Skip to content
etf.net

JDST

GradeBNew York Stock Exchange Arca

Direxion Daily Junior Gold Miners Index Bear 2X ETF

Leveraged · Leveraged & Inverse · Direxion · Inception 2013-10-03 · SEC filings

This fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$22.29+1.91 (+9.37%)

As of Sep 23, 2026, 2:20 PM EDT

Intraday session: up, 59 prints from 20.38 to 22.29. Range 21.66 to 22.67. Use the arrow keys to read each point.$21.75$22.00$22.50$22.7510 AM12 PM2 PM4 PM
Expense ratio
0.92%
Fund size
$36M
1Y return
−77.3%
Yield · Last 12 months
13.23%
Holdings
7
Volume · 30D
0.6M sh
NAV per share
$22.16
52W range
low $18.95high $101.00

The ETF.net JDST Grade

B

62/ 100

Rank 16 of 54 in Leveraged Inverse (2x & Other)⁠

Confidence Medium

Six-pillar profile for JDST. Scores out of 100: Cost 96, Risk 12, Mission not scored, Tradability 51, Holdings not scored, Durability 52. Strongest: Cost (96). Weakest: Risk (12). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 62 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 96
    Category rank3/54 · top 6%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    FScore 12
    Category rank51/53 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 51
    Category rank28/54 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 52
    Category rank25/54 · top 46%

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on JDST

ETF.net Research

BThe gold trade's wildest corner, played from the short side. JDST targets 200% of the inverse of the junior gold miners index each day, then resets at the bell. A tactical instrument, priced below the leveraged-bear norm.

Stated mandate

JDST seeks daily investment results, before fees and expenses, equal to 200% of the inverse performance of the MVIS Global Junior Gold Miners Index.

Why people hold it

  1. 01Charges 0.92% a year, below the going rate in the leveraged bear aisle, where fees usually sting.
  2. 02One job, stated plainly: 200% of the inverse of the MVIS Global Junior Gold Miners Index, daily, before fees. No manager discretion, no drift into other bets.direxion.com
  3. 03Actively traded, which is what counts for a vehicle built to be held in short stretches and watched every day.
  4. 04Running since 2013, through full boom and bust cycles in gold, and one of the stronger builds in its leveraged bear peer group.

Worth knowing

  1. 01The -2x target applies to a single day. Hold longer and compounding takes the wheel: results can diverge sharply from twice the index's inverse move, especially in choppy markets.direxion.com
  2. 02Junior miners are the twitchiest slice of gold equities. Double the exposure and flip the sign, and daily moves get large in both directions.
  3. 03The asset base is small, something to weigh when sizing a position. Distributions, when paid, come on a quarterly schedule.

JDST Holdings

As of Sep 22, 2026, 10:02 PM
Asset class
Other
Holdings
7
Top-10 weight
207%
Largest holding
GDXJ SWAP ASSET LEG (GDXJUBS)72.8%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—GDXJ SWAP ASSET LEG (GDXJUBS)72.76%-200,320$-25M1
002—GDXJ SWAP ASSET LEG (GDXJCTS)52.64%-144,932$-18M1
003—GDXJ SWAP ASSET LEG (GDXJJPS)46.11%-126,934$-16M1
004—GDXJ SWAP ASSET LEG (GDXJBPS)35.76%-98,460$-12M1

Showing 1–4 of 4 holdings

JDST Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

JDST$2,270
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. JDST $2,270. SPY $11,723. Use the arrow keys to read each point.$1,326$6,930$12,535Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for JDST. Periods over one year show the average yearly return.
PeriodJDST
Year to date−60.0%
1 month+2.7%
3 months−43.3%
1 year−77.3%
3 years−75.5%per year
5 years−61.7%per year
10 years−62.6%per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for JDST
YearReturn barJDST
2026 YTD−60.0%
2025−91.2%
2024−43.9%
2023−31.1%
2022−26.2%
2021+11.0%
2020−96.0%

JDST in the news

ETF.net Research hasn’t filed on JDST yet — coverage lands here as it’s written.

JDST Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
13.23%Last 12 months
Payout per share
$2.70Last 12 months
Upcoming payment
$0.21 per share
Pays on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2025–2026

One bar per payment. 6 payments from 2025 to 2026 YTD. Jun 24, 2025 $1.92; Sep 23, 2025 $1.18; Dec 23, 2025 $0.44; Mar 24, 2026 $0.62; Jun 23, 2026 $0.25; Sep 22, 2026 $0.21. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Sep 22, 2026Pays Sep 29, 2026$0.21
Jun 23, 2026Jun 30, 2026$0.25
Mar 24, 2026Mar 31, 2026$0.62
Dec 23, 2025Dec 31, 2025$0.44
Sep 23, 2025Sep 30, 2025$1.18
Jun 24, 2025Jul 1, 2025$1.92
Mar 25, 2025Apr 1, 2025Data unavailable
Dec 23, 2024Dec 31, 2024Data unavailable
Sep 24, 2024Oct 1, 2024Data unavailable
Jun 25, 2024Jul 2, 2024Data unavailable
Mar 19, 2024Mar 26, 2024Data unavailable
Dec 21, 2023Dec 29, 2023Data unavailable

JDST Risk

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
76.9%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
−1.33
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−99.5%
Trough Aug 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
−1.13
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

JDST Cost

Expense ratio0.92%
  • The middle half of Leveraged Inverse (2x & Other) funds
  • Median 1.44%

2 of the 53 Leveraged Inverse (2x & Other) funds charge less.

JDST costs $92.00 a year on $10,000. The median Leveraged Inverse (2x & Other) fund costs $144.00.