ADBU vs. TNA
ADBU (Direxion Daily ADBE Bull 2X ETF) and TNA (Direxion Daily Small Cap Bull 3X Shares) are both Leveraged Equities funds from Direxion - ADBU tracks the Adobe Inc. while TNA tracks the Russell 2000 Index (300% Daily). Both are passively managed. At a correlation of -0.13, they often move in opposite directions. ADBU charges 0.97%/yr vs 1.05%/yr for TNA.
Performance
ADBU vs. TNA - Performance Comparison
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Returns By Period
ADBU
- 1D
- -0.77%
- 1M
- -37.98%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TNA
- 1D
- 1.47%
- 1M
- 11.33%
- YTD
- 59.40%
- 6M
- 47.15%
- 1Y
- 120.91%
- 3Y*
- 33.02%
- 5Y*
- -5.67%
- 10Y*
- 9.87%
ADBU vs. TNA - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
ADBU Direxion Daily ADBE Bull 2X ETF | -37.03% |
TNA Direxion Daily Small Cap Bull 3X Shares | 61.42% |
Correlation
The correlation between ADBU and TNA is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 25, 2026 | -0.13 |
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Return for Risk
ADBU vs. TNA — Risk / Return Rank
ADBU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TNA
ADBU vs. TNA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily ADBE Bull 2X ETF (ADBU) and Direxion Daily Small Cap Bull 3X Shares (TNA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ADBU | TNA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.30 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.74 | — |
| Martin ratioReturn relative to average drawdown | — | 12.27 | — |
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Drawdowns
ADBU vs. TNA - Drawdown Comparison
The maximum ADBU drawdown since its inception was -50.89%, smaller than the maximum TNA drawdown of -88.09%. Use the drawdown chart below to compare losses from any high point for ADBU and TNA.
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Drawdown Indicators
| ADBU | TNA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.89% | -88.09% | +37.20% |
Max Drawdown (1Y)Largest decline over 1 year | — | -32.53% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -65.78% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -82.36% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -88.09% | — |
Current DrawdownCurrent decline from peak | -50.17% | -32.59% | -17.58% |
Average DrawdownAverage peak-to-trough decline | -13.17% | -33.92% | +20.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 9.90% | — |
Volatility
ADBU vs. TNA - Volatility Comparison
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Volatility by Period
| ADBU | TNA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 19.70% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 42.65% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 92.69% | 58.68% | +34.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 92.69% | 67.55% | +25.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 92.69% | 68.49% | +24.20% |
ADBU vs. TNA - Expense Ratio Comparison
ADBU has a 0.97% expense ratio, which is lower than TNA's 1.05% expense ratio.
Dividends
ADBU vs. TNA - Dividend Comparison
ADBU has not paid dividends to shareholders, while TNA's dividend yield for the trailing twelve months is around 0.29%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
ADBU Direxion Daily ADBE Bull 2X ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TNA Direxion Daily Small Cap Bull 3X Shares | 0.29% | 0.78% | 0.93% | 1.27% | 0.31% | 0.06% | 0.03% | 0.44% | 0.36% | 0.15% |
Frequently Asked Questions
ADBU and TNA have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ADBU is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ADBU is cheaper with a 0.97% expense ratio, compared with 1.05% for TNA.
TNA has the higher dividend yield at 0.29%, compared with 0.00% for ADBU.
ADBU tracks Adobe Inc., while TNA tracks Russell 2000 Index (300% Daily). Their fees differ too: 0.97% for ADBU and 1.05% for TNA.
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