IGV vs. TSXU

Last updated Jun 4, 2026

IGV (iShares Expanded Tech-Software Sector ET) and TSXU (Direxion Daily Semiconductors Top 5 Bull 2X Shares) are both exchange-traded funds - IGV is a Technology Equities fund tracking the S&P North American Technology-Software Index, while TSXU is a Leveraged Equities fund tracking the Solactive Semiconductor Top 5 Index (2x). Both are passively managed. At a 0.32 correlation, their price movements are largely independent. IGV charges 0.46%/yr vs 1.05%/yr for TSXU.

Performance

IGV vs. TSXU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Expanded Tech-Software Sector ET (IGV) 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, IGV achieves a -5.19% return, which is significantly lower than TSXU's 141.91% return.

IGV

• 1D: -4.33%
• 1M: 13.30%
• YTD: -5.19%
• 6M: -6.07%
• 1Y: -4.56%
• 3Y*: 14.91%
• 5Y*: 6.80%
• 10Y*: 16.89%

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)

IGV vs. TSXU - Yearly Performance Comparison

	2026 (YTD)	2025
IGV iShares Expanded Tech-Software Sector ET	-5.19%	-8.15%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	141.91%	13.59%

Correlation

The correlation between IGV and TSXU is 0.32, 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 Oct 2, 2025	0.32

Return for Risk

IGV vs. TSXU — Risk / Return Rank

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

IGV

IGV Risk / Return Rank: 7
IGV Sharpe Ratio Rank: 7
IGV Sortino Ratio Rank: 7
IGV Omega Ratio Rank: 7
IGV Calmar Ratio Rank: 7
IGV Martin Ratio Rank: 7

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.

IGV vs. TSXU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Expanded Tech-Software Sector ET (IGV) 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.

	IGV	TSXU	Difference
Sharpe ratio: Return per unit of total volatility	-0.17	—	—
Sortino ratio: Return per unit of downside risk	-0.04	—	—
Omega ratio: Gain probability vs. loss probability	0.99	—	—
Calmar ratio: Return relative to maximum drawdown	-0.13	—	—
Martin ratio: Return relative to average drawdown	-0.27	—	—
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

	IGV	TSXU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.17	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.25	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	4.53	-4.17

Drawdowns

IGV vs. TSXU - Drawdown Comparison

The maximum IGV drawdown since its inception was -63.45%, which is greater than TSXU's maximum drawdown of -35.62%. Use the drawdown chart below to compare losses from any high point for IGV and TSXU.

Drawdown Indicators

	IGV	TSXU	Difference
Max Drawdown Largest peak-to-trough decline	-63.45%	-35.62%	-27.83%
Max Drawdown (1Y) Largest decline over 1 year	-36.61%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-36.61%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-45.85%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-45.85%	—	—
Current Drawdown Current decline from peak	-14.93%	-0.92%	-14.01%
Average Drawdown Average peak-to-trough decline	-14.44%	-10.56%	-3.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.22%	—	—

Volatility

Volatility by Period

	IGV	TSXU	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.63%	—	—
Volatility (6M) Calculated over the trailing 6-month period	24.39%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	27.61%	78.68%	-51.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.86%	78.68%	-50.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.35%	78.68%	-52.33%

IGV vs. TSXU - Expense Ratio Comparison

IGV has a 0.46% expense ratio, which is lower than TSXU's 1.05% expense ratio.

Dividends

IGV vs. TSXU - Dividend Comparison

IGV has not paid dividends to shareholders, while TSXU's dividend yield for the trailing twelve months is around 1.20%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IGV iShares Expanded Tech-Software Sector ET	0.00%	0.00%	0.00%	0.01%	0.01%	0.00%	0.35%	0.02%	0.16%	0.09%	0.82%	0.22%
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%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IGV and TSXU in my portfolio?

IGV and TSXU have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IGV or TSXU?

On fees, IGV is cheaper at 0.46% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IGV or TSXU?

IGV is cheaper with a 0.46% expense ratio, compared with 1.05% for TSXU.

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

TSXU has the higher dividend yield at 1.20%, compared with 0.00% for IGV.

What is the main difference between IGV and TSXU?

IGV is categorized as Technology Equities, while TSXU is Leveraged Equities. IGV tracks S&P North American Technology-Software Index, while TSXU tracks Solactive Semiconductor Top 5 Index (2x). They also come from different issuers: iShares and Direxion. Their fees differ too: 0.46% for IGV and 1.05% for TSXU.