FUTG vs. TSMX

Last updated Jun 14, 2026

FUTG (Leverage Shares 2X Long FUTU Daily ETF) and TSMX (Direxion Daily TSM Bull 2X Shares) are both Leveraged Equities funds. Both are actively managed. At a 0.42 correlation, their price movements are largely independent. FUTG charges 0.75%/yr vs 1.05%/yr for TSMX.

Performance

FUTG vs. TSMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long FUTU Daily ETF (FUTG) and Direxion Daily TSM Bull 2X Shares (TSMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FUTG achieves a -75.13% return, which is significantly lower than TSMX's 73.05% return.

FUTG

• 1D: 3.79%
• 1M: -61.72%
• YTD: -75.13%
• 6M: -77.30%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSMX

• 1D: 1.33%
• 1M: 1.01%
• YTD: 73.05%
• 6M: 85.53%
• 1Y: 222.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FUTG vs. TSMX - Yearly Performance Comparison

	2026 (YTD)	2025
FUTG Leverage Shares 2X Long FUTU Daily ETF	-75.13%	-0.20%
TSMX Direxion Daily TSM Bull 2X Shares	73.05%	-3.53%

Correlation

The correlation between FUTG and TSMX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 14, 2025	0.42

Return for Risk

FUTG vs. TSMX — Risk / Return Rank

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

FUTG

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

TSMX

TSMX Risk / Return Rank: 86
TSMX Sharpe Ratio Rank: 92
TSMX Sortino Ratio Rank: 79
TSMX Omega Ratio Rank: 72
TSMX Calmar Ratio Rank: 94
TSMX Martin Ratio Rank: 92

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.

FUTG vs. TSMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long FUTU Daily ETF (FUTG) and Direxion Daily TSM Bull 2X Shares (TSMX). 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.

	FUTG	TSMX	Difference
Sharpe ratio: Return per unit of total volatility	—	2.86	—
Sortino ratio: Return per unit of downside risk	—	3.04	—
Omega ratio: Gain probability vs. loss probability	—	1.37	—
Calmar ratio: Return relative to maximum drawdown	—	6.04	—
Martin ratio: Return relative to average drawdown	—	19.41	—

Drawdowns

FUTG vs. TSMX - Drawdown Comparison

The maximum FUTG drawdown since its inception was -86.19%, which is greater than TSMX's maximum drawdown of -63.80%. Use the drawdown chart below to compare losses from any high point for FUTG and TSMX.

Drawdown Indicators

	FUTG	TSMX	Difference
Max Drawdown Largest peak-to-trough decline	-86.19%	-63.80%	-22.39%
Max Drawdown (1Y) Largest decline over 1 year	—	-34.93%	—
Current Drawdown Current decline from peak	-84.04%	-10.84%	-73.20%
Average Drawdown Average peak-to-trough decline	-41.98%	-15.72%	-26.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.85%	—

Volatility

Volatility by Period

	FUTG	TSMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	27.06%	—
Volatility (6M) Calculated over the trailing 6-month period	—	57.56%	—
Volatility (1Y) Calculated over the trailing 1-year period	133.43%	73.81%	+59.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	133.43%	81.50%	+51.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	133.43%	81.50%	+51.93%

FUTG vs. TSMX - Expense Ratio Comparison

FUTG has a 0.75% expense ratio, which is lower than TSMX's 1.05% expense ratio.

Dividends

FUTG vs. TSMX - Dividend Comparison

FUTG has not paid dividends to shareholders, while TSMX's dividend yield for the trailing twelve months is around 4.77%.

Position	TTM	2025	2024
FUTG Leverage Shares 2X Long FUTU Daily ETF	0.00%	0.00%	0.00%
TSMX Direxion Daily TSM Bull 2X Shares	4.77%	8.01%	0.53%

Frequently Asked Questions

Can I hold both FUTG and TSMX in my portfolio?

FUTG and TSMX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FUTG or TSMX?

On fees, FUTG 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, FUTG or TSMX?

FUTG is cheaper with a 0.75% expense ratio, compared with 1.05% for TSMX.

Which ETF pays a higher dividend yield, FUTG or TSMX?

TSMX has the higher dividend yield at 4.77%, compared with 0.00% for FUTG.

What is the main difference between FUTG and TSMX?

They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.75% for FUTG and 1.05% for TSMX.