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 0.33 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
- -3.05%
- 1M
- 9.61%
- YTD
- -50.45%
- 6M
- -43.03%
- 1Y
- -56.10%
- 3Y*
- -30.92%
- 5Y*
- -41.62%
- 10Y*
- -42.95%
TSYX
- 1D
- -0.16%
- 1M
- 6.87%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DRIP vs. TSYX - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares | -52.19% |
TSYX TSPY Lift ETF | 8.70% |
Correlation
The correlation between DRIP and TSYX is 0.33, 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 8, 2026 | 0.33 |
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Return for Risk
DRIP vs. TSYX — Risk / Return Rank
DRIP
TSYX
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.
| DRIP | TSYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.83 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | — | — |
| Martin ratioReturn relative to average drawdown | -1.64 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DRIP | TSYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.01 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.61 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.45 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.42 | 1.28 | -1.70 |
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 | -63.84% | — | — |
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% | -0.16% | -99.78% |
Average DrawdownAverage peak-to-trough decline | -90.45% | -2.97% | -87.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.12% | — | — |
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 | 19.66% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 43.05% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 55.64% | 18.21% | +37.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.36% | 18.21% | +50.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.59% | 18.21% | +78.38% |
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 3.99%, less than TSYX's 6.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares | 3.99% | 2.86% | 4.38% | 5.09% | 0.00% | 0.00% | 0.01% | 0.96% | 0.58% |
TSYX TSPY Lift ETF | 6.17% | 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 0.33, 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 6.17%, compared with 3.99% 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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