IYW vs. TSXU
IYW (iShares U.S. Technology ETF) and TSXU (Direxion Daily Semiconductors Top 5 Bull 2X Shares) are both exchange-traded funds - IYW is a Technology Equities fund tracking the Russell 1000 Technology RIC 22.5/45 Capped Index, while TSXU is a Leveraged Equities fund tracking the Solactive Semiconductor Top 5 Index (2x). Both are passively managed. Their correlation of 0.85 suggests significant overlap in exposure. IYW charges 0.38%/yr vs 1.05%/yr for TSXU.
Performance
IYW vs. TSXU - Performance Comparison
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Returns By Period
In the year-to-date period, IYW achieves a 21.96% return, which is significantly lower than TSXU's 113.38% return.
IYW
- 1D
- -3.91%
- 1M
- 0.69%
- YTD
- 21.96%
- 6M
- 20.43%
- 1Y
- 47.04%
- 3Y*
- 32.10%
- 5Y*
- 20.32%
- 10Y*
- 25.94%
TSXU
- 1D
- -13.73%
- 1M
- 19.65%
- YTD
- 113.38%
- 6M
- 118.38%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IYW vs. TSXU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IYW iShares U.S. Technology ETF | 21.96% | 1.98% |
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares | 113.38% | 37.96% |
Correlation
The correlation between IYW and TSXU is 0.85, 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 1, 2025 | 0.85 |
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Return for Risk
IYW vs. TSXU — Risk / Return Rank
IYW
TSXU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IYW vs. TSXU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Technology ETF (IYW) 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.
| IYW | TSXU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.36 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | — | — |
| Martin ratioReturn relative to average drawdown | 8.46 | — | — |
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Drawdowns
IYW vs. TSXU - Drawdown Comparison
The maximum IYW drawdown since its inception was -81.90%, which is greater than TSXU's maximum drawdown of -35.62%. Use the drawdown chart below to compare losses from any high point for IYW and TSXU.
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Drawdown Indicators
| IYW | TSXU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.90% | -35.62% | -46.28% |
Max Drawdown (1Y)Largest decline over 1 year | -17.81% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -26.47% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -39.44% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.44% | — | — |
Current DrawdownCurrent decline from peak | -6.35% | -13.73% | +7.38% |
Average DrawdownAverage peak-to-trough decline | -34.59% | -10.67% | -23.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.57% | — | — |
Volatility
IYW vs. TSXU - Volatility Comparison
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Volatility by Period
| IYW | TSXU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.15% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 18.45% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 22.34% | 89.70% | -67.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.24% | 89.70% | -63.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.26% | 89.70% | -64.44% |
IYW vs. TSXU - Expense Ratio Comparison
IYW has a 0.38% expense ratio, which is lower than TSXU's 1.05% expense ratio.
Dividends
IYW vs. TSXU - Dividend Comparison
IYW's dividend yield for the trailing twelve months is around 0.11%, less than TSXU's 1.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYW iShares U.S. Technology ETF | 0.11% | 0.14% | 0.21% | 0.34% | 0.50% | 0.31% | 0.56% | 0.72% | 0.92% | 0.82% | 1.14% | 1.12% |
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares | 1.36% | 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
IYW and TSXU have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IYW is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IYW is cheaper with a 0.38% expense ratio, compared with 1.05% for TSXU.
TSXU has the higher dividend yield at 1.36%, compared with 0.11% for IYW.
IYW is categorized as Technology Equities, while TSXU is Leveraged Equities. IYW tracks Russell 1000 Technology RIC 22.5/45 Capped Index, while TSXU tracks Solactive Semiconductor Top 5 Index (2x). They also come from different issuers: iShares and Direxion. Their fees differ too: 0.38% for IYW and 1.05% for TSXU.
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