HIMY vs. TSMX

Last updated Jun 4, 2026

HIMY (Defiance Leveraged Long + Income HIMS ETF) and TSMX (Direxion Daily TSM Bull 2X Shares) are both Leveraged Equities funds. Both are actively managed. At a 0.17 correlation, their price movements are largely independent. HIMY charges 1.51%/yr vs 1.05%/yr for TSMX.

Performance

HIMY vs. TSMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Leveraged Long + Income HIMS ETF (HIMY) 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, HIMY achieves a -13.23% return, which is significantly lower than TSMX's 85.80% return.

HIMY

• 1D: 0.00%
• 1M: 0.00%
• YTD: -13.23%
• 6M: -31.22%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSMX

• 1D: -4.27%
• 1M: 15.97%
• YTD: 85.80%
• 6M: 94.81%
• 1Y: 295.18%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HIMY vs. TSMX - Yearly Performance Comparison

	2026 (YTD)	2025
HIMY Defiance Leveraged Long + Income HIMS ETF	-13.23%	-47.75%
TSMX Direxion Daily TSM Bull 2X Shares	85.80%	58.87%

Correlation

The correlation between HIMY and TSMX is 0.17, 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 Aug 20, 2025	0.17

Return for Risk

HIMY vs. TSMX — Risk / Return Rank

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

TSMX

TSMX Risk / Return Rank: 89
TSMX Sharpe Ratio Rank: 96
TSMX Sortino Ratio Rank: 83
TSMX Omega Ratio Rank: 75
TSMX Calmar Ratio Rank: 95
TSMX Martin Ratio Rank: 94

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.

HIMY vs. TSMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Leveraged Long + Income HIMS ETF (HIMY) 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.

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

Sharpe Ratios by Period

	HIMY	TSMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	4.15	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.71	1.57	-2.28

Drawdowns

HIMY vs. TSMX - Drawdown Comparison

The maximum HIMY drawdown since its inception was -76.38%, which is greater than TSMX's maximum drawdown of -63.80%. Use the drawdown chart below to compare losses from any high point for HIMY and TSMX.

Drawdown Indicators

	HIMY	TSMX	Difference
Max Drawdown Largest peak-to-trough decline	-76.38%	-63.80%	-12.58%
Max Drawdown (1Y) Largest decline over 1 year	—	-34.93%	—
Current Drawdown Current decline from peak	-74.01%	-4.27%	-69.74%
Average Drawdown Average peak-to-trough decline	-53.64%	-15.85%	-37.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.68%	—

Volatility

Volatility by Period

	HIMY	TSMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	22.91%	—
Volatility (6M) Calculated over the trailing 6-month period	—	54.45%	—
Volatility (1Y) Calculated over the trailing 1-year period	92.97%	71.63%	+21.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	92.97%	80.93%	+12.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	92.97%	80.93%	+12.04%

HIMY vs. TSMX - Expense Ratio Comparison

HIMY has a 1.51% expense ratio, which is higher than TSMX's 1.05% expense ratio.

Dividends

HIMY vs. TSMX - Dividend Comparison

HIMY's dividend yield for the trailing twelve months is around 102.38%, more than TSMX's 4.44% yield.

Position	TTM	2025	2024
HIMY Defiance Leveraged Long + Income HIMS ETF	102.38%	81.61%	0.00%
TSMX Direxion Daily TSM Bull 2X Shares	4.44%	8.01%	0.53%

Frequently Asked Questions

Can I hold both HIMY and TSMX in my portfolio?

HIMY and TSMX have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HIMY or TSMX?

On fees, TSMX is cheaper at 1.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HIMY or TSMX?

TSMX is cheaper with a 1.05% expense ratio, compared with 1.51% for HIMY.

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

HIMY has the higher dividend yield at 102.38%, compared with 4.44% for TSMX.

What is the main difference between HIMY and TSMX?

They also come from different issuers: Defiance and Direxion. Their fees differ too: 1.51% for HIMY and 1.05% for TSMX.