DFNV vs. TSXU
DFNV (TrimTabs Donoghue Forlines Risk Managed Innovation ETF) and TSXU (Direxion Daily Semiconductors Top 5 Bull 2X Shares) are both exchange-traded funds - DFNV is a Technology Equities fund tracking the TrimTabs Donoghue Forlines Risk Managed Free Cash Flow Innovation Index, while TSXU is a Leveraged Equities fund tracking the Solactive Semiconductor Top 5 Index (2x). Both are passively managed. At a 0.38 correlation, their price movements are largely independent. DFNV charges 0.69%/yr vs 1.05%/yr for TSXU.
Performance
DFNV vs. TSXU - Performance Comparison
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Returns By Period
In the year-to-date period, DFNV achieves a -4.71% return, which is significantly lower than TSXU's 113.38% return.
DFNV
- 1D
- -0.10%
- 1M
- -4.47%
- YTD
- -4.71%
- 6M
- -6.49%
- 1Y
- -0.49%
- 3Y*
- 15.74%
- 5Y*
- 7.20%
- 10Y*
- —
TSXU
- 1D
- -13.73%
- 1M
- 19.65%
- YTD
- 113.38%
- 6M
- 118.38%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DFNV vs. TSXU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DFNV TrimTabs Donoghue Forlines Risk Managed Innovation ETF | -4.71% | -3.40% |
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares | 113.38% | 37.96% |
Correlation
The correlation between DFNV and TSXU is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025 | 0.38 |
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Return for Risk
DFNV vs. TSXU — Risk / Return Rank
DFNV
TSXU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DFNV vs. TSXU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TrimTabs Donoghue Forlines Risk Managed Innovation ETF (DFNV) 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.
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.
| DFNV | TSXU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.01 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | — | — |
| Martin ratioReturn relative to average drawdown | -0.05 | — | — |
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Drawdowns
DFNV vs. TSXU - Drawdown Comparison
The maximum DFNV drawdown since its inception was -29.71%, smaller than the maximum TSXU drawdown of -35.62%. Use the drawdown chart below to compare losses from any high point for DFNV and TSXU.
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Drawdown Indicators
| DFNV | TSXU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.71% | -35.62% | +5.91% |
Max Drawdown (1Y)Largest decline over 1 year | -21.54% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -22.72% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -29.71% | — | — |
Current DrawdownCurrent decline from peak | -11.09% | -13.73% | +2.64% |
Average DrawdownAverage peak-to-trough decline | -9.46% | -10.67% | +1.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.12% | — | — |
Volatility
DFNV vs. TSXU - Volatility Comparison
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Volatility by Period
| DFNV | TSXU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.72% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 15.32% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.09% | 89.70% | -71.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.74% | 89.70% | -69.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.73% | 89.70% | -69.97% |
DFNV vs. TSXU - Expense Ratio Comparison
DFNV has a 0.69% expense ratio, which is lower than TSXU's 1.05% expense ratio.
Dividends
DFNV vs. TSXU - Dividend Comparison
DFNV's dividend yield for the trailing twelve months is around 0.40%, less than TSXU's 1.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
DFNV TrimTabs Donoghue Forlines Risk Managed Innovation ETF | 0.40% | 0.38% | 1.28% | 0.77% | 1.20% | 4.77% | 0.02% |
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares | 1.36% | 2.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DFNV and TSXU have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DFNV is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DFNV is cheaper with a 0.69% expense ratio, compared with 1.05% for TSXU.
TSXU has the higher dividend yield at 1.36%, compared with 0.40% for DFNV.
DFNV is categorized as Technology Equities, while TSXU is Leveraged Equities. DFNV tracks TrimTabs Donoghue Forlines Risk Managed Free Cash Flow Innovation Index, while TSXU tracks Solactive Semiconductor Top 5 Index (2x). They also come from different issuers: TrimTabs and Direxion. Their fees differ too: 0.69% for DFNV and 1.05% for TSXU.
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