Direxion Daily Junior Gold Miners Index Bear 2X ETF

Frequently Asked Questions About JDST

What does JDST invest in?

The Direxion Daily Junior Gold Miners Index Bull and Bear 2X ETFs are structured to provide daily investment returns that are either twice (200%) the performance, or twice (200%) the inverse (opposite) performance, of the MVIS Global Junior Gold Miners Index, prior to accounting for fees and expenses. It is important to note that these funds do not guarantee the consistent achievement of their specified investment goals.

What is the expense ratio of JDST?

Direxion Daily Junior Gold Miners Index Bear 2X ETF (JDST) charges an expense ratio of 0.92%. This is the annual fee deducted from fund assets to cover management and operations.

Is JDST a good long-term hold?

JDST is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does JDST's daily reset work?

JDST rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is JDST?

Direxion Daily Junior Gold Miners Index Bear 2X ETF (JDST) manages $31.0M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is JDST actively managed or an index fund?

JDST's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.