ETEC vs. TSXU

Last updated Jul 12, 2026

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 0.70 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

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Breakthrough Environmental Solutions ETF (ETEC) and Direxion Daily Semiconductors Top 5 Bull 2X Shares (TSXU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ETEC achieves a 14.82% return, which is significantly lower than TSXU's 119.17% return.

ETEC

• 1D: -0.26%
• 1M: -3.42%
• 6M: 10.61%
• YTD: 14.82%
• 1Y: 37.37%
• 3Y*: 4.97%
• 5Y*: —
• 10Y*: —

TSXU

• 1D: 1.54%
• 1M: 6.19%
• 6M: 104.53%
• YTD: 119.17%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ETEC vs. TSXU - Yearly Performance Comparison

	2026 (YTD)	2025
ETEC iShares Breakthrough Environmental Solutions ETF	14.82%	2.28%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	119.17%	37.96%

Correlation

The correlation between ETEC and TSXU is 0.70, 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 1, 2025	0.70

Return for Risk

ETEC vs. TSXU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ETEC

ETEC Risk / Return Rank: 60
ETEC Sharpe Ratio Rank: 57
ETEC Sortino Ratio Rank: 53
ETEC Omega Ratio Rank: 54
ETEC Calmar Ratio Rank: 73
ETEC Martin Ratio Rank: 63

TSXU

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

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.

	ETEC	TSXU	Difference
Sharpe ratio: Return per unit of total volatility	1.54	—	—
Sortino ratio: Return per unit of downside risk	2.07	—	—
Omega ratio: Gain probability vs. loss probability	1.27	—	—
Calmar ratio: Return relative to maximum drawdown	2.97	—	—
Martin ratio: Return relative to average drawdown	8.96	—	—

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.

Drawdown Indicators

	ETEC	TSXU	Difference
Max Drawdown Largest peak-to-trough decline	-39.71%	-35.62%	-4.09%
Max Drawdown (1Y) Largest decline over 1 year	-12.60%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-39.71%	—	—
Current Drawdown Current decline from peak	-11.00%	-11.39%	+0.39%
Average Drawdown Average peak-to-trough decline	-14.75%	-10.83%	-3.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.17%	—	—

Volatility

Volatility by Period

	ETEC	TSXU	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.55%	—	—
Volatility (6M) Calculated over the trailing 6-month period	20.22%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	24.30%	90.21%	-65.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.60%	90.21%	-65.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.60%	90.21%	-65.61%

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 0.46%, less than TSXU's 1.60% yield.

Position	TTM	2025	2024	2023
ETEC iShares Breakthrough Environmental Solutions ETF	0.46%	0.33%	1.24%	4.18%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	1.60%	2.54%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ETEC and TSXU in my portfolio?

ETEC and TSXU have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ETEC or TSXU?

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.

Which ETF is cheaper, ETEC or TSXU?

ETEC is cheaper with a 0.47% expense ratio, compared with 1.05% for TSXU.

Which ETF pays a higher dividend yield, ETEC or TSXU?

TSXU has the higher dividend yield at 1.60%, compared with 0.46% for ETEC.

What is the main difference between ETEC and TSXU?

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.