IVRS vs. TSXU

Last updated Jul 15, 2026

IVRS (iShares Future Metaverse Tech And Communications ETF) and TSXU (Direxion Daily Semiconductors Top 5 Bull 2X Shares) are both exchange-traded funds - IVRS is a Technology Equities fund tracking the Morningstar Global Metaverse & Virtual Interaction Select Index - Benchmark TR Net, while TSXU is a Leveraged Equities fund tracking the Solactive Semiconductor Top 5 Index (2x). Both are passively managed. A 0.59 correlation means they provide meaningful diversification when combined. IVRS charges 0.47%/yr vs 1.05%/yr for TSXU.

Performance

IVRS vs. TSXU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Future Metaverse Tech And Communications ETF (IVRS) 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, IVRS achieves a -6.53% return, which is significantly lower than TSXU's 112.57% return.

IVRS

• 1D: 0.40%
• 1M: 2.26%
• 6M: -11.70%
• YTD: -6.53%
• 1Y: -8.77%
• 3Y*: 6.53%
• 5Y*: —
• 10Y*: —

TSXU

• 1D: 4.77%
• 1M: 2.99%
• 6M: 88.72%
• YTD: 112.57%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IVRS vs. TSXU - Yearly Performance Comparison

	2026 (YTD)	2025
IVRS iShares Future Metaverse Tech And Communications ETF	-6.53%	-13.24%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	112.57%	37.96%

Correlation

The correlation between IVRS and TSXU is 0.59, 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 1, 2025	0.59

Return for Risk

IVRS vs. TSXU — Risk / Return Rank

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

IVRS

IVRS Risk / Return Rank: 6
IVRS Sharpe Ratio Rank: 6
IVRS Sortino Ratio Rank: 6
IVRS Omega Ratio Rank: 6
IVRS Calmar Ratio Rank: 7
IVRS Martin Ratio Rank: 7

TSXU

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

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.

IVRS vs. TSXU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Future Metaverse Tech And Communications ETF (IVRS) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	IVRS	TSXU	Difference
Sharpe ratio: Return per unit of total volatility	-0.38	—	—
Sortino ratio: Return per unit of downside risk	-0.38	—	—
Omega ratio: Gain probability vs. loss probability	0.95	—	—
Calmar ratio: Return relative to maximum drawdown	-0.28	—	—
Martin ratio: Return relative to average drawdown	-0.55	—	—

Drawdowns

IVRS vs. TSXU - Drawdown Comparison

The maximum IVRS drawdown since its inception was -31.43%, smaller than the maximum TSXU drawdown of -35.62%. Use the drawdown chart below to compare losses from any high point for IVRS and TSXU.

Drawdown Indicators

	IVRS	TSXU	Difference
Max Drawdown Largest peak-to-trough decline	-31.43%	-35.62%	+4.19%
Max Drawdown (1Y) Largest decline over 1 year	-31.43%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-31.43%	—	—
Current Drawdown Current decline from peak	-19.59%	-14.06%	-5.53%
Average Drawdown Average peak-to-trough decline	-6.27%	-10.89%	+4.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.05%	—	—

Volatility

Volatility by Period

	IVRS	TSXU	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.49%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.98%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	23.11%	90.34%	-67.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.72%	90.34%	-69.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.72%	90.34%	-69.62%

IVRS vs. TSXU - Expense Ratio Comparison

IVRS has a 0.47% expense ratio, which is lower than TSXU's 1.05% expense ratio.

Dividends

IVRS vs. TSXU - Dividend Comparison

IVRS's dividend yield for the trailing twelve months is around 8.57%, more than TSXU's 1.65% yield.

Position	TTM	2025	2024	2023
IVRS iShares Future Metaverse Tech And Communications ETF	8.57%	7.88%	6.65%	0.48%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	1.65%	2.54%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IVRS and TSXU in my portfolio?

IVRS and TSXU have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IVRS or TSXU?

On fees, IVRS is cheaper at 0.47% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IVRS or TSXU?

IVRS is cheaper with a 0.47% expense ratio, compared with 1.05% for TSXU.

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

IVRS has the higher dividend yield at 8.57%, compared with 1.65% for TSXU.

What is the main difference between IVRS and TSXU?

IVRS is categorized as Technology Equities, while TSXU is Leveraged Equities. IVRS tracks Morningstar Global Metaverse & Virtual Interaction Select Index - Benchmark TR Net, while TSXU tracks Solactive Semiconductor Top 5 Index (2x). They also come from different issuers: iShares and Direxion. Their fees differ too: 0.47% for IVRS and 1.05% for TSXU.