AEIS vs. TNA

Last updated Jun 4, 2026

AEIS (Advanced Energy Industries, Inc.) is a stock, while TNA (Direxion Daily Small Cap Bull 3X Shares) is Leveraged Equities fund tracking the Russell 2000 Index (300%). Over the past 10 years, AEIS returned 24.03%/yr vs 7.85%/yr for TNA. A 0.67 correlation means they provide meaningful diversification when combined.

Performance

AEIS vs. TNA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Advanced Energy Industries, Inc. (AEIS) and Direxion Daily Small Cap Bull 3X Shares (TNA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AEIS achieves a 54.13% return, which is significantly higher than TNA's 46.53% return. Over the past 10 years, AEIS has outperformed TNA with an annualized return of 24.03%, while TNA has yielded a comparatively lower 7.85% annualized return.

AEIS

• 1D: 3.27%
• 1M: -16.65%
• YTD: 54.13%
• 6M: 51.19%
• 1Y: 171.97%
• 3Y*: 48.52%
• 5Y*: 26.15%
• 10Y*: 24.03%

TNA

• 1D: -4.11%
• 1M: 9.08%
• YTD: 46.53%
• 6M: 40.42%
• 1Y: 118.36%
• 3Y*: 28.02%
• 5Y*: -6.21%
• 10Y*: 7.85%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AEIS vs. TNA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AEIS Advanced Energy Industries, Inc.	54.13%	81.58%	6.55%	27.49%	-5.37%	-5.69%	36.19%	65.85%	-36.38%	23.25%
TNA Direxion Daily Small Cap Bull 3X Shares	46.53%	9.82%	7.21%	26.24%	-62.48%	27.88%	-7.82%	71.88%	-39.89%	39.15%

Correlation

The correlation between AEIS and TNA is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (10Y) Calculated over the trailing 10-year period	0.68
Correlation (All Time) Calculated using the full available price history since Nov 20, 2008	0.67

The correlation between AEIS and TNA shifts across timeframes, from 0.62 (1 year) to 0.73 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

AEIS vs. TNA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AEIS

AEIS Risk / Return Rank: 94
AEIS Sharpe Ratio Rank: 96
AEIS Sortino Ratio Rank: 93
AEIS Omega Ratio Rank: 92
AEIS Calmar Ratio Rank: 95
AEIS Martin Ratio Rank: 97

TNA

TNA Risk / Return Rank: 59
TNA Sharpe Ratio Rank: 61
TNA Sortino Ratio Rank: 52
TNA Omega Ratio Rank: 47
TNA Calmar Ratio Rank: 72
TNA Martin Ratio Rank: 65

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AEIS vs. TNA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Advanced Energy Industries, Inc. (AEIS) 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.

	AEIS	TNA	Difference
Sharpe ratio: Return per unit of total volatility	3.47	2.09	+1.37
Sortino ratio: Return per unit of downside risk	3.64	2.57	+1.07
Omega ratio: Gain probability vs. loss probability	1.49	1.30	+0.18
Calmar ratio: Return relative to maximum drawdown	7.14	3.66	+3.48
Martin ratio: Return relative to average drawdown	26.01	12.05	+13.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AEIS vs. TNA - Sharpe Ratio Comparison

The current AEIS Sharpe Ratio is 3.47, which is higher than the TNA Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of AEIS and TNA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AEIS	TNA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.47	2.09	+1.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	-0.09	+0.71
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	0.12	+0.43
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.23	-0.03

Drawdowns

AEIS vs. TNA - Drawdown Comparison

The maximum AEIS drawdown since its inception was -92.51%, which is greater than TNA's maximum drawdown of -88.09%. Use the drawdown chart below to compare losses from any high point for AEIS and TNA.

Drawdown Indicators

	AEIS	TNA	Difference
Max Drawdown Largest peak-to-trough decline	-92.51%	-88.09%	-4.42%
Max Drawdown (1Y) Largest decline over 1 year	-24.24%	-32.53%	+8.29%
Max Drawdown (3Y) Largest decline over 3 years	-39.87%	-65.78%	+25.91%
Max Drawdown (5Y) Largest decline over 5 years	-39.87%	-82.36%	+42.49%
Max Drawdown (10Y) Largest decline over 10 years	-62.28%	-88.09%	+25.81%
Current Drawdown Current decline from peak	-17.08%	-38.03%	+20.95%
Average Drawdown Average peak-to-trough decline	-52.30%	-33.90%	-18.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.64%	9.86%	-3.22%

Volatility

AEIS vs. TNA - Volatility Comparison

Advanced Energy Industries, Inc. (AEIS) has a higher volatility of 19.62% compared to Direxion Daily Small Cap Bull 3X Shares (TNA) at 17.14%. This indicates that AEIS's price experiences larger fluctuations and is considered to be riskier than TNA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AEIS	TNA	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.62%	17.14%	+2.48%
Volatility (6M) Calculated over the trailing 6-month period	39.41%	40.25%	-0.84%
Volatility (1Y) Calculated over the trailing 1-year period	49.99%	57.08%	-7.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.76%	67.31%	-24.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.33%	68.42%	-24.09%

Dividends

AEIS vs. TNA - Dividend Comparison

AEIS's dividend yield for the trailing twelve months is around 0.12%, less than TNA's 0.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
AEIS Advanced Energy Industries, Inc.	0.12%	0.19%	0.35%	0.37%	0.47%	0.44%	0.00%	0.00%	0.00%	0.00%
TNA Direxion Daily Small Cap Bull 3X Shares	0.41%	0.78%	0.93%	1.27%	0.31%	0.06%	0.03%	0.44%	0.36%	0.15%

Frequently Asked Questions

Can I hold both AEIS and TNA in my portfolio?

AEIS and TNA have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AEIS or TNA?

AEIS has higher volatility (19.62%) compared to TNA (17.14%). In terms of maximum drawdown, AEIS dropped -92.51% vs TNA's -88.09%.

Which has better risk-adjusted returns?

AEIS currently has the higher Sharpe Ratio (3.47 vs 2.09), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.