JDST vs QQQD

JDSTCDirexion Daily Junior Gold Miners Index Bear 2X ETF

QQQDCDirexion Daily Magnificent 7 Bear 1X ETF

In short

JDST The 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.

QQQD Fading the Magnificent 7 without a leverage multiplier: QQQD aims for -100% of the Indxx Magnificent 7 Index's daily move, one-for-one, at 0.50% net of a waiver through September 1, 2027.

Stated mandate

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

QQQD The fund seeks daily investment results equal to 100% of the inverse performance of the Indxx Magnificent 7 Index, before fees and expenses.

Why people hold it

• JDST 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.

• QQQD One-for-one inverse, not 2x or 3x. A 1% index gain is designed to show up as roughly a 1% fund loss that day, and the reverse on down days, with no leverage stacked on top.direxion.com
• 0.50% net of a waiver through September 1, 2027, below the category median and below the 0.95% at PSQ and DOG (net of waivers through September 30, 2027).
• Surgical target: the short exposure is to the Magnificent 7 basket itself, not a broad Nasdaq index where those seven names get diluted by dozens of others.direxion.com
• Despite launching in 2024, it stands in the upper half of a crowded bear and inverse peer group.

Worth knowing

• JDST 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.

• QQQD Exposure resets every day. Hold longer than a day and compounding means the result can drift from the simple inverse of the index's move over that stretch.direxion.com
• Seven mega-caps drive everything. One earnings surprise or one AI headline can move the whole basket, with no other holdings to soften it.direxion.com
• That 0.50% is a net figure. Gross expenses run 1.08%, so the cost picture shifts if the waiver is not extended past September 1, 2027.

Full JDST profile⁠

Full QQQD profile⁠