Those performances are both far better than triple the daily inverse performances of the equivalent non-leveraged ETFs. JDST is the triple-leveraged bearish answer to the Market Vectors Junior Gold Miners ETF (NYSEArca: GDXJ), but GDXJ is not sporting a July loss of 31%, the number that should lead to JDST’s 93% gain. Rather, GDXJ is off less than 23% this month.
DRIP, which debuted in late May, attempts to deliver triple the daily inverse performance of the S&P Oil & Gas Exploration & Production Select Industry Index, the underlying benchmark for the popular SPDR S&P Oil & Gas Exploration & Production ETF (NYSEArca: XOP). Including today’s figures, XOP is down almost 15% this month, but DRIP is higher by about 62%. [Leveraged Energy ETFs Merit Consideration]
Direxion Daily Junior Gold Miners Index Bear 3X Shares
