FOTO vs. TSXU

Last updated Jul 15, 2026

FOTO (Tuttle Capital Pure Play Photonics ETF) and TSXU (Direxion Daily Semiconductors Top 5 Bull 2X Shares) are both exchange-traded funds - FOTO is a Technology Equities fund actively managed by Tuttle, while TSXU is a Leveraged Equities fund tracking the Solactive Semiconductor Top 5 Index (2x). FOTO is actively managed, while TSXU is passively managed. A 0.79 correlation means they provide meaningful diversification when combined. FOTO charges 0.75%/yr vs 1.05%/yr for TSXU.

Performance

FOTO vs. TSXU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tuttle Capital Pure Play Photonics ETF (FOTO) and Direxion Daily Semiconductors Top 5 Bull 2X Shares (TSXU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FOTO

• 1D: 3.57%
• 1M: -13.36%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSXU

• 1D: 4.77%
• 1M: 2.99%
• 6M: 88.72%
• YTD: 112.57%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FOTO vs. TSXU - Yearly Performance Comparison

	2026 (YTD)
FOTO Tuttle Capital Pure Play Photonics ETF	-15.47%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	4.57%

Correlation

The correlation between FOTO and TSXU is 0.79, 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 May 29, 2026	0.79

Return for Risk

FOTO vs. TSXU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tuttle Capital Pure Play Photonics ETF (FOTO) 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.

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

Drawdowns

FOTO vs. TSXU - Drawdown Comparison

The maximum FOTO drawdown since its inception was -28.53%, smaller than the maximum TSXU drawdown of -35.62%. Use the drawdown chart below to compare losses from any high point for FOTO and TSXU.

Drawdown Indicators

	FOTO	TSXU	Difference
Max Drawdown Largest peak-to-trough decline	-28.53%	-35.62%	+7.09%
Current Drawdown Current decline from peak	-22.92%	-14.06%	-8.86%
Average Drawdown Average peak-to-trough decline	-14.79%	-10.89%	-3.90%

Volatility

Volatility by Period

	FOTO	TSXU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	77.14%	90.34%	-13.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	77.14%	90.34%	-13.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	77.14%	90.34%	-13.20%

FOTO vs. TSXU - Expense Ratio Comparison

FOTO has a 0.75% expense ratio, which is lower than TSXU's 1.05% expense ratio.

Dividends

FOTO vs. TSXU - Dividend Comparison

FOTO has not paid dividends to shareholders, while TSXU's dividend yield for the trailing twelve months is around 1.65%.

Position	TTM	2025
FOTO Tuttle Capital Pure Play Photonics ETF	0.00%	0.00%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	1.65%	2.54%

Frequently Asked Questions

Can I hold both FOTO and TSXU in my portfolio?

FOTO and TSXU have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FOTO or TSXU?

On fees, FOTO is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FOTO or TSXU?

FOTO is cheaper with a 0.75% expense ratio, compared with 1.05% for TSXU.

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

TSXU has the higher dividend yield at 1.65%, compared with 0.00% for FOTO.

What is the main difference between FOTO and TSXU?

FOTO is categorized as Technology Equities, while TSXU is Leveraged Equities. They also come from different issuers: Tuttle and Direxion. Their fees differ too: 0.75% for FOTO and 1.05% for TSXU.