FOXY vs. TSCM

Last updated Jun 4, 2026

FOXY (Simplify Currency Strategy ETF) and TSCM (TimesSquare Quality Mid Cap Growth ETF) are both exchange-traded funds - FOXY is a Leveraged Currency fund actively managed by Simplify, while TSCM is a Mid Cap Growth Equities fund actively managed by TimesSquare Capital Management. Both are actively managed. At a 0.07 correlation, their price movements are largely independent. FOXY charges 0.81%/yr vs 0.55%/yr for TSCM.

Performance

FOXY vs. TSCM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Currency Strategy ETF (FOXY) and TimesSquare Quality Mid Cap Growth ETF (TSCM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FOXY achieves a 11.55% return, which is significantly higher than TSCM's 3.31% return.

FOXY

• 1D: 0.27%
• 1M: 1.51%
• YTD: 11.55%
• 6M: 7.50%
• 1Y: 20.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSCM

• 1D: -0.92%
• 1M: 5.27%
• YTD: 3.31%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FOXY vs. TSCM - Yearly Performance Comparison

	2026 (YTD)	2025
FOXY Simplify Currency Strategy ETF	11.55%	-0.40%
TSCM TimesSquare Quality Mid Cap Growth ETF	3.31%	-0.86%

Correlation

The correlation between FOXY and TSCM is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 31, 2025	0.07

Return for Risk

FOXY vs. TSCM — Risk / Return Rank

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

FOXY

FOXY Risk / Return Rank: 70
FOXY Sharpe Ratio Rank: 63
FOXY Sortino Ratio Rank: 68
FOXY Omega Ratio Rank: 62
FOXY Calmar Ratio Rank: 86
FOXY Martin Ratio Rank: 72

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.

FOXY vs. TSCM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Currency Strategy ETF (FOXY) and TimesSquare Quality Mid Cap Growth ETF (TSCM). 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.

	FOXY	TSCM	Difference
Sharpe ratio: Return per unit of total volatility	2.13	—	—
Sortino ratio: Return per unit of downside risk	3.15	—	—
Omega ratio: Gain probability vs. loss probability	1.38	—	—
Calmar ratio: Return relative to maximum drawdown	4.86	—	—
Martin ratio: Return relative to average drawdown	13.60	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FOXY	TSCM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.13	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.37	0.28	+1.09

Drawdowns

FOXY vs. TSCM - Drawdown Comparison

The maximum FOXY drawdown since its inception was -13.09%, smaller than the maximum TSCM drawdown of -14.87%. Use the drawdown chart below to compare losses from any high point for FOXY and TSCM.

Drawdown Indicators

	FOXY	TSCM	Difference
Max Drawdown Largest peak-to-trough decline	-13.09%	-14.87%	+1.78%
Max Drawdown (1Y) Largest decline over 1 year	-4.32%	—	—
Current Drawdown Current decline from peak	-1.32%	-0.92%	-0.40%
Average Drawdown Average peak-to-trough decline	-2.11%	-6.33%	+4.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.54%	—	—

Volatility

Volatility by Period

	FOXY	TSCM	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.17%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.42%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.99%	21.03%	-11.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.07%	21.03%	-5.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.07%	21.03%	-5.96%

FOXY vs. TSCM - Expense Ratio Comparison

FOXY has a 0.81% expense ratio, which is higher than TSCM's 0.55% expense ratio.

Dividends

FOXY vs. TSCM - Dividend Comparison

FOXY's dividend yield for the trailing twelve months is around 8.14%, while TSCM has not paid dividends to shareholders.

Position	TTM	2025
FOXY Simplify Currency Strategy ETF	8.14%	5.51%
TSCM TimesSquare Quality Mid Cap Growth ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both FOXY and TSCM in my portfolio?

FOXY and TSCM have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FOXY or TSCM?

On fees, TSCM is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FOXY or TSCM?

TSCM is cheaper with a 0.55% expense ratio, compared with 0.81% for FOXY.

Which ETF pays a higher dividend yield, FOXY or TSCM?

FOXY has the higher dividend yield at 8.14%, compared with 0.00% for TSCM.

What is the main difference between FOXY and TSCM?

FOXY is categorized as Leveraged Currency, while TSCM is Mid Cap Growth Equities. They also come from different issuers: Simplify and TimesSquare Capital Management. Their fees differ too: 0.81% for FOXY and 0.55% for TSCM.