HIMZ vs. TSMX

Last updated Jun 4, 2026

HIMZ (Defiance Daily Target 2X Long HIMS ETF) and TSMX (Direxion Daily TSM Bull 2X Shares) are both Leveraged Equities funds. Both are actively managed. Over the past year, HIMZ returned -93.56% vs 295.18% for TSMX. At a 0.28 correlation, their price movements are largely independent. HIMZ charges 1.31%/yr vs 1.05%/yr for TSMX.

Performance

HIMZ vs. TSMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long HIMS ETF (HIMZ) 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, HIMZ achieves a -58.85% return, which is significantly lower than TSMX's 85.80% return.

HIMZ

• 1D: 0.06%
• 1M: -7.54%
• YTD: -58.85%
• 6M: -69.67%
• 1Y: -93.56%
• 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)

HIMZ vs. TSMX - Yearly Performance Comparison

	2026 (YTD)	2025
HIMZ Defiance Daily Target 2X Long HIMS ETF	-58.85%	-65.21%
TSMX Direxion Daily TSM Bull 2X Shares	85.80%	162.14%

Correlation

The correlation between HIMZ and TSMX is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (All Time) Calculated using the full available price history since Mar 14, 2025	0.28

HIMZ vs. TSMX - Sectors Allocation Comparison

Sectors	HIMZ	TSMX
Consumer Defensive	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	100.0%
Utilities	-	-

Return for Risk

HIMZ vs. TSMX — Risk / Return Rank

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

HIMZ

HIMZ Risk / Return Rank: 3
HIMZ Sharpe Ratio Rank: 5
HIMZ Sortino Ratio Rank: 4
HIMZ Omega Ratio Rank: 4
HIMZ Calmar Ratio Rank: 1
HIMZ Martin Ratio Rank: 3

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.

HIMZ vs. TSMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long HIMS ETF (HIMZ) 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.

	HIMZ	TSMX	Difference
Sharpe ratio: Return per unit of total volatility	-0.49	4.15	-4.64
Sortino ratio: Return per unit of downside risk	-0.60	3.78	-4.38
Omega ratio: Gain probability vs. loss probability	0.93	1.45	-0.53
Calmar ratio: Return relative to maximum drawdown	-0.96	8.51	-9.47
Martin ratio: Return relative to average drawdown	-1.18	27.80	-28.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HIMZ vs. TSMX - Sharpe Ratio Comparison

The current HIMZ Sharpe Ratio is -0.49, which is lower than the TSMX Sharpe Ratio of 4.15. The chart below compares the historical Sharpe Ratios of HIMZ and TSMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HIMZ	TSMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.49	4.15	-4.64
Sharpe Ratio (All Time) Calculated using the full available price history	-0.40	1.57	-1.97

Drawdowns

HIMZ vs. TSMX - Drawdown Comparison

The maximum HIMZ drawdown since its inception was -98.18%, which is greater than TSMX's maximum drawdown of -63.80%. Use the drawdown chart below to compare losses from any high point for HIMZ and TSMX.

Drawdown Indicators

	HIMZ	TSMX	Difference
Max Drawdown Largest peak-to-trough decline	-98.18%	-63.80%	-34.38%
Max Drawdown (1Y) Largest decline over 1 year	-98.04%	-34.93%	-63.11%
Current Drawdown Current decline from peak	-95.53%	-4.27%	-91.26%
Average Drawdown Average peak-to-trough decline	-68.90%	-15.85%	-53.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	79.15%	10.68%	+68.47%

Volatility

HIMZ vs. TSMX - Volatility Comparison

Defiance Daily Target 2X Long HIMS ETF (HIMZ) has a higher volatility of 53.92% compared to Direxion Daily TSM Bull 2X Shares (TSMX) at 22.91%. This indicates that HIMZ's price experiences larger fluctuations and is considered to be riskier than TSMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HIMZ	TSMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	53.92%	22.91%	+31.01%
Volatility (6M) Calculated over the trailing 6-month period	131.06%	54.45%	+76.61%
Volatility (1Y) Calculated over the trailing 1-year period	191.74%	71.63%	+120.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	200.34%	80.93%	+119.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	200.34%	80.93%	+119.41%

HIMZ vs. TSMX - Expense Ratio Comparison

HIMZ has a 1.31% expense ratio, which is higher than TSMX's 1.05% expense ratio.

Dividends

HIMZ vs. TSMX - Dividend Comparison

HIMZ's dividend yield for the trailing twelve months is around 5.94%, more than TSMX's 4.44% yield.

Position	TTM	2025	2024
HIMZ Defiance Daily Target 2X Long HIMS ETF	5.94%	2.44%	0.00%
TSMX Direxion Daily TSM Bull 2X Shares	4.44%	8.01%	0.53%

Frequently Asked Questions

Can I hold both HIMZ and TSMX in my portfolio?

HIMZ and TSMX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HIMZ or TSMX?

HIMZ has higher volatility (53.92%) compared to TSMX (22.91%). In terms of maximum drawdown, HIMZ dropped -98.18% vs TSMX's -63.80%.

Which ETF is better, HIMZ or TSMX?

On 1-year performance, TSMX leads with 295.18% vs -93.56% for HIMZ. On fees, TSMX is cheaper at 1.05% per year. On volatility, TSMX has been the lower-risk option at 22.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HIMZ or TSMX?

Over the 1-year period, TSMX has performed better with a 295.18% return vs -93.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HIMZ or TSMX?

TSMX is cheaper with a 1.05% expense ratio, compared with 1.31% for HIMZ.

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

HIMZ has the higher dividend yield at 5.94%, compared with 4.44% for TSMX.

What is the main difference between HIMZ and TSMX?

They also come from different issuers: Defiance and Direxion. Their fees differ too: 1.31% for HIMZ and 1.05% for TSMX.

Which has better risk-adjusted returns?

TSMX currently has the higher Sharpe Ratio (4.15 vs -0.49), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.