BESF vs. TEXU

Last updated Aug 4, 2026

BESF (Bastion Energy ETF) and TEXU (Direxion Daily Energy Top 5 Bull 2X ETF) are both exchange-traded funds - BESF is a Energy Equities fund actively managed by Bastion, while TEXU is a Leveraged Equities fund tracking the S&P 500 Energy (Sector) Top 5 Equal Capped Index. BESF is actively managed, while TEXU is passively managed. Their 0.61 correlation means they have sometimes moved together and sometimes differently. BESF charges 0.80%/yr vs 0.98%/yr for TEXU.

Performance

BESF vs. TEXU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bastion Energy ETF (BESF) and Direxion Daily Energy Top 5 Bull 2X ETF (TEXU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BESF achieves a 16.63% return, which is significantly lower than TEXU's 57.63% return.

BESF

• 1D: -0.84%
• 1M: 1.95%
• 6M: 8.30%
• YTD: 16.63%
• 1Y: 57.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 51.25%

TEXU

• 1D: -2.42%
• 1M: 18.00%
• 6M: 30.06%
• YTD: 57.63%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
BESF Bastion Energy ETF	$44.12K	$86.97K	$91.20K
TEXU Direxion Daily Energy Top 5 Bull 2X ETF	$73.06K	$89.46K	$93.15K

BESF vs. TEXU - Yearly Performance Comparison

	2026 (YTD)	2025
BESF Bastion Energy ETF	16.63%	22.15%
TEXU Direxion Daily Energy Top 5 Bull 2X ETF	57.63%	-1.42%

Correlation

The correlation between BESF and TEXU is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025	0.61

Return for Risk

BESF vs. TEXU — Risk / Return Rank

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

BESF

BESF Risk / Return Rank: 87
BESF Sharpe Ratio Rank: 89
BESF Sortino Ratio Rank: 86
BESF Omega Ratio Rank: 83
BESF Calmar Ratio Rank: 94
BESF Martin Ratio Rank: 83

TEXU

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

BESF vs. TEXU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bastion Energy ETF (BESF) and Direxion Daily Energy Top 5 Bull 2X ETF (TEXU). 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.

	BESF	TEXU	Difference
Sharpe ratio: Return per unit of total volatility	2.31	—	—
Sortino ratio: Return per unit of downside risk	3.10	—	—
Omega ratio: Gain probability vs. loss probability	1.38	—	—
Calmar ratio: Return relative to maximum drawdown	5.25	—	—
Martin ratio: Return relative to average drawdown	12.22	—	—

Drawdowns

BESF vs. TEXU - Drawdown Comparison

The maximum BESF drawdown since its inception was -10.97%, smaller than the maximum TEXU drawdown of -31.71%. Use the drawdown chart below to compare losses from any high point for BESF and TEXU.

Drawdown Indicators

	BESF	TEXU	Difference
Max Drawdown Largest peak-to-trough decline	-10.97%	-31.71%	+20.74%
Max Drawdown (1Y) Largest decline over 1 year	-10.97%	—	—
Current Drawdown Current decline from peak	-8.33%	-17.99%	+9.66%
Average Drawdown Average peak-to-trough decline	-3.24%	-8.71%	+5.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.70%	—	—

Volatility

Volatility by Period

	BESF	TEXU	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.35%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.35%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	24.97%	40.88%	-15.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.29%	40.88%	-16.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.29%	40.88%	-16.59%

BESF vs. TEXU - Expense Ratio Comparison

BESF has a 0.80% expense ratio, which is lower than TEXU's 0.98% expense ratio.

Dividends

BESF vs. TEXU - Dividend Comparison

BESF's dividend yield for the trailing twelve months is around 5.90%, more than TEXU's 1.40% yield.

Position	TTM	2025
BESF Bastion Energy ETF	5.90%	6.39%
TEXU Direxion Daily Energy Top 5 Bull 2X ETF	1.40%	0.67%

Frequently Asked Questions

Can I hold both BESF and TEXU in my portfolio?

BESF and TEXU have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BESF or TEXU?

On fees, BESF is cheaper at 0.80% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BESF or TEXU?

BESF is cheaper with a 0.80% expense ratio, compared with 0.98% for TEXU.

Which ETF pays a higher dividend yield, BESF or TEXU?

BESF has the higher dividend yield at 5.90%, compared with 1.40% for TEXU.

What is the main difference between BESF and TEXU?

BESF is categorized as Energy Equities, while TEXU is Leveraged Equities. They also come from different issuers: Bastion and Direxion. Their fees differ too: 0.80% for BESF and 0.98% for TEXU.