BAI vs. TSXU

Last updated Jun 4, 2026

BAI (iShares A.I. Innovation and Tech Active ETF) and TSXU (Direxion Daily Semiconductors Top 5 Bull 2X Shares) are both exchange-traded funds - BAI is a Technology Equities fund actively managed by iShares, while TSXU is a Leveraged Equities fund tracking the Solactive Semiconductor Top 5 Index (2x). BAI is actively managed, while TSXU is passively managed. Their correlation of 0.87 suggests significant overlap in exposure. BAI charges 0.55%/yr vs 1.05%/yr for TSXU.

Performance

BAI vs. TSXU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares A.I. Innovation and Tech Active ETF (BAI) and Direxion Daily Semiconductors Top 5 Bull 2X Shares (TSXU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BAI achieves a 55.29% return, which is significantly lower than TSXU's 141.91% return.

BAI

• 1D: -0.40%
• 1M: 18.14%
• YTD: 55.29%
• 6M: 51.89%
• 1Y: 97.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSXU

• 1D: -0.92%
• 1M: 66.50%
• YTD: 141.91%
• 6M: 130.37%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BAI vs. TSXU - Yearly Performance Comparison

	2026 (YTD)	2025
BAI iShares A.I. Innovation and Tech Active ETF	55.29%	-1.82%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	141.91%	13.59%

Correlation

The correlation between BAI and TSXU is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 2, 2025	0.87

Return for Risk

BAI vs. TSXU — Risk / Return Rank

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

BAI

BAI Risk / Return Rank: 82
BAI Sharpe Ratio Rank: 89
BAI Sortino Ratio Rank: 74
BAI Omega Ratio Rank: 75
BAI Calmar Ratio Rank: 92
BAI Martin Ratio Rank: 82

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.

BAI vs. TSXU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares A.I. Innovation and Tech Active ETF (BAI) and Direxion Daily Semiconductors Top 5 Bull 2X Shares (TSXU). 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.

	BAI	TSXU	Difference
Sharpe ratio: Return per unit of total volatility	3.04	—	—
Sortino ratio: Return per unit of downside risk	3.41	—	—
Omega ratio: Gain probability vs. loss probability	1.46	—	—
Calmar ratio: Return relative to maximum drawdown	6.07	—	—
Martin ratio: Return relative to average drawdown	16.57	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BAI	TSXU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.04	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.69	4.53	-2.85

Drawdowns

BAI vs. TSXU - Drawdown Comparison

The maximum BAI drawdown since its inception was -34.09%, roughly equal to the maximum TSXU drawdown of -35.62%. Use the drawdown chart below to compare losses from any high point for BAI and TSXU.

Drawdown Indicators

	BAI	TSXU	Difference
Max Drawdown Largest peak-to-trough decline	-34.09%	-35.62%	+1.53%
Max Drawdown (1Y) Largest decline over 1 year	-16.22%	—	—
Current Drawdown Current decline from peak	-0.40%	-0.92%	+0.52%
Average Drawdown Average peak-to-trough decline	-6.93%	-10.56%	+3.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.93%	—	—

Volatility

Volatility by Period

	BAI	TSXU	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.32%	—	—
Volatility (6M) Calculated over the trailing 6-month period	26.16%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	32.43%	78.68%	-46.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.06%	78.68%	-43.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.06%	78.68%	-43.62%

BAI vs. TSXU - Expense Ratio Comparison

BAI has a 0.55% expense ratio, which is lower than TSXU's 1.05% expense ratio.

Dividends

BAI vs. TSXU - Dividend Comparison

BAI's dividend yield for the trailing twelve months is around 1.16%, less than TSXU's 1.20% yield.

Position	TTM	2025
BAI iShares A.I. Innovation and Tech Active ETF	1.16%	1.80%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	1.20%	2.54%

Frequently Asked Questions

Can I hold both BAI and TSXU in my portfolio?

BAI and TSXU have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BAI or TSXU?

On fees, BAI is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BAI or TSXU?

BAI is cheaper with a 0.55% expense ratio, compared with 1.05% for TSXU.

Which ETF pays a higher dividend yield, BAI or TSXU?

TSXU has the higher dividend yield at 1.20%, compared with 1.16% for BAI.

What is the main difference between BAI and TSXU?

BAI is categorized as Technology Equities, while TSXU is Leveraged Equities. They also come from different issuers: iShares and Direxion. Their fees differ too: 0.55% for BAI and 1.05% for TSXU.