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JDST vs SVXY

Direxion Daily Junior Gold Miners Index Bear 2X ETF

JDSTCNYSE Arca

ProShares Short VIX Short-Term Futures ETF

SVXYBCboe

Overlap

0.0%by weight

Expense ratio

JDST −0.03pt a year

JDST0.92%SVXY0.95%

Avg volume · 30D

SVXY 2.3×the volume

JDST642KSVXY1.49M

10Y return · a year

SVXY +60.4pt

JDST−61.6%SVXY−1.2%

JDST vs SVXY Performance

Nov 2, 2021 – Nov 2, 2026

−98.4%JDST+92.6%SVXY

Nov 2, 2021 to Nov 2, 2026. JDST −98.4%. SVXY +92.6%. Use the arrow keys to read each point.−50%0%50%Nov 2021May 2024Nov 2026
Expense ratio
JDST 0.92%, better
SVXY 0.95%
Fund size
JDST $47M
SVXY $201M
1Y total return
JDST −61.1%
SVXY +21.8%, better
Yield (12M)
JDST 4.60%
SVXY No data
Holdings
JDST 4
SVXY 1
Avg volume (30D)
JDST 642K sh
SVXY 1.49M sh, better
NAV per share
JDST $34.61
SVXY $60.51
52W range

ETF.net Grade

JDST: Cost 50, Risk 17, Mission not scored, Tradability 46, Holdings not scored, Durability 53. SVXY: Cost 50, Risk 75, Mission not scored, Tradability 84, Holdings not scored, Durability 76.
Pillar letters and Scores for JDST, SVXY, with each pillar’s weight
PillarJDSTSVXY
Cost30% weightC50C50
Mission25% weightNot scoredNot scored
Risk15% weightF17A75Higher
Tradability15% weightC46A84Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC53A76Higher

Rank among Leveraged Inverse (2x & Other) funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. JDST and SVXY are both graded against the same 53 Leveraged Inverse (2x & Other) funds, so their Grades compare head to head.

Leveraged Inverse (2x & Other)⁠

Category · 53 funds
See all 53 ›

SVXY ranks 1st and JDST 31st of 53 funds in the Leveraged Inverse (2x & Other) Category.

  1. Rank 1BDOGProShares Short Dow30Score 65
  2. Rank 1BPSQProShares Short QQQScore 65
  3. Rank 1BSVXYProShares Short VIX Short-Term Futures ETFScore 65
  4. Rank 4BRWMProShares Short Russell2000Score 63
  5. Rank 29CFXPProShares UltraShort FTSE China 50Score 43
  6. Rank 31CJDSTDirexion Daily Junior Gold Miners Index Bear 2X ETFScore 41
  7. Rank 32CBZQProShares UltraShort MSCI Brazil CappedScore 40

Our read on each fund

ETF.net Research

JDSTCDirexion Daily Junior Gold Miners Index Bear 2X ETF

SVXYBProShares Short VIX Short-Term Futures 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.

SVXY Short volatility, half dose. SVXY targets one-half the inverse of a VIX short-term futures index each day, a deliberately de-tuned take on the short-vol trade, and it has run that mandate since 2011.

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.

SVXY SVXY seeks daily results equal to one-half the inverse of the S&P 500 VIX Short-Term Futures Index. Its objective is measured daily, so returns over longer periods can differ from the stated daily target.

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.
  • SVXY The half-strength design is the whole idea: a -0.5x daily target rather than full inverse, so a jump in VIX futures lands with half the force of a one-for-one short.proshares.com
  • 0.95% a year sits below the typical leveraged and inverse fund, and among that crowd this is one of the stronger implementations in its peer group.
  • Launched in 2011 and actively traded, so it has a long operating history and a working market for getting in and out.

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.
  • SVXY The objective resets daily. Hold longer and compounding takes over, so results over weeks or months can look nothing like half the inverse of the index.proshares.com
  • It is a commodity pool holding VIX futures, not a basket of stocks. Reporting and tax treatment follow different rules than a standard equity ETF.proshares.com
  • Pure price vehicle with no distribution stream, and volatility spikes arrive fast, which is exactly what a short-vol position is on the wrong side of.

Full JDST profile⁠

Full SVXY profile⁠

JDST vs SVXY Holdings

How JDST and SVXY differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of JDST and 0.0% of SVXY.

Level by level

  • Asset classLeveraged/Inverse, Alternatives0.0%
  • Holdings0 in both0.0%

Sector

No Sector split for JDST and SVXY.

Country, concentration and asset class

Country by domicile

No country split for JDST and SVXY.

Concentration

Weight in the 10 largest Holdings

  • JDST180.4%
  • SVXY100.0%

Securities held

  • JDST0
  • SVXY0

Asset class

JDST
Leveraged/Inverse
SVXY
Alternatives

Holdings

  • Only in JDST0
  • In both0
  • Only in SVXY0

Only in JDST

0 securities, 0.0% of JDST by weight

Only in SVXY

0 securities, 0.0% of SVXY by weight

Weight gaps

JDST and SVXY share no securities.

All 7 JDST holdings⁠All 3 SVXY holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

JDST vs SVXY Cost

Overpaying SVXY vs JDST

$496

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

  • JDST 0.92%

    $17,373

  • SVXY 0.95%

    $17,869

$10,000
30 years

Cost over time

  • JDST 0.92%
  • SVXY 0.95%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530SVXY $17,869JDST $17,373

Year by year

YearJDSTSVXYOverpaying
10$1,627$1,678$51
20$6,138$6,322$184
30$17,373$17,869$496

Expense ratio

  • 0.92%JDST, cheaper
  • 0.95%SVXY
  • Middle half of Leveraged Inverse (2x & Other) funds
  • Median 0.95%

JDST 4th cheapest of 53 funds

SVXY 6th cheapest of 53 funds

JDST vs SVXY Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
JDST 4.60%
SVXY No data
Payout (12M)
JDST $1.52
SVXY None
Last payment
JDST $0.21
SVXY No data
Ex-dividend
JDST Sep 22, 2026
SVXY No data
Paid on
JDST Sep 29, 2026
SVXY No data
Frequency
JDST Quarterly
SVXY No data

Distribution history

Per share, 2025 to 2026, same scale for both

JDSTQuarterly · 6 paymentsAll JDST payments⁠
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.$0$22026YTD
SVXYAll SVXY payments⁠

No distribution history available.

JDST vs SVXY Risk

Fall from peak · 5 years

  • JDST
  • SVXY
Nov 2, 2021 to Nov 2, 2026. Worst fall: JDST −99.5% · Aug 2026. Use the arrow keys to read each point.−100%−75%−50%−25%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
JDST 80.8%SVXY 26.5%, better
Return per unit of riskSharpe ratio, 3 years
JDST −1.10SVXY 0.42, better
Worst fallMax drawdown, 5 years
JDST −99.5%SVXY −46.4%, better
Market sensitivityBeta, 5 years
JDST −1.13SVXY 1.32

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