IVES vs. TSXU

Last updated Jun 4, 2026

IVES (Dan IVES Wedbush AI Revolution ETF) and TSXU (Direxion Daily Semiconductors Top 5 Bull 2X Shares) are both exchange-traded funds - IVES is a Technology Equities fund tracking the Solactive Wedbush Artificial Intelligence Index, while TSXU is a Leveraged Equities fund tracking the Solactive Semiconductor Top 5 Index (2x). Both are passively managed. Their correlation of 0.82 suggests significant overlap in exposure. IVES charges 0.75%/yr vs 1.05%/yr for TSXU.

Performance

IVES vs. TSXU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dan IVES Wedbush AI Revolution ETF (IVES) 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, IVES achieves a 27.14% return, which is significantly lower than TSXU's 141.91% return.

IVES

• 1D: -2.92%
• 1M: 18.28%
• YTD: 27.14%
• 6M: 24.59%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 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)

IVES vs. TSXU - Yearly Performance Comparison

	2026 (YTD)	2025
IVES Dan IVES Wedbush AI Revolution ETF	27.14%	-2.70%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	141.91%	13.59%

Correlation

The correlation between IVES and TSXU is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 2, 2025	0.82

Return for Risk

IVES vs. TSXU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dan IVES Wedbush AI Revolution ETF (IVES) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	IVES	TSXU	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.32	4.53	-2.21

Drawdowns

IVES vs. TSXU - Drawdown Comparison

The maximum IVES drawdown since its inception was -22.64%, smaller than the maximum TSXU drawdown of -35.62%. Use the drawdown chart below to compare losses from any high point for IVES and TSXU.

Drawdown Indicators

	IVES	TSXU	Difference
Max Drawdown Largest peak-to-trough decline	-22.64%	-35.62%	+12.98%
Current Drawdown Current decline from peak	-3.69%	-0.92%	-2.77%
Average Drawdown Average peak-to-trough decline	-5.63%	-10.56%	+4.93%

Volatility

Volatility by Period

	IVES	TSXU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	25.77%	78.68%	-52.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.77%	78.68%	-52.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.77%	78.68%	-52.91%

IVES vs. TSXU - Expense Ratio Comparison

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

Dividends

IVES vs. TSXU - Dividend Comparison

IVES's dividend yield for the trailing twelve months is around 0.33%, less than TSXU's 1.20% yield.

Position	TTM	2025
IVES Dan IVES Wedbush AI Revolution ETF	0.33%	0.41%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	1.20%	2.54%

Frequently Asked Questions

Can I hold both IVES and TSXU in my portfolio?

IVES and TSXU have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IVES or TSXU?

On fees, IVES 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, IVES or TSXU?

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

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

TSXU has the higher dividend yield at 1.20%, compared with 0.33% for IVES.

What is the main difference between IVES and TSXU?

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