HOOG vs. TSMX

Last updated Apr 1, 2026

Compare and contrast key facts about Leverage Shares 2X Long HOOD Daily ETF (HOOG) and Direxion Daily TSM Bull 2X Shares (TSMX).

HOOG and TSMX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HOOG is an actively managed fund by Leverage Shares. It was launched on Mar 20, 2025. TSMX is an actively managed fund by Direxion. It was launched on Oct 3, 2024.

Performance

HOOG vs. TSMX - Performance Comparison

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

HOOG vs. TSMX - Yearly Performance Comparison

	2026 (YTD)	2025
HOOG Leverage Shares 2X Long HOOD Daily ETF	-68.49%	291.44%
TSMX Direxion Daily TSM Bull 2X Shares	16.15%	146.41%

Returns By Period

In the year-to-date period, HOOG achieves a -68.49% return, which is significantly lower than TSMX's 16.15% return.

HOOG

• 1D: 12.50%
• 1M: -20.36%
• YTD: -68.49%
• 6M: -83.51%
• 1Y: 42.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSMX

• 1D: 13.81%
• 1M: -20.58%
• YTD: 16.15%
• 6M: 30.27%
• 1Y: 227.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOOG vs. TSMX - Expense Ratio Comparison

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

TSMX

Direxion Daily TSM Bull 2X Shares

HOOG

Leverage Shares 2X Long HOOD Daily ETF

Return for Risk

HOOG vs. TSMX — Risk / Return Rank

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

HOOG

HOOG Risk / Return Rank: 34
HOOG Sharpe Ratio Rank: 21
HOOG Sortino Ratio Rank: 59
HOOG Omega Ratio Rank: 48
HOOG Calmar Ratio Rank: 23
HOOG Martin Ratio Rank: 19

TSMX

TSMX Risk / Return Rank: 96
TSMX Sharpe Ratio Rank: 97
TSMX Sortino Ratio Rank: 95
TSMX Omega Ratio Rank: 91
TSMX Calmar Ratio Rank: 98
TSMX Martin Ratio Rank: 97

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.

HOOG vs. TSMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long HOOD Daily ETF (HOOG) 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.

	HOOG	TSMX	Difference
Sharpe ratio Return per unit of total volatility	0.30	2.95	-2.66
Sortino ratio Return per unit of downside risk	1.49	3.08	-1.59
Omega ratio Gain probability vs. loss probability	1.18	1.39	-0.21
Calmar ratio Return relative to maximum drawdown	0.47	6.59	-6.12
Martin ratio Return relative to average drawdown	1.00	20.50	-19.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HOOG vs. TSMX - Sharpe Ratio Comparison

The current HOOG Sharpe Ratio is 0.30, which is lower than the TSMX Sharpe Ratio of 2.95. The chart below compares the historical Sharpe Ratios of HOOG and TSMX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HOOG	TSMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.30	2.95	-2.66
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	1.01	-0.85

Correlation

The correlation between HOOG and TSMX is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

HOOG vs. TSMX - Dividend Comparison

HOOG's dividend yield for the trailing twelve months is around 39.05%, more than TSMX's 7.11% yield.

	TTM	2025	2024
HOOG Leverage Shares 2X Long HOOD Daily ETF	39.05%	12.30%	0.00%
TSMX Direxion Daily TSM Bull 2X Shares	7.11%	8.01%	0.53%

Drawdowns

HOOG vs. TSMX - Drawdown Comparison

The maximum HOOG drawdown since its inception was -86.94%, which is greater than TSMX's maximum drawdown of -63.80%. Use the drawdown chart below to compare losses from any high point for HOOG and TSMX.

Drawdown Indicators

	HOOG	TSMX	Difference
Max Drawdown Largest peak-to-trough decline	-86.94%	-63.80%	-23.14%
Max Drawdown (1Y) Largest decline over 1 year	-86.94%	-34.93%	-52.01%
Current Drawdown Current decline from peak	-85.30%	-25.94%	-59.36%
Average Drawdown Average peak-to-trough decline	-29.96%	-16.74%	-13.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	41.02%	11.22%	+29.80%

Volatility

HOOG vs. TSMX - Volatility Comparison

Leverage Shares 2X Long HOOD Daily ETF (HOOG) has a higher volatility of 35.72% compared to Direxion Daily TSM Bull 2X Shares (TSMX) at 29.06%. This indicates that HOOG'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

	HOOG	TSMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	35.72%	29.06%	+6.66%
Volatility (6M) Calculated over the trailing 6-month period	101.26%	54.61%	+46.65%
Volatility (1Y) Calculated over the trailing 1-year period	143.11%	77.49%	+65.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	143.89%	81.26%	+62.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	143.89%	81.26%	+62.63%