AMUU vs. TSMX

Last updated Aug 2, 2026

AMUU (Direxion Daily AMD Bull 2X Shares) and TSMX (Direxion Daily TSM Bull 2X Shares) are both Leveraged Equities funds from Direxion. Both are actively managed. Over the past year, AMUU returned 328.67% vs 129.25% for TSMX. Their 0.62 correlation means they have sometimes moved together and sometimes differently. AMUU charges 0.97%/yr vs 1.05%/yr for TSMX.

Performance

AMUU vs. TSMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily AMD Bull 2X Shares (AMUU) and Direxion Daily TSM Bull 2X Shares (TSMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMUU achieves a 236.52% return, which is significantly higher than TSMX's 48.80% return.

AMUU

• 1D: -3.78%
• 1M: -20.79%
• 6M: 183.05%
• YTD: 236.52%
• 1Y: 328.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 332.95%

TSMX

• 1D: 0.30%
• 1M: -15.56%
• 6M: 28.30%
• YTD: 48.80%
• 1Y: 129.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 87.80%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AMUU Direxion Daily AMD Bull 2X Shares	$20.61M	$22.17M	$28.17M
TSMX Direxion Daily TSM Bull 2X Shares	$51.36M	$73.43M	$83.39M

AMUU vs. TSMX - Yearly Performance Comparison

	2026 (YTD)	2025
AMUU Direxion Daily AMD Bull 2X Shares	236.52%	153.20%
TSMX Direxion Daily TSM Bull 2X Shares	48.80%	71.75%

Correlation

The correlation between AMUU and TSMX is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.59
Correlation (All Time) Calculated using the full available price history since Feb 12, 2025	0.62

The correlation between AMUU and TSMX has been stable across timeframes, ranging from 0.59 to 0.62 - a consistent structural relationship.

AMUU vs. TSMX - Sectors Allocation Comparison

Sectors	AMUU	TSMX
Technology	100.0%	100.0%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

AMUU vs. TSMX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AMUU

AMUU Risk / Return Rank: 86
AMUU Sharpe Ratio Rank: 88
AMUU Sortino Ratio Rank: 85
AMUU Omega Ratio Rank: 83
AMUU Calmar Ratio Rank: 95
AMUU Martin Ratio Rank: 80

TSMX

TSMX Risk / Return Rank: 67
TSMX Sharpe Ratio Rank: 62
TSMX Sortino Ratio Rank: 63
TSMX Omega Ratio Rank: 57
TSMX Calmar Ratio Rank: 81
TSMX Martin Ratio Rank: 73

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AMUU vs. TSMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AMD Bull 2X Shares (AMUU) and Direxion Daily TSM Bull 2X Shares (TSMX). 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.

	AMUU	TSMX	Difference
Sharpe ratio: Return per unit of total volatility	2.16	1.43	+0.73
Sortino ratio: Return per unit of downside risk	2.85	2.10	+0.75
Omega ratio: Gain probability vs. loss probability	1.35	1.25	+0.10
Calmar ratio: Return relative to maximum drawdown	5.46	2.93	+2.54
Martin ratio: Return relative to average drawdown	10.30	8.89	+1.40

AMUU vs. TSMX - Sharpe Ratio Comparison

The current AMUU Sharpe Ratio is 2.16, which is higher than the TSMX Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of AMUU and TSMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AMUU vs. TSMX - Drawdown Comparison

The maximum AMUU drawdown since its inception was -56.47%, smaller than the maximum TSMX drawdown of -63.80%. Use the drawdown chart below to compare losses from any high point for AMUU and TSMX.

Drawdown Indicators

	AMUU	TSMX	Difference
Max Drawdown Largest peak-to-trough decline	-56.47%	-63.80%	+7.33%
Max Drawdown (1Y) Largest decline over 1 year	-56.31%	-39.94%	-16.37%
Current Drawdown Current decline from peak	-36.90%	-30.40%	-6.50%
Average Drawdown Average peak-to-trough decline	-22.28%	-15.95%	-6.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.82%	13.13%	+16.69%

Volatility

AMUU vs. TSMX - Volatility Comparison

Direxion Daily AMD Bull 2X Shares (AMUU) has a higher volatility of 48.41% compared to Direxion Daily TSM Bull 2X Shares (TSMX) at 27.37%. This indicates that AMUU's price experiences larger fluctuations and is considered to be riskier than TSMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMUU	TSMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	48.41%	27.37%	+21.04%
Volatility (6M) Calculated over the trailing 6-month period	112.17%	66.13%	+46.04%
Volatility (1Y) Calculated over the trailing 1-year period	142.44%	81.69%	+60.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	136.02%	84.12%	+51.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	136.02%	84.12%	+51.90%

AMUU vs. TSMX - Expense Ratio Comparison

AMUU has a 0.97% expense ratio, which is lower than TSMX's 1.05% expense ratio.

Dividends

AMUU vs. TSMX - Dividend Comparison

AMUU's dividend yield for the trailing twelve months is around 4.47%, less than TSMX's 5.70% yield.

Position	TTM	2025	2024
AMUU Direxion Daily AMD Bull 2X Shares	4.47%	13.58%	0.00%
TSMX Direxion Daily TSM Bull 2X Shares	5.70%	8.01%	0.53%

Frequently Asked Questions

Can I hold both AMUU and TSMX in my portfolio?

AMUU and TSMX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AMUU or TSMX?

AMUU has higher volatility (48.41%) compared to TSMX (27.37%). In terms of maximum drawdown, AMUU dropped -56.47% vs TSMX's -63.80%.

Which ETF is better, AMUU or TSMX?

On 1-year performance, AMUU leads with 328.67% vs 129.25% for TSMX. On fees, AMUU is cheaper at 0.97% per year. On volatility, TSMX has been the lower-risk option at 27.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMUU or TSMX?

Over the 1-year period, AMUU has performed better with a 328.67% return vs 129.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMUU or TSMX?

AMUU is cheaper with a 0.97% expense ratio, compared with 1.05% for TSMX.

Which ETF pays a higher dividend yield, AMUU or TSMX?

TSMX has the higher dividend yield at 5.70%, compared with 4.47% for AMUU.

What is the main difference between AMUU and TSMX?

Their fees differ too: 0.97% for AMUU and 1.05% for TSMX.

Which has better risk-adjusted returns?

AMUU currently has the higher Sharpe Ratio (2.16 vs 1.43), 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.