DBSC vs. TNA

Last updated Jun 24, 2026

DBSC (Deepwater Beachfront Small Cap ETF) and TNA (Direxion Daily Small Cap Bull 3X Shares) are both exchange-traded funds - DBSC is a Small Cap Blend Equities fund actively managed by Deepwater Asset Management, while TNA is a Leveraged Equities fund tracking the Russell 2000 Index (300% Daily). DBSC is actively managed, while TNA is passively managed. A 0.73 correlation means they provide meaningful diversification when combined. DBSC charges 0.85%/yr vs 1.05%/yr for TNA.

Performance

DBSC vs. TNA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Deepwater Beachfront Small Cap ETF (DBSC) 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, DBSC achieves a 5.96% return, which is significantly lower than TNA's 56.90% return.

DBSC

• 1D: 0.00%
• 1M: 0.00%
• YTD: 5.96%
• 6M: 3.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TNA

• 1D: -3.11%
• 1M: 9.59%
• YTD: 56.90%
• 6M: 45.88%
• 1Y: 125.39%
• 3Y*: 32.32%
• 5Y*: -5.98%
• 10Y*: 9.70%

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

DBSC vs. TNA - Yearly Performance Comparison

	2026 (YTD)	2025
DBSC Deepwater Beachfront Small Cap ETF	5.96%	-0.86%
TNA Direxion Daily Small Cap Bull 3X Shares	56.90%	-6.32%

Correlation

The correlation between DBSC and TNA is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 16, 2025	0.73

Return for Risk

DBSC vs. TNA — Risk / Return Rank

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

DBSC

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

TNA

TNA Risk / Return Rank: 65
TNA Sharpe Ratio Rank: 70
TNA Sortino Ratio Rank: 57
TNA Omega Ratio Rank: 50
TNA Calmar Ratio Rank: 78
TNA Martin Ratio Rank: 71

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.

DBSC vs. TNA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Deepwater Beachfront Small Cap ETF (DBSC) 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.

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.

	DBSC	TNA	Difference
Sharpe ratio: Return per unit of total volatility	—	2.15	—
Sortino ratio: Return per unit of downside risk	—	2.59	—
Omega ratio: Gain probability vs. loss probability	—	1.31	—
Calmar ratio: Return relative to maximum drawdown	—	3.88	—
Martin ratio: Return relative to average drawdown	—	12.72	—

Drawdowns

DBSC vs. TNA - Drawdown Comparison

The maximum DBSC drawdown since its inception was -16.61%, smaller than the maximum TNA drawdown of -88.09%. Use the drawdown chart below to compare losses from any high point for DBSC and TNA.

Drawdown Indicators

	DBSC	TNA	Difference
Max Drawdown Largest peak-to-trough decline	-16.61%	-88.09%	+71.48%
Max Drawdown (1Y) Largest decline over 1 year	—	-32.53%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-65.78%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-82.36%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-88.09%	—
Current Drawdown Current decline from peak	-2.17%	-33.64%	+31.47%
Average Drawdown Average peak-to-trough decline	-4.41%	-33.92%	+29.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	9.89%	—

Volatility

Volatility by Period

	DBSC	TNA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	19.82%	—
Volatility (6M) Calculated over the trailing 6-month period	—	42.69%	—
Volatility (1Y) Calculated over the trailing 1-year period	19.22%	58.76%	-39.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.22%	67.57%	-48.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.22%	68.50%	-49.28%

DBSC vs. TNA - Expense Ratio Comparison

DBSC has a 0.85% expense ratio, which is lower than TNA's 1.05% expense ratio.

Dividends

DBSC vs. TNA - Dividend Comparison

DBSC has not paid dividends to shareholders, while TNA's dividend yield for the trailing twelve months is around 0.38%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DBSC Deepwater Beachfront Small Cap ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TNA Direxion Daily Small Cap Bull 3X Shares	0.38%	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 DBSC and TNA in my portfolio?

DBSC and TNA have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DBSC or TNA?

On fees, DBSC is cheaper at 0.85% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DBSC or TNA?

DBSC is cheaper with a 0.85% expense ratio, compared with 1.05% for TNA.

Which ETF pays a higher dividend yield, DBSC or TNA?

TNA has the higher dividend yield at 0.38%, compared with 0.00% for DBSC.

What is the main difference between DBSC and TNA?

DBSC is categorized as Small Cap Blend Equities, while TNA is Leveraged Equities. They also come from different issuers: Deepwater Asset Management and Direxion. Their fees differ too: 0.85% for DBSC and 1.05% for TNA.