Data as of .
JDST vs JNUG: which held to its multiple?
Over three months against its own daily promise, JDST finished 1.4 points over and JNUG 2.0 points short.
ETFIQ Decay Resistance Score: JNUG scores higher
Did it keep up with its own daily multiple, compounded day by day?
A percentile among the 121 inverse ETFs over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it · How it is computed
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| JDST | JNUG | JDST | JNUG | JDST | JNUG | |
| 1 month | −15.2% | +7.3% | −9.9% | +9.9% | −5.3 pts | −2.6 pts |
| 3 months | −43.4% | +32.8% | −40.6% | +40.6% | −2.9 pts | −7.8 pts |
| 6 months | −37.4% | −16.0% | −2.4% | +2.4% | −35.0 pts | −18.4 pts |
| 1 year | −78.8% | +37.4% | −84.8% | +84.8% | +6.1 pts | −47.4 pts |
| 3 years | −98.3% | +564.1% | not meaningful | not meaningful | not meaningful | not meaningful |
| Since launch | −100.0% | −99.5% | not meaningful | not meaningful | not meaningful | not meaningful |
| JDST Direxion Daily Junior Gold Miners Index Bear 2X ETF Aims to return twice the opposite of the daily move of VANECK JUNIOR GOLD MINERS ETF (GDXJ) | JNUG Direxion Daily Junior Gold Miners Index Bull 2X ETF Aims to return twice the daily move of VANECK JUNIOR GOLD MINERS ETF (GDXJ) | |
|---|---|---|
| Issuer | Direxion | Direxion |
| Sets out to return | -2x | +2x |
| On | GDXJ | GDXJ |
| Segment | metal | metal |
| Fund returned, 3 months | −43.4% | +32.8% |
| Underlying returned, 3 months | +20.3% | +20.3% |
| What the stated multiple implies, 3 months | −40.6% | +40.6% |
| Difference from stated, 3 months | −2.9 pts | −7.8 pts |
| Fund returned, 1 year or since launch | −78.8% | +37.4% |
| Difference from stated, over that window | +6.1 pts | −47.4 pts |
| Underlying volatility | 54% | 54% |
| Expense ratio | 0.92% | 1.03% |
| Launched | Oct 3, 2013 | Oct 3, 2013 |
JDST in plain words
Three months to Sep 11, 2026: JDST returned −43.4% where its own daily promise gave −44.9%, 1.4 points over. Read the multiple against the whole window instead and −2 times GDXJ's 20.3% implies −40.6%, which makes JDST look 2.9 points short. 4.3 of that is daily compounding, which happens to any −2 times fund over the same path, and the rest is the fund. JDST aims to return -2 times GDXJ's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not -2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. GDXJ moved at 54% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.
JNUG in plain words
Three months to Sep 11, 2026: JNUG returned +32.8% where its own daily promise gave +34.8%, 2.0 points short. Read the multiple against the whole window instead and +2 times GDXJ's 20.3% implies +40.6%, which makes JNUG look 7.8 points short. 5.8 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. JNUG aims to return +2 times GDXJ's move each day, then resets. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more.
Questions people ask
- Which came closer to its stated multiple, JDST or JNUG?
- Over the window to Sep 11, 2026, JDST finished 2.9 points from what its multiple implies and JNUG finished 7.8 points from its own, so JDST came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are JDST and JNUG levered on the same thing?
- Yes. Both are levered on VANECK JUNIOR GOLD MINERS ETF, JDST at -2 times and JNUG at +2 times the daily move.
- Which one decays faster, JDST or JNUG?
- Decay follows how much the underlying moves about. Over this window JDST’s moved at 54% annualized and JNUG’s at 54%, so JDST has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold JDST or JNUG for a year?
- Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
- Which is cheaper, JDST or JNUG?
- JDST charges 0.92% a year and JNUG charges 1.03%, so JDST is cheaper. Fees come from each fund's prospectus.
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, JDST against JNUG, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/JDST-JNUG Free to use with attribution; the underlying files are at Open data.