GTOP vs. TSXU

Last updated Jun 4, 2026

GTOP (Goldman Sachs Technology Opportunities ETF) and TSXU (Direxion Daily Semiconductors Top 5 Bull 2X Shares) are both exchange-traded funds - GTOP is a Technology Equities fund actively managed by Goldman Sachs, while TSXU is a Leveraged Equities fund tracking the Solactive Semiconductor Top 5 Index (2x). GTOP is actively managed, while TSXU is passively managed. Their correlation of 0.83 suggests significant overlap in exposure. GTOP charges 0.65%/yr vs 1.05%/yr for TSXU.

Performance

GTOP vs. TSXU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Technology Opportunities ETF (GTOP) 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, GTOP achieves a 26.56% return, which is significantly lower than TSXU's 141.91% return.

GTOP

• 1D: -1.04%
• 1M: 13.91%
• YTD: 26.56%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSXU

• 1D: -0.92%
• 1M: 66.50%
• YTD: 141.91%
• 6M: 130.37%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GTOP vs. TSXU - Yearly Performance Comparison

	2026 (YTD)	2025
GTOP Goldman Sachs Technology Opportunities ETF	26.56%	-1.21%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	141.91%	-8.21%

Correlation

The correlation between GTOP and TSXU is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 9, 2025	0.83

Return for Risk

GTOP vs. TSXU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Technology Opportunities ETF (GTOP) 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.

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

Sharpe Ratios by Period

	GTOP	TSXU	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.61	4.53	-1.92

Drawdowns

GTOP vs. TSXU - Drawdown Comparison

The maximum GTOP drawdown since its inception was -14.47%, smaller than the maximum TSXU drawdown of -35.62%. Use the drawdown chart below to compare losses from any high point for GTOP and TSXU.

Drawdown Indicators

	GTOP	TSXU	Difference
Max Drawdown Largest peak-to-trough decline	-14.47%	-35.62%	+21.15%
Current Drawdown Current decline from peak	-1.04%	-0.92%	-0.12%
Average Drawdown Average peak-to-trough decline	-3.39%	-10.56%	+7.17%

Volatility

Volatility by Period

	GTOP	TSXU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	22.75%	78.68%	-55.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.75%	78.68%	-55.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.75%	78.68%	-55.93%

GTOP vs. TSXU - Expense Ratio Comparison

GTOP has a 0.65% expense ratio, which is lower than TSXU's 1.05% expense ratio.

Dividends

GTOP vs. TSXU - Dividend Comparison

GTOP has not paid dividends to shareholders, while TSXU's dividend yield for the trailing twelve months is around 1.20%.

Position	TTM	2025
GTOP Goldman Sachs Technology Opportunities ETF	0.00%	0.00%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	1.20%	2.54%

Frequently Asked Questions

Can I hold both GTOP and TSXU in my portfolio?

GTOP and TSXU have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GTOP or TSXU?

On fees, GTOP is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GTOP or TSXU?

GTOP is cheaper with a 0.65% expense ratio, compared with 1.05% for TSXU.

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

TSXU has the higher dividend yield at 1.20%, compared with 0.00% for GTOP.

What is the main difference between GTOP and TSXU?

GTOP is categorized as Technology Equities, while TSXU is Leveraged Equities. They also come from different issuers: Goldman Sachs and Direxion. Their fees differ too: 0.65% for GTOP and 1.05% for TSXU.