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Launched · SEC filings

Direxion Daily Junior Gold Miners Index Bear 2X ETF

JDSTNYSE ArcaDirexionCThis 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.

$33.06−1.50 (−4.34%)

At close: Nov 2, 2026, 4:00 PM ET

C41/ 100

Rank 31 of 54 in Leveraged Inverse (2x & Other)

C41/100Rank 31 of 54inLeveraged Inverse (2x & Other)
Intraday session: down, 79 prints from 34.56 to 33.06. Range 31.48 to 33.29. Use the arrow keys to read each point.31.5032.0032.5033.5034.0010 AM12 PM2 PM4 PM
Expense ratio
0.92%
Fund size
$47M
1Y total return
−61.1%
Yield · Last 12 months
4.60%
Holdings
4
Avg volume · 30D
642K sh
52W range
low $18.95high $101.00
Launched
Filings
SEC EDGAR

The ETF.net JDST Grade

Based on 4 of 6 pillars

C

Score 41 out of 100

Category
Leveraged Inverse (2x & Other)⁠
Rank
31 of 54
Six-pillar profile for JDST. Scores out of 100: Cost 50, Risk 17, Mission not scored, Tradability 46, Holdings not scored, Durability 53. Strongest: Durability (53). Weakest: Risk (17). Based on 4 of 6 pillars.

Score 41 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C50 out of 100
    Rank 1 of 54

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F17 out of 100
    Rank 51 of 53

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C46 out of 100
    Rank 29 of 54

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C53 out of 100
    Rank 24 of 54

Our read on JDST

ETF.net Research

In short

CThe 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

  • Charges 0.92% a year, below the going rate in the leveraged bear aisle, where fees usually sting.
  • One 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
  • Actively traded, which is what counts for a vehicle built to be held in short stretches and watched every day.
  • Running since 2013, through full boom and bust cycles in gold, and one of the stronger builds in its leveraged bear peer group.

Worth knowing

  • The -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
  • Junior miners are the twitchiest slice of gold equities. Double the exposure and flip the sign, and daily moves get large in both directions.
  • The asset base is small, something to weigh when sizing a position. Distributions, when paid, come on a quarterly schedule.

JDST Performance

Launched Oct 3, 2013

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

JDST$3,892
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. JDST $3,892. SPY $11,146. Use the arrow keys to read each point.$2,500$5,000$7,500$10,000Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 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−35.2%
1 month+30.3%
3 months−20.3%
1 year−61.1%
3 yearsper year−71.3%
5 yearsper year−56.4%
10 yearsper year−61.6%

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−35.2%

JDST in the news

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 Nov 2, 2026.
4.60%Last 12 months
Payout per share
$1.52Last 12 months
Last payment
$0.21 per share
Paid 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, 2026Sep 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, 2025No data
Dec 23, 2024Dec 31, 2024No data
Sep 24, 2024Oct 1, 2024No data
Jun 25, 2024Jul 2, 2024No data
Mar 19, 2024Mar 26, 2024No data
Dec 21, 2023Dec 29, 2023No data

See all 25 payments⁠

$10,000 in JDST 10 years ago paid $0.09 in dividends.⁠

JDST Risk

Risk pillarF17 out of 100Rank 51 of 53 in Leveraged Inverse (2x & Other)

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.
80.8%
Annualised · 36 months to Oct 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.
−1.10
vs 3-month T-bills · to Oct 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.

FMP measures it over up to five years of monthly returns.

JDST Cost

Compare JDST and QQQD

Overpaying vs QQQD, cheapest in Leveraged Inverse (2x & Other)

$7,394

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • JDST 0.92%

    $17,373

  • QQQD 0.50% Cheapest

    $9,979

$10,000
30 years

Cost over time

  • JDST 0.92%
  • QQQD 0.50%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530JDST $17,373QQQD $9,979

Year by year

YearJDSTQQQDOverpaying
10$1,627$900$727
20$6,138$3,460$2,678
30$17,373$9,979$7,394

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