DUSL vs. TPOR

Last updated Aug 2, 2026

DUSL (Direxion Daily Industrials Bull 3X Shares) and TPOR (Direxion Daily Transportation Bull 3X Shares) are both Leveraged Equities funds from Direxion - DUSL tracks the Industrials Select Sector Index (300%) while TPOR tracks the Dow Jones Transportation Average Index (300%). Both are passively managed. Over the past 5 years, DUSL returned 20.90%/yr vs 1.96%/yr for TPOR. Their correlation of 0.82 means they have usually moved in the same direction. Both charge a 1.01% expense ratio.

Performance

DUSL vs. TPOR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Industrials Bull 3X Shares (DUSL) and Direxion Daily Transportation Bull 3X Shares (TPOR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DUSL achieves a 39.99% return, which is significantly higher than TPOR's 30.85% return.

DUSL

• 1D: 2.43%
• 1M: -7.89%
• 6M: 17.29%
• YTD: 39.99%
• 1Y: 50.01%
• 3Y*: 39.27%
• 5Y*: 20.90%
• 10Y*: —
• ALL TIME*: 18.43%

TPOR

• 1D: -0.03%
• 1M: -11.11%
• 6M: 22.45%
• YTD: 30.85%
• 1Y: 71.71%
• 3Y*: 4.30%
• 5Y*: 1.96%
• 10Y*: —
• ALL TIME*: 6.83%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DUSL Direxion Daily Industrials Bull 3X Shares	$913.54K	$1.33M	$1.65M
TPOR Direxion Daily Transportation Bull 3X Shares	$962.17K	$1.03M	$940.74K

DUSL vs. TPOR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DUSL Direxion Daily Industrials Bull 3X Shares	39.99%	37.50%	34.75%	37.23%	-31.17%	60.72%	-19.77%	90.70%	-46.28%	47.58%
TPOR Direxion Daily Transportation Bull 3X Shares	30.85%	3.26%	-9.12%	54.60%	-58.70%	105.18%	-7.30%	47.92%	-44.95%	51.65%

Correlation

The correlation between DUSL and TPOR is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.67
Correlation (3Y) Balances recent behavior with more history.	0.76
Correlation (5Y) Shows whether the relationship held over a longer period.	0.81
Correlation (All Time) Calculated using the full available price history since May 3, 2017	0.82

The correlation between DUSL and TPOR shifts across timeframes, from 0.67 (1 year) to 0.82 (all time), reflecting how their relationship changes across market environments.

DUSL vs. TPOR - Sectors Allocation Comparison

Sectors	DUSL	TPOR
Industrials	18.8%	84.9%
Technology	1.2%	15.1%
Utilities	1.0%	-
Basic Materials	0.4%	-
Consumer Cyclical	0.2%	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-

Return for Risk

DUSL vs. TPOR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DUSL

DUSL Risk / Return Rank: 37
DUSL Sharpe Ratio Rank: 34
DUSL Sortino Ratio Rank: 37
DUSL Omega Ratio Rank: 35
DUSL Calmar Ratio Rank: 38
DUSL Martin Ratio Rank: 41

TPOR

TPOR Risk / Return Rank: 46
TPOR Sharpe Ratio Rank: 42
TPOR Sortino Ratio Rank: 45
TPOR Omega Ratio Rank: 44
TPOR Calmar Ratio Rank: 50
TPOR Martin Ratio Rank: 49

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DUSL vs. TPOR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Industrials Bull 3X Shares (DUSL) and Direxion Daily Transportation Bull 3X Shares (TPOR). 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.

	DUSL	TPOR	Difference
Sharpe ratio: Return per unit of total volatility	0.85	1.04	-0.19
Sortino ratio: Return per unit of downside risk	1.41	1.65	-0.23
Omega ratio: Gain probability vs. loss probability	1.17	1.20	-0.03
Calmar ratio: Return relative to maximum drawdown	1.30	1.81	-0.51
Martin ratio: Return relative to average drawdown	4.31	5.57	-1.26

DUSL vs. TPOR - Sharpe Ratio Comparison

The current DUSL Sharpe Ratio is 0.85, which is comparable to the TPOR Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of DUSL and TPOR, 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

DUSL vs. TPOR - Drawdown Comparison

The maximum DUSL drawdown since its inception was -85.74%, roughly equal to the maximum TPOR drawdown of -87.59%. Use the drawdown chart below to compare losses from any high point for DUSL and TPOR.

Drawdown Indicators

	DUSL	TPOR	Difference
Max Drawdown Largest peak-to-trough decline	-85.74%	-87.59%	+1.85%
Max Drawdown (1Y) Largest decline over 1 year	-33.68%	-34.00%	+0.32%
Max Drawdown (3Y) Largest decline over 3 years	-50.86%	-64.11%	+13.25%
Max Drawdown (5Y) Largest decline over 5 years	-58.43%	-74.08%	+15.65%
Current Drawdown Current decline from peak	-10.22%	-30.25%	+20.03%
Average Drawdown Average peak-to-trough decline	-21.74%	-38.45%	+16.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.13%	11.04%	-0.91%

Volatility

DUSL vs. TPOR - Volatility Comparison

Direxion Daily Industrials Bull 3X Shares (DUSL) has a higher volatility of 14.35% compared to Direxion Daily Transportation Bull 3X Shares (TPOR) at 13.31%. This indicates that DUSL's price experiences larger fluctuations and is considered to be riskier than TPOR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DUSL	TPOR	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.35%	13.31%	+1.04%
Volatility (6M) Calculated over the trailing 6-month period	42.40%	46.89%	-4.49%
Volatility (1Y) Calculated over the trailing 1-year period	51.40%	59.38%	-7.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.05%	67.86%	-14.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.54%	70.74%	-9.20%

DUSL vs. TPOR - Expense Ratio Comparison

Both DUSL and TPOR have an expense ratio of 1.01%.

Dividends

DUSL vs. TPOR - Dividend Comparison

DUSL's dividend yield for the trailing twelve months is around 8.07%, more than TPOR's 0.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DUSL Direxion Daily Industrials Bull 3X Shares	8.07%	11.39%	6.61%	1.28%	0.66%	0.07%	0.48%	1.01%	1.46%	0.57%
TPOR Direxion Daily Transportation Bull 3X Shares	0.57%	0.91%	1.43%	1.51%	0.00%	0.00%	0.10%	0.96%	1.22%	8.70%

Frequently Asked Questions

Can I hold both DUSL and TPOR in my portfolio?

DUSL and TPOR have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DUSL or TPOR?

DUSL has higher volatility (14.35%) compared to TPOR (13.31%). In terms of maximum drawdown, DUSL dropped -85.74% vs TPOR's -87.59%.

Which ETF is better, DUSL or TPOR?

On 5-year performance, DUSL leads with 20.90% vs 1.96% for TPOR. Both ETFs have the same 1.01% expense ratio. On volatility, TPOR has been the lower-risk option at 13.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DUSL or TPOR?

Over the 5-year period, DUSL has performed better with a 20.90% return vs 1.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DUSL or TPOR?

DUSL and TPOR have the same expense ratio: 1.01% per year.

Which ETF pays a higher dividend yield, DUSL or TPOR?

DUSL has the higher dividend yield at 8.07%, compared with 0.57% for TPOR.

What is the main difference between DUSL and TPOR?

DUSL tracks Industrials Select Sector Index (300%), while TPOR tracks Dow Jones Transportation Average Index (300%).

Which has better risk-adjusted returns?

TPOR currently has the higher Sharpe Ratio (1.04 vs 0.85), 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.