jun 25, 2026

TSYX (TSPY Lift ETF) and JNUG (Direxion Daily Junior Gold Miners Index Bull 2X ETF) are both exchange-traded funds - TSYX is a Leveraged Equities fund actively managed by TappAlpha, while JNUG is a Gold fund tracking the MVIS Global Junior Gold Miners Index (200%). TSYX is actively managed, while JNUG is passively managed. At a 0.50 correlation, their price movements are largely independent. TSYX charges 0.98%/yr vs 1.03%/yr for JNUG.

Performance

TSYX vs. JNUG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TSPY Lift ETF (TSYX) and Direxion Daily Junior Gold Miners Index Bull 2X ETF (JNUG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TSYX

• 1D: -0.73%
• 1M: -2.78%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JNUG

• 1D: -8.97%
• 1M: -29.49%
• YTD: -43.21%
• 6M: -48.13%
• 1Y: 51.63%
• 3Y*: 56.78%
• 5Y*: 8.08%
• 10Y*: -28.74%

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

TSYX vs. JNUG - Yearly Performance Comparison

	2026 (YTD)
TSYX TSPY Lift ETF	2.83%
JNUG Direxion Daily Junior Gold Miners Index Bull 2X ETF	-50.28%

Correlation

The correlation between TSYX and JNUG is 0.50, 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 7, 2026	0.50

Return for Risk

TSYX vs. JNUG — Risk / Return Rank

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

TSYX

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

JNUG

JNUG Risk / Return Rank: 21
JNUG Sharpe Ratio Rank: 17
JNUG Sortino Ratio Rank: 25
JNUG Omega Ratio Rank: 27
JNUG Calmar Ratio Rank: 19
JNUG Martin Ratio Rank: 18

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.

TSYX vs. JNUG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TSPY Lift ETF (TSYX) and Direxion Daily Junior Gold Miners Index Bull 2X ETF (JNUG). 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.

	TSYX	JNUG	Difference
Sharpe ratio: Return per unit of total volatility	—	0.50	—
Sortino ratio: Return per unit of downside risk	—	1.28	—
Omega ratio: Gain probability vs. loss probability	—	1.17	—
Calmar ratio: Return relative to maximum drawdown	—	0.77	—
Martin ratio: Return relative to average drawdown	—	1.78	—

Drawdowns

TSYX vs. JNUG - Drawdown Comparison

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

Drawdown Indicators

	TSYX	JNUG	Difference
Max Drawdown Largest peak-to-trough decline	-13.39%	-99.95%	+86.56%
Max Drawdown (1Y) Largest decline over 1 year	—	-67.53%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-67.53%	—
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	-4.82%	-99.69%	+94.87%
Average Drawdown Average peak-to-trough decline	-2.99%	-93.89%	+90.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	29.04%	—

Volatility

Volatility by Period

	TSYX	JNUG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	41.25%	—
Volatility (6M) Calculated over the trailing 6-month period	—	90.47%	—
Volatility (1Y) Calculated over the trailing 1-year period	19.09%	104.70%	-85.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.09%	81.73%	-62.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.09%	106.72%	-87.63%

TSYX vs. JNUG - Expense Ratio Comparison

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

Dividends

TSYX vs. JNUG - Dividend Comparison

TSYX's dividend yield for the trailing twelve months is around 7.31%, more than JNUG's 2.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
JNUG Direxion Daily Junior Gold Miners Index Bull 2X ETF	2.51%	1.04%	2.01%	1.62%	0.00%	0.52%	0.10%	0.46%	0.06%	0.51%
TSYX TSPY Lift ETF	7.31%	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 TSYX and JNUG in my portfolio?

TSYX and JNUG have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TSYX or JNUG?

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, TSYX or JNUG?

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

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

TSYX has the higher dividend yield at 7.31%, compared with 2.51% for JNUG.

What is the main difference between TSYX and JNUG?

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