ILDR vs. TSXU

Last updated Jun 4, 2026

ILDR (First Trust Innovation Leaders ETF) and TSXU (Direxion Daily Semiconductors Top 5 Bull 2X Shares) are both exchange-traded funds - ILDR is a Technology Equities fund actively managed by First Trust, while TSXU is a Leveraged Equities fund tracking the Solactive Semiconductor Top 5 Index (2x). ILDR is actively managed, while TSXU is passively managed. A 0.79 correlation means they provide meaningful diversification when combined. ILDR charges 0.75%/yr vs 1.05%/yr for TSXU.

Performance

ILDR vs. TSXU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Innovation Leaders ETF (ILDR) 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, ILDR achieves a 21.58% return, which is significantly lower than TSXU's 144.17% return.

ILDR

• 1D: -1.06%
• 1M: 13.98%
• YTD: 21.58%
• 6M: 21.69%
• 1Y: 47.41%
• 3Y*: 31.44%
• 5Y*: 14.40%
• 10Y*: —

TSXU

• 1D: 5.69%
• 1M: 70.75%
• YTD: 144.17%
• 6M: 129.95%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ILDR vs. TSXU - Yearly Performance Comparison

	2026 (YTD)	2025
ILDR First Trust Innovation Leaders ETF	21.58%	0.70%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	144.17%	13.59%

Correlation

The correlation between ILDR and TSXU is 0.79, 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	0.79

Return for Risk

ILDR vs. TSXU — Risk / Return Rank

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

ILDR

ILDR Risk / Return Rank: 60
ILDR Sharpe Ratio Rank: 69
ILDR Sortino Ratio Rank: 63
ILDR Omega Ratio Rank: 60
ILDR Calmar Ratio Rank: 55
ILDR Martin Ratio Rank: 53

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.

ILDR vs. TSXU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Innovation Leaders ETF (ILDR) 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.

	ILDR	TSXU	Difference
Sharpe ratio Return per unit of total volatility	2.26	—	—
Sortino ratio Return per unit of downside risk	2.94	—	—
Omega ratio Gain probability vs. loss probability	1.37	—	—
Calmar ratio Return relative to maximum drawdown	2.69	—	—
Martin ratio Return relative to average drawdown	9.00	—	—
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

	ILDR	TSXU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.26	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	4.66	-4.09

Drawdowns

ILDR vs. TSXU - Drawdown Comparison

The maximum ILDR drawdown since its inception was -44.61%, which is greater than TSXU's maximum drawdown of -35.62%. Use the drawdown chart below to compare losses from any high point for ILDR and TSXU.

Drawdown Indicators

	ILDR	TSXU	Difference
Max Drawdown Largest peak-to-trough decline	-44.61%	-35.62%	-8.99%
Max Drawdown (1Y) Largest decline over 1 year	-17.70%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-26.43%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-44.61%	—	—
Current Drawdown Current decline from peak	-1.06%	0.00%	-1.06%
Average Drawdown Average peak-to-trough decline	-14.98%	-10.61%	-4.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.28%	—	—

Volatility

Volatility by Period

	ILDR	TSXU	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.23%	—	—
Volatility (6M) Calculated over the trailing 6-month period	16.21%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.11%	78.89%	-57.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.07%	78.89%	-52.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.02%	78.89%	-52.87%

ILDR vs. TSXU - Expense Ratio Comparison

ILDR has a 0.75% expense ratio, which is lower than TSXU's 1.05% expense ratio.

Dividends

ILDR vs. TSXU - Dividend Comparison

ILDR has not paid dividends to shareholders, while TSXU's dividend yield for the trailing twelve months is around 1.19%.

Position	TTM	2025	2024	2023	2022	2021
ILDR First Trust Innovation Leaders ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.16%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	1.19%	2.54%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ILDR and TSXU in my portfolio?

ILDR and TSXU have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ILDR or TSXU?

On fees, ILDR is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ILDR or TSXU?

ILDR is cheaper with a 0.75% expense ratio, compared with 1.05% for TSXU.

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

TSXU has the higher dividend yield at 1.19%, compared with 0.00% for ILDR.

What is the main difference between ILDR and TSXU?

ILDR is categorized as Technology Equities, while TSXU is Leveraged Equities. They also come from different issuers: First Trust and Direxion. Their fees differ too: 0.75% for ILDR and 1.05% for TSXU.