ETEC vs. TSXU
ETEC (iShares Breakthrough Environmental Solutions ETF) and TSXU (Direxion Daily Semiconductors Top 5 Bull 2X Shares) are both exchange-traded funds - ETEC is a Technology Equities fund tracking the Morningstar Global Emerging Green Technologies Select Index - Benchmark TR Net, while TSXU is a Leveraged Equities fund tracking the Solactive Semiconductor Top 5 Index (2x). Both are passively managed. A 0.67 correlation means they provide meaningful diversification when combined. ETEC charges 0.47%/yr vs 1.05%/yr for TSXU.
Performance
ETEC vs. TSXU - Performance Comparison
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Returns By Period
In the year-to-date period, ETEC achieves a 29.01% return, which is significantly lower than TSXU's 141.91% return.
ETEC
- 1D
- 0.71%
- 1M
- 10.60%
- YTD
- 29.01%
- 6M
- 30.09%
- 1Y
- 63.13%
- 3Y*
- 10.90%
- 5Y*
- —
- 10Y*
- —
TSXU
- 1D
- -0.92%
- 1M
- 66.50%
- YTD
- 141.91%
- 6M
- 130.37%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETEC vs. TSXU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ETEC iShares Breakthrough Environmental Solutions ETF | 29.01% | 1.48% |
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares | 141.91% | 13.59% |
Correlation
The correlation between ETEC and TSXU is 0.67, 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 Oct 2, 2025 | 0.67 |
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Return for Risk
ETEC vs. TSXU — Risk / Return Rank
ETEC
TSXU
ETEC vs. TSXU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Breakthrough Environmental Solutions ETF (ETEC) 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.
| ETEC | TSXU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.48 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 6.05 | — | — |
| Martin ratioReturn relative to average drawdown | 18.94 | — | — |
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
| ETEC | TSXU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.97 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 4.53 | -4.17 |
Drawdowns
ETEC vs. TSXU - Drawdown Comparison
The maximum ETEC drawdown since its inception was -39.71%, which is greater than TSXU's maximum drawdown of -35.62%. Use the drawdown chart below to compare losses from any high point for ETEC and TSXU.
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Drawdown Indicators
| ETEC | TSXU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.71% | -35.62% | -4.09% |
Max Drawdown (1Y)Largest decline over 1 year | -10.49% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -39.71% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.92% | +0.92% |
Average DrawdownAverage peak-to-trough decline | -15.00% | -10.56% | -4.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.34% | — | — |
Volatility
ETEC vs. TSXU - Volatility Comparison
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Volatility by Period
| ETEC | TSXU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.14% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 15.83% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 21.36% | 78.68% | -57.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.87% | 78.68% | -54.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.87% | 78.68% | -54.81% |
ETEC vs. TSXU - Expense Ratio Comparison
ETEC has a 0.47% expense ratio, which is lower than TSXU's 1.05% expense ratio.
Dividends
ETEC vs. TSXU - Dividend Comparison
ETEC's dividend yield for the trailing twelve months is around 0.25%, less than TSXU's 1.20% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
ETEC iShares Breakthrough Environmental Solutions ETF | 0.25% | 0.33% | 1.24% | 4.18% |
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares | 1.20% | 2.54% | 0.00% | 0.00% |
Frequently Asked Questions
ETEC and TSXU 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.
On fees, ETEC is cheaper at 0.47% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETEC is cheaper with a 0.47% expense ratio, compared with 1.05% for TSXU.
TSXU has the higher dividend yield at 1.20%, compared with 0.25% for ETEC.
ETEC is categorized as Technology Equities, while TSXU is Leveraged Equities. ETEC tracks Morningstar Global Emerging Green Technologies Select Index - Benchmark TR Net, while TSXU tracks Solactive Semiconductor Top 5 Index (2x). They also come from different issuers: iShares and Direxion. Their fees differ too: 0.47% for ETEC and 1.05% for TSXU.
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