FIGS vs. TNA

Last updated Aug 1, 2026

FIGS (FIGS, Inc.) is a stock, while TNA (Direxion Daily Small Cap Bull 3X Shares) is Leveraged Equities fund tracking the Russell 2000 Index (300% Daily). Over the past 5 years, FIGS returned -21.72%/yr vs -4.05%/yr for TNA. Their 0.49 correlation means their historical movements had little consistent relationship.

Performance

FIGS vs. TNA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FIGS, Inc. (FIGS) and Direxion Daily Small Cap Bull 3X Shares (TNA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIGS achieves a -5.81% return, which is significantly lower than TNA's 48.69% return.

FIGS

• 1D: 2.00%
• 1M: 7.11%
• 6M: -1.02%
• YTD: -5.81%
• 1Y: 72.30%
• 3Y*: 14.22%
• 5Y*: -21.72%
• 10Y*: —
• ALL TIME*: -17.13%

TNA

• 1D: -1.37%
• 1M: -7.22%
• 6M: 28.70%
• YTD: 48.69%
• 1Y: 108.54%
• 3Y*: 19.19%
• 5Y*: -4.05%
• 10Y*: 7.13%
• ALL TIME*: 14.32%

*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)
FIGS FIGS, Inc.	$28.04M	$29.84M	$38.62M
TNA Direxion Daily Small Cap Bull 3X Shares	$284.85M	$300.19M	$411.47M

FIGS vs. TNA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FIGS FIGS, Inc.	-5.81%	83.52%	-10.94%	3.27%	-75.58%	-2.61%
TNA Direxion Daily Small Cap Bull 3X Shares	48.69%	9.82%	7.21%	26.24%	-62.48%	-6.56%

Correlation

The correlation between FIGS and TNA is 0.31, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.31
Correlation (3Y) Balances recent behavior with more history.	0.42
Correlation (5Y) Shows whether the relationship held over a longer period.	0.50
Correlation (All Time) Calculated using the full available price history since May 27, 2021	0.49

The correlation between FIGS and TNA shifts across timeframes, from 0.31 (1 year) to 0.50 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FIGS vs. TNA — Risk / Return Rank

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

FIGS

FIGS Risk / Return Rank: 74
FIGS Sharpe Ratio Rank: 76
FIGS Sortino Ratio Rank: 75
FIGS Omega Ratio Rank: 76
FIGS Calmar Ratio Rank: 72
FIGS Martin Ratio Rank: 73

TNA

TNA Risk / Return Rank: 72
TNA Sharpe Ratio Rank: 74
TNA Sortino Ratio Rank: 69
TNA Omega Ratio Rank: 62
TNA Calmar Ratio Rank: 81
TNA Martin Ratio Rank: 77

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.

FIGS vs. TNA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FIGS, Inc. (FIGS) and Direxion Daily Small Cap Bull 3X Shares (TNA). 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.

	FIGS	TNA	Difference
Sharpe ratio: Return per unit of total volatility	1.01	1.66	-0.65
Sortino ratio: Return per unit of downside risk	1.71	2.23	-0.52
Omega ratio: Gain probability vs. loss probability	1.23	1.26	-0.03
Calmar ratio: Return relative to maximum drawdown	1.41	2.95	-1.54
Martin ratio: Return relative to average drawdown	3.51	9.70	-6.19

FIGS vs. TNA - Sharpe Ratio Comparison

The current FIGS Sharpe Ratio is 1.01, which is lower than the TNA Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of FIGS and TNA, 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

FIGS vs. TNA - Drawdown Comparison

The maximum FIGS drawdown since its inception was -92.77%, which is greater than TNA's maximum drawdown of -88.09%. Use the drawdown chart below to compare losses from any high point for FIGS and TNA.

Drawdown Indicators

	FIGS	TNA	Difference
Max Drawdown Largest peak-to-trough decline	-92.77%	-88.09%	-4.68%
Max Drawdown (1Y) Largest decline over 1 year	-46.03%	-32.53%	-13.50%
Max Drawdown (3Y) Largest decline over 3 years	-54.41%	-65.78%	+11.37%
Max Drawdown (5Y) Largest decline over 5 years	-92.02%	-82.36%	-9.66%
Max Drawdown (10Y) Largest decline over 10 years	—	-88.09%	—
Current Drawdown Current decline from peak	-78.64%	-37.12%	-41.52%
Average Drawdown Average peak-to-trough decline	-75.95%	-33.92%	-42.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.48%	9.90%	+8.58%

Volatility

FIGS vs. TNA - Volatility Comparison

FIGS, Inc. (FIGS) has a higher volatility of 13.10% compared to Direxion Daily Small Cap Bull 3X Shares (TNA) at 11.41%. This indicates that FIGS's price experiences larger fluctuations and is considered to be riskier than TNA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIGS	TNA	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.10%	11.41%	+1.69%
Volatility (6M) Calculated over the trailing 6-month period	54.33%	42.11%	+12.22%
Volatility (1Y) Calculated over the trailing 1-year period	64.24%	57.87%	+6.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	69.27%	67.19%	+2.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	70.03%	68.35%	+1.68%

Dividends

FIGS vs. TNA - Dividend Comparison

FIGS has not paid dividends to shareholders, while TNA's dividend yield for the trailing twelve months is around 0.31%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FIGS FIGS, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TNA Direxion Daily Small Cap Bull 3X Shares	0.31%	0.78%	0.93%	1.27%	0.31%	0.06%	0.03%	0.44%	0.36%	0.15%

Frequently Asked Questions

Can I hold both FIGS and TNA in my portfolio?

FIGS and TNA 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.

Which is riskier, FIGS or TNA?

FIGS has higher volatility (13.10%) compared to TNA (11.41%). In terms of maximum drawdown, FIGS dropped -92.77% vs TNA's -88.09%.

Which has better risk-adjusted returns?

TNA currently has the higher Sharpe Ratio (1.66 vs 1.01), 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.