BRKC vs. TSMX

Last updated Jun 25, 2026

BRKC (YieldMax BRK.B Option Income Strategy ETF) and TSMX (Direxion Daily TSM Bull 2X Shares) are both exchange-traded funds - BRKC is a Derivative Income fund actively managed by YieldMax, while TSMX is a Leveraged Equities fund actively managed by Direxion. Both are actively managed. Over the past year, BRKC returned -1.49% vs 217.78% for TSMX. At a correlation of -0.19, they often move in opposite directions. BRKC charges 0.99%/yr vs 1.05%/yr for TSMX.

Performance

BRKC vs. TSMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax BRK.B Option Income Strategy ETF (BRKC) 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, BRKC achieves a -0.82% return, which is significantly lower than TSMX's 84.37% return.

BRKC

• 1D: 0.26%
• 1M: 1.71%
• YTD: -0.82%
• 6M: -0.54%
• 1Y: -1.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSMX

• 1D: 1.87%
• 1M: 15.44%
• YTD: 84.37%
• 6M: 90.23%
• 1Y: 217.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BRKC vs. TSMX - Yearly Performance Comparison

	2026 (YTD)	2025
BRKC YieldMax BRK.B Option Income Strategy ETF	-0.82%	0.76%
TSMX Direxion Daily TSM Bull 2X Shares	84.37%	103.00%

Correlation

The correlation between BRKC and TSMX is -0.22, 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 (1Y) Calculated over the trailing 1-year period	-0.22
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025	-0.19

Return for Risk

BRKC vs. TSMX — Risk / Return Rank

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

BRKC

BRKC Risk / Return Rank: 7
BRKC Sharpe Ratio Rank: 8
BRKC Sortino Ratio Rank: 7
BRKC Omega Ratio Rank: 7
BRKC Calmar Ratio Rank: 7
BRKC Martin Ratio Rank: 7

TSMX

TSMX Risk / Return Rank: 85
TSMX Sharpe Ratio Rank: 92
TSMX Sortino Ratio Rank: 76
TSMX Omega Ratio Rank: 70
TSMX Calmar Ratio Rank: 94
TSMX Martin Ratio Rank: 92

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.

BRKC vs. TSMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax BRK.B Option Income Strategy ETF (BRKC) 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.

	BRKC	TSMX	Difference
Sharpe ratio: Return per unit of total volatility	-0.12	2.88	-3.00
Sortino ratio: Return per unit of downside risk	-0.08	3.01	-3.09
Omega ratio: Gain probability vs. loss probability	0.99	1.37	-0.38
Calmar ratio: Return relative to maximum drawdown	-0.20	6.28	-6.47
Martin ratio: Return relative to average drawdown	-0.41	20.03	-20.44

BRKC vs. TSMX - Sharpe Ratio Comparison

The current BRKC Sharpe Ratio is -0.12, which is lower than the TSMX Sharpe Ratio of 2.88. The chart below compares the historical Sharpe Ratios of BRKC 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

BRKC vs. TSMX - Drawdown Comparison

The maximum BRKC drawdown since its inception was -7.59%, smaller than the maximum TSMX drawdown of -63.80%. Use the drawdown chart below to compare losses from any high point for BRKC and TSMX.

Drawdown Indicators

	BRKC	TSMX	Difference
Max Drawdown Largest peak-to-trough decline	-7.59%	-63.80%	+56.21%
Max Drawdown (1Y) Largest decline over 1 year	-7.59%	-34.93%	+27.34%
Current Drawdown Current decline from peak	-2.82%	-11.57%	+8.75%
Average Drawdown Average peak-to-trough decline	-3.15%	-15.58%	+12.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.73%	10.92%	-7.19%

Volatility

BRKC vs. TSMX - Volatility Comparison

The current volatility for YieldMax BRK.B Option Income Strategy ETF (BRKC) is 2.40%, while Direxion Daily TSM Bull 2X Shares (TSMX) has a volatility of 32.81%. This indicates that BRKC experiences smaller price fluctuations and is considered to be less risky than TSMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRKC	TSMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.40%	32.81%	-30.41%
Volatility (6M) Calculated over the trailing 6-month period	9.67%	60.03%	-50.36%
Volatility (1Y) Calculated over the trailing 1-year period	12.58%	76.64%	-64.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.46%	82.58%	-70.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.46%	82.58%	-70.12%

BRKC vs. TSMX - Expense Ratio Comparison

BRKC has a 0.99% expense ratio, which is lower than TSMX's 1.05% expense ratio.

Dividends

BRKC vs. TSMX - Dividend Comparison

BRKC's dividend yield for the trailing twelve months is around 20.90%, more than TSMX's 4.60% yield.

Position	TTM	2025	2024
BRKC YieldMax BRK.B Option Income Strategy ETF	20.90%	10.81%	0.00%
TSMX Direxion Daily TSM Bull 2X Shares	4.60%	8.01%	0.53%

Frequently Asked Questions

Can I hold both BRKC and TSMX in my portfolio?

BRKC and TSMX have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BRKC or TSMX?

TSMX has higher volatility (32.81%) compared to BRKC (2.40%). In terms of maximum drawdown, BRKC dropped -7.59% vs TSMX's -63.80%.

Which ETF is better, BRKC or TSMX?

On 1-year performance, TSMX leads with 217.78% vs -1.49% for BRKC. On fees, BRKC is cheaper at 0.99% per year. On volatility, BRKC has been the lower-risk option at 2.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BRKC or TSMX?

Over the 1-year period, TSMX has performed better with a 217.78% return vs -1.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BRKC or TSMX?

BRKC is cheaper with a 0.99% expense ratio, compared with 1.05% for TSMX.

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

BRKC has the higher dividend yield at 20.90%, compared with 4.60% for TSMX.

What is the main difference between BRKC and TSMX?

BRKC is categorized as Derivative Income, while TSMX is Leveraged Equities. They also come from different issuers: YieldMax and Direxion. Their fees differ too: 0.99% for BRKC and 1.05% for TSMX.

Which has better risk-adjusted returns?

TSMX currently has the higher Sharpe Ratio (2.88 vs -0.12), 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.