IYW vs. TSXU

Last updated Jun 4, 2026

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

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Technology ETF (IYW) 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, IYW achieves a 29.03% return, which is significantly lower than TSXU's 141.91% return.

IYW

• 1D: -0.92%
• 1M: 16.53%
• YTD: 29.03%
• 6M: 28.22%
• 1Y: 59.52%
• 3Y*: 35.24%
• 5Y*: 22.87%
• 10Y*: 26.11%

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)

IYW vs. TSXU - Yearly Performance Comparison

	2026 (YTD)	2025
IYW iShares U.S. Technology ETF	29.03%	1.28%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	141.91%	13.59%

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 2, 2025	0.85

Return for Risk

IYW vs. TSXU — Risk / Return Rank

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

IYW

IYW Risk / Return Rank: 75
IYW Sharpe Ratio Rank: 87
IYW Sortino Ratio Rank: 81
IYW Omega Ratio Rank: 80
IYW Calmar Ratio Rank: 66
IYW Martin Ratio Rank: 60

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.

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.

	IYW	TSXU	Difference
Sharpe ratio: Return per unit of total volatility	2.98	—	—
Sortino ratio: Return per unit of downside risk	3.70	—	—
Omega ratio: Gain probability vs. loss probability	1.48	—	—
Calmar ratio: Return relative to maximum drawdown	3.36	—	—
Martin ratio: Return relative to average drawdown	11.00	—	—
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

	IYW	TSXU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.98	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.89	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.04	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	4.53	-4.18

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.

Drawdown Indicators

	IYW	TSXU	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	-0.92%	-0.92%	0.00%
Average Drawdown Average peak-to-trough decline	-34.66%	-10.56%	-24.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.43%	—	—

Volatility

Volatility by Period

	IYW	TSXU	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.30%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.85%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.09%	78.68%	-58.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.87%	78.68%	-52.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.09%	78.68%	-53.59%

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 1.20% 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	1.20%	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

Can I hold both IYW and TSXU in my portfolio?

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.

Which ETF is better, IYW or TSXU?

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.

Which ETF is cheaper, IYW or TSXU?

IYW is cheaper with a 0.38% expense ratio, compared with 1.05% for TSXU.

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

TSXU has the higher dividend yield at 1.20%, compared with 0.11% for IYW.

What is the main difference between IYW and TSXU?

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.