DRIP vs. TSYX
DRIP (Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares) and TSYX (TSPY Lift ETF) are both Leveraged Equities funds. DRIP is passively managed, while TSYX is actively managed. At a 0.31 correlation, their price movements are largely independent. DRIP charges 1.07%/yr vs 0.98%/yr for TSYX.
Performance
DRIP vs. TSYX - Performance Comparison
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Returns By Period
DRIP
- 1D
- -0.65%
- 1M
- -2.28%
- 6M
- -45.20%
- YTD
- -48.42%
- 1Y
- -47.19%
- 3Y*
- -27.53%
- 5Y*
- -43.20%
- 10Y*
- -42.30%
TSYX
- 1D
- 0.41%
- 1M
- 1.83%
- 6M
- 6.51%
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DRIP vs. TSYX - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares | -48.93% |
TSYX TSPY Lift ETF | 6.38% |
Correlation
The correlation between DRIP and TSYX is 0.31, 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 Jan 7, 2026 | 0.31 |
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Return for Risk
DRIP vs. TSYX — Risk / Return Rank
DRIP
TSYX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DRIP vs. TSYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) and TSPY Lift ETF (TSYX). 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.
| DRIP | TSYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.87 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | — | — |
| Martin ratioReturn relative to average drawdown | -1.32 | — | — |
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Drawdowns
DRIP vs. TSYX - Drawdown Comparison
The maximum DRIP drawdown since its inception was -99.95%, which is greater than TSYX's maximum drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for DRIP and TSYX.
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Drawdown Indicators
| DRIP | TSYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.95% | -13.39% | -86.56% |
Max Drawdown (1Y)Largest decline over 1 year | -62.18% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -76.02% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -96.24% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.92% | — | — |
Current DrawdownCurrent decline from peak | -99.94% | -1.54% | -98.40% |
Average DrawdownAverage peak-to-trough decline | -90.51% | -2.93% | -87.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.66% | — | — |
Volatility
DRIP vs. TSYX - Volatility Comparison
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Volatility by Period
| DRIP | TSYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.32% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 44.01% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 56.73% | 18.47% | +38.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.02% | 18.47% | +49.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 95.90% | 18.47% | +77.43% |
DRIP vs. TSYX - Expense Ratio Comparison
DRIP has a 1.07% expense ratio, which is higher than TSYX's 0.98% expense ratio.
Dividends
DRIP vs. TSYX - Dividend Comparison
DRIP's dividend yield for the trailing twelve months is around 3.44%, less than TSYX's 8.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares | 3.44% | 2.86% | 4.38% | 5.09% | 0.00% | 0.00% | 0.01% | 0.96% | 0.58% |
TSYX TSPY Lift ETF | 8.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DRIP and TSYX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TSYX is cheaper at 0.98% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TSYX is cheaper with a 0.98% expense ratio, compared with 1.07% for DRIP.
TSYX has the higher dividend yield at 8.11%, compared with 3.44% for DRIP.
They also come from different issuers: Direxion and TappAlpha. Their fees differ too: 1.07% for DRIP and 0.98% for TSYX.
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