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Beacon

JDSTDirexion Daily Junior Gold Miners Index Bear 2X Shares

Take a bet12y track recordRanked #159 of 775 in this goal

Seeks daily investment results of 200% of the inverse performance of the Index.

By Direxion Funds · Launched 2013

Annual Cost

0.92%

#4,574 of 5,562 · expensive

Fund Size

$33M

#3,937 of 5,562 · small

Return (1Y)Goal

-80.0%

Track Record

12 years

#1,119 of 5,562 · established

Performance

Total-return NAV · USD
Growth of $10,000
$3,956-60.4%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Strategy

Inverse

Sector

Materials

Focus

Gold

Index tracked

MVIS Global Junior Gold Miners Index

What it actually holds

By weight

Concentration

Top 6 holdings = 99.4% of fundconcentrated

DREYFUS GOVERNMENT CASH MANAGE
119.6%
GOLDMAN FINANCIAL
31.3%
N/A
-0.4%
N/A
-12.8%
N/A
-16.5%
N/A
-21.9%

Asset allocation

Cash
98.5%
Stocks
1.5%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
103.4%High

Year-on-year price swings

Max drawdown
-100.0%Severe

Worst peak-to-trough loss

Sharpe (3Y)
-1.01Below average
Sortino (3Y)
-1.41Moderate downside risk

Where to buy

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks daily investment results of 200% of the inverse performance of the Index.
Strategy
Invests primarily in financial instruments like swap agreements and futures to provide 2x daily inverse exposure to Junior Gold Miners. The Fund may also short securities or ETFs tracking the Index, and rebalances daily to maintain its investment objective.
Inception date
October 3, 2013
Fund family
Direxion Funds

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Leveraged
Warning

Leveraged ETF — not a long-term hold

This fund uses leverage to amplify daily returns (e.g. 2x or 3x of an index). Daily rebalancing creates volatility decay — over weeks and months, the fund's return drifts from the stated multiple. In trending markets with low realised volatility, leveraged index ETFs can outperform their nominal multiple; in sideways or volatile markets they bleed. Designed for short-term tactical use, not buy-and-hold.

Source: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)

Why we flagged this: strategy=inverse + leveraged_name_or_strategy

Inverse
Warning

Inverse ETF — daily tool only

Delivers the inverse of the benchmark's daily return. The compounding path makes multi-day holding unpredictable even when the benchmark's total move goes your way. Legitimate as a one-day hedge; dangerous as a view.

Source: Cheng & Madhavan (2009)

Why we flagged this: strategy=inverse + inverse_name_or_strategy

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-19