HCYAX vs. TSXU

Last updated Jun 24, 2026

HCYAX (Hilton Tactical Income Fund) and TSXU (Direxion Daily Semiconductors Top 5 Bull 2X Shares) are both funds - HCYAX is a Tactical Allocation fund managed by Direxion, while TSXU is a Leveraged Equities fund tracking the Solactive Semiconductor Top 5 Index (2x). A 0.55 correlation means they provide meaningful diversification when combined. HCYAX charges 1.12%/yr vs 1.05%/yr for TSXU.

Performance

HCYAX vs. TSXU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hilton Tactical Income Fund (HCYAX) 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, HCYAX achieves a 2.36% return, which is significantly lower than TSXU's 113.38% return.

HCYAX

• 1D: -0.05%
• 1M: 0.17%
• YTD: 2.36%
• 6M: 2.13%
• 1Y: 9.15%
• 3Y*: 8.64%
• 5Y*: 4.39%
• 10Y*: 5.34%

TSXU

• 1D: -13.73%
• 1M: 19.65%
• YTD: 113.38%
• 6M: 118.38%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HCYAX vs. TSXU - Yearly Performance Comparison

	2026 (YTD)	2025
HCYAX Hilton Tactical Income Fund	2.36%	1.78%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	113.38%	37.96%

Correlation

The correlation between HCYAX and TSXU is 0.55, 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 Oct 1, 2025	0.55

Return for Risk

HCYAX vs. TSXU — Risk / Return Rank

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

HCYAX

HCYAX Risk / Return Rank: 39
HCYAX Sharpe Ratio Rank: 42
HCYAX Sortino Ratio Rank: 42
HCYAX Omega Ratio Rank: 43
HCYAX Calmar Ratio Rank: 29
HCYAX Martin Ratio Rank: 37

TSXU

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

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.

HCYAX vs. TSXU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hilton Tactical Income Fund (HCYAX) 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.

	HCYAX	TSXU	Difference
Sharpe ratio: Return per unit of total volatility	1.76	—	—
Sortino ratio: Return per unit of downside risk	2.53	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	1.91	—	—
Martin ratio: Return relative to average drawdown	7.77	—	—

Drawdowns

HCYAX vs. TSXU - Drawdown Comparison

The maximum HCYAX drawdown since its inception was -25.70%, smaller than the maximum TSXU drawdown of -35.62%. Use the drawdown chart below to compare losses from any high point for HCYAX and TSXU.

Drawdown Indicators

	HCYAX	TSXU	Difference
Max Drawdown Largest peak-to-trough decline	-25.70%	-35.62%	+9.92%
Max Drawdown (1Y) Largest decline over 1 year	-5.14%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-7.73%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-13.90%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-25.70%	—	—
Current Drawdown Current decline from peak	-0.32%	-13.73%	+13.41%
Average Drawdown Average peak-to-trough decline	-3.23%	-10.67%	+7.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.26%	—	—

Volatility

Volatility by Period

	HCYAX	TSXU	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.97%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.45%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.57%	89.70%	-84.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.41%	89.70%	-83.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.12%	89.70%	-81.58%

HCYAX vs. TSXU - Expense Ratio Comparison

HCYAX has a 1.12% expense ratio, which is higher than TSXU's 1.05% expense ratio.

Dividends

HCYAX vs. TSXU - Dividend Comparison

HCYAX's dividend yield for the trailing twelve months is around 6.41%, more than TSXU's 1.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HCYAX Hilton Tactical Income Fund	6.41%	6.26%	3.22%	2.81%	2.77%	2.40%	3.26%	2.64%	3.98%	2.54%	3.63%	4.28%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	1.36%	2.54%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HCYAX and TSXU in my portfolio?

HCYAX and TSXU have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.