TYD vs. JNUG
TYD (Direxion Daily 7-10 Year Treasury Bull 3X) and JNUG (Direxion Daily Junior Gold Miners Index Bull 2X ETF) are both exchange-traded funds - TYD is a Leveraged Bonds fund tracking the NYSE 7-10 Year Treasury Bond Index, while JNUG is a Gold fund tracking the MVIS Global Junior Gold Miners Index (200%). Both are passively managed. Over the past 10 years, TYD returned -5.55%/yr vs -30.17%/yr for JNUG. At a 0.19 correlation, their price movements are largely independent. TYD charges 1.09%/yr vs 1.03%/yr for JNUG.
Performance
TYD vs. JNUG - Performance Comparison
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Returns By Period
In the year-to-date period, TYD achieves a -8.67% return, which is significantly higher than JNUG's -43.35% return. Over the past 10 years, TYD has outperformed JNUG with an annualized return of -5.55%, while JNUG has yielded a comparatively lower -30.17% annualized return.
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
- 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 vs. JNUG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Correlation
The correlation between TYD and JNUG 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
TYD vs. JNUG — Risk / Return Rank
TYD
JNUG
TYD vs. JNUG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily 7-10 Year Treasury Bull 3X (TYD) 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.
| TYD | JNUG | 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 | 0.96 | 1.16 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 0.65 | -0.94 |
| Martin ratioReturn relative to average drawdown | -0.64 | 1.34 | -1.98 |
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Drawdowns
TYD vs. JNUG - Drawdown Comparison
The maximum TYD drawdown since its inception was -64.28%, smaller than the maximum JNUG drawdown of -99.95%. Use the drawdown chart below to compare losses from any high point for TYD and JNUG.
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Drawdown Indicators
| TYD | JNUG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.28% | -99.95% | +35.67% |
Max Drawdown (1Y)Largest decline over 1 year | -13.54% | -70.58% | +57.04% |
Max Drawdown (3Y)Largest decline over 3 years | -22.32% | -70.58% | +48.26% |
Max Drawdown (5Y)Largest decline over 5 years | -59.84% | -76.67% | +16.83% |
Max Drawdown (10Y)Largest decline over 10 years | -64.28% | -99.66% | +35.38% |
Current DrawdownCurrent decline from peak | -60.31% | -99.69% | +39.38% |
Average DrawdownAverage peak-to-trough decline | -22.22% | -93.92% | +71.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.24% | 34.03% | -27.79% |
Volatility
TYD vs. JNUG - Volatility Comparison
The current volatility for Direxion Daily 7-10 Year Treasury Bull 3X (TYD) is 3.93%, while Direxion Daily Junior Gold Miners Index Bull 2X ETF (JNUG) has a volatility of 29.35%. This indicates that TYD experiences smaller price fluctuations and is considered to be less risky than JNUG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TYD | JNUG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.93% | 29.35% | -25.42% |
Volatility (6M)Calculated over the trailing 6-month period | 10.30% | 91.33% | -81.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.80% | 106.74% | -92.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.92% | 82.18% | -59.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.20% | 106.01% | -85.81% |
TYD vs. JNUG - Expense Ratio Comparison
TYD has a 1.09% expense ratio, which is higher than JNUG's 1.03% expense ratio.
Dividends
TYD vs. JNUG - Dividend Comparison
TYD's dividend yield for the trailing twelve months is around 3.38%, more than JNUG's 2.52% 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
TYD and JNUG 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, TYD dropped -64.28% vs JNUG's -99.95%.
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.
TYD is categorized as Leveraged Bonds, while JNUG is Gold. TYD tracks NYSE 7-10 Year Treasury Bond Index, while JNUG tracks MVIS Global Junior Gold Miners Index (200%). Their fees differ too: 1.09% for TYD and 1.03% for JNUG.
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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