JDST vs QQQ
Direxion Daily Junior Gold Miners Index Bear 2X ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | JDST | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.92% | 0.18% | |
| AUM | $31M | $496.3B | |
| Dividend Yield | 5.95% | 0.44% | |
| Holdings | 6 | 108 | |
| YTD Return | -61.34% | +16.64% | |
| 1Y Return | -86.68% | +27.27% | |
| 3Y Return (annualized) | -75.30% | +25.96% | |
| 5Y Return (annualized) | -60.71% | +14.54% | |
| Volatility (annualized) | 96.8% | 30.6% | |
| Max Drawdown | -100.0% | -83.0% | |
| Fund Family | Direxion Shares ETF Trust | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Oct 3, 2013 | Mar 10, 1999 |
JDST vs QQQ Performance
Direxion Daily Junior Gold Miners Index Bear 2X ETF (JDST) is a ETF from Direxion Shares ETF Trust and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year JDST returned -86.68% while QQQ returned +27.27%. Year to date, JDST is down 61.34% versus a gain of 16.64% for QQQ.
Over three years, JDST compounded at -75.30% per year against +25.96% for QQQ; over five years the annualized figures are -60.71% and +14.54% respectively. Across the full 13-year window we track, QQQ has the edge at +13.03% annualized vs -70.61%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JDST has been the more volatile fund, with annualized monthly volatility of 96.8% compared with 30.6% for QQQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -100.0% for JDST and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at -0.11. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JDST charges 0.92% per year while QQQ charges 0.18%. On a $10,000 position that is $92 vs $18 annually, a gap of $74 per year that compounds over a long holding period. On income, JDST currently yields 5.95% against 0.44% for QQQ.
Holdings Overlap
JDST and QQQ share 0 holdings out of 104 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, JDST or QQQ?
JDST has an expense ratio of 0.92% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $74 per year of difference.
Which performed better, JDST or QQQ?
Over the past year JDST returned -86.68% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (13 years), JDST annualized -70.61% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, JDST or QQQ?
JDST has been the more volatile fund at 96.8% annualized versus 30.6% for QQQ. Worst drawdown: JDST -100.0% vs QQQ -83.0%.
Should I hold both JDST and QQQ?
JDST and QQQ have a monthly-return correlation of -0.11, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JDST and QQQ?
JDST and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 104 unique securities.
Which pays a higher dividend, JDST or QQQ?
JDST yields 5.95% while QQQ yields 0.44%, so JDST currently pays the higher dividend yield.
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