IETC vs. TSXU

Last updated Jun 4, 2026

IETC (iShares Evolved U.S. Technology ETF) and TSXU (Direxion Daily Semiconductors Top 5 Bull 2X Shares) are both exchange-traded funds - IETC is a Technology Equities fund actively managed by iShares, while TSXU is a Leveraged Equities fund tracking the Solactive Semiconductor Top 5 Index (2x). IETC is actively managed, while TSXU is passively managed. A 0.72 correlation means they provide meaningful diversification when combined. IETC charges 0.18%/yr vs 1.05%/yr for TSXU.

Performance

IETC vs. TSXU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Evolved U.S. Technology ETF (IETC) 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, IETC achieves a 13.88% return, which is significantly lower than TSXU's 141.91% return.

IETC

• 1D: -2.13%
• 1M: 11.52%
• YTD: 13.88%
• 6M: 12.87%
• 1Y: 30.45%
• 3Y*: 30.53%
• 5Y*: 18.23%
• 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)

IETC vs. TSXU - Yearly Performance Comparison

	2026 (YTD)	2025
IETC iShares Evolved U.S. Technology ETF	13.88%	-0.59%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	141.91%	13.59%

Correlation

The correlation between IETC and TSXU is 0.72, 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 2, 2025	0.72

Return for Risk

IETC vs. TSXU — Risk / Return Rank

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

IETC

IETC Risk / Return Rank: 34
IETC Sharpe Ratio Rank: 40
IETC Sortino Ratio Rank: 38
IETC Omega Ratio Rank: 37
IETC Calmar Ratio Rank: 29
IETC Martin Ratio Rank: 28

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.

IETC vs. TSXU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Evolved U.S. Technology ETF (IETC) 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.

	IETC	TSXU	Difference
Sharpe ratio: Return per unit of total volatility	1.46	—	—
Sortino ratio: Return per unit of downside risk	1.98	—	—
Omega ratio: Gain probability vs. loss probability	1.25	—	—
Calmar ratio: Return relative to maximum drawdown	1.44	—	—
Martin ratio: Return relative to average drawdown	4.06	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IETC	TSXU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.46	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.87	4.53	-3.66

Drawdowns

IETC vs. TSXU - Drawdown Comparison

The maximum IETC drawdown since its inception was -38.48%, which is greater than TSXU's maximum drawdown of -35.62%. Use the drawdown chart below to compare losses from any high point for IETC and TSXU.

Drawdown Indicators

	IETC	TSXU	Difference
Max Drawdown Largest peak-to-trough decline	-38.48%	-35.62%	-2.86%
Max Drawdown (1Y) Largest decline over 1 year	-21.19%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-25.17%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-38.48%	—	—
Current Drawdown Current decline from peak	-2.25%	-0.92%	-1.33%
Average Drawdown Average peak-to-trough decline	-8.14%	-10.56%	+2.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.51%	—	—

Volatility

Volatility by Period

	IETC	TSXU	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.43%	—	—
Volatility (6M) Calculated over the trailing 6-month period	16.49%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.04%	78.68%	-57.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.53%	78.68%	-54.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.37%	78.68%	-53.31%

IETC vs. TSXU - Expense Ratio Comparison

IETC has a 0.18% expense ratio, which is lower than TSXU's 1.05% expense ratio.

Dividends

IETC vs. TSXU - Dividend Comparison

IETC's dividend yield for the trailing twelve months is around 0.34%, less than TSXU's 1.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
IETC iShares Evolved U.S. Technology ETF	0.34%	0.38%	0.52%	0.79%	0.92%	0.73%	0.48%	0.95%	1.27%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	1.20%	2.54%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IETC and TSXU in my portfolio?

IETC and TSXU have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IETC or TSXU?

On fees, IETC is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IETC or TSXU?

IETC is cheaper with a 0.18% expense ratio, compared with 1.05% for TSXU.

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

TSXU has the higher dividend yield at 1.20%, compared with 0.34% for IETC.

What is the main difference between IETC and TSXU?

IETC is categorized as Technology Equities, while TSXU is Leveraged Equities. They also come from different issuers: iShares and Direxion. Their fees differ too: 0.18% for IETC and 1.05% for TSXU.