Direxion Daily Junior Gold Miners Index Bear 2X ETF (JDST) — Stock Correlations & Overview
Over the past year, JDST has moved most closely with GDXD, DUST, DULL. Explore the stocks most correlated and inversely correlated with JDST below, along with its price, financials, and company profile.
Stocks correlated with JDST
Correlation of daily returns. Higher positive values move with JDST; negative values move opposite it. Informational only, not investment advice.
Most correlated with JDST
| Symbol | Company | Correlation |
|---|---|---|
| GDXD | MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | 0.99 |
| DUST | Direxion Daily Gold Miners Index Bear 2X ETF | 0.99 |
| DULL | MicroSectors Gold -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | 0.84 |
| GLL | ProShares UltraShort GoldCOMMODITY CONTRACTS BROKERS & DEALERS | 0.84 |
| ZSL | ProShares UltraShort SilverCOMMODITY CONTRACTS BROKERS & DEALERS | 0.80 |
Most inversely correlated with JDST
| Symbol | Company | Correlation |
|---|---|---|
| GDXJ | VanEck Junior Gold Miners ETF | -0.99 |
| JNUG | Direxion Daily Junior Gold Miners Index Bull 2X ETF | -0.99 |
| GDX | VanEck Gold Miners ETF | -0.98 |
| GBUG | Sprott Active Gold & Silver Miners ETF | -0.98 |
| GDXU | MicroSectors Gold Miners 3x Leveraged ETNCOMMERCIAL BANKS, NEC | -0.98 |
Frequently asked questions about JDST correlations
- Which stocks are most correlated with JDST?
- Based on one year of daily returns, the stocks most correlated with Direxion Daily Junior Gold Miners Index Bear 2X ETF (JDST) are GDXD (0.99), DUST (0.99) and DULL (0.84). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with JDST?
- Over the past year, the stocks most inversely correlated with Direxion Daily Junior Gold Miners Index Bear 2X ETF (JDST) are GDXJ (-0.99), JNUG (-0.99) and GDX (-0.98). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these JDST correlations calculated?
- We compute the correlation of daily returns between JDST and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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