IPAY vs. TSXU

Last updated Jun 5, 2026

IPAY (ETFMG Prime Mobile Payments ETF) and TSXU (Direxion Daily Semiconductors Top 5 Bull 2X Shares) are both exchange-traded funds - IPAY is a Technology Equities fund tracking the Prime Mobile Payments Index, while TSXU is a Leveraged Equities fund tracking the Solactive Semiconductor Top 5 Index (2x). Both are passively managed. At a 0.27 correlation, their price movements are largely independent. IPAY charges 0.75%/yr vs 1.05%/yr for TSXU.

Performance

IPAY vs. TSXU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETFMG Prime Mobile Payments ETF (IPAY) 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, IPAY achieves a -14.78% return, which is significantly lower than TSXU's 126.91% return.

IPAY

• 1D: 2.00%
• 1M: -5.52%
• YTD: -14.78%
• 6M: -13.94%
• 1Y: -21.89%
• 3Y*: 2.84%
• 5Y*: -8.34%
• 10Y*: 6.10%

TSXU

• 1D: -6.20%
• 1M: 47.27%
• YTD: 126.91%
• 6M: 118.15%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IPAY vs. TSXU - Yearly Performance Comparison

	2026 (YTD)	2025
IPAY ETFMG Prime Mobile Payments ETF	-14.78%	-8.24%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	126.91%	13.59%

Correlation

The correlation between IPAY and TSXU is 0.27, 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	0.27

Return for Risk

IPAY vs. TSXU — Risk / Return Rank

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

IPAY

IPAY Risk / Return Rank: 2
IPAY Sharpe Ratio Rank: 2
IPAY Sortino Ratio Rank: 3
IPAY Omega Ratio Rank: 2
IPAY Calmar Ratio Rank: 3
IPAY Martin Ratio Rank: 2

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.

IPAY vs. TSXU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ETFMG Prime Mobile Payments ETF (IPAY) 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.

	IPAY	TSXU	Difference
Sharpe ratio: Return per unit of total volatility	-0.92	—	—
Sortino ratio: Return per unit of downside risk	-1.16	—	—
Omega ratio: Gain probability vs. loss probability	0.85	—	—
Calmar ratio: Return relative to maximum drawdown	-0.70	—	—
Martin ratio: Return relative to average drawdown	-1.34	—	—
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

	IPAY	TSXU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.92	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.32	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.24	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	3.95	-3.73

Drawdowns

IPAY vs. TSXU - Drawdown Comparison

The maximum IPAY drawdown since its inception was -51.75%, which is greater than TSXU's maximum drawdown of -35.62%. Use the drawdown chart below to compare losses from any high point for IPAY and TSXU.

Drawdown Indicators

	IPAY	TSXU	Difference
Max Drawdown Largest peak-to-trough decline	-51.75%	-35.62%	-16.13%
Max Drawdown (1Y) Largest decline over 1 year	-31.31%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-32.74%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-51.49%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-51.75%	—	—
Current Drawdown Current decline from peak	-38.30%	-7.07%	-31.23%
Average Drawdown Average peak-to-trough decline	-16.68%	-10.54%	-6.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.41%	—	—

Volatility

Volatility by Period

	IPAY	TSXU	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.76%	—	—
Volatility (6M) Calculated over the trailing 6-month period	18.31%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	23.77%	78.90%	-55.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.05%	78.90%	-52.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.38%	78.90%	-53.52%

IPAY vs. TSXU - Expense Ratio Comparison

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

Dividends

IPAY vs. TSXU - Dividend Comparison

IPAY's dividend yield for the trailing twelve months is around 0.93%, less than TSXU's 1.28% yield.

Position	TTM	2025	2024
IPAY ETFMG Prime Mobile Payments ETF	0.93%	0.79%	0.77%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	1.28%	2.54%	0.00%

Frequently Asked Questions

Can I hold both IPAY and TSXU in my portfolio?

IPAY and TSXU have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IPAY or TSXU?

On fees, IPAY 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, IPAY or TSXU?

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

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

TSXU has the higher dividend yield at 1.28%, compared with 0.93% for IPAY.

What is the main difference between IPAY and TSXU?

IPAY is categorized as Technology Equities, while TSXU is Leveraged Equities. IPAY tracks Prime Mobile Payments Index, while TSXU tracks Solactive Semiconductor Top 5 Index (2x). They also come from different issuers: ETFMG and Direxion. Their fees differ too: 0.75% for IPAY and 1.05% for TSXU.